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Company Registration No. 10334748 (England and Wales)
Emolice Ltd Unaudited accounts for the year ended 31 December 2023
Emolice Ltd Unaudited accounts Contents
Page
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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
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Emolice Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,183 
2,238 
Current assets
Inventories
104,581 
146,174 
Debtors
114,267 
88,935 
Cash at bank and in hand
18,086 
79,012 
236,934 
314,121 
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)
Net assets
68,308 
108,857 
Capital and reserves
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
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Emolice Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
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 £.
Presentation currency
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
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
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.
Pension costs
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.
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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 
Depreciation
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 
Net book value
At 31 December 2023
177 
1,006 
1,183 
At 31 December 2022
325 
1,913 
2,238 
5
Inventories
2023 
2022 
£ 
£ 
Finished goods
104,581 
146,174 
104,581 
146,174 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
108,533 
82,559 
Accrued income and prepayments
2,634 
3,376 
Other debtors
3,100 
3,000 
114,267 
88,935 
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 
Other creditors
2,367 
978 
Loans from directors
2,760 
2,136 
Accruals
1,900 
1,910 
155,642 
183,335 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,167 
24,167 
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Emolice Ltd Notes to the Accounts for the year ended 31 December 2023
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
50 A Ordinary of £1 each
50 
50 
50 B Ordinary of £1 each
50 
50 
100 
100 
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 
- 
49,883 
12,164 
11
Average number of employees
During the year the average number of employees was 10 (2022: 11).
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