Company Registration No. 09973917 (England and Wales)
EMSN LIMITED
Unaudited accounts
for the year ended 31 January 2023
EMSN LIMITED
Statement of financial position
as at 31 January 2023
Tangible assets
259,117
1,952
Cash at bank and in hand
590
36,048
Creditors: amounts falling due within one year
(256,427)
(17,421)
Net current (liabilities)/assets
(255,837)
18,627
Called up share capital
100
100
Profit and loss account
3,180
20,479
Shareholders' funds
3,280
20,579
For the year ending 31 January 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 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 of Directors and authorised for issue on 31 March 2024 and were signed on its behalf by
Mohammed Amar
Director
Company Registration No. 09973917
EMSN LIMITED
Notes to the Accounts
for the year ended 31 January 2023
EMSN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09973917. The registered office is 33 MANOR ROW, BRADFORD, BD1 4PS, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
3 Years
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.
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.
EMSN LIMITED
Notes to the Accounts
for the year ended 31 January 2023
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Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2022
-
1,952
1,952
Additions
264,405
-
264,405
At 31 January 2023
264,405
1,952
266,357
Charge for the year
5,288
-
5,288
On disposals
-
1,952
1,952
At 31 January 2023
5,288
1,952
7,240
At 31 January 2023
259,117
-
259,117
At 31 January 2022
-
1,952
1,952
The 2023 valuations were made by the director, on an open market value for existing use basis.
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
77,601
-
Loans from directors
177,326
17,421
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).