EM Solutions Limited xbrl

EM Solutions Limited xbrl

EM SOLUTIONS LIMITED - Company Information

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EM Solutions Limited
 
 
Company Registration Number
03601445
 
 
Report of the Directors and
Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/01/2018
 
End date 31/12/2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
EM Solutions Limited
 
Contents of the Financial Statements
for the Period Ended 31 December 2018
 
 
Page
Company Information 3
 
Report of the Directors 4
 
Profit and Loss Account 5
 
Balance Sheet 6 - 7
 
Notes to the Financial Statements 8 - 12
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
EM Solutions Limited
 
Company Information
for the Period Ended 31 December 2018
 
Directors Brian John Wade
James Francis Pieri
 
 
Registered office Flat 3, 11 Wingfield Road
Whitchurch
Cardiff
CF14 1NJ
 
Company Registration Number 03601445
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
EM Solutions Limited
Directors Report
for the Period Ended 31 December 2018
The directors present their report with the financial statements of the company for the
period ended 31 December 2018
Principal activities
The principal activity of the company in the period under review was
Directors
The director(s) shown below have held office during the whole of the period
Brian John Wade
James Francis Pieri
Small Company Provisions
These accounts have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.
 
This report was approved by the board of directors on 2019-08-01
and signed on behalf of the board by
Name Brian John Wade
Status Director
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 4
EM Solutions Limited
 
Profit and Loss Account
for the Period Ended 31 December 2018
2018 2017
Notes £ £
 
Turnover 2 36,030 31,108
Cost of sales 27,533 22,200
______ ______
Gross Profit/(Loss) 8,497 8,908
 
Administrative expenses 425 2,222
______ ______
Operating costs 425 2,222
 
Other operating income 31,479
______ ______
Total other operating income/(loss) 0 31,479
______ ______
Operating Profit/(Loss) 8,072 38,165
______ ______
Profit/(Loss) on ordinary activities before taxation 8,072 38,165
 
____ _____
Profit/(Loss) for the financial period after taxation 8,072 38,165
There were no recognised gains or losses other than the profit/(loss) shown attributable to the
shareholders for the period ended 31 December 2018
 
The notes form part of these financial statements
 
 
 
 
 
 
 
 
 
Page 5
EM Solutions Limited
Balance Sheet
for the Period Ended 31 December 2018
Company registration number 03601445
2018 2017
Notes £ £
Fixed assets
Tangible fixed assets 3 661,062 661,062
_______ _______
Total fixed assets 661,062 661,062
Current assets
Cash at bank and in hand 5,692 9,220
_______ _______
Total current assets/(liabilities) 5,692 9,220
Creditors
Creditors - amounts falling
due within one year 4 164 764
_______ _______
Net current assets 5,528 8,456
_______ _______
Total assets less current liabilities 666,590 669,518
_______ _______
Creditors - amounts falling
due after more than one year 5 638,700 649,700
_______ _______
Long term creditors 638,700 649,700
_____ _____
Net assets/(liabilities) 27,890 19,818
Capital and reserves
Called up share capital 7 2 2
Profit and loss account 8 27,888 19,816
_____ _____
Total shareholders funds 27,890 19,818
 
 
 
 
 
 
 
 
 
Page 6
EM Solutions Limited
 
Balance Sheet
for the Period Ended 31 December 2018
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
 
For the year ending 31 December 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The members have agreed to the preparation of abridged accounts.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
 
The financial statements were approved by the Board of Directors on 2019-08-01
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name Brian John Wade
 
The notes form part of these financial statements
 
 
 
 
 
 
 
Page 7
EM Solutions Limited
Notes to the Financial Statements
for the Period Ended 31 December 2018
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
Going Concern
The company has a deficit on shareholders' funds and relies upon the support of its shareholders and creditors,which has been confirmed for a period of at least twelve months from the approval of the financial statements.Accordingly the directors have prepared the financial statements on the going concern basis.
Turnover
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.
Tangible fixed assets Depreciation
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings 40% first year only then 25% per annum reducing balance
Investment Properties
Investment Properties for which fair value can be measured reliably without undue cost or effort aremeasured at fair value at each reporting date with changes in fair value recognised in profit or loss.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 8
EM Solutions Limited
Notes to the Financial Statements
for the Period Ended 31 December 2018
2. Turnover 2018 2017
£ £
United Kingdom 36,030 31,108
_____ _____
Total 36,030 31,108
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9
EM Solutions Limited
Notes to the Financial Statements
for the Period Ended 31 December 2018
3. Tangible fixed assets
Land and Total
buildings
Cost £ £
At 1 January 2018 661,062 661,062
______ ______
At 31 December 2018 661,062 661,062
Depreciation
At 1 January 2018
At 31 December 2018
Net book value
At 31 December 2018 661,062 661,062
At 31 December 2017 661,062 661,062
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 10
EM Solutions Limited
Notes to the Financial Statements
for the Period Ended 31 December 2018
4. Creditors amounts falling due within one year 2018 2017
Other creditors 164 764
___ ___
Total 164 764
5. Creditors amounts falling due after more than one year 2018 2017
Bank loans 562,500 562,500
Other creditors 76,200 87,200
______ ______
Total 638,700 649,700
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 11
EM Solutions Limited
Notes to the Financial Statements
for the Period Ended 31 December 2018
6. Borrowings 2018 2017
The following loans are included within creditors £ £
Between two and five years 76,200 87,200
Over five years 562,500 562,500
______ ______
Total 638,700 649,700
7. Share capital 2018 2017
Authorised type Par value £ £
Ordinary 1 1,000 1,000
____ ____
Total 1,000 1,000
Allotted, called up and paid £ £
Ordinary 2 2
_ _
Total 2 2
8. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 January 2018 19,816
Profit/(Loss) for year 8,072
Dividends paid
_____
Retained Profit/(Loss) at 31 December 2018 27,888
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 12