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ESEM INTERNATIONAL LTD
Registered Number:11599977
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
11599977
As at 31 December 2023
ESEM INTERNATIONAL LTD
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
69,338
-
2
Property, plant and equipment
1,228,935
178,292
3
1,298,273
178,292
Current assets
Inventories
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
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
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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4
Registered Number :
11599977
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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5
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.
Registered address:
The Loom, Unit 5.8
14 Gowers Walk
London
E1 8PY
The presentation currency is £ sterling.
1. Accounting policies
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
3 years Straight line
3 years Straight line
Computer Equipment
5 years Straight line
Motor Vehicles
5 years Straight line
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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6
For the year ended 31 December 2023
ESEM INTERNATIONAL LTD
Notes to the Financial Statements Continued
2. Intangible fixed assets
Research &
Development
Total
Goodwill
Cost or valuation
£
£
£
86,673
17,025
Additions
69,648
86,673
17,025
At 31 December 2023
69,648
Amortisation
17,335
3,405
13,930
Charge for year
17,335
At 31 December 2023
3,405
13,930
69,338
Net book value
13,620
At 31 December 2023
55,718
3. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
£
£
£
£
£
Cost or valuation
At 01 January 2023
287,643
17,439
223,206
5,000
41,998
1,244,878
60,830
1,132,858
42,513
8,677
Additions
At 31 December 2023
47,513
1,356,064
78,269
1,532,521
50,675
Provision for depreciation and impairment
At 01 January 2023
109,351
-
99,901
-
9,450
Charge for year
194,235
20,277
162,563
8,503
2,892
At 31 December 2023
303,586
20,277
262,464
8,503
12,342
At 31 December 2023
Net book value
38,333
39,010
1,093,600
57,992
1,228,935
At 31 December 2022
32,548
5,000
123,305
17,439
178,292
4. Inventories
2022
2023
£
£
Stocks
1,508,487
1,995,462
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7
For the year ended 31 December 2023
ESEM INTERNATIONAL LTD
Notes to the Financial Statements Continued
5. Trade and other receivables
2022
2023
£
£
Trade debtors
384,748
161,971
Other debtors
694,686
32,725
194,696
1,079,434
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
986
-
Trade creditors
353,967
169,647
Taxation and social security
668,677
613,963
Other creditors
159,725
36,199
1,183,355
819,809
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Trade creditors
37,722
-
Other creditors
-
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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