IRIS Accounts Production v25.1.4.42 07283344 Board of Directors 1.1.24 31.12.24 31.12.24 11.7.2025 true false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072833442023-12-31072833442024-12-31072833442024-01-012024-12-31072833442022-12-31072833442023-01-012023-12-31072833442023-12-3107283344ns15:EnglandWales2024-01-012024-12-3107283344ns14:PoundSterling2024-01-012024-12-3107283344ns10:Director12024-01-012024-12-3107283344ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3107283344ns10:SmallEntities2024-01-012024-12-3107283344ns10:Audited2024-01-012024-12-3107283344ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3107283344ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3107283344ns10:FullAccounts2024-01-012024-12-3107283344ns10:OrdinaryShareClass12024-01-012024-12-3107283344ns10:Director22024-01-012024-12-3107283344ns10:Director32024-01-012024-12-3107283344ns10:RegisteredOffice2024-01-012024-12-3107283344ns5:CurrentFinancialInstruments2024-12-3107283344ns5:CurrentFinancialInstruments2023-12-3107283344ns5:ShareCapital2024-12-3107283344ns5:ShareCapital2023-12-3107283344ns5:RetainedEarningsAccumulatedLosses2024-12-3107283344ns5:RetainedEarningsAccumulatedLosses2023-12-3107283344ns5:LeaseholdImprovements2024-01-012024-12-3107283344ns5:PlantMachinery2024-01-012024-12-3107283344ns5:FurnitureFittings2024-01-012024-12-3107283344ns5:MotorVehicles2024-01-012024-12-3107283344ns5:ComputerEquipment2024-01-012024-12-3107283344ns5:LeaseholdImprovements2023-12-3107283344ns5:PlantMachinery2023-12-3107283344ns5:FurnitureFittings2023-12-3107283344ns5:LeaseholdImprovements2024-12-3107283344ns5:PlantMachinery2024-12-3107283344ns5:FurnitureFittings2024-12-3107283344ns5:LeaseholdImprovements2023-12-3107283344ns5:PlantMachinery2023-12-3107283344ns5:FurnitureFittings2023-12-3107283344ns5:MotorVehicles2023-12-3107283344ns5:ComputerEquipment2023-12-3107283344ns5:MotorVehicles2024-12-3107283344ns5:ComputerEquipment2024-12-3107283344ns5:MotorVehicles2023-12-3107283344ns5:ComputerEquipment2023-12-3107283344ns5:CostValuation2023-12-3107283344ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3107283344ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3107283344ns5:WithinOneYear2024-12-3107283344ns5:WithinOneYear2023-12-3107283344ns5:BetweenOneFiveYears2024-12-3107283344ns5:BetweenOneFiveYears2023-12-3107283344ns5:AllPeriods2024-12-3107283344ns5:AllPeriods2023-12-3107283344ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 07283344 (England and Wales)















EMMEGI (UK) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






EMMEGI (UK) LIMITED (REGISTERED NUMBER: 07283344)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EMMEGI (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: I Latimer
G Furgeri
S Giust



REGISTERED OFFICE: 14 Spitfire Centre
Coventry Business Park
Coventry
West Midlands
CV5 6UR



REGISTERED NUMBER: 07283344 (England and Wales)



AUDITORS: Burrows Scarborough Limited
(Statutory Auditor)
Sovereign House
12 Warwick Street
Coventry
CV5 6ET



BANKERS: Barclays
Leicester
LE87 2BB

EMMEGI (UK) LIMITED (REGISTERED NUMBER: 07283344)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 24,160 33,227
Investments 6 2 2
24,162 33,229

CURRENT ASSETS
Stocks 405,060 381,725
Debtors 7 1,665,673 3,383,561
Prepayments and accrued income 60,159 64,043
Cash at bank and in hand 308,419 237,070
2,439,311 4,066,399
CREDITORS
Amounts falling due within one year 8 1,158,691 2,926,806
NET CURRENT ASSETS 1,280,620 1,139,593
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,304,782

