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Registration number: 15004181

EMD Windows, Doors & Conservatories Ltd

Unaudited Filleted Abridged Financial Statements

for the Period from 14 July 2023 to 31 July 2024

 

EMD Windows, Doors & Conservatories Ltd

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 9

 

EMD Windows, Doors & Conservatories Ltd

(Registration number: 15004181)
Abridged Balance Sheet as at 31 July 2024

Note

2024
£

Fixed assets

 

Tangible assets

3

10,496

Current assets

 

Debtors

4

11,517

Cash at bank and in hand

 

2,711

 

14,228

Prepayments and accrued income

 

5,079

Creditors: Amounts falling due within one year

(14,568)

Net current assets

 

4,739

Total assets less current liabilities

 

15,235

Creditors: Amounts falling due after more than one year

(12,499)

Accruals and deferred income

 

(720)

Net assets

 

2,016

Capital and reserves

 

Called up share capital

5

1

Retained earnings

2,015

Shareholders' funds

 

2,016

For the financial period ending 31 July 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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.

 

EMD Windows, Doors & Conservatories Ltd

(Registration number: 15004181)
Abridged Balance Sheet as at 31 July 2024

Approved and authorised by the Board on 13 November 2024 and signed on its behalf by:
 

.........................................
Miss Tia Jayne Woodbridge
Director

 

EMD Windows, Doors & Conservatories Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 14 July 2023 to 31 July 2024

1

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 abridged 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 abridged 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.

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.

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:

Asset class

Depreciation method and rate

Motor vehicles

25% Reducing balance method

 

EMD Windows, Doors & Conservatories Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 14 July 2023 to 31 July 2024

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

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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

EMD Windows, Doors & Conservatories Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 14 July 2023 to 31 July 2024

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 1.

3

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

Additions

13,995

13,995

At 31 July 2024

13,995

13,995

Depreciation

Charge for the period

3,499

3,499

At 31 July 2024

3,499

3,499

Carrying amount

At 31 July 2024

10,496

10,496

4

Debtors

Debtors includes £Nil due after more than one year.

5

Share capital

Allotted, called up and fully paid shares

 

EMD Windows, Doors & Conservatories Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 14 July 2023 to 31 July 2024

2024

No.

£

Ordinary shares of £1 each

1

1

   

6

Dividends

Interim dividends paid

2024
£

Interim dividend of £2,500.00 per each Ordinary shares

2,500

 

Interim dividends paid

2024
£

Interim dividend of £2,500 per each Ordinary shares

2,500

 

7

Related party transactions

 

EMD Windows, Doors & Conservatories Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 14 July 2023 to 31 July 2024

Transactions with directors

2024

At 14 July 2023
£

Advances to director
£

Other payments made to company by director
£

At 31 July 2024
£

Mr Ethan Matthew Dring

Directors loan

-

1

(4,898)

(4,897)

 

EMD Windows, Doors & Conservatories Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 14 July 2023 to 31 July 2024

Directors' remuneration

The directors' remuneration for the period was as follows:

2024
£

Remuneration

13,093

Contributions paid to money purchase schemes

206

13,299

8

Transition to FRS 102

Balance Sheet at
 

As originally reported
£

Reclassification
£

Remeasurement
£

As restated
£

Capital and reserves

Total equity

-

-

-

-

 

EMD Windows, Doors & Conservatories Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 14 July 2023 to 31 July 2024

Balance Sheet at
 

As originally reported
£

Reclassification
£

Remeasurement
£

As restated
£

Capital and reserves

Total equity

-

-

-

-