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Registered number: 09774674










EMERDIS SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023



 
EMERDIS SERVICES LIMITED
REGISTERED NUMBER: 09774674

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

31 December
31 March
2023
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
376
560

  
376
560

Current assets
  

Stocks
  
71,704
24,555

Debtors: amounts falling due within one year
 5 
121,498
40,875

Cash at bank and in hand
  
6,755
510

  
199,957
65,940

Creditors: amounts falling due within one year
 6 
(184,371)
(177,984)

Net current assets/(liabilities)
  
 
 
15,586
 
 
(112,044)

Total assets less current liabilities
  
15,962
(111,484)

Creditors: amounts falling due after more than one year
 7 
(5,106)
(7,647)

  

Net assets/(liabilities)
  
10,856
(119,131)


Capital and reserves
  

Called up share capital 
  
185
185

Share premium account
  
92,881
92,881

Profit and loss account
  
(82,210)
(212,197)

  
10,856
(119,131)


Page 1

 
EMERDIS SERVICES LIMITED
REGISTERED NUMBER: 09774674
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 September 2024.




R K Mathur
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
EMERDIS SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The presentational currency of the Company is GBP

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
1.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
1.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
EMERDIS SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.Accounting policies (continued)


1.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following methods.

Depreciation is provided on the following basis:

Plant and machinery
-
33%
Reducing balance
Office equipment
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
1.7

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.

 
1.8

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.


2.


General information

Emerdis Services Limited is a private company, limited by shares and incorporated in England.
Its registered number is: 09774674
Its Registered Office is: 
Invision House
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

Page 4

 
EMERDIS SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2023 - 1).


4.


Tangible fixed assets







Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
4,602
1,736
6,338



At 31 December 2023

4,602
1,736
6,338



Depreciation


At 1 April 2023
4,186
1,592
5,778


Charge for the period on owned assets
137
47
184



At 31 December 2023

4,323
1,639
5,962



Net book value



At 31 December 2023
279
97
376



At 31 March 2023
416
144
560

Page 5

 
EMERDIS SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Debtors

31 December
31 March
2023
2023
£
£


Trade debtors
117,335
36,356

Other debtors
4,163
4,519

121,498
40,875



6.


Creditors: Amounts falling due within one year

31 December
31 March
2023
2023
£
£

Bank loans
3,415
3,415

Trade creditors
22,508
21,311

Amounts owed to related parties
18,091
18,091

Other creditors
93,188
133,742

Accruals and deferred income
47,169
1,425

184,371
177,984



7.


Creditors: Amounts falling due after more than one year

31 December
31 March
2023
2023
£
£

Bank loans
5,106
7,647

5,106
7,647


Page 6

 
EMERDIS SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


31 December
31 March
2023
2023
£
£

Amounts falling due within one year

Bank loans
3,415
3,415


3,415
3,415

Amounts falling due 1-2 years

Bank loans
3,415
3,415


3,415
3,415

Amounts falling due 2-5 years

Bank loans
1,691
4,231


1,691
4,231


8,521
11,061


 
Page 7