Emdoco Limited 14864610 false 2023-05-12 2024-05-31 2024-05-31 The principal activity of the company is Letting of Investment property Digita Accounts Production Advanced 6.30.9574.0 true true 14864610 2023-05-12 2024-05-31 14864610 2024-05-31 14864610 core:CurrentFinancialInstruments 2024-05-31 14864610 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 14864610 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 14864610 core:FurnitureFittings 2024-05-31 14864610 bus:SmallEntities 2023-05-12 2024-05-31 14864610 bus:AuditExemptWithAccountantsReport 2023-05-12 2024-05-31 14864610 bus:FilletedAccounts 2023-05-12 2024-05-31 14864610 bus:SmallCompaniesRegimeForAccounts 2023-05-12 2024-05-31 14864610 bus:RegisteredOffice 2023-05-12 2024-05-31 14864610 bus:Director1 2023-05-12 2024-05-31 14864610 bus:Director2 2023-05-12 2024-05-31 14864610 bus:PrivateLimitedCompanyLtd 2023-05-12 2024-05-31 14864610 core:FurnitureFittings 2023-05-12 2024-05-31 14864610 countries:EnglandWales 2023-05-12 2024-05-31 iso4217:GBP xbrli:pure

Registration number: 14864610

Emdoco Limited

Annual Report and Unaudited Filleted Financial Statements

for the Period from 12 May 2023 to 31 May 2024

 

Emdoco Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Emdoco Limited

Company Information

Directors

Doug Megran

Ms Emily Mulligan

Registered office

68 Beauley Road
Bristol
BS3 1QF

Accountants

Stone & Co Chartered Accountants
2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA

 

Emdoco Limited

(Registration number: 14864610)
Balance Sheet as at 31 May 2024

Note

2024
£

       

Fixed assets

   

Tangible assets

4

 

2,590

Investment property

5

 

403,790

   

406,380

Current assets

   

Debtors

6

2,100

 

Cash at bank and in hand

 

22,701

 

 

24,801

 

Creditors: Amounts falling due within one year

7

(17,098)

 

Net current assets

   

7,703

Total assets less current liabilities

   

414,083

Creditors: Amounts falling due after more than one year

7

 

(409,765)

Net assets

   

4,318

Capital and reserves

   

Called up share capital

100

 

Retained earnings

4,218

 

Shareholders' funds

   

4,318

For the financial period ending 31 May 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.

Approved and authorised by the Board on 6 January 2025 and signed on its behalf by:
 

 

Emdoco Limited

(Registration number: 14864610)
Balance Sheet as at 31 May 2024

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

Doug Megran
Director

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

Ms Emily Mulligan
Director

 

Emdoco Limited

Notes to the Unaudited Financial Statements for the Period from 12 May 2023 to 31 May 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:
68 Beauley Road
Bristol
BS3 1QF

These financial statements were authorised for issue by the Board on 6 January 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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 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.

 

Emdoco Limited

Notes to the Unaudited Financial Statements for the Period from 12 May 2023 to 31 May 2024

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:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

Borrowings

 

Emdoco Limited

Notes to the Unaudited Financial Statements for the Period from 12 May 2023 to 31 May 2024

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.

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 0.

 

Emdoco Limited

Notes to the Unaudited Financial Statements for the Period from 12 May 2023 to 31 May 2024

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

Additions

3,453

3,453

At 31 May 2024

3,453

3,453

Depreciation

Charge for the period

863

863

At 31 May 2024

863

863

Carrying amount

At 31 May 2024

2,590

2,590

5

Investment properties

2024
£

Additions

403,790

At 31 May

403,790

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2024
£

Other debtors

2,100

 

2,100

 

Emdoco Limited

Notes to the Unaudited Financial Statements for the Period from 12 May 2023 to 31 May 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

1,600

Accruals and deferred income

13,399

Other creditors

2,099

17,098

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

409,765