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Company Registration No. 12597150 (England and Wales)
Embrace Accountants Ltd Unaudited accounts for the year ended 31 May 2024
Embrace Accountants Ltd Unaudited accounts Contents
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Embrace Accountants Ltd Company Information for the year ended 31 May 2024
Directors
Daniel Adam Roper Robert Gordon Roper
Company Number
12597150 (England and Wales)
Registered Office
37 St. Leonards Drive Nottingham NG8 2BB England
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Embrace Accountants Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
669 
2,147 
Current assets
Debtors
2,621 
1,813 
Cash at bank and in hand
1,593 
2,650 
4,214 
4,463 
Creditors: amounts falling due within one year
(9,783)
(10,962)
Net current liabilities
(5,569)
(6,499)
Net liabilities
(4,900)
(4,352)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(5,000)
(4,452)
Shareholders' funds
(4,900)
(4,352)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 February 2025 and were signed on its behalf by
Daniel Adam Roper Director Company Registration No. 12597150
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Embrace Accountants Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Embrace Accountants Ltd is a private company, limited by shares, registered in England and Wales, registration number 12597150. The registered office is 37 St. Leonards Drive, Nottingham, NG8 2BB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. The Company is entitled to the exemption conferred by section 399 of the companies Act 2006 from the requirement to prepare group accounts on the basis that the group is small.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Going concern
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
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Embrace Accountants Ltd Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
1,452 
5,013 
6,465 
Additions
- 
734 
734 
At 31 May 2024
1,452 
5,747 
7,199 
Depreciation
At 1 June 2023
996 
3,322 
4,318 
Charge for the year
363 
1,849 
2,212 
At 31 May 2024
1,359 
5,171 
6,530 
Net book value
At 31 May 2024
93 
576 
669 
At 31 May 2023
456 
1,691 
2,147 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,020 
1,485 
Accrued income and prepayments
601 
328 
2,621 
1,813 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
672 
1,171 
Other creditors
2,471 
426 
Loans from directors
6,640 
9,365 
9,783 
10,962 
7
Transactions with related parties
The Company has taken advantage of the exemption under FRS 102 section 33 not to provide information on related party transactions with other wholly owned companies in the group. Included within creditors falling due within one year is a loan of £6,640 (2023: £9,365) which is a loan made to meet ongoing costs. The loan has been made equally by the two directors and is unsecured, interest free and repayable on demand.
8
Controlling party
The directors consider the immediate and ultimate parent company to be Dans Holding Company Limited, a Company incorporated in England and Wales and registered at 37. St Leonards Drive, Nottingham, NG8 2BB. There is no ultimate controlling party.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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