Expatriate Management Services Ltd - Accounts to registrar (filleted) - small 18.2
Expatriate Management Services Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| EXPATRIATE MANAGEMENT SERVICES LTD |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 JULY 2018 |
| EXPATRIATE MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 04837506) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 29 JULY 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| EXPATRIATE MANAGEMENT SERVICES LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 29 JULY 2018 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| EXPATRIATE MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 04837506) |
| BALANCE SHEET |
| 29 JULY 2018 |
| 2018 | 2017 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| EXPATRIATE MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 04837506) |
| BALANCE SHEET - continued |
| 29 JULY 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| EXPATRIATE MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 04837506) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 29 JULY 2018 |
| 1. | STATUTORY INFORMATION |
| Expatriate Management Services Ltd is a |
| and Wales. The company's registered number and registered office address can be found on the |
| Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on a going concern basis which is dependent on the |
| continued support of the company's director. The director has indicated his intention to provide |
| financial support for a period of not less than 12 months from the date of signing the accounts. On this |
| basis, the director considers it appropriate to prepare the financial statements on a going concern |
| basis. The financial statements do not include any adjustments that would result from a withdrawal of |
| such financial support. |
| Turnover |
| Turnover represents net invoiced sale of services, excluding value added tax. |
| Tangible fixed assets |
| Office furniture | - |
| Computer software | - |
| Computer equipment | - |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
| 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 year 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. |
| EXPATRIATE MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 04837506) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 29 JULY 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at |
| the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of |
| exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at |
| the operating result. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
| period of the lease. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Office | Computer | Computer |
| furniture | software | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 30 July 2017 |
| Additions |
| At 29 July 2018 |
| DEPRECIATION |
| At 30 July 2017 |
| Charge for year |
| At 29 July 2018 |
| NET BOOK VALUE |
| At 29 July 2018 |
| At 29 July 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| EXPATRIATE MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 04837506) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 29 JULY 2018 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| The bank overdraft is secured by personal guarantee provided by the Director and by way of a fixed |
| and floating debenture over the assets of the company. |
| 9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| During the year the company made net payments of £5,000 (2017 - £15,595) to P L Holland and he |
| advanced the company £11,184 (2017 - £490). Interest has been charged at 3% on the average |
| balance owed to the company during the year, which amount to £1,390 (2017 - £1,515). |
| At the year end P L Holland owed the company £47,725 (2017 - £52,523). |
| 10. | RELATED PARTY DISCLOSURES |
| During the year the company settled invoices addressed to NRN (UK) Limited of £Nil (2017 - £2,927). |
| At the year end the intercompany balance was £10,953 (2017 - £10,953). |
| NRN (UK) Limited is a related party of Expatriate Management Services Limited by virtue of being |
| under common control. |
| During the year the company paid dividends of £24,000 (2017 - £10,000) to the directors. |
| 11. | ULTIMATE CONTROLLING PARTY |
| The company was controlled throughout the year by P L Holland who, together with E K Holland, owns |
| 100% of the issued share capital of the company. |