Company Registration No. 09944796 (England and Wales)
EMMA WELLS LTD
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
EMMA WELLS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
EMMA WELLS LTD
BALANCE SHEET
AS AT
31 JANUARY 2024
31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
3,693
6,419
Cash at bank and in hand
1,685
7,686
5,378
14,105
Creditors: amounts falling due within one year
4
(7,056)
(8,303)
Net current (liabilities)/assets
(1,678)
5,802
Creditors: amounts falling due after more than one year
5
(4,858)
(5,665)
Net (liabilities)/assets
(6,536)
137
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(6,537)
136
Total equity
(6,536)
137

For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 18 October 2024
E Wells
Director
Company registration number 09944796 (England and Wales)
EMMA WELLS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
- 2 -
1
Accounting policies
Company information

Emma Wells Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Europa House, Goldstone Villas, Hove, East Sussex, BN3 3RQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer. Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion is calculated by comparing costs incurred for work performed to date, to the total estimated contract costs.

1.3
Financial instruments

The company has the following financial instruments:

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.4
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.5
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

EMMA WELLS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
2
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Corporation tax recoverable
2,572
2,097
Other debtors
1,121
4,322
3,693
6,419
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
1,999
808
Corporation tax
-
0
475
Other taxation and social security
895
772
Other creditors
4,162
6,248
7,056
8,303
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
4,858
5,665
2024-01-312023-02-01false18 October 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityE Wellsfalsefalse099447962023-02-012024-01-31099447962024-01-31099447962023-01-3109944796core:CurrentFinancialInstrumentscore:WithinOneYear2024-01-3109944796core:CurrentFinancialInstrumentscore:WithinOneYear2023-01-3109944796core:Non-currentFinancialInstrumentscore:AfterOneYear2024-01-3109944796core:Non-currentFinancialInstrumentscore:AfterOneYear2023-01-3109944796core:CurrentFinancialInstruments2024-01-3109944796core:CurrentFinancialInstruments2023-01-3109944796core:ShareCapital2024-01-3109944796core:ShareCapital2023-01-3109944796core:RetainedEarningsAccumulatedLosses2024-01-3109944796core:RetainedEarningsAccumulatedLosses2023-01-3109944796bus:Director12023-02-012024-01-31099447962022-02-012023-01-3109944796core:WithinOneYear2024-01-3109944796core:WithinOneYear2023-01-3109944796core:Non-currentFinancialInstruments2024-01-3109944796core:Non-currentFinancialInstruments2023-01-3109944796bus:PrivateLimitedCompanyLtd2023-02-012024-01-3109944796bus:SmallCompaniesRegimeForAccounts2023-02-012024-01-3109944796bus:FRS1022023-02-012024-01-3109944796bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3109944796bus:FullAccounts2023-02-012024-01-31xbrli:purexbrli:sharesiso4217:GBP