Silverfin false false 31/05/2024 01/06/2023 31/05/2024 Mr J L Antoniou 05/09/2018 Mrs S Marvin 03/02/2020 Mr B H Phillips 21/12/2022 Mr R V Rees 27/04/2023 Mrs C C Wilcox 27/04/2023 28 March 2025 The principal activity of the company during the financial year was consultancy and facilitation of gas supply services. 11554317 2024-05-31 11554317 bus:Director1 2024-05-31 11554317 bus:Director2 2024-05-31 11554317 bus:Director3 2024-05-31 11554317 bus:Director4 2024-05-31 11554317 bus:Director5 2024-05-31 11554317 2023-05-31 11554317 core:CurrentFinancialInstruments 2024-05-31 11554317 core:CurrentFinancialInstruments 2023-05-31 11554317 core:Non-currentFinancialInstruments 2024-05-31 11554317 core:Non-currentFinancialInstruments 2023-05-31 11554317 core:ShareCapital 2024-05-31 11554317 core:ShareCapital 2023-05-31 11554317 core:RetainedEarningsAccumulatedLosses 2024-05-31 11554317 core:RetainedEarningsAccumulatedLosses 2023-05-31 11554317 core:Vehicles 2023-05-31 11554317 core:OfficeEquipment 2023-05-31 11554317 core:Vehicles 2024-05-31 11554317 core:OfficeEquipment 2024-05-31 11554317 bus:OrdinaryShareClass1 2024-05-31 11554317 bus:OrdinaryShareClass2 2024-05-31 11554317 bus:OrdinaryShareClass3 2024-05-31 11554317 2023-06-01 2024-05-31 11554317 bus:FilletedAccounts 2023-06-01 2024-05-31 11554317 bus:SmallEntities 2023-06-01 2024-05-31 11554317 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 11554317 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11554317 bus:Director1 2023-06-01 2024-05-31 11554317 bus:Director2 2023-06-01 2024-05-31 11554317 bus:Director3 2023-06-01 2024-05-31 11554317 bus:Director4 2023-06-01 2024-05-31 11554317 bus:Director5 2023-06-01 2024-05-31 11554317 core:Vehicles 2023-06-01 2024-05-31 11554317 core:OfficeEquipment core:TopRangeValue 2023-06-01 2024-05-31 11554317 2022-06-01 2023-05-31 11554317 core:OfficeEquipment 2023-06-01 2024-05-31 11554317 core:Non-currentFinancialInstruments 2023-06-01 2024-05-31 11554317 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 11554317 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 11554317 bus:OrdinaryShareClass2 2023-06-01 2024-05-31 11554317 bus:OrdinaryShareClass2 2022-06-01 2023-05-31 11554317 bus:OrdinaryShareClass3 2023-06-01 2024-05-31 11554317 bus:OrdinaryShareClass3 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11554317 (England and Wales)

EEMU LTD

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

EEMU LTD

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

EEMU LTD

BALANCE SHEET

As at 31 May 2024
EEMU LTD

BALANCE SHEET (continued)

As at 31 May 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 26,727 3,230
26,727 3,230
Current assets
Stocks 4 26,200 21,200
Debtors 5 3,586,505 3,410,942
Cash at bank and in hand 405,425 451,408
4,018,130 3,883,550
Creditors: amounts falling due within one year 6 ( 484,872) ( 382,251)
Net current assets 3,533,258 3,501,299
Total assets less current liabilities 3,559,985 3,504,529
Creditors: amounts falling due after more than one year 7 ( 2,934,621) ( 3,064,621)
Provision for liabilities ( 743) ( 532)
Net assets 624,621 439,376
Capital and reserves
Called-up share capital 8 111 111
Profit and loss account 624,510 439,265
Total shareholders' funds 624,621 439,376

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of EEMU Ltd (registered number: 11554317) were approved and authorised for issue by the Board of Directors on 28 March 2025. They were signed on its behalf by:

Mr B H Phillips
Director
EEMU LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
EEMU LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

EEMU Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for provision of services in the ordinary course of the company’s activities. Turnover is shown net of 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.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Office equipment 8 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 11 7

3. Tangible assets

Vehicles Office equipment Total
£ £ £
Cost
At 01 June 2023 0 4,154 4,154
Additions 23,342 1,884 25,226
At 31 May 2024 23,342 6,038 29,380
Accumulated depreciation
At 01 June 2023 0 924 924
Charge for the financial year 973 756 1,729
At 31 May 2024 973 1,680 2,653
Net book value
At 31 May 2024 22,369 4,358 26,727
At 31 May 2023 0 3,230 3,230

4. Stocks

2024 2023
£ £
Stocks 1,200 1,200
Work in progress 25,000 20,000
26,200 21,200

5. Debtors

2024 2023
£ £
Trade debtors 3,483,854 3,351,624
Amounts owed by directors 8,000 8,000
Prepayments 30,206 27,429
Corporation tax 40,948 0
Other debtors 23,497 23,889
3,586,505 3,410,942

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,000 10,000
Trade creditors 182,660 101,037
Amounts owed to Group undertakings 194,929 194,929
Amounts owed to directors 482 482
Accruals 36,589 32,256
Corporation tax 0 3,689
Other taxation and social security 52,045 28,281
Other creditors 8,167 11,577
484,872 382,251

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 10,887 20,887
Deferred income 2,923,734 3,043,734
2,934,621 3,064,621

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
944 A Ordinary shares of £ 0.10 each (2023: 1,000 shares of £ 0.10 each) 94 100
111 B Ordinary shares of £ 0.10 each 11 11
56 C Ordinary shares of £ 0.10 each (2023: nil shares) 6 0
111 111

On 13 October 2023, the company reclassified 56 of the A Ordinary shares into C Ordinary shares.

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Mrs S Marvin 8,000 8,000

This loan is interest free and repayable on demand