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REGISTERED NUMBER: 02816223 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

EMGE & Co Ltd

EMGE & Co Ltd (Registered number: 02816223)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EMGE & Co Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: P I J M Le Moine





REGISTERED OFFICE: Chirwyn
Quenchwell
Carnon Downs
Truro
Cornwall
TR3 6LN





REGISTERED NUMBER: 02816223 (England and Wales)





ACCOUNTANTS: Colin Truscott Accountancy Limited
9 Heron Close
Tresillian
Cornwall
TR2 4BH

EMGE & Co Ltd (Registered number: 02816223)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,736 9,299
4,736 9,299

CURRENT ASSETS
Debtors 6 340,028 335,608
Cash at bank and in hand 38,987 64,388
379,015 399,996
CREDITORS
Amounts falling due within one year 7 110,761 116,984
NET CURRENT ASSETS 268,254 283,012
TOTAL ASSETS LESS CURRENT
LIABILITIES

272,990

292,311

PROVISIONS FOR LIABILITIES 899 1,766
NET ASSETS 272,091 290,545

CAPITAL AND RESERVES
Called up share capital 450 450
Capital redemption reserve 50 50
Retained earnings 271,591 290,045
SHAREHOLDERS' FUNDS 272,091 290,545

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

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

EMGE & Co Ltd (Registered number: 02816223)

Balance Sheet - continued
31 December 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





P I J M Le Moine - Director


EMGE & Co Ltd (Registered number: 02816223)

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

1. STATUTORY INFORMATION

EMGE & Co 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be readily measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates Value Added Tax and other sales taxes.

Revenue from a contract to provide services is recognised in the period which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: the amount of revenue can be measured reliably; it is probable they the company will receive the consideration due under the contract; the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 50% on cost

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

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 profit and loss account.

EMGE & Co Ltd (Registered number: 02816223)

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

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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.

3. EMPLOYEES AND DIRECTORS

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

EMGE & Co Ltd (Registered number: 02816223)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 320,000
AMORTISATION
At 1 January 2023
and 31 December 2023 320,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 26,967
Additions 3,503
At 31 December 2023 30,470
DEPRECIATION
At 1 January 2023 17,668
Charge for year 8,066
At 31 December 2023 25,734
NET BOOK VALUE
At 31 December 2023 4,736
At 31 December 2022 9,299

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,930 34,610
Amounts owed by group undertakings 296,485 276,485
Other debtors 15,613 24,513
340,028 335,608

EMGE & Co Ltd (Registered number: 02816223)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included in Other Debtors is the Director's loan account of £5,081 (2022: £17,946). This will be repaid in full by 30 September 2024.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,512 3,429
Taxation and social security 12,053 22,791
Other creditors 97,196 90,764
110,761 116,984

8. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr P I J M Le Moine by virtue of his shareholding in EMGE Paper and Packaging Consultants Ltd.

The parent company of EMGE & Co Ltd is EMGE Paper and Packaging Consultants Ltd. and its registered office is Chirwyn Quenchwell, Carnon Downs, Truro, England TR3 6LN.