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Registration number: 07327511

Emerak Consulting Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Emerak Consulting Services Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Emerak Consulting Services Limited

Company Information

Director

C P Nolan

Registered office

Victoria House
26 Queen Victoria Street
READING
Berkshire
RG1 1TG

Accountants

Vale & West Accountancy Services Limited
Chartered Accountants
Victoria House
26 Queen Victoria House
Reading
Berkshire
RG1 1TG

 

Emerak Consulting Services Limited

(Registration number: 07327511)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,286

4,001

Current assets

 

Debtors

5

10,301

21,193

Cash at bank and in hand

 

1,009

8,117

 

11,310

29,310

Creditors: Amounts falling due within one year

6

(12,431)

(12,520)

Net current (liabilities)/assets

 

(1,121)

16,790

Total assets less current liabilities

 

1,165

20,791

Creditors: Amounts falling due after more than one year

6

(20,728)

(24,195)

Net liabilities

 

(19,563)

(3,404)

Capital and reserves

 

Called up share capital

500

500

Retained earnings

(20,063)

(3,904)

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:

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 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 director on 22 July 2025
 

.........................................
C P Nolan
Director

 

Emerak Consulting Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The address of its registered office is:
Victoria House
26 Queen Victoria Street
READING
Berkshire
RG1 1TG

These financial statements were authorised for issue by the director on 22 July 2025.

2

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)

2

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

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, and loans to related parties.

Short term debtors are measured at transaction price, less any impairment. Short term creditors are
measured at transaction price.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Emerak Consulting Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 August 2023

1,465

5,397

6,862

At 31 July 2024

1,465

5,397

6,862

Depreciation

At 1 August 2023

732

2,129

2,861

Charge for the year

366

1,349

1,715

At 31 July 2024

1,098

3,478

4,576

Carrying amount

At 31 July 2024

367

1,919

2,286

At 31 July 2023

733

3,268

4,001

5

Debtors

Current

2024
£

2023
£

Prepayments

-

32

Other debtors

10,301

21,161

 

10,301

21,193

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

3,778

3,996

Trade creditors

 

144

2,280

Taxation and social security

 

4,015

3,700

Accruals and deferred income

 

4,410

-

Other creditors

 

84

2,544

 

12,431

12,520

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)

6

Creditors (continued)

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

20,728

24,195