DARLINGTON EMS LIMITED
Report and Accounts
31 July 2024
Registered number
06961053
DARLINGTON EMS LIMITED
Registered number: 06961053
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 374
Tangible assets 4 225,763 254,647
Investments 5 - 1,125,000
225,763 1,380,021
Current assets
Stocks 1,001,522 1,253,788
Debtors 6 3,038,056 1,433,030
Cash at bank and in hand 92,656 27,912
4,132,234 2,714,730
Creditors: amounts falling due within one year 7 (810,322) (1,225,185)
Net current assets 3,321,912 1,489,545
Total assets less current liabilities 3,547,675 2,869,566
Creditors: amounts falling due after more than one year 8 (59,644) (109,821)
Provisions for liabilities (56,121) (48,173)
Net assets 3,431,910 2,711,572
Capital and reserves
Called up share capital 50,002 50,002
Profit and loss account 3,381,908 2,661,570
Shareholders' funds 3,431,910 2,711,572
The director is 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 director acknowledges his 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.
David Darlington
Approved by the board on 12 September 2024
DARLINGTON EMS LIMITED
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 over 10 years
Fixtures, fittings, tools and equipment over 8 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 70 51
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 1,000
At 31 July 2024 1,000
Amortisation
At 1 August 2023 626
Provided during the year 374
At 31 July 2024 1,000
Net book value
At 31 July 2024 -
At 31 July 2023 374
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Stamp duty Plant and machinery etc Fixtures & fittings Total
£ £ £ £
Cost
At 1 August 2023 8,489 834,262 83,429 926,180
Additions - 38,345 - 38,345
At 31 July 2024 8,489 872,607 83,429 964,525
Depreciation
At 1 August 2023 8,489 593,547 69,497 671,533
Charge for the year - 60,990 6,239 67,229
At 31 July 2024 8,489 654,537 75,736 738,762
Net book value
At 31 July 2024 - 218,070 7,693 225,763
At 31 July 2023 - 240,715 13,932 254,647
5 Investments
Other
investments
£
Cost
At 1 August 2023 1,125,000
Disposals (1,125,000)
At 31 July 2024 -
6 Debtors 2024 2023
£ £
Trade debtors 1,359,764 1,402,928
Prepayments 21,841 25,822
Intercompany Loan 1,270,484 -
Venture finance 381,967 -
Other debtors 4,000 4,280
3,038,056 1,433,030
7 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 2,767
Trade creditors 396,088 412,761
Deferred income 4,000 6,000
Accruals 69,603 74,085
Other taxes and social security costs 340,631 527,208
Other creditors - 202,364
810,322 1,225,185
8 Creditors: amounts falling due after one year 2024 2023
£ £
Directors loan 59,644 109,821
9 Other information
DARLINGTON EMS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
UNIT 1A CASTLEHILL
HORSFIELD WAY
BREDBURY PARK IND EST
STOCKPORT
SK6 2SU
DARLINGTON EMS LIMITED 06961053 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts July 2024 David Darlington No description of principal activity 06961053 2022-08-01 2023-07-31 06961053 core:WithinOneYear 2023-07-31 06961053 core:AfterOneYear 2023-07-31 06961053 core:ShareCapital 2023-07-31 06961053 core:RetainedEarningsAccumulatedLosses 2023-07-31 06961053 2023-08-01 2024-07-31 06961053 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06961053 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 06961053 bus:Director40 2023-08-01 2024-07-31 06961053 1 2023-08-01 2024-07-31 06961053 2 2023-08-01 2024-07-31 06961053 core:Goodwill 2023-08-01 2024-07-31 06961053 core:LandBuildings 2023-08-01 2024-07-31 06961053 core:PlantMachinery 2023-08-01 2024-07-31 06961053 core:Vehicles 2023-08-01 2024-07-31 06961053 countries:England 2023-08-01 2024-07-31 06961053 bus:FRS102 2023-08-01 2024-07-31 06961053 bus:FilletedAccounts 2023-08-01 2024-07-31 06961053 2024-07-31 06961053 core:WithinOneYear 2024-07-31 06961053 core:AfterOneYear 2024-07-31 06961053 core:ShareCapital 2024-07-31 06961053 core:RetainedEarningsAccumulatedLosses 2024-07-31 06961053 core:Goodwill 2024-07-31 06961053 core:LandBuildings 2024-07-31 06961053 core:PlantMachinery 2024-07-31 06961053 core:Vehicles 2024-07-31 06961053 2023-07-31 06961053 core:Goodwill 2023-07-31 06961053 core:LandBuildings 2023-07-31 06961053 core:PlantMachinery 2023-07-31 06961053 core:Vehicles 2023-07-31 iso4217:GBP xbrli:pure