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REGISTERED NUMBER: 02742476 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 August 2023

for

E.E.M.I.T.S. Communications Limited

E.E.M.I.T.S. Communications Limited (Registered number: 02742476)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E.E.M.I.T.S. Communications Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: C J Matthews
M Matthews
J L Matthews
P M Matthews





SECRETARY: M Matthews





REGISTERED OFFICE: Brignell Road
Riverside Park
MIDDLESBROUGH
TS2 1PS





REGISTERED NUMBER: 02742476 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

E.E.M.I.T.S. Communications Limited (Registered number: 02742476)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16 5,361
Tangible assets 5 293,523 315,670
293,539 321,031

CURRENT ASSETS
Stocks 6 101,764 94,573
Debtors 7 734,251 663,346
Cash at bank and in hand 397,812 654,964
1,233,827 1,412,883
CREDITORS
Amounts falling due within one year 8 660,506 848,201
NET CURRENT ASSETS 573,321 564,682
TOTAL ASSETS LESS CURRENT
LIABILITIES

866,860

885,713

PROVISIONS FOR LIABILITIES 10 68,364 60,059
NET ASSETS 798,496 825,654

CAPITAL AND RESERVES
Called up share capital 11 10,300 10,300
Capital redemption reserve 9,700 9,700
Retained earnings 778,496 805,654
SHAREHOLDERS' FUNDS 798,496 825,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

E.E.M.I.T.S. Communications Limited (Registered number: 02742476)

Balance Sheet - continued
31 August 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2024 and were signed on its behalf by:





C J Matthews - Director


E.E.M.I.T.S. Communications Limited (Registered number: 02742476)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

E.E.M.I.T.S. Communications 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Income recognition
Income is recognised when a contract for the sale of goods is determined as unconditional.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the trunk radio system has been fully amortised.

Intangible fixed assets
Amortisation is provided on intangible fixed assets at rates calculated to write off the cost of each asset on a straight line basis over its expected useful life, as follows:

Computer software - 5 years

Tangible fixed assets
Tangible fixed assets are measured at cost (or deemed cost) less accumulated depreciation and any accumulated impairment losses.

Fixtures and fittings-20% on reducing balance
Motor vehicles-20% on reducing balance
Radio & computer equipment-20% on reducing balance

Stocks
Stocks are valued at the lower of cost and selling price less estimated costs to sell.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

E.E.M.I.T.S. Communications Limited (Registered number: 02742476)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

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.

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 17 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 3,000 13,944 16,944
AMORTISATION
At 1 September 2022 3,000 8,583 11,583
Amortisation for year - 5,345 5,345
At 31 August 2023 3,000 13,928 16,928
NET BOOK VALUE
At 31 August 2023 - 16 16
At 31 August 2022 - 5,361 5,361

E.E.M.I.T.S. Communications Limited (Registered number: 02742476)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. TANGIBLE FIXED ASSETS
Fixtures Radio &
and Motor computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 34,003 35,382 1,957,148 2,026,533
Additions - - 128,397 128,397
Disposals - - (1,129,409 ) (1,129,409 )
At 31 August 2023 34,003 35,382 956,136 1,025,521
DEPRECIATION
At 1 September 2022 30,212 28,257 1,652,394 1,710,863
Charge for year 758 1,425 148,361 150,544
Eliminated on disposal - - (1,129,409 ) (1,129,409 )
At 31 August 2023 30,970 29,682 671,346 731,998
NET BOOK VALUE
At 31 August 2023 3,033 5,700 284,790 293,523
At 31 August 2022 3,791 7,125 304,754 315,670

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

6. STOCKS
2023 2022
£    £   
Finished goods 101,764 94,573

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 436,264 359,095
Amounts owed by group undertakings 250,000 250,000
Other debtors 29 515
Prepayments and accrued income 47,958 53,736
734,251 663,346

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 150,014 229,930
Taxation and social security 254,749 239,582
Other creditors 7,914 8,101
Accruals and deferred income 247,829 370,588
660,506 848,201

E.E.M.I.T.S. Communications Limited (Registered number: 02742476)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 39,500 -
Between one and five years 118,500 -
In more than five years 184,333 -
342,333 -

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 68,364 60,059

Deferred
tax
£   
Balance at 1 September 2022 60,059
Accelerated capital allowances 8,305
Balance at 31 August 2023 68,364

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,200 Ordinary £1 10,200 10,200
100 A Ordinary £1 100 100
10,300 10,300

12. POST BALANCE SHEET EVENTS

A customer of E.E.M.I.T.S Communications Limited have contracts with a holiday park. Since the year end the customer have lost this contract, equipment that was on hire to the customer is now unlikely to be recovered as the equipment is situated at a number of sites scattered across the country. The value of this lost equipment is around £35,000.