Registered number
13359664
Emerald CS Limited
Filleted Accounts
30 April 2023
Emerald CS Limited
Registered number: 13359664
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 46,855 36,528
Current assets
Debtors 4 1,755 7,006
Cash at bank and in hand 12,822 478
14,577 7,484
Creditors: amounts falling due within one year 5 (19,372) (12,749)
Net current liabilities (4,795) (5,265)
Total assets less current liabilities 42,060 31,263
Creditors: amounts falling due after more than one year 6 (30,988) (11,971)
Net assets 11,072 19,292
Capital and reserves
Called up share capital 1 1
Profit and loss account 11,071 19,291
Shareholder's funds 11,072 19,292
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
I E Watts
Director
Approved by the board on 9 November 2023
Emerald CS Limited
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2022 1,280 36,570 37,850
Additions 1,208 47,894 49,102
Disposals - (36,570) (36,570)
At 30 April 2023 2,488 47,894 50,382
Depreciation
At 1 May 2022 198 1,124 1,322
Charge for the year 336 2,993 3,329
On disposals - (1,124) (1,124)
At 30 April 2023 534 2,993 3,527
Net book value
At 30 April 2023 1,954 44,901 46,855
At 30 April 2022 1,082 35,446 36,528
4 Debtors 2023 2022
£ £
Trade debtors 1,755 4,225
Other debtors - 2,781
1,755 7,006
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 8,620 2,675
Trade creditors 214 -
Taxation and social security costs 6,067 1,824
Other creditors 4,471 8,250
19,372 12,749
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 30,988 11,971
7 Other information
Emerald CS Limited is a private company limited by shares and incorporated in England. Its registered office is:
16 Bosworth Gardens
Bishops Waltham
Southampton
Hampshire
SO32 1QQ
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