Company Registration No. 10334748 (England and Wales)
Emolice Ltd
Unaudited accounts
for the year ended 31 December 2023
Emolice Ltd
Unaudited accounts
Contents
Emolice Ltd
Company Information
for the year ended 31 December 2023
Directors
Mr D Parsley
Mr J Tinsley
Company Number
10334748 (England and Wales)
Registered Office
2a Achilles House Calleva Park
Aldermaston
Reading
England
RG7 8RN
Accountants
Wellden Turnbull Limited
Albany House
Claremont Lane
Esher
Surrey
KT10 9FQ
Emolice Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
1,183
2,238
Inventories
104,581
146,174
Cash at bank and in hand
18,086
79,012
Creditors: amounts falling due within one year
(155,642)
(183,335)
Net current assets
81,292
130,786
Total assets less current liabilities
82,475
133,024
Creditors: amounts falling due after more than one year
(14,167)
(24,167)
Called up share capital
100
100
Profit and loss account
68,208
108,757
Shareholders' funds
68,308
108,857
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. 10334748
Emolice Ltd
Notes to the Accounts
for the year ended 31 December 2023
Emolice Ltd is a private company, limited by shares, registered in England and Wales, registration number 10334748. The registered office is 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. 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:
Fixtures & fittings
25% straight line
Computer equipment
25% 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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Emolice Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
593
3,628
4,221
At 31 December 2023
593
3,628
4,221
At 1 January 2023
268
1,715
1,983
Charge for the year
148
907
1,055
At 31 December 2023
416
2,622
3,038
At 31 December 2023
177
1,006
1,183
At 31 December 2022
325
1,913
2,238
Finished goods
104,581
146,174
Amounts falling due within one year
Trade debtors
108,533
82,559
Accrued income and prepayments
2,634
3,376
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Trade creditors
88,895
112,495
Taxes and social security
49,720
55,816
Loans from directors
2,760
2,136
8
Creditors: amounts falling due after more than one year
2023
2022
Emolice Ltd
Notes to the Accounts
for the year ended 31 December 2023
Allotted, called up and fully paid:
50 A Ordinary of £1 each
50
50
50 B Ordinary of £1 each
50
50
10
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
14,830
12,164
Later than one year and not later than five years
35,053
-
11
Average number of employees
During the year the average number of employees was 10 (2022: 11).