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Company Registration No. 6462139 (England and Wales)
Embark Finance Limited Unaudited accounts for the year ended 31 December 2023
Embark Finance Limited Unaudited accounts Contents
Page
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Embark Finance Limited Company Information for the year ended 31 December 2023
Directors
Richard Keenan Mike Bailey
Company Number
6462139 (England and Wales)
Registered Office
38 York Road Acomb York YO24 4LZ United Kingdom
Accountants
Stephen Perry & Co 38 York Road Acomb York YO24 4LZ
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Embark Finance Limited for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Embark Finance Limited for the year ended 31 December 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Stephen Perry & Co Member in Practice 38 York Road Acomb York YO24 4LZ 8 August 2024
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Embark Finance Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
12,165 
22,399 
Cash at bank and in hand
19,558 
24,707 
31,723 
47,106 
Creditors: amounts falling due within one year
(19,945)
(33,959)
Net current assets
11,778 
13,147 
Net assets
11,778 
13,147 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
11,776 
13,145 
Shareholders' funds
11,778 
13,147 
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 19 August 2024 and were signed on its behalf by
Richard Keenan Director Company Registration No. 6462139
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Embark Finance Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Embark Finance Limited is a private company, limited by shares, registered in England and Wales, registration number 6462139. The registered office is 38 York Road, Acomb, York, YO24 4LZ, United Kingdom.
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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
20%
Fixtures & fittings
20%
Computer equipment
25%
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
7,400 
4,414 
11,814 
At 31 December 2023
7,400 
4,414 
11,814 
Depreciation
At 1 January 2023
7,400 
4,414 
11,814 
At 31 December 2023
7,400 
4,414 
11,814 
Net book value
At 31 December 2023
- 
- 
- 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,190 
3,158 
Trade debtors
10,975 
18,682 
Accrued income and prepayments
- 
559 
12,165 
22,399 
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Embark Finance Limited Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
19,945 
33,959 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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