Company Registration No. 12372562 (England and Wales)
Ems & K Limited
Unaudited accounts
for the year ended 31 December 2023
Ems & K Limited
Unaudited accounts
Contents
Ems & K Limited
Company Information
for the year ended 31 December 2023
Company Number
12372562 (England and Wales)
Registered Office
95 Cross Road
Mawneys
Romford
RM7 8DX
England
Accountants
AISHA & CO ACCOUNTANTS LTD
Ems & K Limited
Statement of financial position
as at 31 December 2023
Tangible assets
27,004
12,544
Cash at bank and in hand
8,612
75,692
Creditors: amounts falling due within one year
(43,335)
(66,123)
Net current assets
156
56,279
Called up share capital
100
100
Profit and loss account
27,060
68,723
Shareholders' funds
27,160
68,823
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 August 2024 and were signed on its behalf by
SINGH, Surjeet
Director
Company Registration No. 12372562
Ems & K Limited
Notes to the Accounts
for the year ended 31 December 2023
Ems & K Limited is a private company, limited by shares, registered in England and Wales, registration number 12372562. The registered office is 95 Cross Road, Mawneys, Romford, RM7 8DX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
-
12,544
-
12,544
Additions
8,700
8,260
3,000
19,960
At 31 December 2023
8,700
20,804
3,000
32,504
Charge for the year
1,200
4,300
-
5,500
At 31 December 2023
1,200
4,300
-
5,500
At 31 December 2023
7,500
16,504
3,000
27,004
At 31 December 2022
-
12,544
-
12,544
Ems & K Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
16,250
17,650
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
15,650
18,247
Taxes and social security
-
14,855
Loans from directors
27,685
32,481
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).