2023-09-012024-08-312024-08-31falseSC706447THE EMERSON PARTNERSHIP LIMITED2024-10-15iso4217:GBPxbrli:pureSC7064472023-09-01SC7064472024-08-31SC7064472023-09-012024-08-31SC7064472022-09-01SC7064472023-08-31SC7064472022-09-012023-08-31SC706447bus:SmallEntities2023-09-012024-08-31SC706447bus:AuditExempt-NoAccountantsReport2023-09-012024-08-31SC706447bus:AbridgedAccounts2023-09-012024-08-31SC706447bus:PrivateLimitedCompanyLtd2023-09-012024-08-31SC706447core:WithinOneYear2024-08-31SC706447core:AfterOneYear2024-08-31SC706447core:WithinOneYear2023-08-31SC706447core:AfterOneYear2023-08-31SC706447core:ShareCapital2024-08-31SC706447core:SharePremium2024-08-31SC706447core:RevaluationReserve2024-08-31SC706447core:OtherReservesSubtotal2024-08-31SC706447core:RetainedEarningsAccumulatedLosses2024-08-31SC706447core:ShareCapital2023-08-31SC706447core:SharePremium2023-08-31SC706447core:RevaluationReserve2023-08-31SC706447core:OtherReservesSubtotal2023-08-31SC706447core:RetainedEarningsAccumulatedLosses2023-08-31SC706447core:LandBuildings2024-08-31SC706447core:PlantMachinery2024-08-31SC706447core:Vehicles2024-08-31SC706447core:FurnitureFittings2024-08-31SC706447core:OfficeEquipment2024-08-31SC706447core:NetGoodwill2024-08-31SC706447core:IntangibleAssetsOtherThanGoodwill2024-08-31SC706447core:ListedExchangeTraded2024-08-31SC706447core:UnlistedNon-exchangeTraded2024-08-31SC706447core:LandBuildings2023-08-31SC706447core:PlantMachinery2023-08-31SC706447core:Vehicles2023-08-31SC706447core:FurnitureFittings2023-08-31SC706447core:OfficeEquipment2023-08-31SC706447core:NetGoodwill2023-08-31SC706447core:IntangibleAssetsOtherThanGoodwill2023-08-31SC706447core:ListedExchangeTraded2023-08-31SC706447core:UnlistedNon-exchangeTraded2023-08-31SC706447core:LandBuildings2023-09-012024-08-31SC706447core:PlantMachinery2023-09-012024-08-31SC706447core:Vehicles2023-09-012024-08-31SC706447core:FurnitureFittings2023-09-012024-08-31SC706447core:OfficeEquipment2023-09-012024-08-31SC706447core:NetGoodwill2023-09-012024-08-31SC706447core:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-31SC706447core:ListedExchangeTraded2023-09-012024-08-31SC706447core:UnlistedNon-exchangeTraded2023-09-012024-08-31SC706447core:MoreThanFiveYears2023-09-012024-08-31SC706447core:Non-currentFinancialInstruments2024-08-31SC706447core:Non-currentFinancialInstruments2023-08-31SC706447dpl:CostSales2023-09-012024-08-31SC706447dpl:DistributionCosts2023-09-012024-08-31SC706447core:LandBuildings2023-09-012024-08-31SC706447core:PlantMachinery2023-09-012024-08-31SC706447core:Vehicles2023-09-012024-08-31SC706447core:FurnitureFittings2023-09-012024-08-31SC706447core:OfficeEquipment2023-09-012024-08-31SC706447dpl:AdministrativeExpenses2023-09-012024-08-31SC706447core:NetGoodwill2023-09-012024-08-31SC706447core:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-31SC706447dpl:GroupUndertakings2023-09-012024-08-31SC706447dpl:ParticipatingInterests2023-09-012024-08-31SC706447dpl:GroupUndertakingscore:ListedExchangeTraded2023-09-012024-08-31SC706447core:ListedExchangeTraded2023-09-012024-08-31SC706447dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-09-012024-08-31SC706447core:UnlistedNon-exchangeTraded2023-09-012024-08-31SC706447dpl:CostSales2022-09-012023-08-31SC706447dpl:DistributionCosts2022-09-012023-08-31SC706447core:LandBuildings2022-09-012023-08-31SC706447core:PlantMachinery2022-09-012023-08-31SC706447core:Vehicles2022-09-012023-08-31SC706447core:FurnitureFittings2022-09-012023-08-31SC706447core:OfficeEquipment2022-09-012023-08-31SC706447dpl:AdministrativeExpenses2022-09-012023-08-31SC706447core:NetGoodwill2022-09-012023-08-31SC706447core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-31SC706447dpl:GroupUndertakings2022-09-012023-08-31SC706447dpl:ParticipatingInterests2022-09-012023-08-31SC706447dpl:GroupUndertakingscore:ListedExchangeTraded2022-09-012023-08-31SC706447core:ListedExchangeTraded2022-09-012023-08-31SC706447dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-09-012023-08-31SC706447core:UnlistedNon-exchangeTraded2022-09-012023-08-31SC706447core:NetGoodwill2024-08-31SC706447core:IntangibleAssetsOtherThanGoodwill2024-08-31SC706447core:LandBuildings2024-08-31SC706447core:PlantMachinery2024-08-31SC706447core:Vehicles2024-08-31SC706447core:FurnitureFittings2024-08-31SC706447core:OfficeEquipment2024-08-31SC706447core:AfterOneYear2024-08-31SC706447core:WithinOneYear2024-08-31SC706447core:ListedExchangeTraded2024-08-31SC706447core:UnlistedNon-exchangeTraded2024-08-31SC706447core:ShareCapital2024-08-31SC706447core:SharePremium2024-08-31SC706447core:RevaluationReserve2024-08-31SC706447core:OtherReservesSubtotal2024-08-31SC706447core:RetainedEarningsAccumulatedLosses2024-08-31SC706447core:NetGoodwill2023-08-31SC706447core:IntangibleAssetsOtherThanGoodwill2023-08-31SC706447core:LandBuildings2023-08-31SC706447core:PlantMachinery2023-08-31SC706447core:Vehicles2023-08-31SC706447core:FurnitureFittings2023-08-31SC706447core:OfficeEquipment2023-08-31SC706447core:AfterOneYear2023-08-31SC706447core:WithinOneYear2023-08-31SC706447core:ListedExchangeTraded2023-08-31SC706447core:UnlistedNon-exchangeTraded2023-08-31SC706447core:ShareCapital2023-08-31SC706447core:SharePremium2023-08-31SC706447core:RevaluationReserve2023-08-31SC706447core:OtherReservesSubtotal2023-08-31SC706447core:RetainedEarningsAccumulatedLosses2023-08-31SC706447core:NetGoodwill2022-09-01SC706447core:IntangibleAssetsOtherThanGoodwill2022-09-01SC706447core:LandBuildings2022-09-01SC706447core:PlantMachinery2022-09-01SC706447core:Vehicles2022-09-01SC706447core:FurnitureFittings2022-09-01SC706447core:OfficeEquipment2022-09-01SC706447core:AfterOneYear2022-09-01SC706447core:WithinOneYear2022-09-01SC706447core:ListedExchangeTraded2022-09-01SC706447core:UnlistedNon-exchangeTraded2022-09-01SC706447core:ShareCapital2022-09-01SC706447core:SharePremium2022-09-01SC706447core:RevaluationReserve2022-09-01SC706447core:OtherReservesSubtotal2022-09-01SC706447core:RetainedEarningsAccumulatedLosses2022-09-01SC706447core:AfterOneYear2023-09-012024-08-31SC706447core:WithinOneYear2023-09-012024-08-31SC706447core:Non-currentFinancialInstrumentscore:CostValuation2023-09-012024-08-31SC706447core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-012024-08-31SC706447core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-012024-08-31SC706447core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-012024-08-31SC706447core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-012024-08-31SC706447core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-012024-08-31SC706447core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-012024-08-31SC706447core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-012024-08-31SC706447core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-012024-08-31SC706447core:Non-currentFinancialInstrumentscore:CostValuation2024-08-31SC706447core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-08-31SC706447core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-08-31SC706447core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-08-31SC706447core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-08-31SC706447core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-08-31SC706447core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-08-31SC706447core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-08-31SC706447core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-08-31SC706447core:Non-currentFinancialInstrumentscore:CostValuation2023-08-31SC706447core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-08-31SC706447core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-08-31SC706447core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-08-31SC706447core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-08-31SC706447core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-08-31SC706447core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-08-31SC706447core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-08-31SC706447core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-08-31SC706447bus:Director12023-09-012024-08-31

