BrightAccountsProduction v1.0.0 v1.0.0 2022-12-01 The company was not dormant during the period The company was trading for the entire period The principal activity of the company is the provision of consultancy services within the aeronautical industry. 30 August 2024 NI062034 2023-11-30 NI062034 2022-11-30 NI062034 2021-11-30 NI062034 2022-12-01 2023-11-30 NI062034 2021-12-01 2022-11-30 NI062034 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 NI062034 uk-curr:PoundSterling 2022-12-01 2023-11-30 NI062034 uk-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 NI062034 uk-bus:FullAccounts 2022-12-01 2023-11-30 NI062034 uk-bus:Director1 2022-12-01 2023-11-30 NI062034 uk-bus:CompanySecretary1 2022-12-01 2023-11-30 NI062034 uk-bus:RegisteredOffice 2022-12-01 2023-11-30 NI062034 uk-bus:Agent1 2022-12-01 2023-11-30 NI062034 uk-bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 NI062034 uk-core:ShareCapital 2023-11-30 NI062034 uk-core:ShareCapital 2022-11-30 NI062034 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 NI062034 uk-core:RetainedEarningsAccumulatedLosses 2022-11-30 NI062034 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-11-30 NI062034 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-11-30 NI062034 uk-bus:FRS102 2022-12-01 2023-11-30 NI062034 uk-core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 NI062034 uk-core:WithinOneYear 2023-11-30 NI062034 uk-core:WithinOneYear 2022-11-30 NI062034 uk-core:OtherMiscellaneousReserve 2022-11-30 NI062034 uk-core:OtherMiscellaneousReserve 2022-12-01 2023-11-30 NI062034 uk-core:AcceleratedTaxDepreciationDeferredTax 2023-11-30 NI062034 uk-core:TaxLossesCarry-forwardsDeferredTax 2023-11-30 NI062034 uk-core:OtherDeferredTax 2023-11-30 NI062034 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2023-11-30 NI062034 uk-core:OtherMiscellaneousReserve 2023-11-30 NI062034 2022-12-01 2023-11-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI062034
 
 
EMG Analysis Limited
 
Unaudited Financial Statements
 
for the financial year ended 30 November 2023



EMG Analysis Limited
DIRECTOR AND OTHER INFORMATION

 
Director Eamonn Magee
 
 
Company Secretary Georgie Magee
 
 
Company Registration Number NI062034
 
 
Registered Office and Business Address 303 Whitewell Road
Newtownabbey
Co. Antrim
BT36 7RZ
 
 
Accountants Quarter
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
Belfast
BT1 1PG
 
 
Bankers AIB (NI) Ltd
  35 University Road
  Belfast
  BT7 1NH



EMG Analysis Limited

CHARTERED ACCOUNTANTS' REPORT
to the Director on the Compilation of the unaudited financial statements of EMG Analysis Limited
for the financial year ended 30 November 2023
 
In accordance with our engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 30 November 2023 as set out on pages  to 10 which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
 
This report is made solely to the director of EMG Analysis Limited, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Director that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its director for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the Statement of Financial Position for the year ended 30 November 2023 your duty to ensure that EMG Analysis Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of EMG Analysis Limited. You consider that EMG Analysis Limited is exempt from the statutory audit requirement for the financial year.
 
We have not been instructed to carry out an audit or a review of the financial statements of EMG Analysis Limited. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
 
 
 
__________________________________
QUARTER
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
Belfast
BT1 1PG
 
30 August 2024



EMG Analysis Limited
Company Registration Number: NI062034
STATEMENT OF FINANCIAL POSITION
as at 30 November 2023

2023 2022
Notes £ £
 
Non-Current Assets
Property, plant and equipment 4 8,181 8,682
───────── ─────────
 
Current Assets
Receivables 5 25,574 -
Cash and cash equivalents 14,851 12,465
───────── ─────────
40,425 12,465
───────── ─────────
Payables: amounts falling due within one year 6 (46,477) (18,874)
───────── ─────────
Net Current Liabilities (6,052) (6,409)
───────── ─────────
Total Assets less Current Liabilities 2,129 2,273
 
Provisions for liabilities 8 (2,045) (2,170)
───────── ─────────
Net Assets 84 103
═════════ ═════════
 
Equity
Called up share capital 20 20
Retained earnings 64 83
───────── ─────────
Equity attributable to owners of the company 84 103
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.
           
For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 30 August 2024
           
           
           
________________________________          
Eamonn Magee          
Director          
           



EMG Analysis Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 November 2023

   
1. General Information
 
EMG Analysis Limited is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 303 Whitewell Road, Newtownabbey, Co. Antrim, BT36 7RZ which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 November 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Revenue
Turnover represents the total invoice value, excluding value added tax, of goods supplied by the company.
The principal activity of the company is the provision of consultancy services within the aeronautical industry.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 20% reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other receivables
Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other payables
Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 2, (2022 -3).
 
  2023 2022
  Number Number
 
Admin - 1
Director 1 1
Secretary 1 1
  ───────── ─────────
  2 3
  ═════════ ═════════
       
4. Property, plant and equipment
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 December 2022 22,928 22,928
Additions 4,423 4,423
Disposals (13,872) (13,872)
  ───────── ─────────
At 30 November 2023 13,479 13,479
  ───────── ─────────
Depreciation
At 1 December 2022 14,246 14,246
Charge for the financial year 2,045 2,045
On disposals (10,993) (10,993)
  ───────── ─────────
At 30 November 2023 5,298 5,298
  ───────── ─────────
Carrying amount
At 30 November 2023 8,181 8,181
  ═════════ ═════════
At 30 November 2022 8,682 8,682
  ═════════ ═════════
       
5. Receivables 2023 2022
  £ £
 
Director's current account (Note 9) 25,574 -
  ═════════ ═════════
       
6. Payables 2023 2022
Amounts falling due within one year £ £
 
Trade payables - 420
Taxation  (Note 7) 46,017 17,941
Director's current account - 53
Accruals 460 460
  ───────── ─────────
  46,477 18,874
  ═════════ ═════════
       
7. Taxation 2023 2022
  £ £
 
Payables:
VAT 9,502 771
Corporation tax 36,515 17,170
  ───────── ─────────
  46,017 17,941
  ═════════ ═════════
         
8. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2023 2022
  £ £ £
 
At financial year start 2,170 2,170 1,680
Charged to profit and loss (125) (125) 490
  ───────── ───────── ─────────
At financial year end 2,045 2,045 2,170
  ═════════ ═════════ ═════════
   
9. Director's advances, credits and guarantees
 
As at 1 December 2022, the company owed the directors £53. During the year net transactions between the company and directors totalled £25,627. As at 30 November 2023, the company was owed £25,574 from the directors. This amount was repaid to the company post year end.