Emile Woolf International Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02468547

Emile Woolf International Limited

Filleted Unaudited Financial Statements

Year ended

31 December 2024

Emile Woolf International Limited

Financial Statements

Year ended 31 December 2024

Contents	Pages

Statement of financial position	1 to 2

Accounting policies	3 to 5

Notes to the financial statements	6 to 7

Emile Woolf International Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	4		77,484		104,379

Current assets

Debtors	5	3,886,350	3,786,352
Cash at bank and in hand		358,097	62,453
		------------	------------
		4,244,447	3,848,805

Creditors: amounts falling due within one year	6	2,765,024		2,765,179
		------------		------------
Net current assets			1,479,423		1,083,626
			------------		------------
Total assets less current liabilities			1,556,907		1,188,005

Creditors: amounts falling due after more than one year	7		52,897		56,705

Provisions	19,371	25,272
	------------	------------
Net assets	1,484,639	1,106,028
	------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,484,539	1,105,928
	------------	------------
Shareholder funds	1,484,639	1,106,028
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Emile Woolf International Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 22 August 2025 , and are signed on behalf of the board by:

Mr G R Durgan
Director

Company registration number: 02468547

Emile Woolf International Limited

Accounting Policies

Year ended 31 December 2024

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the profit and loss account. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the profit and loss account.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings	-	20% straight line
Motor Vehicles	-	25% straight line
Equipment	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Emile Woolf International Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Fielding House Jubilee Road, Littlewick Green, Maidenhead, Berkshire, SL6 3QU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2023: 4 ).

The employee benefits are not disclosed as permitted under Section 1A of FRS 102.

4. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 January 2024	2,009	107,828	64,632	174,469
Additions	–	–	2,316	2,316
	-------	---------	--------	---------
At 31 December 2024	2,009	107,828	66,948	176,785
	-------	---------	--------	---------
Depreciation
At 1 January 2024	2,009	6,739	61,342	70,090
Charge for the year	–	26,957	2,254	29,211
	-------	---------	--------	---------
At 31 December 2024	2,009	33,696	63,596	99,301
	-------	---------	--------	---------
Carrying amount
At 31 December 2024	–	74,132	3,352	77,484
	-------	---------	--------	---------
At 31 December 2023	–	101,089	3,290	104,379
	-------	---------	--------	---------

5. Debtors

	2024	2023
	£	£
Trade debtors	122,151	219,560
Amounts owed by group undertakings and undertakings in which the company has a participating interest	3,438,971	3,036,417
Other debtors	325,228	530,375
	------------	------------
	3,886,350	3,786,352
	------------	------------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	95,444	93,674
Amounts owed to group undertakings and undertakings in which the company has a participating interest	2,154,917	2,139,892
Social security and other taxes	196,909	200,063
Other creditors	317,754	331,550
	------------	------------
	2,765,024	2,765,179
	------------	------------

7. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Other creditors	52,897	56,705
	--------	--------

8. Director's advances, credits and guarantees

The director had loans advanced at the beginning of the year totalling £400,000. During the year £200,000 was repaid. The total amounts outstanding at the end of the year were £200,000. There are no fixed terms of repayment and the advances are interest free.