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REGISTERED NUMBER: 04709619 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

EMSCAR LIMITED

EMSCAR LIMITED (REGISTERED NUMBER: 04709619)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

EMSCAR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: I Chatterton



REGISTERED OFFICE: East Quay
Kite Hill
Wootton Bridge
Isle of Wight
PO33 4LA



REGISTERED NUMBER: 04709619 (England and Wales)



ACCOUNTANTS: Harrison Black Limited
East Quay
Kite Hill
Wootton Bridge
Isle of Wight
PO33 4LA



BANKERS: Natwest Bank Plc
4-5 High Street
Chelmsford
Essex
CM1 1FZ

EMSCAR LIMITED (REGISTERED NUMBER: 04709619)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,033 47,706

CURRENT ASSETS
Stocks 9,500 18,000
Debtors 5 41,444 62,483
Cash at bank 135,801 164,375
186,745 244,858
CREDITORS
Amounts falling due within one year 6 41,503 58,944
NET CURRENT ASSETS 145,242 185,914
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,275

233,620

CREDITORS
Amounts falling due after more than one
year

7

-

7,034
NET ASSETS 186,275 226,586

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 19,550 19,550
Retained earnings 165,725 206,036
SHAREHOLDERS' FUNDS 186,275 226,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

EMSCAR LIMITED (REGISTERED NUMBER: 04709619)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2023 and were signed by:





I Chatterton - Director


EMSCAR LIMITED (REGISTERED NUMBER: 04709619)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Emscar Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax. The company recognises income when the significant risks and rewards of ownership have been transferred to the buyer and the amount of revenue can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - Straight line over 3 years
Plant & machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Improvements to property are being written off over the term of the lease.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, cost of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


EMSCAR LIMITED (REGISTERED NUMBER: 04709619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 10 ) .

EMSCAR LIMITED (REGISTERED NUMBER: 04709619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant & and
property machinery fittings
£    £    £   
COST
At 1 April 2022 7,856 55,764 3,773
Additions - - 153
Disposals - - -
At 31 March 2023 7,856 55,764 3,926
DEPRECIATION
At 1 April 2022 2,619 37,750 2,600
Charge for year 2,619 3,603 332
Eliminated on disposal - - -
At 31 March 2023 5,238 41,353 2,932
NET BOOK VALUE
At 31 March 2023 2,618 14,411 994
At 31 March 2022 5,237 18,014 1,173

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 40,940 13,717 122,050
Additions 9,850 599 10,602
Disposals (10,900 ) - (10,900 )
At 31 March 2023 39,890 14,316 121,752
DEPRECIATION
At 1 April 2022 21,415 9,960 74,344
Charge for year 6,697 1,437 14,688
Eliminated on disposal (8,313 ) - (8,313 )
At 31 March 2023 19,799 11,397 80,719
NET BOOK VALUE
At 31 March 2023 20,091 2,919 41,033
At 31 March 2022 19,525 3,757 47,706

EMSCAR LIMITED (REGISTERED NUMBER: 04709619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,859 48,174
Other debtors 18,585 14,309
41,444 62,483

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 10,613 16,311
Taxation and social security 17,213 29,695
Other creditors 13,677 12,938
41,503 58,944

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Other creditors - 7,034

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 7,034 14,708

Hire purchase contracts are secured over the assets to which they relate.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
EMSCAR LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Emscar Limited for the year ended 31 March 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Emscar Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Emscar Limited and state those matters that we have agreed to state to the director of Emscar Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Emscar Limited and its director for our work or for this report.

It is your duty to ensure that Emscar Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Emscar Limited. You consider that Emscar Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Emscar Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Harrison Black Limited
East Quay
Kite Hill
Wootton Bridge
Isle of Wight
PO33 4LA


15 November 2023