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REGISTERED NUMBER: 07161110 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

EMBARK LTD

EMBARK LTD (REGISTERED NUMBER: 07161110)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EMBARK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Ms V T Holder
Ms T J Collett
Ms S M Winters





REGISTERED OFFICE: 4 Ivy Place
Hove
East Sussex
BN3 1AP





REGISTERED NUMBER: 07161110 (England and Wales)





ACCOUNTANTS: Chariot House Limited
Chartered Accountants
44 Grand Parade
Brighton
East Sussex
BN2 9QA

EMBARK LTD (REGISTERED NUMBER: 07161110)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 6,549 3,151

CURRENT ASSETS
Debtors 4 82,387 47,365
Prepayments and accrued income 19,659 16,492
Cash at bank 212,964 239,285
315,010 303,142
CREDITORS
Amounts falling due within one year 5 (74,771 ) (80,660 )
NET CURRENT ASSETS 240,239 222,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

246,788

225,633

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 246,782 225,627
SHAREHOLDERS' FUNDS 246,788 225,633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:




Ms T J Collett - Director


EMBARK LTD (REGISTERED NUMBER: 07161110)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. 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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future period where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of consideration, received or receivable, for services provided in the ordinary course of the company's activities.

Turnover excludes discounts, rebates and is shown net of value added tax and other sales taxes.

The company recognises revenue from provision of care at the point the care is given.

For rent received the revenue is recognised in the month the accommodation is provided.

Any revenue received for external trips is recognised in the month the trip is taken.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

EMBARK LTD (REGISTERED NUMBER: 07161110)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 13 ) .

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 10,588
Additions 5,098
At 31 March 2024 15,686
DEPRECIATION
At 1 April 2023 7,437
Charge for year 1,700
At 31 March 2024 9,137
NET BOOK VALUE
At 31 March 2024 6,549
At 31 March 2023 3,151

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 78,169 45,665
Other debtors 4,218 1,700
82,387 47,365

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 64,151 70,757
Other creditors 10,620 9,903
74,771 80,660

EMBARK LTD (REGISTERED NUMBER: 07161110)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Ms T J Collett
Balance outstanding at start of year - 19
Amounts repaid - (19 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Ms V T Holder
Balance outstanding at start of year - (209 )
Amounts advanced - 209
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Ms S M Winters
Balance outstanding at start of year - (302 )
Amounts advanced - 302
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -