Registration number:
Emerak Consulting Services Limited
for the Year Ended 31 July 2024
Emerak Consulting Services Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Emerak Consulting Services Limited
Company Information
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Director |
C P Nolan |
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Registered office |
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Accountants |
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Emerak Consulting Services Limited
(Registration number: 07327511)
Balance Sheet as at 31 July 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current (liabilities)/assets |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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( |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
500 |
500 |
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Retained earnings |
(20,063) |
(3,904) |
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Shareholders' deficit |
(19,563) |
(3,404) |
For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Emerak Consulting Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
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General information |
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
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.
Going concern
The company has prepared its financial statements on a going concern basis as the director has
confirmed he will continue to support the entity for a period of twelve months from the date on which
the financial statements are signed.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable net of VAT and
trade discounts. Turnover relates to the sales within the UK market. The policy adopted for the
recognition of turnover is as follows:
Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the rendering of services
is recognised as the service is performed.
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.
Emerak Consulting Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)
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Accounting policies (continued) |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet 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
Tangible assets
Tangible assets are stated in the balance sheet 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:
Fixtures & Fittings - 25% on cost
Office Equipment - 25% on cost
Financial instruments
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, and loans to related parties.
Short term debtors are measured at transaction price, less any impairment. Short term creditors are
measured at transaction price.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Emerak Consulting Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)
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Tangible assets |
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Fixtures and fittings |
Office equipment |
Total |
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Cost or valuation |
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At 1 August 2023 |
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At 31 July 2024 |
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Depreciation |
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At 1 August 2023 |
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Charge for the year |
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At 31 July 2024 |
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Carrying amount |
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At 31 July 2024 |
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At 31 July 2023 |
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Debtors |
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Current |
2024 |
2023 |
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Prepayments |
- |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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Note |
2024 |
2023 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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- |
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Other creditors |
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Creditors: amounts falling due after more than one year
Emerak Consulting Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)
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Creditors (continued) |
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Note |
2024 |
2023 |
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Due after one year |
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Loans and borrowings |
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