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REGISTERED NUMBER: 06734637 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Emisphere Ltd

Emisphere Ltd (Registered number: 06734637)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Emisphere Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr E I Radan





SECRETARY: Mrs A A Radan





REGISTERED OFFICE: 14 Chestnut Drive
Harrow
Middlesex
HA3 7DJ





REGISTERED NUMBER: 06734637 (England and Wales)





ACCOUNTANTS: E Johnson & Associates
Chartered Certified Accountants
637 Green Lanes
London
N8 0RE

Emisphere Ltd (Registered number: 06734637)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,636 31,251

CURRENT ASSETS
Stocks 5 14,195 34,930
Debtors 6 379,204 447,341
Cash at bank 175,410 67,092
568,809 549,363
CREDITORS
Amounts falling due within one
year

7

233,813

219,978
NET CURRENT ASSETS 334,996 329,385
TOTAL ASSETS LESS CURRENT
LIABILITIES

377,632

360,636

CREDITORS
Amounts falling due after more
than one year

8

-

7,343
NET ASSETS 377,632 353,293

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 377,532 353,193
SHAREHOLDERS' FUNDS 377,632 353,293

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Emisphere Ltd (Registered number: 06734637)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





Mr E I Radan - Director


Emisphere Ltd (Registered number: 06734637)

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

1. STATUTORY INFORMATION

Emisphere Ltd 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their 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.

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.

Emisphere Ltd (Registered number: 06734637)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 5,814 76,486 3,774 86,074
Additions - 24,222 1,374 25,596
At 31 October 2023 5,814 100,708 5,148 111,670
DEPRECIATION
At 1 November 2022 4,556 48,050 2,217 54,823
Charge for year 314 13,164 733 14,211
At 31 October 2023 4,870 61,214 2,950 69,034
NET BOOK VALUE
At 31 October 2023 944 39,494 2,198 42,636
At 31 October 2022 1,258 28,436 1,557 31,251

5. STOCKS
31.10.23 31.10.22
£    £   
Work-in-progress 14,195 34,930

6. DEBTORS
31.10.23 31.10.22
£    £   
Amounts falling due within one year:
Trade debtors 40,429 70,042
Other debtors 68,775 92,299
109,204 162,341

Amounts falling due after more than one year:
Other debtors 270,000 285,000

Aggregate amounts 379,204 447,341

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 7,910 11,775
Trade creditors 117,080 91,498
Taxation and social security 67,394 116,249
Other creditors 41,429 456
233,813 219,978

Emisphere Ltd (Registered number: 06734637)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts - 7,343

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 November 2022 353,193
Profit for the year 155,739
Dividends (131,400 )
At 31 October 2023 377,532

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £65,700 (2022 - £47,300) were paid to the director .

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr E I Radan.

By virtue of being the sole director of the company and controls 50% of the ordinary share capital of the company.