Emerge Contractors Ltd 09590408 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is Plumbing & Heating services Digita Accounts Production Advanced 6.30.9574.0 true 09590408 2023-11-01 2024-10-31 09590408 2024-10-31 09590408 bus:OrdinaryShareClass1 2024-10-31 09590408 bus:OrdinaryShareClass2 2024-10-31 09590408 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-10-31 09590408 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-10-31 09590408 core:CurrentFinancialInstruments 2024-10-31 09590408 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 09590408 core:Non-currentFinancialInstruments 2024-10-31 09590408 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 09590408 core:FurnitureFittingsToolsEquipment 2024-10-31 09590408 core:MotorVehicles 2024-10-31 09590408 core:OtherPropertyPlantEquipment 2024-10-31 09590408 bus:SmallEntities 2023-11-01 2024-10-31 09590408 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 09590408 bus:FullAccounts 2023-11-01 2024-10-31 09590408 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 09590408 bus:RegisteredOffice 2023-11-01 2024-10-31 09590408 bus:Director1 2023-11-01 2024-10-31 09590408 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 09590408 bus:OrdinaryShareClass2 2023-11-01 2024-10-31 09590408 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09590408 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 09590408 core:MotorVehicles 2023-11-01 2024-10-31 09590408 core:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 09590408 core:PlantMachinery 2023-11-01 2024-10-31 09590408 countries:England 2023-11-01 2024-10-31 09590408 2023-10-31 09590408 core:FurnitureFittingsToolsEquipment 2023-10-31 09590408 core:MotorVehicles 2023-10-31 09590408 core:OtherPropertyPlantEquipment 2023-10-31 09590408 2022-11-01 2023-10-31 09590408 2023-10-31 09590408 bus:OrdinaryShareClass1 2023-10-31 09590408 bus:OrdinaryShareClass2 2023-10-31 09590408 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-10-31 09590408 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-10-31 09590408 core:CurrentFinancialInstruments 2023-10-31 09590408 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 09590408 core:Non-currentFinancialInstruments 2023-10-31 09590408 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 09590408 core:FurnitureFittingsToolsEquipment 2023-10-31 09590408 core:MotorVehicles 2023-10-31 09590408 core:OtherPropertyPlantEquipment 2023-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09590408

Emerge Contractors Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Emerge Contractors Ltd

Contents

Company Information

1

Director's Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

Emerge Contractors Ltd

Company Information

Director

Ms Emma Armstrong

Registered office

Unit 22 Enterprise Business Centre
Enterprise House
Carlton Road
Worksop
Notts
S81 7QF

 

Emerge Contractors Ltd

Director's Report for the Year Ended 31 October 2024

The director presents her report and the financial statements for the year ended 31 October 2024.

Director of the company

The director who held office during the year was as follows:

Ms Emma Armstrong

Principal activity

The principal activity of the company is Plumbing & Heating services

Small companies provision statement

This report has 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.

Approved and authorised by the director on 10 April 2025
 

.........................................
Ms Emma Armstrong
Director

 

Emerge Contractors Ltd

(Registration number: 09590408)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

112,784

73,639

Current assets

 

Debtors

6

231,899

204,677

Cash at bank and in hand

 

265,530

106,842

 

497,429

311,519

Creditors: Amounts falling due within one year

7

(98,478)

(55,271)

Net current assets

 

398,951

256,248

Total assets less current liabilities

 

511,735

329,887

Creditors: Amounts falling due after more than one year

7

(33,710)

(51,760)

Net assets

 

478,025

278,127

Capital and reserves

 

Called up share capital

8

130

130

Retained earnings

477,895

277,997

Shareholders' funds

 

478,025

278,127

For the financial year ending 31 October 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Emerge Contractors Ltd

(Registration number: 09590408)
Balance Sheet as at 31 October 2024

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.

The Company has opted not to file the profit and loss account.

Approved and authorised by the director on 10 April 2025
 

.........................................
Ms Emma Armstrong
Director

 

Emerge Contractors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

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

The address of its registered office is:
Unit 22 Enterprise Business Centre
Enterprise House
Carlton Road
Worksop
Notts
S81 7QF

The principal place of business is:
14 Forest Hill Park
Worksop
Nottinghamshire
S81 0NZ

These financial statements were authorised for issue by the director on 10 April 2025.

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

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities 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.

The presentation currency is GBP rounded to the nearest whole GBP.

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.

 

Emerge Contractors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

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

Motor Vehicles

25% Reducing Balance

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.

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.

 

Emerge Contractors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

3

Staff numbers

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

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

18,654

17,304

 

Emerge Contractors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 November 2023

3,110

127,338

1,322

131,770

Additions

3,785

66,925

2,539

73,249

Disposals

-

(34,795)

-

(34,795)

At 31 October 2024

6,895

159,468

3,861

170,224

Depreciation

At 1 November 2023

2,789

54,991

351

58,131

Charge for the year

492

17,196

945

18,633

Eliminated on disposal

-

(19,324)

-

(19,324)

At 31 October 2024

3,281

52,863

1,296

57,440

Carrying amount

At 31 October 2024

3,614

106,605

2,565

112,784

At 31 October 2023

321

72,347

971

73,639

6

Debtors

Current

2024
£

2023
£

Trade debtors

80,922

98,424

Prepayments

1,324

2,320

Other debtors

149,653

103,933

 

231,899

204,677

 

Emerge Contractors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

16,701

16,701

Trade creditors

 

11,099

19,299

Taxation and social security

 

67,282

16,916

Accruals and deferred income

 

2,200

2,355

Other creditors

 

1,196

-

 

98,478

55,271

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

33,710

51,760

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

100

100

100

100

Ordinary B of £1 each

30

30

30

30

130

130

130

130

 

Emerge Contractors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

5,600

15,200

Hire purchase contracts

28,110

36,560

33,710

51,760

Current loans and borrowings

2024
£

2023
£

Bank borrowings

9,600

9,600

Hire purchase contracts

7,101

7,101

16,701

16,701