Company No:
Contents
Note | 30.11.2023 | 31.05.2022 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
|
|
|
0 | 2,830 | |||
Current assets | ||||
Debtors | 4 |
|
|
|
Cash at bank and in hand |
|
|
||
6,918 | 14,349 | |||
Creditors: amounts falling due within one year | 5 | (
|
(
|
|
Net current (liabilities)/assets | (1,510) | 7,802 | ||
Total assets less current liabilities | (1,510) | 10,632 | ||
Creditors: amounts falling due after more than one year | 6 | (
|
(
|
|
Net liabilities | (
|
(
|
||
Capital and reserves | ||||
Called-up share capital | 7 |
|
|
|
Profit and loss account | (
|
(
|
||
Total shareholder's deficit | (
|
(
|
Director's responsibilities:
The financial statements of Emerson Osmond Consulting Ltd (registered number:
Mr Emerson Osmond
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.
Emerson Osmond Consulting Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is , United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The Company has adopted FRS 102 for the period ended 30 November 2023, with the date of transition being 1 June 2021. There are no transitional adjustments.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
In the prior year the director ceased to trade through this company. As a result the financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements any provision for future costs of terminating the business, which were committed to at the balance sheet date and where appropriate the Company's assets have been written down to their net realisable value.
The reporting period has been extended to 18 months and as such the prior year figures are not directly comparable.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Computer equipment |
|
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Period from 01.06.2022 to 30.11.2023 |
Year ended 31.05.2022 |
||
Number | Number | ||
Monthly average number of persons employed by the Company during the period, including the director |
|
|
Computer equipment | Total | ||
£ | £ | ||
Cost | |||
At 01 June 2022 |
|
|
|
At 30 November 2023 |
|
|
|
Accumulated depreciation | |||
At 01 June 2022 |
|
|
|
Charge for the financial period |
|
|
|
Impairment losses |
|
|
|
At 30 November 2023 |
|
|
|
Net book value | |||
At 30 November 2023 |
|
|
|
At 31 May 2022 |
|
|
30.11.2023 | 31.05.2022 | ||
£ | £ | ||
Trade debtors |
|
|
|
Amounts owed by director |
|
|
|
|
|
30.11.2023 | 31.05.2022 | ||
£ | £ | ||
Bank loans |
|
|
|
Taxation and social security |
|
|
|
Other creditors |
|
|
|
|
|
30.11.2023 | 31.05.2022 | ||
£ | £ | ||
Bank loans |
|
|
30.11.2023 | 31.05.2022 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
|
|
|
Transactions with the entity's director
30.11.2023 | 31.05.2022 | ||
£ | £ | ||
Amounts owed to directors | 2,857 | (174) |
Amounts owed to directors are interest free and repayable on demand.