Registered Number:11599977 |
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2023
ESEM INTERNATIONAL LTD
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
ESEM INTERNATIONAL LTD
Statement of Financial Position
2022
2023
69,338
-
2
Property, plant and equipment |
1,228,935
178,292
3
1,298,273
178,292
1,995,462
1,508,487
4
Trade and other receivables |
194,696
1,079,434
5
1,800,665
Cash and cash equivalents |
1,332,033
3,919,954
3,990,823
Trade and other payables: amounts falling due within one year |
(819,809)
(1,183,355)
6
3,171,014
2,736,599
Net current assets
Total assets less current liabilities |
4,034,872
3,349,306
Trade and other payables: amounts falling due after more than one |
year |
(17,709)
(37,722)
7
(851,420)
(1,019,705)
Provisions for liabilities |
3,145,730
Net assets
2,311,892
1,000
1,000
3,144,730
2,310,892
3,145,730
2,311,892
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 December 2023
ESEM INTERNATIONAL LTD
Statement of Financial Position Continued
Kazi Mohammed Ashiqur Rahman Director |
These financial statements were approved and authorised for issue by the Board on 28 September 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 December 2023
ESEM INTERNATIONAL LTD
Notes to the Financial Statements
Statutory Information
ESEM INTERNATIONAL LTD is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 11599977. |
The Loom, Unit 5.8
14 Gowers Walk
London
E1 8PY
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard |
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The |
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in , is being amortised evenly over its estimated useful life of 0 years. |
Intangible assets
The development costs of websites are capitalised as intangible assets and amortised at 18 percent reducing balance.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Motor Vehicles
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result. |
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 December 2023
ESEM INTERNATIONAL LTD
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
86,673
17,025
69,648
86,673
17,025
69,648
17,335
3,405
13,930
Charge for year
17,335
3,405
13,930
69,338
13,620
55,718
3. Property, plant and equipment |
Motor Vehicles
287,643
17,439
223,206
5,000
41,998
1,244,878
60,830
1,132,858
42,513
8,677
47,513
1,356,064
78,269
1,532,521
50,675
Provision for depreciation and impairment |
109,351
-
99,901
-
9,450
Charge for year
194,235
20,277
162,563
8,503
2,892
303,586
20,277
262,464
8,503
12,342
38,333
39,010
1,093,600
57,992
1,228,935
32,548
5,000
123,305
17,439
178,292
2022
2023
1,508,487
1,995,462
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For the year ended 31 December 2023
ESEM INTERNATIONAL LTD
Notes to the Financial Statements Continued
5. Trade and other receivables |
2022
2023
384,748
161,971
694,686
32,725
194,696
1,079,434
6. Trade and other payables: amounts falling due within one year |
2022
2023
986
-
353,967
169,647
Taxation and social security |
668,677
613,963
159,725
36,199
1,183,355
819,809
7. Trade and other payables: amounts falling due after more than one year |
2022
2023
37,722
-
-
17,709
37,722
17,709
8. Average number of persons employed |
During the year the average number of employees was 205 (2022 : 139)
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