Registered number
05912364
Executive Management Assist Limited
Unaudited Filleted Accounts
31 August 2024
Executive Management Assist Limited
Registered number: 05912364
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 9,862 7,872
Current assets
Debtors 4 6,834 -
Cash at bank and in hand 3,622 49,862
10,456 49,862
Creditors: amounts falling due within one year 5 (24,301) (22,245)
Net current (liabilities)/assets (13,845) 27,617
Total assets less current liabilities (3,983) 35,489
Provisions for liabilities (1,874) (1,496)
Net (liabilities)/assets (5,857) 33,993
Capital and reserves
Called up share capital 2 2
Profit and loss account (5,859) 33,991
Shareholders' funds (5,857) 33,993
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M.W. Brown
Director
Approved by the board on 14 February 2025
Executive Management Assist Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Going concern
The company has net current liabilities and net liabilities. It has a deficit on its profit and loss reserve. The company suffered a loss of trade in the year under review due to new qualification requirements in its marketplace. The company has since achieved the necessary certifications and since the reporting date has enjoyed a strong order book and positive cashflows from its operating activities.

In addition, the company's largest creditors are its shareholders and directors, who have undertaken to support the company for a period of not less than twelve months from the date of the approval of these accounts.

The going concern accounting convention has therefore been adopted.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 28,098
Additions 5,277
At 31 August 2024 33,375
Depreciation
At 1 September 2023 20,226
Charge for the year 3,287
At 31 August 2024 23,513
Net book value
At 31 August 2024 9,862
At 31 August 2023 7,872
4 Debtors 2024 2023
£ £
Trade debtors 100 -
Other debtors 6,734 -
6,834 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - 14,900
Other creditors 24,301 7,345
24,301 22,245
6 Controlling party
The company is controlled by M.W. Brown and C.B. Brown, its directors and shareholders.
7 Other information
Executive Management Assist Limited is a private company limited by shares and incorporated in England. Its registered office is:
c/o Accountancy Edge Limited
12 Culm Close
Bideford
Devon
Ex39 4AX
8 Illegal dividends
The company has paid dividends in excess of the profits available for distribution. At the date the dividends were declared, the directors believed sufficient profits were available for distribution. No further dividends will be declared until profits are available for distribution.
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