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REGISTERED NUMBER: 03225218 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Embedded Signal Processing Ltd.

Embedded Signal Processing Ltd. (Registered number: 03225218)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Embedded Signal Processing Ltd.

Company Information
for the Year Ended 30 September 2024







DIRECTORS: J M Collins
Dr H S Erwood
C E Erwood





SECRETARY: Dr H S Erwood





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





REGISTERED NUMBER: 03225218 (England and Wales)





ACCOUNTANTS: Reid & Fraser
Chartered Accountants
15 Princes Street
Thurso
Caithness
KW14 7BQ

Embedded Signal Processing Ltd. (Registered number: 03225218)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 9,510 9,152

CURRENT ASSETS
Debtors 5 291,846 260,024
Cash at bank 168,691 126,685
460,537 386,709
CREDITORS
Amounts falling due within one year 6 (131,944 ) (91,355 )
NET CURRENT ASSETS 328,593 295,354
TOTAL ASSETS LESS CURRENT
LIABILITIES

338,103

304,506

PROVISIONS FOR LIABILITIES (2,346 ) (1,739 )
NET ASSETS 335,757 302,767

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 335,657 302,667
335,757 302,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Embedded Signal Processing Ltd. (Registered number: 03225218)

Statement of Financial Position - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2025 and were signed on its behalf by:




Dr H S Erwood - Director C E Erwood - Director




J M Collins - Director


Embedded Signal Processing Ltd. (Registered number: 03225218)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Embedded Signal Processing Ltd. 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% 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 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 10 ) .

Embedded Signal Processing Ltd. (Registered number: 03225218)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 32,756
Additions 3,528
At 30 September 2024 36,284
DEPRECIATION
At 1 October 2023 23,604
Charge for year 3,170
At 30 September 2024 26,774
NET BOOK VALUE
At 30 September 2024 9,510
At 30 September 2023 9,152

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 285,234 257,256
Other debtors 6,612 2,768
291,846 260,024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,922 30,228
Trade creditors 73,751 43,879
Taxation and social security 47,114 17,091
Other creditors 157 157
131,944 91,355

7. CALLED UP SHARE CAPITAL

The original shareholders have disposed of their shares and these are now held by the Trustees of the Embedded Signal Processing Ltd Employee Ownership Trust. The company is now wholly owned by the Trustees of the Embedded Signal Processing Ltd Employee Ownership Trust.

The original shareholders hold a floating charge which covers all the property or undertaking of the company.

Embedded Signal Processing Ltd. (Registered number: 03225218)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. RESERVES

During the year payments from reserves to the original shareholders were £57,072 (2023 - £53,264).
£
Opening reserves at 1 October 2023302,667
Payments to original Shareholders(57,072)
Payments to EOT members(18,000)
227,595
Profit for the year138,099
Closing reserves at 30 September 2024365,694