EMP Mail Order UK Ltd

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 5

EMP Mail Order UK Ltd

Balance Sheet

30 September 2025

	Note	2025 £	2024 £
Current assets
Stocks	4	50,878	9,776
Debtors	5	2,187,693	1,813,725
Cash at bank and in hand		29,249	157,964
		2,267,820	1,981,465
Creditors: Amounts falling due within one year	6	(892,157)	(937,259)
Net assets		1,375,663	1,044,206
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		1,374,663	1,043,206
Shareholder's funds		1,375,663	1,044,206

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 12 June 2026 and signed on its behalf by:
 

.........................................

Mr T Kuper

Director

Company Registration Number: 06323645

EMP Mail Order UK Ltd

Notes to the Financial Statements

Year Ended 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
c/o Francis Clark LLP
Melville Building East
Unit 18, 23 Royal William Yard
Plymouth
Devon
PL1 3GW

The principal place of business is:
EMP Merchandising Handelsgesellschaft mbH
Darmer Esch 70 a
49811 Lingen
Germany

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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 directors have satisfied themselves that the company is a going concern on the basis of continued financial support from its parent company which will provide sufficient working capital to fund EMP Mail Order UK Ltd for a period of 12 months from the date that the accounts are approved.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of Value Added Tax, returns, rebates and discounts and after eliminating sales within the company.

EMP Mail Order UK Ltd

Notes to the Financial Statements

Year Ended 30 September 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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.

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

EMP Mail Order UK Ltd

Notes to the Financial Statements

Year Ended 30 September 2025

Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

Customer returns provision
A provision for customer returns will be recognised by using the actual return percentage for the prior year sales period and applying it to the same period for the current year. This will be adjusted for any one off discounts which could give rise to additional returns.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2024 - 15).

4

Stocks

	2025 £	2024 £
Other inventories	50,878	9,776

5

Debtors

	Note	2025 £	2024 £
Trade debtors		170,305	97,137
Amounts owed by group undertakings	7	1,890,131	1,705,978
Other debtors		127,257	10,610
		2,187,693	1,813,725

EMP Mail Order UK Ltd

Notes to the Financial Statements

Year Ended 30 September 2025

6

Creditors

	2025 £	2024  £
Due within one year
Trade creditors	53,968	32,845
Corporation tax	-	345,108
Social security and other taxes	400,368	77,406
Other creditors	202,885	311,687
Accrued expenses	234,936	170,213
	892,157	937,259

7	Related party transactions

Summary of transactions with related parties

Group companies
 During the year the company made sales of £nil (2024 - £nil), purchases of £4,296,766 (2024 - £3,945,100) and incurred costs for other services of £2,314,193 (2024 - £1,405,810) with group companies. There are outstanding loans due to EMP Mail Order UK Ltd from group entities relating to the group cash pool. At the balance sheet date the amount due to EMP Mail Order UK Ltd from these companies was £1,950,131 (2024 - £1,705,978) which is comprised of £1,890,131 (2024 - £1,705,978) amounts owed by group undertakings and £60,000 (2024 - £nil) held within other debtors. Amounts due from EMP Mail Order UK Ltd to these companies was £nil (2024 - £nil).
 

8	Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report was James Barrett, who signed for and on behalf of PKF Francis Clark on 16 June 2026.

9	Parent and ultimate parent undertaking

The company's immediate parent is EMP Merchandising Handelsgesellschaft mbH, incorporated in Germany.

 The ultimate controlling party at the year end is Warner Music Group.