Silverfin false false 31/08/2024 01/09/2023 31/08/2024 J Church 09/03/2021 S White 20/08/2014 12 May 2025 The principal activity of the company during the year is that of providing educational services for young people with special educational needs. 09183380 2024-08-31 09183380 bus:Director1 2024-08-31 09183380 bus:Director2 2024-08-31 09183380 2023-08-31 09183380 core:CurrentFinancialInstruments 2024-08-31 09183380 core:CurrentFinancialInstruments 2023-08-31 09183380 core:Non-currentFinancialInstruments 2024-08-31 09183380 core:Non-currentFinancialInstruments 2023-08-31 09183380 core:ShareCapital 2024-08-31 09183380 core:ShareCapital 2023-08-31 09183380 core:CapitalRedemptionReserve 2024-08-31 09183380 core:CapitalRedemptionReserve 2023-08-31 09183380 core:RetainedEarningsAccumulatedLosses 2024-08-31 09183380 core:RetainedEarningsAccumulatedLosses 2023-08-31 09183380 core:Goodwill 2023-08-31 09183380 core:Goodwill 2024-08-31 09183380 core:LandBuildings 2023-08-31 09183380 core:LeaseholdImprovements 2023-08-31 09183380 core:ConstructionInProgressAssetsUnderConstruction 2023-08-31 09183380 core:PlantMachinery 2023-08-31 09183380 core:Vehicles 2023-08-31 09183380 core:FurnitureFittings 2023-08-31 09183380 core:OfficeEquipment 2023-08-31 09183380 core:LandBuildings 2024-08-31 09183380 core:LeaseholdImprovements 2024-08-31 09183380 core:ConstructionInProgressAssetsUnderConstruction 2024-08-31 09183380 core:PlantMachinery 2024-08-31 09183380 core:Vehicles 2024-08-31 09183380 core:FurnitureFittings 2024-08-31 09183380 core:OfficeEquipment 2024-08-31 09183380 core:CostValuation 2023-08-31 09183380 core:CostValuation 2024-08-31 09183380 core:ProvisionsForImpairmentInvestments 2023-08-31 09183380 core:ImpairmentLossProvisionsForImpairmentInvestments 2024-08-31 09183380 core:ProvisionsForImpairmentInvestments 2024-08-31 09183380 core:CurrentFinancialInstruments core:Secured 2024-08-31 09183380 core:Non-currentFinancialInstruments core:Secured 2024-08-31 09183380 bus:OrdinaryShareClass1 2024-08-31 09183380 2023-09-01 2024-08-31 09183380 bus:FilletedAccounts 2023-09-01 2024-08-31 09183380 bus:SmallEntities 2023-09-01 2024-08-31 09183380 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 09183380 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09183380 bus:Director1 2023-09-01 2024-08-31 09183380 bus:Director2 2023-09-01 2024-08-31 09183380 core:Goodwill core:TopRangeValue 2023-09-01 2024-08-31 09183380 core:Goodwill 2023-09-01 2024-08-31 09183380 core:LandBuildings core:BottomRangeValue 2023-09-01 2024-08-31 09183380 core:LandBuildings core:TopRangeValue 2023-09-01 2024-08-31 09183380 core:LeaseholdImprovements core:TopRangeValue 2023-09-01 2024-08-31 09183380 core:PlantMachinery 2023-09-01 2024-08-31 09183380 core:Vehicles 2023-09-01 2024-08-31 09183380 core:FurnitureFittings 2023-09-01 2024-08-31 09183380 core:OfficeEquipment 2023-09-01 2024-08-31 09183380 2022-09-01 2023-08-31 09183380 core:LandBuildings 2023-09-01 2024-08-31 09183380 core:LeaseholdImprovements 2023-09-01 2024-08-31 09183380 core:ConstructionInProgressAssetsUnderConstruction 2023-09-01 2024-08-31 09183380 core:CurrentFinancialInstruments 2023-09-01 2024-08-31 09183380 core:Non-currentFinancialInstruments 2023-09-01 2024-08-31 09183380 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 09183380 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09183380 (England and Wales)

EMPLOY MY ABILITY (EMA) LTD

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

EMPLOY MY ABILITY (EMA) LTD

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

EMPLOY MY ABILITY (EMA) LTD

BALANCE SHEET

As at 31 August 2024
EMPLOY MY ABILITY (EMA) LTD

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 1,292,429 1,389,091
Investments 5 0 100
1,292,429 1,389,191
Current assets
Stocks 82,644 67,181
Debtors 6 617,440 502,203
Cash at bank and in hand 86,489 240,051
786,573 809,435
Creditors: amounts falling due within one year 7 ( 1,108,299) ( 1,160,718)
Net current liabilities (321,726) (351,283)
Total assets less current liabilities 970,703 1,037,908
Creditors: amounts falling due after more than one year 8 ( 423,168) ( 461,065)
Provision for liabilities ( 123,549) ( 164,405)
Net assets 423,986 412,438
Capital and reserves
Called-up share capital 9 500 500
Capital redemption reserve 501 501
Profit and loss account 422,985 411,437
Total shareholders' funds 423,986 412,438

