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REGISTERED NUMBER: SC256769 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

EMA Architecture + Design Limited

EMA Architecture + Design Limited (Registered number: SC256769)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


EMA Architecture + Design Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: E McIntyre
K G Ross
J B Fraser
P A Cross





REGISTERED OFFICE: 42 Charlotte Square
Edinburgh
EH2 4HQ





REGISTERED NUMBER: SC256769 (Scotland)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

EMA Architecture + Design Limited (Registered number: SC256769)

Statement of Financial Position
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 71,693 1,449,677
Investment property 6 - 3,231,770
71,693 4,681,447

CURRENT ASSETS
Inventories 100,000 100,000
Debtors 7 945,278 1,702,724
Cash at bank 3,712,834 4,423,347
4,758,112 6,226,071
CREDITORS
Amounts falling due within one year 8 377,649 522,158
NET CURRENT ASSETS 4,380,463 5,703,913
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,452,156

10,385,360

PROVISIONS FOR LIABILITIES 17,500 15,000
NET ASSETS 4,434,656 10,370,360

CAPITAL AND RESERVES
Called up share capital 2,100 2,100
Capital redemption reserve 200 200
Retained earnings 4,432,356 10,368,060
SHAREHOLDERS' FUNDS 4,434,656 10,370,360

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

EMA Architecture + Design Limited (Registered number: SC256769)

Statement of Financial Position - continued
31 January 2024


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 October 2024 and were signed on its behalf by:





E McIntyre - Director


EMA Architecture + Design Limited (Registered number: SC256769)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

EMA Architecture + Design Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover represents the value of architectural and technical consultancy services supplied by the company, excluding value added tax.

Services provided during the year that, at the balance sheet date, have not yet been billed are recognised as turnover in accordance with Financial Reporting Standard 5 "Reporting of the substance of transactions application note G Revenue Recognition and the Urgent Issues Task Force Abstract 40 "Revenue recognition and service contracts". Turnover is recognised by reference to an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total expected value of the contract. Unbilled fee income is included as amounts recoverable on contracts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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 statement of financial position date.


EMA Architecture + Design Limited (Registered number: SC256769)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 123,500
AMORTISATION
At 1 February 2023
and 31 January 2024 123,500
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

EMA Architecture + Design Limited (Registered number: SC256769)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST
At 1 February 2023 1,378,953 12,420 88,266
Additions - - 2,065
Disposals (1,378,953 ) (12,420 ) -
At 31 January 2024 - - 90,331
DEPRECIATION
At 1 February 2023 - 10,454 33,210
Charge for year - - 13,516
Eliminated on disposal - (10,454 ) -
At 31 January 2024 - - 46,726
NET BOOK VALUE
At 31 January 2024 - - 43,605
At 31 January 2023 1,378,953 1,966 55,056

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 5,698 33,783 1,519,120
Additions - 17,514 19,579
Disposals - - (1,391,373 )
At 31 January 2024 5,698 51,297 147,326
DEPRECIATION
At 1 February 2023 4,127 21,652 69,443
Charge for year 306 2,822 16,644
Eliminated on disposal - - (10,454 )
At 31 January 2024 4,433 24,474 75,633
NET BOOK VALUE
At 31 January 2024 1,265 26,823 71,693
At 31 January 2023 1,571 12,131 1,449,677

EMA Architecture + Design Limited (Registered number: SC256769)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 3,231,770
Disposals (3,231,770 )
At 31 January 2024 -
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 3,231,770

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 623,791 975,230
Amounts recoverable on long term contracts 243,500 408,000
Other debtors 2,022 -
Directors' current accounts - 289,551
Prepayments 75,965 29,943
945,278 1,702,724

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade creditors 14,019 14,601
Amounts owed to group undertakings 1,838 -
Taxation and social security 261,122 479,912
Other creditors 100,670 27,645
377,649 522,158

9. ULTIMATE CONTROLLING PARTY

The company is controlled by EMA Architecture & Design Holdings Ltd, who owns 100% of the issued ordinary share capital.