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REGISTERED NUMBER: 06055391 (England and Wales)















Emerald Elevators Limited

Unaudited Financial Statements for the Year Ended 31 January 2024






Emerald Elevators Limited (Registered number: 06055391)






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


Emerald Elevators Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: T Parker
G E T Brennan





REGISTERED OFFICE: 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





BUSINESS ADDRESS: Unit 3C, Beechcroft Farm Industrial Est.
Chapel Wood Road
Ash
SEVENOAKS
Kent
TN15 7HX





REGISTERED NUMBER: 06055391 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Emerald Elevators Limited (Registered number: 06055391)

Statement of Financial Position
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 80,167 122,958

CURRENT ASSETS
Inventories 39,954 29,753
Debtors 5 1,681,406 1,272,557
Cash at bank and in hand 130,402 72,634
1,851,762 1,374,944
CREDITORS
Amounts falling due within one year 6 1,738,309 1,275,833
NET CURRENT ASSETS 113,453 99,111
TOTAL ASSETS LESS CURRENT LIABILITIES 193,620 222,069

CREDITORS
Amounts falling due after more than one
year

7

(59,017

)

(84,646

)

PROVISIONS FOR LIABILITIES (17,638 ) (26,243 )
NET ASSETS 116,965 111,180

CAPITAL AND RESERVES
Called up share capital 9 101 101
Retained earnings 116,864 111,079
SHAREHOLDERS' FUNDS 116,965 111,180

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.

Emerald Elevators Limited (Registered number: 06055391)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





T Parker - Director


Emerald Elevators Limited (Registered number: 06055391)

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

1. STATUTORY INFORMATION

Emerald Elevators Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements - going concern
When preparing the financial statements, the directors have assessed whether there are significant doubts about the company's ability to continue as a going concern. There are no material uncertainties of which the director is aware in making his assessment.

Other debtors include £193,028 owed by the directors and they have indicated that repayment will be made to ensure cash flow is not affected. They consider that the company has sufficient cash reserves to enable it to meet its obligations as they fall due for a period of at least 12 months from the date of signing of these financial statements. As such, the directors are satisfied that the company has adequate resources to continue to operate for the foreseeable future and they continue to adopt the going concern basis for preparing these financial statements.

Income recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on cost

Stock and long-term contracts
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks, other third parties and related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.


Emerald Elevators Limited (Registered number: 06055391)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted by the statement of financial position date.

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 by the year end.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 33 ) .

Emerald Elevators Limited (Registered number: 06055391)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 275,581
Additions 3,371
Disposals (53,586 )
At 31 January 2024 225,366
DEPRECIATION
At 1 February 2023 152,623
Charge for year 46,116
Eliminated on disposal (53,540 )
At 31 January 2024 145,199
NET BOOK VALUE
At 31 January 2024 80,167
At 31 January 2023 122,958

The net book value includes £62,956 (2023 : £96,389) for assets held under hire purchase and finance leases.

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 1,092,571 765,402
Amounts recoverable on contracts 118,319 68,188
Other debtors 385,609 354,060
1,596,499 1,187,650

Amounts falling due after more than one year:
Other debtors 84,907 84,907

Aggregate amounts 1,681,406 1,272,557

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts and finance leases 15,459 31,364
Trade creditors 834,104 519,063
Taxation and social security 337,310 311,935
Other creditors 551,436 413,471
1,738,309 1,275,833

Emerald Elevators Limited (Registered number: 06055391)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts and finance leases 45,060 60,519
Other creditors 13,957 24,127
59,017 84,646

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts and finance leases 60,519 91,883

Hire purchase and finance lease liabilities are secured on the relevant asset.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary "A" 1 100 100
1 Ordinary "B" 1 1 1
101 101

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
T Parker
Balance outstanding at start of year 139,779 149,444
Amounts advanced 113,772 90,335
Amounts repaid (130,000 ) (100,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 123,551 139,779

G E T Brennan
Balance outstanding at start of year 103,487 129,216
Amounts advanced 95,990 74,271
Amounts repaid (130,000 ) (100,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 69,477 103,487