The Emergent Organisation Limited 03412542 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is Management consultancy services Digita Accounts Production Advanced 6.30.9574.0 true 03412542 2022-08-01 2023-07-31 03412542 2023-07-31 03412542 bus:OrdinaryShareClass1 bus:OtherShareType 2023-07-31 03412542 bus:Original 2023-07-31 03412542 core:CurrentFinancialInstruments 2023-07-31 03412542 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 03412542 core:MotorVehicles 2023-07-31 03412542 core:OfficeEquipment 2023-07-31 03412542 bus:SmallEntities 2022-08-01 2023-07-31 03412542 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 03412542 bus:FullAccounts 2022-08-01 2023-07-31 03412542 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 03412542 bus:RegisteredOffice 2022-08-01 2023-07-31 03412542 bus:Director1 2022-08-01 2023-07-31 03412542 bus:Director2 2022-08-01 2023-07-31 03412542 bus:OrdinaryShareClass1 bus:OtherShareType 2022-08-01 2023-07-31 03412542 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 03412542 core:MotorVehicles 2022-08-01 2023-07-31 03412542 core:OfficeEquipment 2022-08-01 2023-07-31 03412542 countries:EnglandWales 2022-08-01 2023-07-31 03412542 2022-07-31 03412542 core:MotorVehicles 2022-07-31 03412542 core:OfficeEquipment 2022-07-31 03412542 2021-08-01 2022-07-31 03412542 2022-07-31 03412542 bus:OrdinaryShareClass1 bus:OtherShareType 2022-07-31 03412542 core:CurrentFinancialInstruments 2022-07-31 03412542 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 03412542 core:MotorVehicles 2022-07-31 03412542 core:OfficeEquipment 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03412542

The Emergent Organisation Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

The Emergent Organisation Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

The Emergent Organisation Limited

Company Information

Directors

Ms E Wynne

Mr C Hay

Registered office

21 St Margaret's Road
Twickenham
TW1 2LN

Registered number

03412542

Accountants

Ripe LLP
Chartered Accountants
9A Burroughs Gardens
London
NW4 4AU

 

The Emergent Organisation Limited

(Registration number: 03412542)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

6,694

7,143

Current assets

 

Debtors

5

334

73,965

Cash at bank and in hand

 

59,755

27,067

 

60,089

101,032

Creditors: Amounts falling due within one year

6

(62,433)

(107,223)

Net current liabilities

 

(2,344)

(6,191)

Net assets

 

4,350

952

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

4,348

950

Shareholders' funds

 

4,350

952

 

The Emergent Organisation Limited

(Registration number: 03412542)
Balance Sheet as at 31 July 2023

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 February 2024 and signed on its behalf by:
 

.........................................
Ms E Wynne
Director

.........................................
Mr C Hay
Director

 

The Emergent Organisation Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

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

The address of its registered office is:
21 St Margaret's Road
Twickenham
TW1 2LN

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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' 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.

The financial statements are presented in Sterling (£) and figures are shown to the nearest whole pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

The Emergent Organisation Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

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:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Motor vehicles

25% reducing balance

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

The Emergent Organisation Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2022

32,378

23,133

55,511

Additions

1,782

-

1,782

At 31 July 2023

34,160

23,133

57,293

Depreciation

At 1 August 2022

26,971

21,397

48,368

Charge for the year

1,797

434

2,231

At 31 July 2023

28,768

21,831

50,599

Carrying amount

At 31 July 2023

5,392

1,302

6,694

At 31 July 2022

5,407

1,736

7,143

5

Debtors

Current

2023
£

2022
£

Prepayments

333

-

Other debtors

1

73,965

 

334

73,965

 

The Emergent Organisation Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

4,858

-

Taxation and social security

 

47,982

103,623

Accruals and deferred income

 

3,600

3,600

Other creditors

 

5,993

-

 

62,433

107,223

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

         

8

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

4,858

-

9

Dividends

   

2023

 

2022

   

£

 

£

Interim dividend of £13,000.00 (2022 - £87,500.00) per ordinary share

 

26,000

 

275,000

         

 

The Emergent Organisation Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

10

Related party transactions

Transactions with directors
At the balance sheet date, Company owed £5,425 to Emer Wynne whereas Emer Wynne owed £34,565 to the company in last year.

At the balance sheet date, Company owed £591 to Christopher Hay whereas Christopher Hay owed £39,399 to the company in last year.