Emerak Consulting Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07327511 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2017 TO 31 JULY 2018

FOR

EMERAK CONSULTING SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C P Nolan

REGISTERED OFFICE:

Victoria House

26 Queen Victoria Street

Reading

Berkshire

RG1 1TG

REGISTERED NUMBER:

07327511 (England and Wales)

FIXED ASSETS

Tangible assets

4

844

2,249

CURRENT ASSETS

Debtors

5

35,301

24,407

Cash at bank

752

2,701

36,053

27,108

CREDITORS

Amounts falling due within one year

6

18,474

41,640

NET CURRENT ASSETS/(LIABILITIES)

17,579

(14,532

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,423

(12,283

)

CREDITORS

Amounts falling due after more than one year

7

15,168

17,833

NET ASSETS/(LIABILITIES)

3,255

(30,116

)

CAPITAL AND RESERVES

Called up share capital

500

500

Retained earnings

2,755

(30,616

)

3,255

(30,116

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 29 April 2019 and were signed by:

C P Nolan - Director

1.	STATUTORY INFORMATION

Emerak Consulting Services Limited is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address can be found on the

Company Information page.

Emerak Consulting Services Limited is a private company, limited by shares, registered in England

and Wales. The company's registered number and registered office are as below:

Registered number: 07327511

Registered office: Victoria House

26 Queen Victoria Street

Reading

Berkshire

RG1 1TG

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity of the company in the year under review was that of consulting services.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and

trade discounts. Turnover relates to the sales within the UK market. The policy adopted for the

recognition of turnover is as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from the rendering of services

is recognised as the service is performed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss

Account, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the period end and that are

expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The company has prepared its financial statements on a going concern basis as the director has

confirmed he will continue to support the entity for a period of twelve months from the date on which

the financial statements are signed.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of

financial assets and liabilities like trade and other debtors and creditors, loans from banks and other

third parties, and loans to related parties.

Short term debtors are measured at transaction price, less any impairment. Short term creditors are

measured at transaction price."

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2017

and 31 July 2018

9,342

DEPRECIATION

At 1 April 2017

7,093

Charge for period

1,405

At 31 July 2018

8,498

NET BOOK VALUE

At 31 July 2018

844

At 31 March 2017

2,249

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.3.17

£

£

Trade debtors

14,300

-

Other debtors

21,001

24,407

35,301

24,407

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.3.17

£

£

Bank loans and overdrafts

7,249

2,001

Trade creditors

-

2,303

Taxation and social security

5,125

2,016

Other creditors

6,100

35,320

18,474

41,640

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.18

31.3.17

£

£

Bank loans

15,168

17,833

31.7.18

31.3.17

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

7,168

7,828

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 July 2018 and

the year ended 31 March 2017:

31.7.18

31.3.17

£

£

C P Nolan

Balance outstanding at start of period

-

-

Amounts advanced

15,850

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

15,850

-