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Company Registration No. 05866893 (England and Wales)
Emerald Network Ltd Unaudited accounts for the year ended 31 July 2024
Emerald Network Ltd Unaudited accounts Contents
Page
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Emerald Network Ltd Company Information for the year ended 31 July 2024
Directors
Dr John Colvin Mr Keiran J. Colvin Ms Ann C. McDonagh
Secretary
Dr John Colvin
Company Number
05866893 (England and Wales)
Registered Office
TOWN HALL OLD BRISTOL ROAD NAILSWORTH NR STROUD GLOUCESTERSHIRE SL6 0JF
Accountants
M. W. Jefferies FFA/FIPA, FMAAT, FCPA, FAIA Accountants & Taxation Agents Ltd The Town Hall, Old Bristol Road Nailsworth, Stroud Gloucestershire GL6 0JF
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Emerald Network Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,288 
10,678 
Current assets
Inventories
3,000 
3,000 
Debtors
12,585 
25,577 
Cash at bank and in hand
37,683 
30,921 
53,268 
59,498 
Creditors: amounts falling due within one year
(62,526)
(66,948)
Net current liabilities
(9,258)
(7,450)
Net assets
30 
3,228 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
28 
3,226 
Shareholders' funds
30 
3,228 
For the year ending 31 July 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 3 March 2025 and were signed on its behalf by
Ms Ann C. McDonagh Director Company Registration No. 05866893
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Emerald Network Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Emerald Network Ltd is a private company, limited by shares, registered in England and Wales, registration number 05866893. The registered office is TOWN HALL OLD BRISTOL ROAD, NAILSWORTH, NR STROUD, GLOUCESTERSHIRE, SL6 0JF.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents net invoiced sales of goods and/or services, excluding VAT, and is solely attributable to the principal activity of the company.
Tangible fixed assets policy
All tangible fixed assets are initially recorded at cost, with the exception of assets that were transferred upon the incorporation of the company as a going concern, which were acquired at market value. Depreciation is provided in order to write off each tangible fixed asset over its estimated useful life.
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred taxation
Provision for deferred taxation is made at current rates of taxation deferred in respect of all material timing differences except to the extent that, in the opinion of the directors, there is reasonable probability that the liability will not arise in the foreseeable future.
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Emerald Network Ltd Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Land & buildings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
24,480 
10,434 
34,914 
At 31 July 2024
24,480 
10,434 
34,914 
Depreciation
At 1 August 2023
15,952 
8,284 
24,236 
Charge for the year
853 
537 
1,390 
At 31 July 2024
16,805 
8,821 
25,626 
Net book value
At 31 July 2024
7,675 
1,613 
9,288 
At 31 July 2023
8,528 
2,150 
10,678 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,055 
24,726 
Other debtors
5,530 
851 
12,585 
25,577 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
3,812 
VAT
3,869 
6,164 
Trade creditors
102 
410 
Taxes and social security
27,466 
14,115 
Other creditors
155 
2,229 
Loans from directors
- 
9,533 
Accruals
990 
990 
Deferred income
29,944 
29,695 
62,526 
66,948 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
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Emerald Network Ltd Notes to the Accounts for the year ended 31 July 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Dr John Colvin
Directors' Loan Account
- 
1,352 
- 
1,352 
Ms Ann C. McDonagh
Directors' Loan Account
- 
1,352 
- 
1,352 
- 
2,704 
- 
2,704 
During the year the company advanced a total of £2704 to the directors on loan account, which will be repaid in full prior to the expiry of nine months from the date of the Statement of Financial Position.
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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