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REGISTERED NUMBER: 05861370 (England and Wales)















INDULGENCE WITH EMMA LIMITED

Unaudited Financial Statements for the Year Ended 30 June 2024






INDULGENCE WITH EMMA LIMITED (REGISTERED NUMBER: 05861370)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

INDULGENCE WITH EMMA LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mrs E Parkes





SECRETARY: N Parkes





REGISTERED OFFICE: 82a High Street
Albrighton
Wolverhampton
West Midlands
WV1 3JA





REGISTERED NUMBER: 05861370 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

INDULGENCE WITH EMMA LIMITED (REGISTERED NUMBER: 05861370)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,371 3,682
5,371 3,682

CURRENT ASSETS
Stocks 6,095 5,739
Debtors 6 3,764 3,684
Cash at bank and in hand 68,917 76,466
78,776 85,889
CREDITORS
Amounts falling due within one year 7 61,734 65,063
NET CURRENT ASSETS 17,042 20,826
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,413

24,508

PROVISIONS FOR LIABILITIES 8 1,343 920
NET ASSETS 21,070 23,588

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 21,069 23,587
SHAREHOLDERS' FUNDS 21,070 23,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

INDULGENCE WITH EMMA LIMITED (REGISTERED NUMBER: 05861370)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 September 2024 and were signed by:





Mrs E Parkes - Director


INDULGENCE WITH EMMA LIMITED (REGISTERED NUMBER: 05861370)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Indulgence With Emma Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sales made net of vat. Turnover is recognised when the service is provided or goods are physically received.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33.33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changes
recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


INDULGENCE WITH EMMA LIMITED (REGISTERED NUMBER: 05861370)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 105,000
AMORTISATION
At 1 July 2023
and 30 June 2024 105,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

INDULGENCE WITH EMMA LIMITED (REGISTERED NUMBER: 05861370)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 27,863 2,606 30,469
Additions 2,034 499 2,533
At 30 June 2024 29,897 3,105 33,002
DEPRECIATION
At 1 July 2023 24,181 2,606 26,787
Charge for year 816 28 844
At 30 June 2024 24,997 2,634 27,631
NET BOOK VALUE
At 30 June 2024 4,900 471 5,371
At 30 June 2023 3,682 - 3,682

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Rent Deposit 3,000 3,000
Prepayments & accrued income 764 684
3,764 3,684

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Social security and other taxes 15,219 17,693
Directors' current accounts 42,907 44,062
Accrued expenses 3,608 3,308
61,734 65,063

8. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 1,343 920

Deferred
tax
£   
Balance at 1 July 2023 920
Charge to Income Statement during year 423
Balance at 30 June 2024 1,343

INDULGENCE WITH EMMA LIMITED (REGISTERED NUMBER: 05861370)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained
earnings
£   

At 1 July 2023 23,587
Profit for the year 22,482
Dividends (25,000 )
At 30 June 2024 21,069

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is E. Parkes.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Indulgence With Emma Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Indulgence With Emma Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Indulgence With Emma Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Indulgence With Emma Limited and state those matters that we have agreed to state to the director of Indulgence With Emma Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Indulgence With Emma Limited and its director for our work or for this report.

It is your duty to ensure that Indulgence With Emma Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Indulgence With Emma Limited. You consider that Indulgence With Emma Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Indulgence With Emma Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


19 September 2024