IRIS Accounts Production v25.1.3.33 05374109 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh053741092023-08-31053741092024-08-31053741092023-09-012024-08-31053741092022-08-31053741092022-09-012023-08-31053741092023-08-3105374109ns15:EnglandWales2023-09-012024-08-3105374109ns14:PoundSterling2023-09-012024-08-3105374109ns10:Director12023-09-012024-08-3105374109ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3105374109ns10:SmallEntities2023-09-012024-08-3105374109ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3105374109ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3105374109ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3105374109ns10:FullAccounts2023-09-012024-08-310537410912023-09-012024-08-3105374109ns10:Director22023-09-012024-08-3105374109ns10:CompanySecretary12023-09-012024-08-3105374109ns10:RegisteredOffice2023-09-012024-08-3105374109ns5:CurrentFinancialInstruments2024-08-3105374109ns5:CurrentFinancialInstruments2023-08-3105374109ns5:Non-currentFinancialInstruments2024-08-3105374109ns5:Non-currentFinancialInstruments2023-08-3105374109ns5:ShareCapital2024-08-3105374109ns5:ShareCapital2023-08-3105374109ns5:RetainedEarningsAccumulatedLosses2024-08-3105374109ns5:NetGoodwill2023-09-012024-08-3105374109ns5:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3105374109ns5:PatentsTrademarksLicencesConcessionsSimilar2023-09-012024-08-3105374109ns5:LandBuildingsns5:ShortLeaseholdAssets2023-09-012024-08-3105374109ns5:PlantMachinery2023-09-012024-08-3105374109ns5:FurnitureFittings2023-09-012024-08-3105374109ns5:MotorVehicles2023-09-012024-08-3105374109ns5:NetGoodwill2023-08-3105374109ns5:PatentsTrademarksLicencesConcessionsSimilar2023-08-3105374109ns5:NetGoodwill2024-08-3105374109ns5:PatentsTrademarksLicencesConcessionsSimilar2024-08-3105374109ns5:NetGoodwill2023-08-3105374109ns5:PatentsTrademarksLicencesConcessionsSimilar2023-08-3105374109ns5:LandBuildingsns5:ShortLeaseholdAssets2023-08-3105374109ns5:PlantMachinery2023-08-3105374109ns5:FurnitureFittings2023-08-3105374109ns5:MotorVehicles2023-08-3105374109ns5:LandBuildingsns5:ShortLeaseholdAssets2024-08-3105374109ns5:PlantMachinery2024-08-3105374109ns5:FurnitureFittings2024-08-3105374109ns5:MotorVehicles2024-08-3105374109ns5:LandBuildingsns5:ShortLeaseholdAssets2023-08-3105374109ns5:PlantMachinery2023-08-3105374109ns5:FurnitureFittings2023-08-3105374109ns5:MotorVehicles2023-08-3105374109ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3105374109ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3105374109ns5:Secured2024-08-3105374109ns5:Secured2023-08-3105374109ns5:TaxLossesCarry-forwardsDeferredTax2024-08-3105374109ns5:TaxLossesCarry-forwardsDeferredTax2023-08-3105374109ns5:DeferredTaxation2023-08-3105374109ns5:DeferredTaxation2023-09-012024-08-3105374109ns5:DeferredTaxation2024-08-31
REGISTERED NUMBER: 05374109 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

M & EMS Limited

M & EMS Limited (Registered number: 05374109)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


M & EMS Limited

Company Information
for the Year Ended 31 August 2024







Directors: M Cleaver
E Cleaver





Secretary: C Cleaver





Registered office: 114-120 Northgate Street
Chester
CH1 2HT





Registered number: 05374109 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

M & EMS Limited (Registered number: 05374109)

Statement of Financial Position
31 August 2024

31/8/24 31/8/23
as restated
Notes £    £    £   
Fixed assets
Intangible assets 4 206,619 290,037
Tangible assets 5 176,870 266,360
383,489 556,397

Current assets
Stocks 62,866 67,983
Debtors 6 426,239 498,495
Cash at bank and in hand 269,669 652,063
758,774 1,218,541
Creditors
Amounts falling due within one year 7 228,367 470,524
Net current assets 530,407 748,017
Total assets less current liabilities 913,896 1,304,414

