11 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2024 - FRS102_2024 80,000 60,800 3,200 64,000 16,000 19,200 xbrli:pure xbrli:shares iso4217:GBP 4479045 2023-05-01 2024-04-30 4479045 2024-04-30 4479045 2023-04-30 4479045 2022-05-01 2023-04-30 4479045 2023-04-30 4479045 2022-04-30 4479045 core:NetGoodwill 2023-05-01 2024-04-30 4479045 core:PlantMachinery 2023-05-01 2024-04-30 4479045 core:FurnitureFittings 2023-05-01 2024-04-30 4479045 bus:Director1 2023-05-01 2024-04-30 4479045 core:NetGoodwill 2023-04-30 4479045 core:NetGoodwill 2024-04-30 4479045 core:PlantMachinery 2023-04-30 4479045 core:FurnitureFittings 2023-04-30 4479045 core:PlantMachinery 2024-04-30 4479045 core:FurnitureFittings 2024-04-30 4479045 core:WithinOneYear 2024-04-30 4479045 core:WithinOneYear 2023-04-30 4479045 core:ShareCapital 2024-04-30 4479045 core:ShareCapital 2023-04-30 4479045 core:RetainedEarningsAccumulatedLosses 2024-04-30 4479045 core:RetainedEarningsAccumulatedLosses 2023-04-30 4479045 core:NetGoodwill 2023-04-30 4479045 core:PlantMachinery 2023-04-30 4479045 core:FurnitureFittings 2023-04-30 4479045 bus:SmallEntities 2023-05-01 2024-04-30 4479045 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 4479045 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 4479045 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 4479045 bus:FullAccounts 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 4479045
ERHM LIMITED
Filleted Unaudited Financial Statements
30 April 2024
ERHM LIMITED
Financial Statements
Year ended 30th April 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
ERHM LIMITED
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
£
Fixed assets
Intangible assets
5
16,000
19,200
Tangible assets
6
18,510
21,819
--------
--------
34,510
41,019
Current assets
Stocks
89,017
88,813
Debtors
7
101,118
215,696
Cash at bank and in hand
16,637
2,088
---------
---------
206,772
306,597
Creditors: amounts falling due within one year
8
514,915
579,876
---------
---------
Net current liabilities
308,143
273,279
---------
---------
Total assets less current liabilities
( 273,633)
( 232,260)
---------
---------
Net liabilities
( 273,633)
( 232,260)
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 273,635)
( 232,262)
---------
---------
Shareholders deficit
( 273,633)
( 232,260)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30th April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
ERHM LIMITED
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 2 January 2025 , and are signed on behalf of the board by:
Mr S Ellman
Director
Company registration number: 4479045
ERHM LIMITED
Notes to the Financial Statements
Year ended 30th April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 88 Bridge Street, Warrington, WA1 2RF.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
4% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and Machinery
-
20% reducing balance
Fixtures and Fittings
-
15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 11 (2023: 11 ).
5. Intangible assets
Goodwill
£
Cost
At 1st May 2023 and 30th April 2024
80,000
--------
Amortisation
At 1st May 2023
60,800
Charge for the year
3,200
--------
At 30th April 2024
64,000
--------
Carrying amount
At 30th April 2024
16,000
--------
At 30th April 2023
19,200
--------
6. Tangible assets
Plant and Machinery
Fixtures and Fittings
Total
£
£
£
Cost
At 1st May 2023 and 30th April 2024
12,710
115,182
127,892
--------
---------
---------
Depreciation
At 1st May 2023
11,992
94,081
106,073
Charge for the year
144
3,165
3,309
--------
---------
---------
At 30th April 2024
12,136
97,246
109,382
--------
---------
---------
Carrying amount
At 30th April 2024
574
17,936
18,510
--------
---------
---------
At 30th April 2023
718
21,101
21,819
--------
---------
---------
7. Debtors
2024
2023
£
£
Trade debtors
96,918
79,436
Other debtors
4,200
136,260
---------
---------
101,118
215,696
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
5,036
Trade creditors
391,273
387,582
Social security and other taxes
54,208
121,304
Other creditors
69,434
65,954
---------
---------
514,915
579,876
---------
---------
9. Director's advances, credits and guarantees
2024 2023
£ £
Director loan accounts 47,445 53,888
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