Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Dr M J D Bishop 22/03/2004 26 January 2025 The principal activity of the Company during the financial year was the provision of electrical engineering and design services. 05080007 2024-04-30 05080007 bus:Director1 2024-04-30 05080007 2023-04-30 05080007 core:CurrentFinancialInstruments 2024-04-30 05080007 core:CurrentFinancialInstruments 2023-04-30 05080007 core:ShareCapital 2024-04-30 05080007 core:ShareCapital 2023-04-30 05080007 core:RetainedEarningsAccumulatedLosses 2024-04-30 05080007 core:RetainedEarningsAccumulatedLosses 2023-04-30 05080007 core:ImmediateParent core:CurrentFinancialInstruments 2024-04-30 05080007 core:ImmediateParent core:CurrentFinancialInstruments 2023-04-30 05080007 2023-05-01 2024-04-30 05080007 bus:FilletedAccounts 2023-05-01 2024-04-30 05080007 bus:SmallEntities 2023-05-01 2024-04-30 05080007 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 05080007 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05080007 bus:Director1 2023-05-01 2024-04-30 05080007 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company No: 05080007 (England and Wales)

EMERITUS SOLUTIONS LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

EMERITUS SOLUTIONS LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

EMERITUS SOLUTIONS LIMITED

BALANCE SHEET

As at 30 April 2024
EMERITUS SOLUTIONS LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Current assets
Stocks 3 65,337 47,958
Debtors 4 4,489 5,125
Cash at bank and in hand 5,621 24,110
75,447 77,193
Creditors: amounts falling due within one year 5 ( 35,559) ( 6,347)
Net current assets 39,888 70,846
Total assets less current liabilities 39,888 70,846
Net assets 39,888 70,846
Capital and reserves
Called-up share capital 5 5
Profit and loss account 39,883 70,841
Total shareholder's funds 39,888 70,846

For the financial year ending 30 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:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Emeritus Solutions Limited (registered number: 05080007) were approved and authorised for issue by the Director on 26 January 2025. They were signed on its behalf by:

Dr M J D Bishop
Director
EMERITUS SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
EMERITUS SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Emeritus Solutions Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Herringston Road, Dorchester, Dorset, DT1 2BS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date.

Stocks

Stocks include Work in Progress. Where a contract has only been partially completed at the Balance Sheet date Work In Progress represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Stocks

2024 2023
£ £
Work in progress 65,337 47,958

4. Debtors

2024 2023
£ £
Other debtors 4,489 5,125

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 335 1,221
Amounts owed to Parent undertakings 20,000 0
Other taxation and social security 0 9
Other creditors 15,224 5,117
35,559 6,347

6. Related party transactions

The director maintained an interest free loan with the company which is repayable on demand. At the balance sheet date the amount due to the director was £13,949 (2023 £3,092).