REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 31 October 2022 to 29 October 2023 |
for |
EMS Waves Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 31 October 2022 to 29 October 2023 |
for |
EMS Waves Limited |
EMS Waves Limited (Registered number: 07037001) |
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 Waves Limited (Registered number: 07037001) |
Balance Sheet |
29 October 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors | 7 |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 9 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
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 |
EMS Waves Limited (Registered number: 07037001) |
Notes to the Financial Statements |
for the Period 31 October 2022 to 29 October 2023 |
1. | STATUTORY INFORMATION |
EMS Waves Limited is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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. |
Preparation of consolidated financial statements |
The financial statements contain information about EMS Waves Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Intangible fixed assets |
Patents and trademarks are included at cost and depreciated in equal annual instalments over a period of 5 years which is their estimated useful economic life. Provision is made for any impairment. |
Tangible fixed assets |
Plant and machinery has been fully depreciated. |
Computer equipment has been fully depreciated. |
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. |
EMS Waves Limited (Registered number: 07037001) |
Notes to the Financial Statements - continued |
for the Period 31 October 2022 to 29 October 2023 |
2. | ACCOUNTING POLICIES - continued |
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. | INTANGIBLE FIXED ASSETS |
Patents |
and |
licences |
£ |
COST |
At 31 October 2022 |
and 29 October 2023 |
AMORTISATION |
At 31 October 2022 |
Amortisation for period |
At 29 October 2023 |
NET BOOK VALUE |
At 29 October 2023 |
At 30 October 2022 |
5. | TANGIBLE FIXED ASSETS |
Plant and | Computer |
machinery | equipment | Totals |
£ | £ | £ |
COST |
At 31 October 2022 |
and 29 October 2023 |
DEPRECIATION |
At 31 October 2022 |
and 29 October 2023 |
NET BOOK VALUE |
At 29 October 2023 |
At 30 October 2022 |
EMS Waves Limited (Registered number: 07037001) |
Notes to the Financial Statements - continued |
for the Period 31 October 2022 to 29 October 2023 |
6. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 31 October 2022 |
and 29 October 2023 |
NET BOOK VALUE |
At 29 October 2023 |
At 30 October 2022 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed to group undertakings |