Emdells Limited |
Registered number: |
04432822 |
|
Balance Sheet |
as at 31 March 2023 |
|
31st March |
31st March |
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Investments |
3 |
|
|
14,264 |
|
|
28,336 |
|
Current assets |
Debtors |
4 |
|
27,946 |
|
|
12,682 |
Cash at bank and in hand |
|
|
712,843 |
|
|
656,309 |
|
|
|
740,789 |
|
|
668,991 |
|
Creditors: amounts falling due within one year |
5 |
|
(1,066,580) |
|
|
(969,251) |
|
Net current liabilities |
|
|
|
(325,791) |
|
|
(300,260) |
|
Total assets less current liabilities |
|
|
|
(311,527) |
|
|
(271,924) |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
(20,250) |
|
|
(29,250) |
|
|
Net liabilities |
|
|
|
(331,777) |
|
|
(301,174) |
|
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
2 |
|
|
2 |
Profit and loss account |
|
|
|
(331,779) |
|
|
(301,176) |
|
Shareholder's funds |
|
|
|
(331,777) |
|
|
(301,174) |
|
|
|
|
|
|
|
|
|
The directors are 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 directors acknowledge their 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. |
|
Mr JP Naylor |
Director |
Approved by the board on 17 November 2023 |
|
Emdells Limited |
|
Notes to the Accounts |
for the year ended 31 March 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. Turnover includes revenue earned from the receipt of rents, dividends, bank interest and sale of investments. |
|
|
|
Investments |
|
Investments in quoted equity instruments are measured at transaction price (which is usually the cost), less any impairment losses. |
|
|
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 recognised at transaction price including any transaction costs less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
31st March |
31st March |
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
3 |
Investments |
Other |
investments |
£ |
|
Cost |
|
At 1 April 2022 |
28,336 |
|
Disposals |
(14,072) |
|
At 31 March 2023 |
14,264 |
|
|
|
|
|
|
|
|
|
|
|
|
31st March |
31st March |
4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
Amount owed by connected undertakings |
|
25,264 |
|
10,000 |
|
Other debtors |
2,682 |
|
2,682 |
|
|
|
|
|
|
27,946 |
|
12,682 |
|
|
|
|
|
|
|
|
|
|
31st March |
31st March |
5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
Bank loan |
9,000 |
|
9,000 |
|
Amounts owed to connected undertaking |
1,052,399 |
|
955,913 |
|
Accrued expenses |
5,181 |
|
4,338 |
|
|
|
|
|
|
1,066,580 |
|
969,251 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
|
|
Bank loan |
20,250 |
|
29,250 |
|
|
|
|
|
|
20,250 |
|
29,250 |
|
|
|
|
|
|
|
|
|
7 |
Related party transactions |
|
|
Mr JP Naylor |
|
Director |
|
Monies owed by the director, JP Naylor at the year end |
|
The loan is interest free |
|
Amount due from the related party |
(2,682) |
|
(2,682) |
|
|
|
|
|
|
|
|
|
|
Emdells Holdings Limited |
|
Connected company |
|
Mr JP Naylor, directors held the beneficial |
|
interest in this business throughout the year and the previous year. |
|
|
Amount due from the related party |
(25,264) |
|
(10,000) |
|
|
|
|
|
|
|
|
|
|
Emdells Limited - Bahamas |
|
Connected company |
|
Mr JP Naylor, directors held the beneficial |
|
interest in this business throughout the year and the previous year. |
|
|
Amount due to the related party |
1,052,399 |
|
955,913 |
|
|
|
|
|
|
|
|
|
|
8 |
Other information |
|
|
Emdells Limited is a private company limited by shares and incorporated in England and Wales. The registered office is: |
|
|
33a Castle Close |
|
Hawarden |
|
Deeside |
|
CH5 QX |