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Registration number: 862589

EMC Anglia Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

EMC Anglia Limited

Contents

Company Information

1

Statement of Comprehensive Income

2

Balance Sheet

3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 10

 

EMC Anglia Limited

Company Information

Company secretary

EW Clark

Registered office

Unit 1 Bennett House
Norwich Street
DEREHAM
Norfolk
NR19 1BX

Accountants

Fox & Co ( Anglia) Limited
Chartered Accountants
Unit 1 Bennett House
Norwich Street
DEREHAM
Norfolk
NR19 1BX

 

EMC Anglia Limited

Statement of Comprehensive Income for the Year Ended 30 June 2024

2024
£

2023
£

Profit for the year

13,278

12,963

Total comprehensive income for the year

13,278

12,963

 

EMC Anglia Limited

(Registration number: 862589)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

793,793

794,165

Current assets

 

Debtors

5

19,474

14,051

Cash at bank and in hand

 

34,213

43,658

 

53,687

57,709

Creditors: Amounts falling due within one year

6

(6,890)

(4,652)

Net current assets

 

46,797

53,057

Net assets

 

840,590

847,222

Capital and reserves

 

Called up share capital

7

18,100

18,100

Retained earnings

822,490

829,122

Shareholders' funds

 

840,590

847,222

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 August 2024
 

.........................................
IS Clark
Director

 

EMC Anglia Limited

Statement of Changes in Equity for the Year Ended 30 June 2024

Share capital
£

Retained earnings
£

Total
£

At 1 July 2023

18,100

829,122

847,222

Profit for the year

-

13,278

13,278

Dividends

-

(19,910)

(19,910)

At 30 June 2024

18,100

822,490

840,590

Share capital
£

Retained earnings
£

Total
£

At 1 July 2022

18,100

836,069

854,169

Profit for the year

-

12,963

12,963

Dividends

-

(19,910)

(19,910)

At 30 June 2023

18,100

829,122

847,222

 

EMC Anglia Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The company was formerly known as J HC Builders Limited.

The address of its registered office is:
Unit 1 Bennett House
Norwich Street
DEREHAM
Norfolk
NR19 1BX
England

The principal place of business is:
7 St Walstan Meadow
Stocks Hill
Bawburgh
NORWICH
Norfolk
NR9 3SA
England

These financial statements were authorised for issue by the director on 8 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

EMC Anglia Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance basis

Fixtures and fittings

15% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

EMC Anglia Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2023

791,740

9,701

3,755

805,196

At 30 June 2024

791,740

9,701

3,755

805,196

Depreciation

At 1 July 2023

-

7,349

3,682

11,031

Charge for the year

-

354

18

372

At 30 June 2024

-

7,703

3,700

11,403

Carrying amount

At 30 June 2024

791,740

1,998

55

793,793

At 30 June 2023

791,740

2,352

73

794,165

Included within the net book value of land and buildings above is £791,740 (2023 - £791,740) in respect of freehold land and buildings.
 

 

EMC Anglia Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Debtors

Current

2024
£

2023
£

Prepayments

6,423

4,043

Other debtors

13,051

10,008

 

19,474

14,051

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

757

-

Taxation and social security

3,202

3,352

Accruals and deferred income

2,931

1,300

6,890

4,652

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

18,100

18,100

18,100

18,100

         

8

Dividends

Final dividends paid

   

2024
£

 

2023
£

Final dividend of £1.10 per each Ordinary

 

19,910

 

19,910

         

Interim dividends paid

   

2024
£

 

2023
£

Interim dividend of £Nil per each Ordinary

 

-

 

-

         

Recommended final dividends paid and not recognised in the accounts

 

EMC Anglia Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

The director is recommending the following final dividends:

£1.20 (2023 - £1.10) per each Ordinary share totalling £21,720.00 (2023 - £19,910.00)

These dividends have not been accrued in the balance sheet.

9

Related party transactions

 

EMC Anglia Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

8,550

8,400

In respect of the highest paid director:

2024
£

2023
£

Remuneration

8,550

8,400

Dividends paid to the director

   

2024
£

 

2023
£

IS Clark

       

Ordinary dividends

 

9,955

 

9,955

         

EW Clark

       

Ordinary

 

9,955

 

9,955

         

Loans to related parties

2024

Key management
£

Total
£

At start of period

9,531

9,531

Advanced

23,148

23,148

Repaid

(19,910)

(19,910)

At end of period

12,769

12,769

2023

Key management
£

Total
£

At start of period

18,647

18,647

Advanced

10,794

10,794

Repaid

(19,910)

(19,910)

At end of period

9,531

9,531