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Registration number: 11379541

EMDR Solutions Online Limited

Annual Report and

Unaudited Financial Statements


for the Year Ended 31 March 2024

 

EMDR Solutions Online Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 7

 

EMDR Solutions Online Limited

Company Information

Directors

Mr R Worthing-Davies

Mrs S Worthing-Davies

Ms M W Tew

Ms A L Prior

Registered office

Ty Melin
Mill Row
Boughrood
Powys
LD3 0YD

 

Bankers

Barclays
Worcester 2
54 High Street
Worcester
Worcestershire
WR1 2QQ

 

Accountants

W J James & Co
Chartered Accountants
Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

 

EMDR Solutions Online Limited

(Registration number: 11379541)

Balance Sheet
as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

5,113

10,411

Current assets

 

Debtors

5

138

240

Cash at bank and in hand

 

6,112

5,732

 

6,250

5,972

Creditors: Amounts falling due within one year

6

(6,174)

(10,686)

Net current assets/(liabilities)

 

76

(4,714)

Total assets less current liabilities

 

5,189

5,697

Creditors: Amounts falling due after more than one year

6

-

(1,231)

Net assets

 

5,189

4,466

Capital and reserves

 

Called up share capital

400

400

Profit and loss account

4,789

4,066

Total equity

 

5,189

4,466

For the financial year ending 31 March 2024 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.

The profit and loss account and directors' report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

EMDR Solutions Online Limited

(Registration number: 11379541)

Balance Sheet
as at 31 March 2024

Approved and authorised by the Board on 4 October 2024 and signed on its behalf by:
 

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

Mr R Worthing-Davies

Director

 

EMDR Solutions Online Limited

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

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:
Ty Melin
Mill Row
Boughrood
Powys
LD3 0YD

These financial statements were authorised for issue by the Board on 4 October 2024.

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 except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded up to the nearest £1.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of services in the ordinary course of the company's activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Video production costs

4 years straight line

Website costs

3 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

EMDR Solutions Online Limited

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

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

EMDR Solutions Online Limited

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

4

Intangible assets

Video production costs
£

Website costs
£

Total
£

Cost or valuation

At 1 April 2023

25,225

5,970

31,195

At 31 March 2024

25,225

5,970

31,195

Amortisation

At 1 April 2023

16,934

3,850

20,784

Amortisation charge

4,238

1,060

5,298

At 31 March 2024

21,172

4,910

26,082

Carrying amount

At 31 March 2024

4,053

1,060

5,113

At 31 March 2023

8,291

2,120

10,411

5

Debtors

2024
£

2023
£

Prepayments

138

240

138

240

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

8

-

496

Accruals and deferred income

 

1,182

1,197

Other creditors

 

4,992

8,993

 

6,174

10,686

 

EMDR Solutions Online Limited

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

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

-

1,231

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

400

400

400

400

         

8

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

-

1,231

2024
£

2023
£

Current loans and borrowings

Other borrowings

-

496