Creditors
Amounts falling due after more than
one year

8

(215,008

)

(380,886

)

Provisions for liabilities 10 (17,460 ) (38,036 )
Net assets 681,428 885,492

M & EMS Limited (Registered number: 05374109)

Statement of Financial Position - continued
31 August 2024

31/8/24 31/8/23
as restated
Notes £    £    £   
Capital and reserves
Called up share capital 100 100
Retained earnings 681,328 885,392
Shareholders' funds 681,428 885,492

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 May 2025 and were signed on its behalf by:





M Cleaver - Director


M & EMS Limited (Registered number: 05374109)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. Statutory information

M & EMS Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2010, 2015 and 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise fees are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property improvements - 10% on cost
Fixtures and fittings - 33% on cost
Catering equipment - 20% on cost
Motor vehicles - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


M & EMS Limited (Registered number: 05374109)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

3. Employees and directors

The average number of employees during the year was 130 (2023 - 130 ) .

M & EMS Limited (Registered number: 05374109)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. Intangible fixed assets
Franchise
Goodwill fees Totals
£    £    £   
Cost
At 1 September 2023
and 31 August 2024 966,537 71,432 1,037,969
Amortisation
At 1 September 2023 690,588 57,344 747,932
Amortisation for year 80,709 2,709 83,418
At 31 August 2024 771,297 60,053 831,350
Net book value
At 31 August 2024 195,240 11,379 206,619
At 31 August 2023 275,949 14,088 290,037

5. Tangible fixed assets
Leasehold Fixtures
property and Catering Motor
improvements fittings equipment vehicles Totals
£    £    £    £    £   
Cost
At 1 September 2023
and 31 August 2024 842,899 204,186 583,071 100,459 1,730,615
Depreciation
At 1 September 2023 702,055 162,427 548,799 50,974 1,464,255
Charge for year 35,530 26,781 10,977 16,202 89,490
At 31 August 2024 737,585 189,208 559,776 67,176 1,553,745
Net book value
At 31 August 2024 105,314 14,978 23,295 33,283 176,870
At 31 August 2023 140,844 41,759 34,272 49,485 266,360

6. Debtors: amounts falling due within one year
31/8/24 31/8/23
as restated
£    £   
Trade debtors - 3,899
Other debtors 426,239 494,596
426,239 498,495

M & EMS Limited (Registered number: 05374109)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. Creditors: amounts falling due within one year
31/8/24 31/8/23
as restated
£    £   
Bank loans and overdrafts 93,913 190,015
Hire purchase contracts 8,683 8,683
Trade creditors 425 78,804
Taxation and social security 66,100 128,208
Other creditors 59,246 64,814
228,367 470,524

8. Creditors: amounts falling due after more than one year
31/8/24 31/8/23
as restated
£    £   
Bank loans 207,049 364,245
Hire purchase contracts 7,959 16,641
215,008 380,886

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - 8,592

9. Secured debts

The following secured debts are included within creditors:

31/8/24 31/8/23
as restated
£    £   
Bank loans 300,962 554,260
Hire purchase contracts 16,642 25,324
317,604 579,584

Hire purchase contracts are secured on the underlying assets.

Bank loans are secured by debentures and mortgages over life policies.

M & EMS Limited (Registered number: 05374109)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

10. Provisions for liabilities
31/8/24 31/8/23
as restated
£    £   
Deferred tax
Tax losses carried forward (9,896 ) -
Deferred tax 27,356 38,036
17,460 38,036

Deferred
tax
£   
Balance at 1 September 2023 38,036
Credit to Income Statement during year (20,576 )
Balance at 31 August 2024 17,460

11. Financial commitments

At 31 August 2024 the company had total commitments under non-cancellable operating leases over the remaining term of the leases of £1,195,688 (2023 - £1,452,979) of which £226,750 (2023 - £296,042) is due within one year.

12. Related party disclosures

The directors have made loans to the company. The balance on these loans at 31 August 2024 was £25,042 (2023 - £24,943). The loans are interest-free and repayable on demand.

13. Prior year adjustment

In the accounts for the year ended 31 August 2023, payments of dividends totalling £30,000 were misposted as loans. This misposting has been corrected by restating the comparative figures for dividends and loans within other debtors.