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

Directors' responsibilities:

The financial statements of Employ My Ability (EMA) Ltd (registered number: 09183380) were approved and authorised for issue by the Board of Directors on 12 May 2025. They were signed on its behalf by:

S White
Director
EMPLOY MY ABILITY (EMA) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
EMPLOY MY ABILITY (EMA) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 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

Employ My Ability (EMA) 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 The Walled Garden, Moreton, Dorchester, DT2 8RG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the profit and loss account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliability, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that is probable will be recovered.

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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 5 years.

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, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line, reducing balance basis over its expected useful life, as follows:

Land and buildings 10 - 50 years straight line
Leasehold improvements 10 years straight line
Assets under construction not depreciated
Plant and machinery 20 % reducing balance
Vehicles 20 % reducing balance
Fixtures and fittings 15 % reducing balance
Office equipment 20 % reducing balance

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long- term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

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 includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

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, which include debtors and cash and bank balances, are measured initially at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Government grants

Government grants are recognised based on the performance model and measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.

A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Employee benefits

**Short term benefits**

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes

The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 124 131

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 September 2023 25,000 25,000
At 31 August 2024 25,000 25,000
Accumulated amortisation
At 01 September 2023 25,000 25,000
At 31 August 2024 25,000 25,000
Net book value
At 31 August 2024 0 0
At 31 August 2023 0 0

4. Tangible assets

Land and buildings Leasehold improve-
ments
Assets under construc-
tion
Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £ £ £ £
Cost
At 01 September 2023 414,527 1,112,179 23,767 71,588 134,574 253,231 137,460 2,147,326
Additions 23,767 67,955 0 7,675 10,000 14,797 5,966 130,160
Disposals 0 0 ( 23,767) ( 10,860) ( 16,594) 0 0 ( 51,221)
At 31 August 2024 438,294 1,180,134 0 68,403 127,980 268,028 143,426 2,226,265
Accumulated depreciation
At 01 September 2023 74,332 420,059 0 34,175 48,221 116,561 64,887 758,235
Charge for the financial year 11,893 116,419 0 6,319 20,218 22,720 15,708 193,277
Disposals 0 0 0 ( 4,344) ( 13,332) 0 0 ( 17,676)
At 31 August 2024 86,225 536,478 0 36,150 55,107 139,281 80,595 933,836
Net book value
At 31 August 2024 352,069 643,656 0 32,253 72,873 128,747 62,831 1,292,429
At 31 August 2023 340,195 692,120 23,767 37,413 86,353 136,670 72,573 1,389,091

Freehold land with a cost of £62,142 is not depreciated.

5. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 September 2023 100
At 31 August 2024 100
Provisions for impairment
At 01 September 2023 0
Impairment 100
At 31 August 2024 100
Carrying value at 31 August 2024 0
Carrying value at 31 August 2023 100

6. Debtors

2024 2023
£ £
Trade debtors 317,990 152,686
Amounts owed by Group undertakings 0 1,304
Corporation tax 128,214 138,279
Other debtors 171,236 209,934
617,440 502,203

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts (secured £ 14,803) 24,803 82,674
Trade creditors 136,030 107,349
Taxation and social security 189,283 271,409
Obligations under finance leases and hire purchase contracts (secured) 44,317 60,295
Other creditors 713,866 638,991
1,108,299 1,160,718

The above creditors include hire purchase obligations of £44,317 which are secured by the respective assets and also bank loans of £14,803 which are secured by the assets of the company.

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

2024 2023
£ £
Bank loans (secured £ 325,817) 333,911 346,369
Obligations under finance leases and hire purchase contracts 89,257 114,696
423,168 461,065

The above creditors include hire purchase obligations of £89,257 which are secured by the respective assets and also bank loans of £325,817 which are secured by the assets of the company.

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
500 Ordinary A shares of £ 1.00 each 500 500

10. Financial commitments

Commitments

2024 2023
£ £
Total future minimum lease payments under non-cancellable operating lease 151,167 244,661

11. Transactions with directors

S White

2024 2023
£ £
Opening balance 18,075 23,866
Advances to directors 24,159 18,075
Repayments by directors (26,115) (23,866)
16,119 18,075

J Church

2024 2023
£ £
Opening balance 5,929 800
Advances to directors 1,000 5,129
Repayments by directors (11,929) 0
(5,000) 5,929

The loans are unsecured and interest is charged at the official HMRC rate.