Emtec Energy Midlands Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09692354 (England and Wales)

Financial Statements for the Year Ended 31 May 2019

for

EMTEC ENERGY MIDLANDS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M McCabe

A McCabe

J G Workman

S P Stevenson

C J Clark

REGISTERED OFFICE:

First Floor Gladstone House

Gladston Drive

Bristol

BS16 4RU

REGISTERED NUMBER:

09692354 (England and Wales)

AUDITORS:

Sharles Audit Limited

Statutory Auditor

29 Brandon Street

Hamilton

ML3 6DA

CURRENT ASSETS

Debtors

5

5,841

16,760

Cash at bank

7,499

5,998

13,340

22,758

CREDITORS

Amounts falling due within one year

6

7,243

21,992

NET CURRENT ASSETS

6,097

766

TOTAL ASSETS LESS CURRENT LIABILITIES

6,097

766

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

5,897

566

SHAREHOLDERS' FUNDS

6,097

766

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 February 2020 and were signed on its behalf by:

S P Stevenson - Director

1.	STATUTORY INFORMATION

Emtec Energy Midlands Ltd 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.

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

2.	STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover and revenue recognition

Turnover is derived from the various activities of the company operating as a contractor.

Turnover therefore represents the fair value of work done and service supplied, net of discounts and excluding

value added tax, and is recognised at the point that the company obtains the right to consideration.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2018 - 5 ) .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts recoverable on contracts

1,780

12,699

Other debtors

4,061

4,061

5,841

16,760

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

-

5,299

Amounts owed to group undertakings

7,034

15,844

Taxation and social security

200

90

Other creditors

9

759

7,243

21,992

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Keith Edwards (Senior Statutory Auditor)

for and on behalf of Sharles Audit Limited

8.	RELATED PARTY DISCLOSURES

The company has an intercompany loan balance with Emtec Group Ltd and its subsidiary undertakings. The loan

is unsecured, interest free and has no fixed repayment terms. At the year end the company owed Emtec Group

Ltd and its subsidiary undertakings £7,034 (2018 - £15,844).

During the year a debt of £8,810 (2018 - £nil) which had been due by the company to Emtec Group Ltd and its

subsidiary undertakings was written off.

9.	CONTROLLING PARTY

The controlling party is Emtec Energy Ltd.

The ultimate controlling party is Emtec Group Ltd.