EMZ CONSULTANTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 DECEMBER 2024
Company Registration Number: 06332722
EMZ CONSULTANTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
CONTENTS PAGES
Company information 1
Balance sheet 2 to 3
Notes to the financial statements 4 to 8
EMZ CONSULTANTS LTD
COMPANY INFORMATION
FOR THE PERIOD ENDED 31 DECEMBER 2024
DIRECTOR
E M Zijderveld
SECRETARY
N R Zijderveld
REGISTERED OFFICE
13 Townside
Haddenham
Aylesbury
Bucks
HP17 8BG
COMPANY REGISTRATION NUMBER
06332722 England and Wales
EMZ CONSULTANTS LTD
BALANCE SHEET
AS AT 31 DECEMBER 2024
Notes 31 December 2024 31 August 2023
£ £
FIXED ASSETS
Tangible assets 5 19,770 4,089
CURRENT ASSETS
Debtors 6 20,040 16,397
Cash at bank and in hand 119,753 41,753
139,793 58,150
CREDITORS: Amounts falling due within one year 7 102,312 87,359
NET CURRENT ASSETS / (LIABILITIES) 37,481 (29,209)
TOTAL ASSETS LESS CURRENT LIABILITIES 57,251 (25,120)
Provisions for liabilities and charges 2,369 1,022
NET ASSETS / (LIABILITIES) 54,882 (26,142)
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Distributable profit and loss account 53,882 (27,142)
SHAREHOLDERS' FUNDS / (DEFICIT) 54,882 (26,142)
EMZ CONSULTANTS LTD
BALANCE SHEET
AS AT 31 DECEMBER 2024
These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
For the financial period ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.
Signed on behalf of the board
E M Zijderveld
Director
Date approved by the board: 23 September 2025
EMZ CONSULTANTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
1 GENERAL INFORMATION
EMZ Consultants Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:
13 Townside
Haddenham
Aylesbury
Bucks
HP17 8BG
The financial statements are presented in Sterling, which is the functional currency of the company.
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of preparation of financial statements
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.
Going concern
The accounts have been drawn up on the going concern basis. The company owes its creditors £102,312 which could be required for repayment without notice. The company is therefore dependent upon the continued support of its creditors. The director does not consider the support of its creditors likely to be withdrawn.
If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets.
Revenue recognition
Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of IT consultancy services as soon as there is a right to consideration and is determined by reference to the value of the work performed. Turnover is stated net of trade discounts and value added tax.
The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.
EMZ CONSULTANTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Tangible fixed assets
Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.
Depreciation has been provided at the following rate so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.
Computer equipment Straight line basis at 25% per annum
Office equipment Straight line basis at 25% per annum
Leasehold improvements Reducing balance basis at 10% per annum
On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.
Financial Instruments
A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.
Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.
Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.
Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.
Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
EMZ CONSULTANTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.
If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.
Debtors
Short term debtors are measured at transaction price, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. 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 taxable profits.
Deferred tax is measured using 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.
Current and deferred tax assets and liabilities are not discounted.
EMZ CONSULTANTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Pensions
The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the period are shown as either accruals or prepayments in the balance sheet.
3 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
No significant accounting estimates and judgements have had to be made by the director in preparing these financial statements.
4 EMPLOYEES
The average number of persons employed by the company (including the director) during the period / year was:
31/12/2024 31/08/2023
Average number of employees 2 2
5 TANGIBLE ASSETS
Computer equipment Office equipment Leasehold improvements Total
£ £ £ £
Cost
At 1 September 2023 6,362 - - 6,362
Additions 4,129 3,070 12,065 19,264
At 31 December 2024 10,491 3,070 12,065 25,626
Accumulated depreciation and impairments
At 1 September 2023 2,273 - - 2,273
Charge for period 2,495 525 563 3,583
At 31 December 2024 4,768 525 563 5,856
Net book value
At 1 September 2023 4,089 - - 4,089
At 31 December 2024 5,723 2,545 11,502 19,770
EMZ CONSULTANTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
6 DEBTORS
31/12/2024 31/08/2023
£ £
Prepayments and accrued income 20,040 -
Other debtors - 16,397
20,040 16,397
7 CREDITORS: Amounts falling due within one year
31/12/2024 31/08/2023
£ £
Taxation and social security 98,812 85,230
Accruals and deferred income 3,500 1,862
Other creditors - 267
102,312 87,359
8 RELATED PARTY TRANSACTIONS
During the period / year, the following transactions with related parties took place:
31/12/2024 31/08/2023
£ £
E M Zijderveld
Director
Advances to company The director has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the period / year end, the company owed the director the following amount: - 267
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