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REGISTERED NUMBER: 09448962 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Emerson Survey and Valuation Limited

Emerson Survey and Valuation Limited (Registered number: 09448962)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Emerson Survey and Valuation Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr S J Emerson
Mrs A M Emerson
Mr C J Emerson





REGISTERED OFFICE: Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX





REGISTERED NUMBER: 09448962 (England and Wales)





ACCOUNTANTS: Asquith & Co Accountants Limited
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

Emerson Survey and Valuation Limited (Registered number: 09448962)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,686 1,811

CURRENT ASSETS
Debtors 5 250 352
Cash at bank 25,170 29,552
25,420 29,904
CREDITORS
Amounts falling due within one year 6 17,727 19,597
NET CURRENT ASSETS 7,693 10,307
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,379

12,118

CREDITORS
Amounts falling due after more than one
year

7

(32,960

)

(7,750

)

PROVISIONS FOR LIABILITIES (874 ) -
NET ASSETS 4,545 4,368

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,445 4,268
SHAREHOLDERS' FUNDS 4,545 4,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Emerson Survey and Valuation Limited (Registered number: 09448962)

Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:




Mr S J Emerson - Director



Mr C J Emerson - Director


Emerson Survey and Valuation Limited (Registered number: 09448962)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Emerson Survey and Valuation Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Emerson Survey and Valuation Limited (Registered number: 09448962)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 4,530
Additions 31,796
At 29 February 2024 36,326
DEPRECIATION
At 1 March 2023 2,719
Charge for year 2,921
At 29 February 2024 5,640
NET BOOK VALUE
At 29 February 2024 30,686
At 28 February 2023 1,811

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 31,796
At 29 February 2024 31,796
DEPRECIATION
Charge for year 2,650
At 29 February 2024 2,650
NET BOOK VALUE
At 29 February 2024 29,146

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 250 352

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 3,000 3,000
Hire purchase contracts 1,010 -
Taxation and social security 8,775 10,049
Other creditors 4,942 6,548
17,727 19,597

Emerson Survey and Valuation Limited (Registered number: 09448962)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 4,750 7,750
Hire purchase contracts 28,210 -
32,960 7,750