Company Registration No. 12588502 (England and Wales)
Emolice Group Ltd
Unaudited accounts
for the year ended 31 December 2023
Emolice Group Ltd
Unaudited accounts
Contents
Emolice Group Ltd
Company Information
for the year ended 31 December 2023
Directors
Mr D Parsley
Mr J Tinsley
Company Number
12588502 (England and Wales)
Registered Office
Unit 2a Achilles House, Calleva Park
Aldermaston
Reading
England
RG7 8RN
Accountants
Wellden Turnbull Limited
Albany House
Claremont Lane
Esher
Surrey
KT10 9FQ
Emolice Group Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
6,848
13,012
Cash at bank and in hand
3,112
6,003
Creditors: amounts falling due within one year
(12,047)
(6,549)
Net current assets
1,749
15,468
Total assets less current liabilities
8,597
28,480
Provisions for liabilities
Deferred tax
(1,711)
(3,252)
Called up share capital
100
100
Profit and loss account
6,786
25,128
Shareholders' funds
6,886
25,228
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 directors acknowledge their 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 of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by
Mr D Parsley
Director
Company Registration No. 12588502
Emolice Group Ltd
Notes to the Accounts
for the year ended 31 December 2023
Emolice Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 12588502. The registered office is Unit 2a Achilles House, Calleva Park, Aldermaston, Reading, England, RG7 8RN.
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 financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The financial statements have been rounded to the nearest £.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
33.33% Straight Line
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.
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.
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any
impairment.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Emolice Group Ltd
Notes to the Accounts
for the year ended 31 December 2023
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
18,682
3,182
2,406
24,270
At 31 December 2023
18,682
3,182
2,406
24,270
At 1 January 2023
8,687
1,440
1,131
11,258
Charge for the year
4,671
796
697
6,164
At 31 December 2023
13,358
2,236
1,828
17,422
At 31 December 2023
5,324
946
578
6,848
At 31 December 2022
9,995
1,742
1,275
13,012
Amounts falling due within one year
Accrued income and prepayments
3,637
3,587
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
7,262
4,888
Taxes and social security
3,425
401
Emolice Group Ltd
Notes to the Accounts
for the year ended 31 December 2023
Allotted, called up and fully paid:
50 Ordinary A of £1 each
50
50
50 Ordinary B of £1 each
50
50
9
Operating lease commitments
2023
2022
At 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
15,579
10,500
Later than one year and not later than five years
29,860
2,500
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).