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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
Page
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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
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Emolice Group Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,848 
13,012 
Current assets
Inventories
1,371 
556 
Debtors
9,313 
15,458 
Cash at bank and in hand
3,112 
6,003 
13,796 
22,017 
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)
Net assets
6,886 
25,228 
Capital and reserves
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
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Emolice Group Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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:
Plant & machinery
25% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
33.33% 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.
Debtors
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.
Creditors
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.
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Emolice Group Ltd Notes to the Accounts for the year ended 31 December 2023
Deferred taxation
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.
4
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 
Depreciation
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 
Net book value
At 31 December 2023
5,324 
946 
578 
6,848 
At 31 December 2022
9,995 
1,742 
1,275 
13,012 
5
Inventories
2023 
2022 
£ 
£ 
Finished goods
1,371 
556 
1,371 
556 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
61 
2,164 
Trade debtors
2,515 
6,607 
Accrued income and prepayments
3,637 
3,587 
Other debtors
3,100 
3,100 
9,313 
15,458 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
7,262 
4,888 
Taxes and social security
3,425 
401 
Accruals
1,360 
1,260 
12,047 
6,549 
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Emolice Group Ltd Notes to the Accounts for the year ended 31 December 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
50 Ordinary A of £1 each
50 
50 
50 Ordinary B of £1 each
50 
50 
100 
100 
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 
45,439 
13,000 
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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