3 3 Emersoft Limited 10977747 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is IT Digita Accounts Production Advanced 6.30.9574.0 true 10977747 2023-10-01 2024-09-30 10977747 2024-09-30 10977747 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-09-30 10977747 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-09-30 10977747 core:CurrentFinancialInstruments 2024-09-30 10977747 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 10977747 core:Non-currentFinancialInstruments 2024-09-30 10977747 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 10977747 core:OtherResidualIntangibleAssets 2024-09-30 10977747 core:FurnitureFittings 2024-09-30 10977747 core:OfficeEquipment 2024-09-30 10977747 bus:SmallEntities 2023-10-01 2024-09-30 10977747 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 10977747 bus:FilletedAccounts 2023-10-01 2024-09-30 10977747 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10977747 bus:RegisteredOffice 2023-10-01 2024-09-30 10977747 bus:Director1 2023-10-01 2024-09-30 10977747 bus:Director2 2023-10-01 2024-09-30 10977747 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10977747 core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-10-01 2024-09-30 10977747 core:IntangibleAssetsOtherThanGoodwill 2023-10-01 2024-09-30 10977747 core:OtherResidualIntangibleAssets 2023-10-01 2024-09-30 10977747 core:FurnitureFittings 2023-10-01 2024-09-30 10977747 core:OfficeEquipment 2023-10-01 2024-09-30 10977747 countries:EnglandWales 2023-10-01 2024-09-30 10977747 2023-09-30 10977747 core:OtherResidualIntangibleAssets 2023-09-30 10977747 core:FurnitureFittings 2023-09-30 10977747 core:OfficeEquipment 2023-09-30 10977747 2022-10-01 2023-09-30 10977747 2023-09-30 10977747 core:CurrentFinancialInstruments 2023-09-30 10977747 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 10977747 core:CurrentFinancialInstruments core:PreviouslyStatedAmount 2023-09-30 10977747 core:Non-currentFinancialInstruments 2023-09-30 10977747 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 10977747 core:FurnitureFittings 2023-09-30 10977747 core:OfficeEquipment 2023-09-30 xbrli:pure iso4217:GBP

Registration number: 10977747

Emersoft Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Emersoft Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Emersoft Limited

Company Information

Directors

Mr M S Ruman

Mr P Marciniuk

Registered office

71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

 

Emersoft Limited

(Registration number: 10977747)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

165

-

Tangible assets

5

3,593

4,777

Other financial assets

6

126,336

29,795

 

130,094

34,572

Current assets

 

Debtors

7

74,246

9,774

Cash at bank and in hand

 

2,490

125,010

 

76,736

134,784

Creditors: Amounts falling due within one year

8

(14,441)

(36,072)

Net current assets

 

62,295

98,712

Total assets less current liabilities

 

192,389

133,284

Creditors: Amounts falling due after more than one year

8

(29,274)

(25,320)

Provisions for liabilities

211

5,579

Net assets

 

163,326

113,543

Capital and reserves

 

Called up share capital

100

100

Retained earnings

163,226

113,443

Shareholders' funds

 

163,326

113,543

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Emersoft Limited

(Registration number: 10977747)
Balance Sheet as at 30 September 2024


 

Approved and authorised by the Board on 26 June 2025 and signed on its behalf by:
 

.........................................
Mr M S Ruman
Director

   
     

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Emersoft Limited

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

1

General information

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

The address of its registered office is:
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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; t is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Profit and loss account transactions in foreign currencies are translated into sterling at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the closing rates at the balance sheet date and the exchange differences are included in the profit and loss account.

Tax

The tax expense for the period comprises current and deferred 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.

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.

 

Emersoft Limited

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


Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are stated in the statement of financial position 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

Office equipment

18% straight line

Furniture and fittings

25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Rights to photographs

25% straight line

Non-fungible tokens

Not amortised as has an indefinite life

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.

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.

 

Emersoft Limited

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

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Emersoft Limited

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

4

Intangible assets

Other intangible assets
£

Total
£

Cost or valuation

At 1 October 2023

3,919

3,919

Additions acquired separately

165

165

At 30 September 2024

4,084

4,084

Amortisation

At 1 October 2023

3,919

3,919

At 30 September 2024

3,919

3,919

Carrying amount

At 30 September 2024

165

165

5

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 October 2023

465

13,000

13,465

At 30 September 2024

465

13,000

13,465

Depreciation

At 1 October 2023

235

8,454

8,689

Charge for the year

57

1,126

1,183

At 30 September 2024

292

9,580

9,872

Carrying amount

At 30 September 2024

173

3,420

3,593

At 30 September 2023

230

4,547

4,777

 

Emersoft Limited

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

6

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 October 2023

29,796

-

29,796

Revaluations

-

(3,005)

(3,005)

Additions

635,427

-

635,427

Disposals

-

(535,882)

(535,882)

At 30 September 2024

665,223

(538,887)

126,336

Impairment

Carrying amount

At 30 September 2024

665,223

(538,887)

126,336

7

Debtors

Current

2024
£

2023
£

Trade debtors

834

7,410

Prepayments

15

16

Other debtors

73,397

2,348

 

74,246

9,774

Included within Other debtors is a balance of £41,818 (2023: £12,786 creditor) in relation to the overdrawn directors' loan accounts. The directors' have confirmed that these balances will be repaid within 9 months and one day after the yearend and as such, no section 455 tax has been charged.

 

Emersoft Limited

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

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

6,195

17,230

Trade creditors

 

186

174

Taxation and social security

 

4,346

15,387

Accruals and deferred income

 

3,668

3,189

Other creditors

 

46

92

 

14,441

36,072

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

29,274

25,320

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

29,274

25,320


 

2024
£

2023
£

Current loans and borrowings

Bank borrowings

-

4,444

Bank overdrafts

6,195

-

Director's loan accounts

-

12,786

6,195

17,230