Emerald Building Solutions Limited 13898068 false 2023-03-01 2024-02-28 2024-02-28 The principal activity of the company is development of building projects. Digita Accounts Production Advanced 6.30.9574.0 true 13898068 2023-03-01 2024-02-28 13898068 2024-02-28 13898068 core:CurrentFinancialInstruments 2024-02-28 13898068 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-28 13898068 core:MotorVehicles 2024-02-28 13898068 1 2024-02-28 13898068 bus:SmallEntities 2023-03-01 2024-02-28 13898068 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 13898068 bus:FilletedAccounts 2023-03-01 2024-02-28 13898068 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 13898068 bus:RegisteredOffice 2023-03-01 2024-02-28 13898068 bus:Director1 2023-03-01 2024-02-28 13898068 bus:Director2 2023-03-01 2024-02-28 13898068 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 13898068 bus:Agent1 2023-03-01 2024-02-28 13898068 core:MotorVehicles 2023-03-01 2024-02-28 13898068 countries:EnglandWales 2023-03-01 2024-02-28 13898068 1 2023-03-01 2024-02-28 13898068 2023-02-28 13898068 core:MotorVehicles 2023-02-28 13898068 1 2023-02-28 13898068 2022-02-07 2023-02-28 13898068 2023-02-28 13898068 core:CurrentFinancialInstruments 2023-02-28 13898068 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 13898068 core:MotorVehicles 2023-02-28 13898068 1 2023-02-28 13898068 1 2022-02-07 2023-02-28 13898068 1 2022-02-06 iso4217:GBP xbrli:pure

Registration number: 13898068

Emerald Building Solutions Limited

Unaudited Filleted Financial Statements

for the Period from 1 March 2023 to 28 February 2024

 

Emerald Building Solutions Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Emerald Building Solutions Limited

Company Information

Directors

Mr A Brennan

Mr P McGowan

Registered office

10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

Accountants

Xeinadin
10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Emerald Building Solutions Limited
for the Period Ended 28 February 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Emerald Building Solutions Limited for the period ended 28 February 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Emerald Building Solutions Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Emerald Building Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Emerald Building Solutions Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Emerald Building Solutions Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Emerald Building Solutions Limited 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 Emerald Building Solutions Limited. You consider that Emerald Building Solutions Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Emerald Building Solutions Limited. 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.

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


Xeinadin
10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

22 November 2024

 

Emerald Building Solutions Limited

(Registration number: 13898068)
Balance Sheet as at 28 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

7,383

9,844

Current assets

 

Debtors

5

25,348

8,481

Cash at bank and in hand

 

4,190

1,381

 

29,538

9,862

Creditors: Amounts falling due within one year

6

(34,041)

(17,579)

Net current liabilities

 

(4,503)

(7,717)

Total assets less current liabilities

 

2,880

2,127

Provisions for liabilities

(1,403)

(1,870)

Net assets

 

1,477

257

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,377

157

Shareholders' funds

 

1,477

257

For the financial period ending 28 February 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 period 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.

 

Emerald Building Solutions Limited

(Registration number: 13898068)
Balance Sheet as at 28 February 2024

Approved and authorised by the Board on 22 November 2024 and signed on its behalf by:
 

.........................................
Mr A Brennan
Director

 

Emerald Building Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 28 February 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:
10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

These financial statements were authorised for issue by the Board on 22 November 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Emerald Building Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 28 February 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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

Motor vehicles

25% Reducing balance basis

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Emerald Building Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 28 February 2024

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2023

10,500

10,500

At 28 February 2024

10,500

10,500

Depreciation

At 1 March 2023

656

656

Charge for the period

2,461

2,461

At 28 February 2024

3,117

3,117

Carrying amount

At 28 February 2024

7,383

7,383

At 28 February 2023

9,844

9,844

 

Emerald Building Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 28 February 2024

5

Debtors

2024
£

2023
£

Trade debtors

9,455

2,625

Prepayments and accrued income

2,127

1,315

Other debtors

13,766

4,541

25,348

8,481

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

6,086

1,254

Taxation and social security

16,897

4,494

Accruals and deferred income

1,352

1,352

Other creditors

9,706

10,479

34,041

17,579

7

Related party transactions

Transactions with directors

2024

At 1 March 2023
£

Advances to director
£

At 28 February 2024
£

During the year a loan was made to the directors. The loan was interest free and is repayable upon demand.

3,148

1,860

5,008

 

2023

At 7 February 2022
£

Advances to director
£

At 28 February 2023
£

During the year a loan was made to the directors. The loan was interest free and is repayable upon demand.

-

3,148

3,148