Registered number
11048794
Ermah UK Ltd
Filleted Accounts
30 November 2024
Ermah UK Ltd
Registered number: 11048794
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 100,000 100,000
Tangible assets 4 10,110 12,933
110,110 112,933
Current assets
Stocks 32,500 17,500
Debtors 5 6,465 1,739
Cash at bank and in hand 8,110 47,631
47,075 66,870
Creditors: amounts falling due within one year 6 (32,938) (12,554)
Net current assets 14,137 54,316
Total assets less current liabilities 124,247 167,249
Creditors: amounts falling due after more than one year 7 (1,308) (72,029)
Net assets 122,939 95,220
Capital and reserves
Called up share capital 100 100
Profit and loss account 122,839 95,120
Shareholder's funds 122,939 95,220
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Eylem Kara
Director
Approved by the board on 26 August 2025
Ermah UK Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2023 100,000
At 30 November 2024 100,000
Amortisation
At 30 November 2024 -
Net book value
At 30 November 2024 100,000
At 30 November 2023 100,000
Goodwill is not being written off.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2023 2,557 12,750 15,307
At 30 November 2024 2,557 12,750 15,307
Depreciation
At 1 December 2023 653 1,721 2,374
Charge for the year 528 2,295 2,823
At 30 November 2024 1,181 4,016 5,197
Net book value
At 30 November 2024 1,376 8,734 10,110
At 30 November 2023 1,904 11,029 12,933
5 Debtors 2024 2023
£ £
Trade debtors 6,465 1,739
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 232 4,629
Taxation and social security costs 8,194 7,926
Other creditors 24,512 (1)
32,938 12,554
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,308 6,546
Other creditors - 65,483
1,308 72,029
8 Related party transactions
Eylem Kara
Director
As at balance sheet date, the company owed its director £24,512 (2023: £65,483) which has been included under other creditors due within one year.
9 Controlling party
The company is under the direct control of its own director and shareholder, Eylem Kara.
10 Other information
Ermah UK Ltd is a private company limited by shares and incorporated in England. Its registered office is:
93 Farm Hill Road
Waltham Abbey
London
EN9 1NH
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