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REGISTERED NUMBER: 04274960 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

ESSENTIAL MANAGEMENT LIMITED

ESSENTIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04274960)






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


ESSENTIAL MANAGEMENT LIMITED

Company Information
for the year ended 31 August 2024







DIRECTOR: Mr P Samuda





REGISTERED OFFICE: Global House
303 Ballards Lane
London
N12 8NP





REGISTERED NUMBER: 04274960 (England and Wales)





ACCOUNTANTS: K J Pittalis and Partners LLP
Chartered Certified Accountants
Global House
303 Ballards Lane
London
N12 8NP

ESSENTIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04274960)

Statement of Financial Position
31 August 2024

31/8/24 31/8/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 678 362

CURRENT ASSETS
Debtors 5 147,386 73,772
Cash at bank 236,979 225,604
384,365 299,376
CREDITORS
Amounts falling due within one year 6 (278,209 ) (221,484 )
NET CURRENT ASSETS 106,156 77,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,834

78,254

CREDITORS
Amounts falling due after more than one
year

7

(17,055

)

(20,589

)
NET ASSETS 89,779 57,665

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 9 89,769 57,655
SHAREHOLDERS' FUNDS 89,779 57,665

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 director acknowledges his 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.

ESSENTIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04274960)

Statement of Financial Position - continued
31 August 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 May 2025 and were signed by:





Mr P Samuda - Director


ESSENTIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04274960)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Essential Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

Turnover
Turnover represents sales of services net of VAT and trade discounts. Turnover is recognised when the services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life.
Fixtures and fittings 20% on reducing balance
Computer equipment20% on reducing balance

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 positionstatement 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 the financial positionstatement 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.

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.

ESSENTIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04274960)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 4,000 - 4,000
Additions - 486 486
At 31 August 2024 4,000 486 4,486
DEPRECIATION
At 1 September 2023 3,638 - 3,638
Charge for year 73 97 170
At 31 August 2024 3,711 97 3,808
NET BOOK VALUE
At 31 August 2024 289 389 678
At 31 August 2023 362 - 362

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade debtors 50,135 65,772
Amounts owed by participating interests 97,251 8,000
147,386 73,772

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Bank loans and overdrafts 3,533 14,441
Trade creditors 5,798 17,513
Tax 12,796 8,861
PAYE 4,523 3,930
VAT 24,191 25,740
Landlord acc 187,089 139,057
Directors' current accounts 31,022 6,942
Accrued expenses 9,257 5,000
278,209 221,484

ESSENTIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 04274960)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/24 31/8/23
£    £   
Bank loan more than 1 yr 17,055 20,589

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/8/24 31/8/23
value: £    £   
10 ordinary 1 10 10

9. RESERVES
Retained
earnings
£   

At 1 September 2023 57,655
Profit for the year 32,114
At 31 August 2024 89,769

10. RELATED PARTY DISCLOSURES

At the year end the director was owed £31,022 by the company (2023 - £6,942).

11. ULTIMATE CONTROLLING PARTY

The directors control the company by virtue of their direct interest in the whole of the issued share capital.