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
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
Embrace Accountants Ltd
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
1,593
2,650
Creditors: amounts falling due within one year
(9,783)
(10,962)
Net current liabilities
(5,569)
(6,499)
Net liabilities
(4,900)
(4,352)
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
Embrace Accountants Ltd
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
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.
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
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.
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
At 31 May 2024
1,452
5,747
7,199
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
At 31 May 2023
456
1,691
2,147
Amounts falling due within one year
Accrued income and prepayments
601
328
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
6,640
9,365
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.
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).