32
31/07/2023
2023-07-31
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No description of principal activities is disclosed
2022-08-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
04471702
2022-08-01
2023-07-31
04471702
2023-07-31
04471702
2022-07-31
04471702
2021-08-01
2022-07-31
04471702
2022-07-31
04471702
core:NetGoodwill
2022-08-01
2023-07-31
04471702
bus:Director2
2022-08-01
2023-07-31
04471702
core:WithinOneYear
2023-07-31
04471702
core:WithinOneYear
2022-07-31
04471702
core:AfterOneYear
2023-07-31
04471702
core:AfterOneYear
2022-07-31
04471702
core:ShareCapital
2023-07-31
04471702
core:ShareCapital
2022-07-31
04471702
core:RetainedEarningsAccumulatedLosses
2023-07-31
04471702
core:RetainedEarningsAccumulatedLosses
2022-07-31
04471702
core:BetweenOneFiveYears
2023-07-31
04471702
core:BetweenOneFiveYears
2022-07-31
04471702
bus:SmallEntities
2022-08-01
2023-07-31
04471702
bus:AuditExempt-NoAccountantsReport
2022-08-01
2023-07-31
04471702
bus:AbridgedAccounts
2022-08-01
2023-07-31
04471702
bus:SmallCompaniesRegimeForAccounts
2022-08-01
2023-07-31
04471702
bus:PrivateLimitedCompanyLtd
2022-08-01
2023-07-31
04471702
core:LandBuildings
core:ShortLeaseholdAssets
2022-08-01
2023-07-31
04471702
core:FurnitureFittingsToolsEquipment
2022-08-01
2023-07-31
Company registration number:
04471702
Emery Planning Partnership Limited
Unaudited filleted abridged financial statements
31 July 2023
Emery Planning Partnership Limited
Contents
Abridged statement of financial position
Notes to the financial statements
Emery Planning Partnership Limited
Abridged statement of financial position
31 July 2023
|
|
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2023 |
|
|
|
2022 |
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|
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|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Intangible assets |
|
5 |
- |
|
|
|
- |
|
|
Tangible assets |
|
6 |
31,271 |
|
|
|
35,624 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
31,271 |
|
|
|
35,624 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors |
|
|
1,524,033 |
|
|
|
1,259,839 |
|
|
Cash at bank and in hand |
|
|
433,860 |
|
|
|
468,005 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
1,957,893 |
|
|
|
1,727,844 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
|
(
1,763,747) |
|
|
|
(
1,498,009) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
194,146 |
|
|
|
229,835 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
225,417 |
|
|
|
265,459 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
|
|
|
(
94,112) |
|
|
|
(
142,044) |
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
|
(
4,373) |
|
|
|
(
2,265) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
126,932 |
|
|
|
121,150 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
1,111 |
|
|
|
1,111 |
Profit and loss account |
|
|
|
|
125,821 |
|
|
|
120,039 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
126,932 |
|
|
|
121,150 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
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|
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|
For the 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the
board of directors
and authorised for issue on
19 February 2024
, and are signed on behalf of the board by:
Mr S A Harris
Director
Company registration number:
04471702
Emery Planning Partnership Limited
Notes to the financial statements
Year ended 31 July 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2-4 South Park Court, Hobson Street, Macclesfield, Cheshire, SK11 8BS.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. There were no material departures from the standard.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. There have been no modifications to fair value basis.The presentation currency is £ sterling.
Turnover and revenue recognition
Contractual obligations to clients are performed over time and revenue is recognised as contract activity progresses. The amount of turnover reflects the accrual of the right to consideration as contract activity progresses by reference to the value of the work performed in the financial year. The amount is stated net of value added tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is charged/(credited) in the Statement of Income and Retained Earnings.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is provided on the liability method in respect of all timing differences between the treatment of certain items in the Accounts and their treatment for tax purposes at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and are expected to apply to the reversal of the timing difference
.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
|
|
|
Goodwill |
- |
10% % |
straight line |
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Leasehod properties |
- |
Straight line over the life of the lease |
|
|
Fittings fixtures and equipment |
- |
Computer and electrical equipment - 25% per annum on cost; Other - 15% per annum on net book value |
|
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Hire purchase and finance leases
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably Where material, provisions are calculated on a discounted basis.
Financial instruments
The following assets are classified as financial instruments - trade debtors, trade creditors, cash and bank accounts, and directors' loans. Cash and bank accounts are recorded at the amounts held on the reporting date. Trade creditors, trade debtors and directors' loans (being repayable on demand) are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. These particular assets are assessed at the end of each reporting period for objective evidence of impairment. If this is found to exist, an impairment loss is charged to the Statement of Income and Retained Earnings.
Employee benefits
Short-term employee benefits, including holiday pay, are recognised as an expense in the Statement of comprehensive income in the period in which they are incurred.The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable for the period by the company to the fund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
32
(2022:
31
).
5.
Intangible assets
|
|
|
|
|
|
|
|
|
|
£ |
|
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 August 2022 and 31 July 2023 |
400,000 |
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At 1 August 2022 and 31 July 2023 |
400,000 |
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 July 2023 |
- |
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
At 31 July 2022 |
- |
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.
Tangible assets
|
|
|
|
|
|
|
|
|
|
|
£ |
|
|
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 August 2022 |
440,134 |
|
|
|
|
|
|
|
Additions |
11,460 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
At 31 July 2023 |
451,594 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 August 2022 |
404,510 |
|
|
|
|
|
|
|
Charge for the year |
15,813 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
At 31 July 2023 |
420,323 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 July 2023 |
31,271 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
At 31 July 2022 |
35,624 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7.
Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
|
|
|
£ |
£ |
|
|
|
Not later than 1 year |
58,784 |
58,694 |
Later than 1 year and not later than 5 years |
28,597 |
85,791 |
|
_______ |
_______ |
|
87,381 |
144,485 |
|
_______ |
_______ |
|
|
|
8.
Directors advances, credits and guarantees
During the year certain directors were in receipt of advances from the company which were interest free, repayable on demand and are classed under other debtors. The balances outstanding at the beginning of the year were £5,000 (2022- £8,500). Advances made during the year were £15,000 (2022-£5,000). Amounts repaid were £5,000 (2022-£8,500). The balances outstanding at the end of the year were £15,000 (2022-£5,000).