Emtee Car Solutions Ltd 05720661 true 2023-08-01 2023-10-31 2023-10-31 The principal activity of the company is Car phone and repair solutions Digita Accounts Production Advanced 6.30.9574.0 true Mr M I F Taylor Mrs L Taylor false 05720661 2023-08-01 2023-10-31 05720661 2023-10-31 05720661 core:RetainedEarningsAccumulatedLosses 2023-10-31 05720661 core:ShareCapital 2023-10-31 05720661 bus:FRS102 2023-08-01 2023-10-31 05720661 bus:AuditExempt-NoAccountantsReport 2023-08-01 2023-10-31 05720661 bus:FullAccounts 2023-08-01 2023-10-31 05720661 bus:RegisteredOffice 2023-08-01 2023-10-31 05720661 bus:Director1 2023-08-01 2023-10-31 05720661 bus:Director3 2023-08-01 2023-10-31 05720661 bus:EntityNoLongerTradingButTradedInPast 2023-08-01 2023-10-31 05720661 bus:PrivateLimitedCompanyLtd 2023-08-01 2023-10-31 05720661 countries:England 2023-08-01 2023-10-31 05720661 2023-07-31 05720661 core:RetainedEarningsAccumulatedLosses 2023-07-31 05720661 core:ShareCapital 2023-07-31 iso4217:GBP

Registration number: 05720661

Emtee Car Solutions Ltd

Annual Report and Unaudited Financial Statements

for the Period from 1 August 2023 to 31 October 2023

 

Emtee Car Solutions Ltd

(Registration number: 05720661)
Balance Sheet as at 31 October 2023

Note

2023
£

2023
£

Capital and reserves

 

Called up share capital

8

9

9

Retained earnings

(9)

(9)

Shareholders' funds/(deficit)

 

-

-

For the financial period ending 31 October 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 10 November 2023 and signed on its behalf by:
 

.........................................
Mr M I F Taylor
Director

 

Emtee Car Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
67 Langham Gardens
London
N21 1DL

The principal place of business is:
67 Langham Gardens
London
N21 1DL

These financial statements were authorised for issue by the Board on 10 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

 

Emtee Car Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 October 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Emtee Car Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 October 2023

3

Intangible assets

Cost or valuation

Amortisation

Carrying amount

At 31 October 2023

4

Tangible assets

Cost or valuation

Depreciation

Carrying amount

At 31 October 2023

5

Debtors

Current

2023
£

2023
£

6

Cash and cash equivalents

2023
£

2023
£

7

Creditors

2023
£

2023
£

8

Share capital