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REGISTERED NUMBER: 07673183 (England and Wales)














Unaudited Financial Statements

for the Period 31 October 2022 to 29 October 2023

for

EMS Oil Limited

EMS Oil Limited (Registered number: 07673183)






Contents of the Financial Statements
for the Period 31 October 2022 to 29 October 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


EMS Oil Limited (Registered number: 07673183)

Balance Sheet
29 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 5,000 5,000

CURRENT ASSETS
Debtors 5 491,117 491,031

CREDITORS
Amounts falling due within one year 6 502,486 501,970
NET CURRENT LIABILITIES (11,369 ) (10,939 )
TOTAL ASSETS LESS CURRENT LIABILITIES (6,369 ) (5,939 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (6,370 ) (5,940 )
SHAREHOLDERS' FUNDS (6,369 ) (5,939 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





Mrs A A Gough - Director


EMS Oil Limited (Registered number: 07673183)

Notes to the Financial Statements
for the Period 31 October 2022 to 29 October 2023

1. STATUTORY INFORMATION

EMS Oil Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07673183

Registered office: Unit H, Great Fenton Business Park
Grove Road
Fenton
Stoke on Trent
Staffordshire
ST4 4LZ

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.

After making enquiries, the company has the support of it's creditors and the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved, and therefore the financial statements have been prepared on a going concern basis.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2022 - 4 ) .

EMS Oil Limited (Registered number: 07673183)

Notes to the Financial Statements - continued
for the Period 31 October 2022 to 29 October 2023

4. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 31 October 2022
and 29 October 2023 5,000
NET BOOK VALUE
At 29 October 2023 5,000
At 30 October 2022 5,000

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 86 -

Amounts falling due after more than one year:
Amounts owed by group undertakings 491,031 491,031

Aggregate amounts 491,117 491,031

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 502,486 501,970

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is EMS Waves Limited.