36 30/01/2023 2023-01-30 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-01-31 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 05432444 2022-01-31 2023-01-30 05432444 2023-01-30 05432444 2022-01-30 05432444 2021-01-31 2022-01-30 05432444 2022-01-30 05432444 core:PlantMachinery 2022-01-31 2023-01-30 05432444 core:FurnitureFittingsToolsEquipment 2022-01-31 2023-01-30 05432444 bus:Director1 2022-01-31 2023-01-30 05432444 core:WithinOneYear 2023-01-30 05432444 core:WithinOneYear 2022-01-30 05432444 core:PlantMachinery 2022-01-30 05432444 core:FurnitureFittingsToolsEquipment 2022-01-30 05432444 core:PlantMachinery 2023-01-30 05432444 core:FurnitureFittingsToolsEquipment 2023-01-30 05432444 core:DeferredTaxation 2022-01-31 2023-01-30 05432444 core:AfterOneYear 2023-01-30 05432444 core:AfterOneYear 2022-01-30 05432444 core:ShareCapital 2023-01-30 05432444 core:ShareCapital 2022-01-30 05432444 core:RetainedEarningsAccumulatedLosses 2023-01-30 05432444 core:RetainedEarningsAccumulatedLosses 2022-01-30 05432444 core:AcceleratedTaxDepreciationDeferredTax 2023-01-30 05432444 core:AcceleratedTaxDepreciationDeferredTax 2022-01-30 05432444 core:PlantMachinery 2022-01-30 05432444 core:FurnitureFittingsToolsEquipment 2022-01-30 05432444 core:DeferredTaxation 2022-01-30 05432444 core:DeferredTaxation 2023-01-30 05432444 bus:SmallEntities 2022-01-31 2023-01-30 05432444 bus:AuditExempt-NoAccountantsReport 2022-01-31 2023-01-30 05432444 bus:FullAccounts 2022-01-31 2023-01-30 05432444 bus:SmallCompaniesRegimeForAccounts 2022-01-31 2023-01-30 05432444 bus:PrivateLimitedCompanyLtd 2022-01-31 2023-01-30 05432444 1 2022-01-31 2023-01-30
EMA Training Limited
Unaudited filleted financial statements
30 January 2023
Company registration number: 05432444 (England and Wales)
EMA Training Limited
Contents
Statement of financial position
Notes to the financial statements
EMA Training Limited
Statement of financial position
30 January 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 127,716 105,460
_______ _______
127,716 105,460
Current assets
Debtors 6 329,540 206,197
Cash at bank and in hand 27,692 59,487
_______ _______
357,232 265,684
Creditors: amounts falling due
within one year 7 ( 290,224) ( 206,572)
_______ _______
Net current assets 67,008 59,112
_______ _______
Total assets less current liabilities 194,724 164,572
Creditors: amounts falling due
after more than one year 8 ( 18,388) ( 37,862)
Provisions for liabilities 9 ( 24,266) ( 13,037)
_______ _______
Net assets 152,070 113,673
_______ _______
Capital and reserves
Called up share capital 103 100
Profit and loss account 151,967 113,573
_______ _______
Shareholders funds 152,070 113,673
_______ _______
For the year ending 30 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 18 October 2023 , and are signed on behalf of the board by:
T. A. Mosley
Director
Company registration number: 05432444
EMA Training Limited
Notes to the financial statements
Year ended 30 January 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Progress House, 4 Siddals Road, Derby, DE1 2PW.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment - 33.3 % straight line
Fittings fixtures and equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 36 (2022: 22 ).
5. Tangible assets
Computer equipment Fixtures, fittings and equipment Total
£ £ £
Cost
At 31 January 2022 60,251 76,808 137,059
Additions 40,798 25,004 65,802
_______ _______ _______
At 30 January 2023 101,049 101,812 202,861
_______ _______ _______
Depreciation
At 31 January 2022 9,822 21,777 31,599
Charge for the year 27,683 15,863 43,546
_______ _______ _______
At 30 January 2023 37,505 37,640 75,145
_______ _______ _______
Carrying amount
At 30 January 2023 63,544 64,172 127,716
_______ _______ _______
At 30 January 2022 50,429 55,031 105,460
_______ _______ _______
6. Debtors
2023 2022
£ £
Trade debtors 216,905 7,225
Prepayments and accrued income 91,331 164,630
Other debtors 21,304 34,342
_______ _______
329,540 206,197
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 13,160 12,787
Trade creditors 148,745 86,175
Accruals and deferred income 37,082 16,106
Corporation tax 32,835 15,382
Social security and other taxes 54,729 67,666
Director loan accounts 188 4,703
Other creditors 3,485 3,753
_______ _______
290,224 206,572
_______ _______
8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors 18,388 37,862
_______ _______
9. Provisions
Deferred tax (note 10) Total
£ £
At 31 January 2022 13,037 13,037
Additions 11,229 11,229
_______ _______
At 30 January 2023 24,266 24,266
_______ _______
10. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2023 2022
£ £
Included in provisions (note 9) 24,266 13,037
_______ _______
The deferred tax account consists of the tax effect of timing differences in respect of:
2023 2022
£ £
Accelerated capital allowances 24,266 13,037
_______ _______
11. Controlling party
The company is controlled by Mrs. T. Mosley.