Company Registration No. 13716728 (England and Wales)
Emax House Ltd
Unaudited accounts
for the year ended 30 November 2023
Emax House Ltd
Unaudited accounts
Contents
Emax House Ltd
Company Information
for the year ended 30 November 2023
Company Number
13716728 (England and Wales)
Registered Office
6 Kirton Close
Hornchurch
RM12 6TU
England
Accountants
UJS London Ltd
127A High Street
Hornchurch
RM11 1TX
Emax House Ltd
Statement of financial position
as at 30 November 2023
Investment property
353,585
162,000
Cash at bank and in hand
7,689
5,266
Creditors: amounts falling due within one year
(1,182)
(1,182)
Net current assets
6,507
4,084
Total assets less current liabilities
360,203
166,084
Creditors: amounts falling due after more than one year
(367,860)
(175,635)
Net liabilities
(7,657)
(9,551)
Called up share capital
100
100
Profit and loss account
(7,757)
(9,651)
Shareholders' funds
(7,657)
(9,551)
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 November 2024 and were signed on its behalf by
Ion Braghis
Director
Company Registration No. 13716728
Emax House Ltd
Notes to the Accounts
for the year ended 30 November 2023
Emax House Ltd is a private company, limited by shares, registered in England and Wales, registration number 13716728. The registered office is 6 Kirton Close, Hornchurch, RM12 6TU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Emax House Ltd
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Computer equipment
Fair value at 1 December 2022
162,000
Net gain from fair value adjustments
8,000
At 30 November 2023
353,585
6
Creditors: amounts falling due within one year
2023
2022
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
292,705
100,000
Other creditors
73,635
75,635
Taxes and social security
1,520
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).