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REGISTERED NUMBER: 04706647 (England and Wales)






















Emik Limited

Unaudited Financial Statements for the Year Ended 31st March 2024






Emik Limited (Registered number: 04706647)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Emik Limited

Company Information
for the year ended 31st March 2024







DIRECTOR: M D Harrison





REGISTERED OFFICE: Unit 20 c/o All Occasions
Temple Street
Beverley Road
Hull
East Yorkshire
HU5 1AD





REGISTERED NUMBER: 04706647 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Emik Limited (Registered number: 04706647)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 698,679 657,136
698,679 657,136

CURRENT ASSETS
Stocks 3,323 4,451
Debtors 6 22,635 48,969
Cash at bank and in hand 348,308 404,951
374,266 458,371
CREDITORS
Amounts falling due within one year 7 68,991 85,907
NET CURRENT ASSETS 305,275 372,464
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,003,954

1,029,600

CREDITORS
Amounts falling due after more than one
year

8

-

(43,333

)

PROVISIONS FOR LIABILITIES (121,528 ) (117,360 )
NET ASSETS 882,426 868,907

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 882,425 868,906
SHAREHOLDERS' FUNDS 882,426 868,907

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Emik Limited (Registered number: 04706647)

Balance Sheet - continued
31st March 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 director and authorised for issue on 13th November 2024 and were signed by:





M D Harrison - Director


Emik Limited (Registered number: 04706647)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

Emik 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.

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

Goodwill
Goodwill is written off evenly over 20 years and stated in the balance sheet at cost less amounts written off.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property -4% on cost
Plant & machinery -15% on reducing balance
Marquees -5% on reducing balance
Motor vehicles -20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Emik Limited (Registered number: 04706647)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

2. ACCOUNTING POLICIES - continued

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 10 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 51,994
AMORTISATION
At 1st April 2023
and 31st March 2024 51,994
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st April 2023 40,620 160,406 824,031 135,746 1,160,803
Additions 24,354 1,000 40,007 45,800 111,161
Disposals - - (5,699 ) (25,250 ) (30,949 )
At 31st March 2024 64,974 161,406 858,339 156,296 1,241,015
DEPRECIATION
At 1st April 2023 2,651 116,020 286,647 98,349 503,667
Charge for year 152 6,720 27,716 17,953 52,541
Eliminated on disposal - - (280 ) (13,592 ) (13,872 )
At 31st March 2024 2,803 122,740 314,083 102,710 542,336
NET BOOK VALUE
At 31st March 2024 62,171 38,666 544,256 53,586 698,679
At 31st March 2023 37,969 44,386 537,384 37,397 657,136


Emik Limited (Registered number: 04706647)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,576 34,221
Other debtors 13,059 14,748
22,635 48,969

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 31,121 20,000
Trade creditors 17,798 24,238
Taxation and social security 7,367 14,300
Other creditors 12,705 27,369
68,991 85,907

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 43,333

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1