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REGISTERED NUMBER: 07034273 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

EMKA PROFILES LIMITED

EMKA PROFILES LIMITED (REGISTERED NUMBER: 07034273)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


EMKA PROFILES LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: R Grice
J A Miguel Alonso





REGISTERED OFFICE: Unit 31
Fort Industrial Park
Castle Bromwich
Birmingham
West Midlands
B35 7AR





REGISTERED NUMBER: 07034273 (England and Wales)





AUDITORS: Harrison Beale & Owen Limited
Chartered Accountants and Statutory Auditors
Seven Stars House
1 Wheler Road
Coventry
CV3 4LB

EMKA PROFILES LIMITED (REGISTERED NUMBER: 07034273)

ABRIDGED BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 177,276 178,601
177,276 178,601

CURRENT ASSETS
Stocks 423,444 402,456
Debtors 1,983,357 2,230,124
Cash at bank and in hand 23,853 78,053
2,430,654 2,710,633
CREDITORS
Amounts falling due within one year 453,235 532,405
NET CURRENT ASSETS 1,977,419 2,178,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,154,695

2,356,829

PROVISIONS FOR LIABILITIES - 31,659
NET ASSETS 2,154,695 2,325,170

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 2,054,695 2,225,170
SHAREHOLDERS' FUNDS 2,154,695 2,325,170

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 January 2024 and were signed on its behalf by:





R Grice - Director


EMKA PROFILES LIMITED (REGISTERED NUMBER: 07034273)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Emka Profiles 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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT. Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on despatch of the goods.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of nine years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Leasehold improvements - Straight line over 8 years
Plant and machinery - Straight line over 10 years and Straight line over 8 years
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase and other costs incurred in bringing stock to its present location and condition.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

EMKA PROFILES LIMITED (REGISTERED NUMBER: 07034273)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Financial instruments
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

Exceptional items
Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 32 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 46,904
AMORTISATION
At 1 January 2023
and 31 December 2023 46,904
NET BOOK VALUE

At 31 December 2023 -
At 31 December 2022 -

EMKA PROFILES LIMITED (REGISTERED NUMBER: 07034273)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 777,519
Additions 41,488
At 31 December 2023 819,007
DEPRECIATION
At 1 January 2023 598,918
Charge for year 42,813
At 31 December 2023 641,731
NET BOOK VALUE
At 31 December 2023 177,276
At 31 December 2022 178,601

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 188,314 190,724
Between one and five years 298,140 486,454
486,454 677,178

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Gregg Olner MPhil BA (Hons) FCA (Senior Statutory Auditor)
for and on behalf of Harrison Beale & Owen Limited

8. PENSION COMMITMENTS

During the year the company made pension contributions to a defined contribution scheme amounting to £27,741 (2022: £26,517).

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

EMKA PROFILES LIMITED (REGISTERED NUMBER: 07034273)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

10. ULTIMATE CONTROLLING PARTY

EMKA Beschlagteile GmbH & Co. KG (incorporated in Germany) is regarded by the directors as being the company's ultimate parent company and is the only company for which financial statements are drawn up that consolidate this company. These group accounts are available to the public from:-

Langenberger Strasse. 32
42551 Velbert
Germany

11. CONTROL

The company is ultimately controlled by the Runge family who own 100% of the issued share capital of EMKA Beschlagteile GmbH & Co. KG.