Emgee Couriers Limited Filleted Accounts Cover
Emgee Couriers Limited
Company No. 07525597
Information for Filing with The Registrar
28 February 2023
Emgee Couriers Limited Directors Report Registrar
The Director presents his report and the accounts for the year ended 28 February 2023.
Principal activities
The principal activity of the company during the year under review was the provision of courier services.
Director
The Director who served at any time during the year was as follows:
G. McGhie
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
G. McGhie
Director
03 November 2023
Emgee Couriers Limited Balance Sheet Registrar
at
28 February 2023
Company No.
07525597
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
2241,515
2241,515
Current assets
Debtors
5
21,92616,961
Cash at bank and in hand
1,6041,353
23,53018,314
Creditors: Amount falling due within one year
6
(11,382)
(9,192)
Net current assets
12,1489,122
Total assets less current liabilities
12,37210,637
Creditors: Amounts falling due after more than one year
7
(7,442)
(10,025)
Provisions for liabilities
Deferred taxation
(43)
(288)
Net assets
4,887324
Capital and reserves
Called up share capital
100100
Profit and loss account
9
4,787224
Total equity
4,887324
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 28 February 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 03 November 2023
And signed on its behalf by:
G. McGhie
Director
03 November 2023
Emgee Couriers Limited Notes to the Accounts Registrar
for the year ended 28 February 2023
1
General information
Its registered number is: 07525597
Its registered office is:
142 Romford Road
Aveley
South Ockendon
RM15 4PJ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer rebates and other similar allowances.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Motor vehicles
25% Straight line
Furniture, fittings and equipment
25% Straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Tangible fixed assets
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 March 2022
7,6251,8609,485
At 28 February 2023
7,6251,8609,485
Depreciation
At 1 March 2022
6,6721,2987,970
Charge for the year
9533381,291
At 28 February 2023
7,6251,6369,261
Net book values
At 28 February 2023
-224224
At 28 February 2022
953
562
1,515
5
Debtors
2023
2022
£
£
Trade debtors
8,9044,569
Corporation tax recoverable
1,8131,813
Loans to directors
11,20910,579
21,92616,961
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
2,5832,519
Taxes and social security
8,151
6,025
Accruals and deferred income
648648
11,3829,192
7
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
7,44210,025
7,44210,025
8
Share Capital
The issued share capital, allotted and fully paid, comprises 100 Ordinary shares of £1 each.
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
10
Advances and credits to directors
2023
£
At 1 March 2022
10,579
Advanced in the period
5,630
Amounts repaid in the period
5,000
At 28 February 2023
11,209
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