Company Registration No. 10021900 (England and Wales)
Emcee Associates Limited
Unaudited accounts
for the year ended 30 June 2024
Emcee Associates Limited
Unaudited accounts
Contents
Emcee Associates Limited
Company Information
for the year ended 30 June 2024
Company Number
10021900 (England and Wales)
Registered Office
66 Oldfields Road
Sutton
SM1 2NU
Accountants
MCC Partners
1a Saddington Street
Gravesend
Kent
DA12 1ED
Emcee Associates Limited
Statement of financial position
as at 30 June 2024
Tangible assets
14,226
22,960
Cash at bank and in hand
10,555
5,801
Creditors: amounts falling due within one year
(123,025)
(122,720)
Net current assets
13,135
24,353
Total assets less current liabilities
27,361
47,313
Creditors: amounts falling due after more than one year
(19,187)
(37,868)
Provisions for liabilities
Deferred tax
(2,703)
(4,362)
Called up share capital
100
100
Profit and loss account
5,371
4,983
Shareholders' funds
5,471
5,083
For the year ending 30 June 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 26 July 2024 and were signed on its behalf by
M Chacko
Director
Company Registration No. 10021900
Emcee Associates Limited
Notes to the Accounts
for the year ended 30 June 2024
Emcee Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 10021900. The registered office is 66 Oldfields Road, Sutton, SM1 2NU.
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 accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Plant & machinery
Over 3 years straight line
Motor vehicles
Over 5 years straight line
Computer equipment
Over 4 years straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Emcee Associates Limited
Notes to the Accounts
for the year ended 30 June 2024
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
2,806
41,301
1,896
46,003
At 30 June 2024
2,806
41,301
1,896
46,003
At 1 July 2023
2,806
19,128
1,109
23,043
Charge for the year
-
8,260
474
8,734
At 30 June 2024
2,806
27,388
1,583
31,777
At 30 June 2024
-
13,913
313
14,226
At 30 June 2023
-
22,173
787
22,960
Amounts falling due within one year
Accrued income and prepayments
74,620
62,500
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Taxes and social security
9,815
3,359
Other creditors
48,972
59,500
Loans from directors
44,009
37,311
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
11,587
20,160
Emcee Associates Limited
Notes to the Accounts
for the year ended 30 June 2024
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).