Registered number: 1544070 | ||||||||
FOR THE YEAR ENDED 30/06/2024 | ||||||||
Prepared By: | ||||||||
JAN G GROMADZKI | ||||||||
CHARTERED ACCOUNTANT | ||||||||
13 WOLVERHAMPTON ROAD | ||||||||
CODSALL | ||||||||
WOLVERHAMPTON | ||||||||
WEST MIDLANDS | ||||||||
WV8 1PT |
E.M.U. ENGINEERING LIMITED | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/06/2024 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
WEST MIDLANDS | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 1544070 | ||||||||
BANKERS | ||||||||
LLOYDS BANK plc | ||||||||
ACCOUNTANTS | ||||||||
JAN G GROMADZKI | ||||||||
CHARTERED ACCOUNTANT | ||||||||
13 WOLVERHAMPTON ROAD | ||||||||
CODSALL | ||||||||
WOLVERHAMPTON | ||||||||
WEST MIDLANDS | ||||||||
WV8 1PT |
E.M.U. ENGINEERING LIMITED | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30/06/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
E.M.U. ENGINEERING LIMITED | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 3 | |||||||||
Cash at bank and in hand | ||||||||||
1,627 | 14 | |||||||||
CREDITORS: Amounts falling due within one year | 4 | |||||||||
NET CURRENT LIABILITIES | ( | (120,757) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ( | ( | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 6 | |||||||||
Profit and loss account | (107,614) | (98,967) | ||||||||
SHAREHOLDERS' FUNDS | ( | ( | ||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
E.M.U. ENGINEERING LIMITED | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/06/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Going Concern | ||||||||
The company is in a net liability position of £ 107,514 as at 30 June 2024. However the director has given assurances to the company that he will not draw at least £ 114,000 of the director's loan account. On this basis the company is considered a going concern and the director is of the opinion that the company will be able to pay it's debts as they fall due for at least twelve months from the date that the balance sheet was signed. |
1c. Depreciation | ||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. | ||||||||
Land And Buildings | straight line2% |
1d. Basis Of Accounting FRS 1021 a | ||||||||
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. |
E.M.U. ENGINEERING LIMITED | ||||||||
2. TANGIBLE FIXED ASSETS | ||||||
Land And | ||||||
Buildings | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/07/2023 | 53,431 | 100 | 53,531 | |||
At 30/06/2024 | 53,431 | 100 | 53,531 | |||
Depreciation | ||||||
At 01/07/2023 | 31,541 | 100 | 31,641 | |||
For the year | 1,000 | - | 1,000 | |||
At 30/06/2024 | 32,541 | 100 | 32,641 | |||
Net Book Amounts | ||||||
At 30/06/2024 | 20,890 | |||||
At 30/06/2023 | 21,890 | |||||
3. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Prepayments | 143 | - | ||||||
143 | - | |||||||
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
PAYE control | 1,373 | 1,373 | ||||||
Directors current account | 120,937 | 112,777 | ||||||
Trade creditors | 1,990 | 890 | ||||||
Accruals | 5,731 | 5,731 | ||||||
130,031 | 120,771 | |||||||
5. EMPLOYEES | ||||||||
2024 | 2023 | |||||||
No. | No. | |||||||
Average number of employees | 1 | |||||||
Key management personnel is restricted to that of the director. | ||||||||
E.M.U. ENGINEERING LIMITED | ||||||||
6. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
7. CONTROLLING PARTY | ||||||||
The company is under the control of the director Mr J S Evans. | ||||||||
The director, Mr J S Evans, has a direct fifty per cent shareholding in the company. He also has a beneficial interest in a further twenty five per cent of the shares of the company which are held in the estate of Mr K H Nixon. | ||||||||
8. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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9. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITIES | ||||||||
The company was principally involved in general engineering. The company is currently letting out its factory units as it considers its future. All of its activities are carried out within the United Kingdom. | ||||||||
10. GENERAL INFORMATION | ||||||||
E.M.U. Engineering Limited is a private company limited by shares and incorporated in England. Its registered office is 11 Moss Grove, Kingswinford, West Midlands, DY6 9HS. | ||||||||
The financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company. | ||||||||