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Company registration number: 08695867

Emsand Ltd

Filleted Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Emsand Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Emsand Ltd

Company Information

Directors

Mr M Reed

Mr L Preston

Registered office

107 Sandstone Drive
Whiston
Prescot
Merseyside
L35 7LS

Accountants

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Emsand Ltd
for the Year Ended 31 October 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Emsand Ltd for the year ended 31 October 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Emsand Ltd, as a body, in accordance with the terms of our engagement letter dated 1 June 2020. Our work has been undertaken solely to prepare for your approval the accounts of Emsand Ltd and state those matters that we have agreed to state to the Board of Directors of Emsand Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Emsand Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Emsand Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Emsand Ltd. You consider that Emsand Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Emsand Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

31 October 2024

 

Emsand Ltd

(Registration number: 08695867)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,250

-

Current assets

 

Stocks

9,890

-

Debtors

5

24,645

47,311

Cash at bank and in hand

 

55,545

33

 

90,080

47,344

Creditors: Amounts falling due within one year

6

(47,654)

(29,650)

Net current assets

 

42,426

17,694

Total assets less current liabilities

 

44,676

17,694

Creditors: Amounts falling due after more than one year

6

(18,572)

(30,000)

Provisions for liabilities

(428)

-

Net assets/(liabilities)

 

25,676

(12,306)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

25,674

(12,308)

Shareholders' funds/(deficit)

 

25,676

(12,306)

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 October 2024 and signed on its behalf by:
 

 

Emsand Ltd

(Registration number: 08695867)
Balance Sheet as at 31 October 2023

.........................................
Mr M Reed
Director

   
     
 

Emsand Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
107 Sandstone Drive
Whiston
Prescot
Merseyside
L35 7LS

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account comprises the amounts invoiced, net of value added tax, returns, rebates and discounts.

Government grants are accounted for using the accruals model under FRS102. Government grants, in respect of the Coronavirus Job Retention Scheme, are included in the period to which the grant relates.

Deferred Tax

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax is not discounted.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line

Plant & machinery

25% reducing balance

 

Emsand Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Stocks and work in prgress

The cost of work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred as at the balance sheet date.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 1).

4

Tangible assets

Plant & machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2022

-

1,164

-

1,164

Additions

1,000

-

2,000

3,000

At 31 October 2023

1,000

1,164

2,000

4,164

Depreciation

At 1 November 2022

-

1,164

-

1,164

Charge for the year

250

-

500

750

At 31 October 2023

250

1,164

500

1,914

Carrying amount

At 31 October 2023

750

-

1,500

2,250

5

Debtors

2023
£

2022
£

Other debtors

24,645

47,311

24,645

47,311

 

Emsand Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

7,857

-

Trade creditors

 

16,596

-

Corporation tax

 

799

27,757

Other creditors

 

22,402

1,893

 

47,654

29,650

 

Emsand Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

18,572

30,000

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

18,572

30,000

2023
£

2022
£

Current loans and borrowings

Bank borrowings

7,857

-

8

Related party transactions

Transactions with directors

2023

At 1 November 2022
£

Repayments by director
£

At 31 October 2023
£

Mr M Reed

Directors loan

35,708

(17,362)

18,346

       
     

 

2022

At 1 November 2021
£

Repayments by director
£

At 31 October 2022
£

Mr M Reed

Directors loan

47,953

(12,245)

35,708

       
     

 

The above loans are unsecured, interest free and repayable on demand. All the figures are disclosed on an aggregate basis.