IRIS Accounts Production v24.3.2.46 11362800 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh113628002023-05-31113628002024-05-31113628002023-06-012024-05-31113628002022-05-31113628002022-06-012023-05-31113628002023-05-3111362800ns15:EnglandWales2023-06-012024-05-3111362800ns14:PoundSterling2023-06-012024-05-3111362800ns10:Director12023-06-012024-05-3111362800ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3111362800ns10:SmallEntities2023-06-012024-05-3111362800ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3111362800ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3111362800ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3111362800ns10:FullAccounts2023-06-012024-05-3111362800ns10:Director22023-06-012024-05-3111362800ns10:RegisteredOffice2023-06-012024-05-3111362800ns5:CurrentFinancialInstruments2024-05-3111362800ns5:CurrentFinancialInstruments2023-05-3111362800ns5:Non-currentFinancialInstruments2024-05-3111362800ns5:Non-currentFinancialInstruments2023-05-3111362800ns5:ShareCapital2024-05-3111362800ns5:ShareCapital2023-05-3111362800ns5:RetainedEarningsAccumulatedLosses2024-05-3111362800ns5:RetainedEarningsAccumulatedLosses2023-05-3111362800ns5:FurnitureFittings2023-06-012024-05-3111362800ns5:MotorVehicles2023-06-012024-05-3111362800ns5:ComputerEquipment2023-06-012024-05-3111362800ns5:FurnitureFittings2023-05-3111362800ns5:MotorVehicles2023-05-3111362800ns5:ComputerEquipment2023-05-3111362800ns5:FurnitureFittings2024-05-3111362800ns5:MotorVehicles2024-05-3111362800ns5:ComputerEquipment2024-05-3111362800ns5:FurnitureFittings2023-05-3111362800ns5:MotorVehicles2023-05-3111362800ns5:ComputerEquipment2023-05-3111362800ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3111362800ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3111362800ns5:DeferredTaxation2023-05-3111362800ns5:DeferredTaxation2023-06-012024-05-3111362800ns5:DeferredTaxation2024-05-31
REGISTERED NUMBER: 11362800 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Emelec Limited

Emelec Limited (Registered number: 11362800)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Emelec Limited

Company Information
for the Year Ended 31 May 2024







Directors: I Laing
K L Laing





Registered office: Unit 5 - Egerton Court
Tower Road
Birkenhead
Wirral
CH41 1FH





Registered number: 11362800 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Emelec Limited (Registered number: 11362800)

Statement of Financial Position
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 179,377 86,029

Current assets
Debtors 5 205,195 506,043
Cash at bank 281,362 25,332
486,557 531,375
Creditors
Amounts falling due within one year 6 305,391 312,512
Net current assets 181,166 218,863
Total assets less current liabilities 360,543 304,892

Creditors
Amounts falling due after more than
one year

7

(94,938

)

(68,053

)

Provisions for liabilities 9 (39,932 ) (16,346 )
Net assets 225,673 220,493

Capital and reserves
Called up share capital 1 1
Retained earnings 225,672 220,492
225,673 220,493

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Emelec Limited (Registered number: 11362800)

Statement of Financial Position - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:





I Laing - Director


Emelec Limited (Registered number: 11362800)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. Statutory information

Emelec Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Emelec Limited (Registered number: 11362800)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and operating leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 15 (2023 - 15 ) .

Emelec Limited (Registered number: 11362800)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 June 2023 - 162,887 5,861 168,748
Additions 12,162 157,633 - 169,795
Disposals - (71,483 ) - (71,483 )
At 31 May 2024 12,162 249,037 5,861 267,060
Depreciation
At 1 June 2023 - 77,859 4,860 82,719
Charge for year 3,041 49,807 896 53,744
Eliminated on disposal - (48,780 ) - (48,780 )
At 31 May 2024 3,041 78,886 5,756 87,683
Net book value
At 31 May 2024 9,121 170,151 105 179,377
At 31 May 2023 - 85,028 1,001 86,029

5. Debtors: amounts falling due within one year
31/5/24 31/5/23
£    £   
Trade debtors 205,195 506,043

6. Creditors: amounts falling due within one year
31/5/24 31/5/23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 39,698 8,533
Trade creditors 87,863 136,736
Taxation and social security 130,116 124,717
Other creditors 37,714 32,526
305,391 312,512

7. Creditors: amounts falling due after more than one year
31/5/24 31/5/23
£    £   
Bank loans 10,000 20,000
Hire purchase contracts 84,938 48,053
94,938 68,053

Emelec Limited (Registered number: 11362800)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. Secured debts

The following secured debts are included within creditors:

31/5/24 31/5/23
£    £   
Hire purchase contracts 124,636 56,586

Hire purchase contracts are secured on the underlying assets.

9. Provisions for liabilities
31/5/24 31/5/23
£    £   
Deferred tax 39,932 16,346

Deferred
tax
£   
Balance at 1 June 2023 16,346
Charge to Statement of Income and Retained Earnings
during year

23,586
Balance at 31 May 2024 39,932

10. Related party disclosures

The directors have made loans to the company. The balance on these loans at 31 May 2024 were £30,624 (31 May 2023 - £30,312). These loans are interest-free and repayable on demand.