Registered number
12458305
ERMUON LIMITED
Unaudited Filleted Accounts
28 February 2025
ERMUON LIMITED
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of ERMUON LIMITED for the year ended 28 February 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ERMUON LIMITED for the year ended 28 February 2025 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
….......................................
Fordhams & Co. Limited
Chartered Accountants
Studio 6
6 Hornsey Street
London
N7 8GR
11 March 2025
ERMUON LIMITED
Registered number: 12458305
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 593 741
Current assets
Stocks 6,200 4,500
Debtors 4 5,296 -
Cash at bank and in hand 7,225 5,762
18,721 10,262
Creditors: amounts falling due within one year 5 (17,862) (8,855)
Net current assets 859 1,407
Total assets less current liabilities 1,452 2,148
Creditors: amounts falling due after more than one year 6 (219) (2,897)
Net assets/(liabilities) 1,233 (749)
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,133 (849)
Shareholder's funds 1,233 (749)
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 member has 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.
…...........................
MR ONUR BORA
Director
Approved by the board on 11 March 2025
ERMUON LIMITED
Notes to the Accounts
for the year ended 28 February 2025
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.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 20% Reducing Balance Method
Motor Vehicle 20% Reducing Balance Method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2024 889
At 28 February 2025 889
Depreciation
At 1 March 2024 148
Charge for the year 148
At 28 February 2025 296
Net book value
At 28 February 2025 593
At 29 February 2024 741
4 Debtors 2025 2024
£ £
Trade debtors 321 -
Other debtors 4,975 -
5,296 -
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 5,912 2,590
Taxation and social security costs 11,950 5,094
Other creditors - 1,171
17,862 8,855
6 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors 219 2,897
7 Other information
ERMUON LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Studio 6
6 hornsey Street
London
N7 8GR
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