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REGISTERED NUMBER: 08814680 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

EMMEGI HEAT EXCHANGERS UK LIMITED

EMMEGI HEAT EXCHANGERS UK LIMITED (REGISTERED NUMBER: 08814680)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EMMEGI HEAT EXCHANGERS UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: P J H Drewitt
J J R Quigley





SECRETARY:





REGISTERED OFFICE: Unit 19c Coln Park
Andoversford Industrial Estate
CHELTENHAM
Gloucestershire
GL54 4HJ





REGISTERED NUMBER: 08814680 (England and Wales)





ACCOUNTANTS: Devereux & Co
2 Court Mews
268 London Road
Charlton Kings
Cheltenham
Gloucestershire
GL52 6HS

EMMEGI HEAT EXCHANGERS UK LIMITED (REGISTERED NUMBER: 08814680)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,715 28,114

CURRENT ASSETS
Stocks 557,020 419,676
Debtors 5 225,701 280,582
Cash at bank and in hand 246,709 175,891
1,029,430 876,149
CREDITORS
Amounts falling due within one year 6 890,986 741,104
NET CURRENT ASSETS 138,444 135,045
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,159

163,159

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 163,059 163,059
SHAREHOLDERS' FUNDS 163,159 163,159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 13 March 2024 and were signed on its behalf by:





P J H Drewitt - Director


EMMEGI HEAT EXCHANGERS UK LIMITED (REGISTERED NUMBER: 08814680)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Emmegi Heat Exchangers UK 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.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

EMMEGI HEAT EXCHANGERS UK LIMITED (REGISTERED NUMBER: 08814680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 7,502 51,491 58,993
Additions - 4,720 4,720
At 31 January 2024 7,502 56,211 63,713
DEPRECIATION
At 1 February 2023 7,502 23,377 30,879
Charge for year - 8,119 8,119
At 31 January 2024 7,502 31,496 38,998
NET BOOK VALUE
At 31 January 2024 - 24,715 24,715
At 31 January 2023 - 28,114 28,114

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 204,616 268,261
Other debtors 21,085 12,321
225,701 280,582

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 425,922 282,736
Taxation and social security 198,538 176,474
Other creditors 266,526 281,894
890,986 741,104

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £170,146 (2023 - £191,284) were paid to the directors .

8. ULTIMATE CONTROLLING PARTY

The controlling party is P J H Drewitt.