1,172,822

ACCRUALS AND DEFERRED INCOME 167,607 153,880
NET ASSETS 1,137,175 1,018,942

CAPITAL AND RESERVES
Called up share capital 10 100,000 100,000
Retained earnings 1,037,175 918,942
SHAREHOLDERS' FUNDS 1,137,175 1,018,942

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 July 2025 and were signed on its behalf by:





G Furgeri - Director


EMMEGI (UK) LIMITED (REGISTERED NUMBER: 07283344)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Emmegi (UK) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Preparation of consolidated financial statements
The financial statements contain information about Emmegi (UK) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Voilap Trading S.R.L., Soliera (MO), Via Archimede, 10 Cap 41019, Italy..

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Machine sales

Machine sales are recognised in the accounts at the point of transfer of risk to the customer.

Parts, Servicing and other income

Are recognised at the point of supply of the parts and upon completion of servicing work carried out by the company engineers.

Machine rental income

Machine rental income is recognised on rentals due under a leasing agreement between the company and the lessee.

Interest receivable

Interest income is recognised as the company's right to receive payment is established.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost and 20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

EMMEGI (UK) LIMITED (REGISTERED NUMBER: 07283344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit & loss account, 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 balance sheet date.

Deferred tax
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 15 ) .

4. AUDITORS' REMUNERATION
2024 2023
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

8,020

7,710

EMMEGI (UK) LIMITED (REGISTERED NUMBER: 07283344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 48,457 19,492 18,059
Additions - - -
Disposals - - -
At 31 December 2024 48,457 19,492 18,059
DEPRECIATION
At 1 January 2024 48,457 14,087 16,818
Charge for year - 1,080 248
Eliminated on disposal - - -
At 31 December 2024 48,457 15,167 17,066
NET BOOK VALUE
At 31 December 2024 - 4,325 993
At 31 December 2023 - 5,405 1,241

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 37,241 75,949 199,198
Additions - 14,023 14,023
Disposals (24,244 ) - (24,244 )
At 31 December 2024 12,997 89,972 188,977
DEPRECIATION
At 1 January 2024 13,519 73,090 165,971
Charge for year 5,931 4,437 11,696
Eliminated on disposal (12,850 ) - (12,850 )
At 31 December 2024 6,600 77,527 164,817
NET BOOK VALUE
At 31 December 2024 6,397 12,445 24,160
At 31 December 2023 23,722 2,859 33,227

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 2
NET BOOK VALUE
At 31 December 2024 2
At 31 December 2023 2

EMMEGI (UK) LIMITED (REGISTERED NUMBER: 07283344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,039,284 669,368
Amounts owed by group undertakings 55,184 17,254
Other debtors 556,894 2,696,939
Tax 14,311 -
1,665,673 3,383,561

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 114,439 142,148
Trade creditors 97,762 117,034
Amounts owed to group undertakings 630,010 2,128,714
Tax - 58,901
Social security and other taxes 304,983 467,441
Other creditors 11,497 12,568
1,158,691 2,926,806

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 104,621 107,156
Between one and five years 33,410 109,151
138,031 216,307

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100,000 Ordinary £1 100,000 100,000

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Adam Bexon MChem FCA (Senior Statutory Auditor)
for and on behalf of Burrows Scarborough Limited

12. RELATED PARTY DISCLOSURES

All transactions not subject to the exemption have been conducted under normal market conditions.

13. ULTIMATE HOLDING COMPANY

The ultimate holding company, UP 29 S.r.l is privately owned by various individuals of which none hold individual control of the company. The company's registered address is as follows -Soliera (MO) Via Archimede 10 CAP 41019. Italy.

14. PARENT COMPANY

The company is directly owned by Voilap Trading Srl who at the balance sheet date own 100% of the issued share capital. This company is registered to the following address - Soliera (MO) VIA Archimede 10 CAP 41019.