EMBRACE TECHNOLOGY SOLUTIONS LIMITED

EMBRACE TECHNOLOGY SOLUTIONS LIMITED

EMBRACE TECHNOLOGY SOLUTIONS LIMITED - Company Information

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EMBRACE TECHNOLOGY SOLUTIONS LIMITED

Company Registration Number:
08508469 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2019

Period of accounts

Start date: 01 July 2018

End date: 30 June 2019

EMBRACE TECHNOLOGY SOLUTIONS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2019

Balance sheet
Notes

EMBRACE TECHNOLOGY SOLUTIONS LIMITED

Balance sheet

As at 30 June 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 2 1,396 1,202
Total fixed assets: 1,396 1,202
Current assets
Stocks: 531 877
Debtors:   11,038 11,530
Cash at bank and in hand: 11,524 9,874
Total current assets: 23,093 22,281
Creditors: amounts falling due within one year:   (20,722) (22,952)
Net current assets (liabilities): 2,371 (671)
Total assets less current liabilities: 3,767 531
Total net assets (liabilities): 3,767 531
Capital and reserves
Called up share capital: 500 500
Profit and loss account: 3,267 31
Shareholders funds: 3,767 531

The notes form part of these financial statements

EMBRACE TECHNOLOGY SOLUTIONS LIMITED

Balance sheet statements

For the year ending 30 June 2019 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 March 2020
and signed on behalf of the board by:

Name: M Patterson
Status: Director

The notes form part of these financial statements

EMBRACE TECHNOLOGY SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Fixtures fittings and equipment - 15% straight line

EMBRACE TECHNOLOGY SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

2. Tangible Assets

Total
Cost £
At 01 July 2018 1,821
Additions 479
At 30 June 2019 2,300
Depreciation
At 01 July 2018 619
Charge for year 285
At 30 June 2019 904
Net book value
At 30 June 2019 1,396
At 30 June 2018 1,202