THE EMERSON PARTNERSHIP LIMITED

Registered Number
SC706447
(Scotland)

Unaudited Financial Statements for the Year ended
31 August 2024

THE EMERSON PARTNERSHIP LIMITED
Company Information
for the year from 1 September 2023 to 31 August 2024

Director

BARGETON, Gregory Justin

Registered Address

69 Kinghorn Road
Burntisland
KY3 9EB

Registered Number

SC706447 (Scotland)
THE EMERSON PARTNERSHIP LIMITED
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

ASSETS
Fixed assets
Tangible assets345,33959,116
45,33959,116
Current assets
Debtors5938,017
Cash at bank and in hand142,215175,292
142,308183,309
142,308183,309
187,647242,425
CAPITAL, RESERVES AND LIABILITIES
Capital and reserves
Called up share capital11
Profit and loss account173,630195,242
173,631195,243
Liabilities
Creditors amounts falling due within one year614,01647,182
187,647242,425
The financial statements were approved and authorised for issue by the Director on 15 October 2024, and are signed on its behalf by:
BARGETON, Gregory Justin
Director
Registered Company No. SC706447
THE EMERSON PARTNERSHIP LIMITED
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Vehicles25
Office Equipment33
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 September 2366,587
Additions1,077
At 31 August 2467,664
Depreciation and impairment
At 01 September 237,471
Charge for year14,854
At 31 August 2422,325
Net book value
At 31 August 2445,339
At 31 August 2359,116
4.Stocks
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-8,017
Prepayments and accrued income93-
Total938,017
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables96440,000
Taxation and social security13,0527,182
Total14,01647,182
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.