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Company Registration No. 10422389 (England and Wales)
EMF Inspections Limited Unaudited accounts for the year ended 31 March 2023
EMF Inspections Limited Unaudited accounts Contents
Page
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EMF Inspections Limited Company Information for the year ended 31 March 2023
Director
Mr Atanas Petkov
Company Number
10422389 (England and Wales)
Registered Office
International House, 12 Constance Street London E16 2DQ
Accountants
Prody Books Ltd The Old Library St Faith's Street Maidstone Kent ME14 1LH
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EMF Inspections Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
125 
167 
Current assets
Debtors
- 
629 
Cash at bank and in hand
5,955 
4,746 
5,955 
5,375 
Creditors: amounts falling due within one year
(4,067)
(3,538)
Net current assets
1,888 
1,837 
Net assets
2,013 
2,004 
Capital and reserves
Called up share capital
2,000 
2,000 
Profit and loss account
13 
4 
Shareholders' funds
2,013 
2,004 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 November 2023 and were signed on its behalf by
Mr Atanas Petkov Director Company Registration No. 10422389
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EMF Inspections Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
EMF Inspections Limited is a private company, limited by shares, registered in England and Wales, registration number 10422389. The registered office is International House, 12 Constance Street, London, E16 2DQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balances
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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EMF Inspections Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
786 
At 31 March 2023
786 
Depreciation
At 1 April 2022
619 
Charge for the year
42 
At 31 March 2023
661 
Net book value
At 31 March 2023
125 
At 31 March 2022
167 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
629 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
927 
2,870 
Loans from directors
2,460 
18 
Accruals
680 
650 
4,067 
3,538 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £2 each
2,000 
2,000 
8
Transactions with related parties
Dividends totaling £3,900 ( 2022 - £1,330 ) were paid in the year in respect of shares held by director.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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