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REGISTERED NUMBER: 07196215 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st May 2024

for

Electronic Metering Equipment &
Control Limited

Electronic Metering Equipment &
Control Limited (Registered number: 07196215)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Electronic Metering Equipment &
Control Limited

Company Information
for the Year Ended 31st May 2024







DIRECTORS: S S Jay
Mrs A Jay





REGISTERED OFFICE: Unit 1 Oakside Park Industrial Estate
East Road
Sleaford
Lincolnshire
NG34 7EQ





REGISTERED NUMBER: 07196215 (England and Wales)





ACCOUNTANTS: Hood Parkes & Co
1st Floor
28 Market Place
Grantham
Lincolnshire
NG31 6LR

Electronic Metering Equipment &
Control Limited (Registered number: 07196215)

Balance Sheet
31st May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,228 35,580

CURRENT ASSETS
Stocks 281,542 339,168
Debtors 5 502,359 429,982
Cash at bank 49,380 122,064
833,281 891,214
CREDITORS
Amounts falling due within one year 6 665,588 749,817
NET CURRENT ASSETS 167,693 141,397
TOTAL ASSETS LESS CURRENT
LIABILITIES

194,921

176,977

CREDITORS
Amounts falling due after more than one
year

7

47,198

94,202
NET ASSETS 147,723 82,775

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 147,623 82,675
SHAREHOLDERS' FUNDS 147,723 82,775

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

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

The directors acknowledge their 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.

Electronic Metering Equipment &
Control Limited (Registered number: 07196215)

Balance Sheet - continued
31st May 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 Board of Directors and authorised for issue on 18th December 2024 and were signed on its behalf by:





S S Jay - Director


Electronic Metering Equipment &
Control Limited (Registered number: 07196215)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Electronic Metering Equipment & Control 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance

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
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.

Electronic Metering Equipment &
Control Limited (Registered number: 07196215)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1st June 2023 1,748 14,653 67,679 84,080
Additions - 2,351 - 2,351
At 31st May 2024 1,748 17,004 67,679 86,431
DEPRECIATION
At 1st June 2023 175 11,969 36,356 48,500
Charge for year 175 2,697 7,831 10,703
At 31st May 2024 350 14,666 44,187 59,203
NET BOOK VALUE
At 31st May 2024 1,398 2,338 23,492 27,228
At 31st May 2023 1,573 2,684 31,323 35,580

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 457,743 380,738
Related party debtor 35,659 43,783
S 455 tax recoverable - 49
Deferred tax asset 7,840 5,412
Prepayments 1,117 -
502,359 429,982

Electronic Metering Equipment &
Control Limited (Registered number: 07196215)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 40,000 40,010
Hire purchase contracts 6,999 6,999
Trade creditors 400,866 519,639
Related party creditor 4,598 2,670
Tax 86,098 79,070
Social security and other taxes 11,913 10,048
VAT 91,798 68,426
Other creditors 557 11,538
Directors' current accounts 21,107 10,082
Accrued expenses 1,652 1,335
665,588 749,817

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 36,699 40,000
Bank loans - 2-5 years - 36,704
Hire purchase contracts 10,499 17,498
47,198 94,202

8. RELATED PARTY DISCLOSURES

The related party debtors comprise amounts due from Doseuro (UK) Ltd of £35,659 (2023 : Nil), Succurro (GB) Ltd of £NIL (2023 : £38,961), and Moor Farm Buildings Ltd of £NIL (20223 : £4,822).
The related party creditors comprise amount due to Doseuro (UK) Ltd of £NIL (2023 : £2,670), Succurro (GB) Ltd of £4,597.53.(2023: NIL). S S Jay and Mrs A Jay share a controlling interest in all these enterprises.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S S Jay and Mrs A Jay.