EMFRAN_LTD_31_Mar_2020_companies_house_set_of_accounts.html

EMFRAN_LTD_31_Mar_2020_companies_house_set_of_accounts.html

EMFRAN LTD - Company Information

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1 April 2019 4.5.9 limited_company_frs_102_section_1a_v1_0_4 companies_houseSoftwarefalsetruetruetrueNo description of principal activitytruexbrli:purexbrli:sharesiso4217:GBP100957692019-04-012020-03-31100957692020-03-31100957692019-03-3110095769core:WithinOneYear2020-03-3110095769core:WithinOneYear2019-03-3110095769core:ShareCapital2020-03-3110095769core:ShareCapital2019-03-3110095769core:RetainedEarningsAccumulatedLosses2020-03-3110095769core:RetainedEarningsAccumulatedLosses2019-03-3110095769bus:Director12019-04-012020-03-3110095769bus:RegisteredOffice2019-04-012020-03-311009576912019-04-012020-03-3110095769countries:EnglandWales2019-04-012020-03-3110095769bus:AuditExemptWithAccountantsReport2019-04-012020-03-3110095769bus:PrivateLimitedCompanyLtd2019-04-012020-03-3110095769bus:SmallEntities2019-04-012020-03-3110095769bus:FullAccounts2019-04-012020-03-31
Company registration number:
10095769
EMFRAN LTD
Unaudited Filleted Financial Statements for the year ended
31 March 2020
EMFRAN LTD
Report to the board of directors on the preparation of the unaudited statutory financial statements of EMFRAN LTD
Year ended
31 March 2020
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
EMFRAN LTD
for the year ended
31 March 2020
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Chartered Institute of Management Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com/​.
This report is made solely to the Board of Directors of
EMFRAN LTD
, as a body, in accordance with the terms of my engagement letter dated 1 May 2020. My work has been undertaken solely to prepare for your approval the
financial statements
of
EMFRAN LTD
and state those matters that I have agreed to state to the Board of Directors of
EMFRAN LTD
, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com/​. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
EMFRAN LTD
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
EMFRAN LTD
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and loss of
EMFRAN LTD
. You consider that
EMFRAN LTD
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of EMFRAN LTD. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
HARRISON ACCOUNTING LTD
THE BEECHES
LONGHILLS RD
CHURCH STRETTON
SHROPSHIRE
SY6 6DS
United Kingdom
Date:
1 May 2020
EMFRAN LTD
Statement of Financial Position
31 March 2020
20202019
Note££
Current assets    
Debtors 4 -  
9,206
 
Cash at bank and in hand
22
 
22
 
22
 
9,228
 
Creditors: amounts falling due within one year 5
(405
 )
(909
 )
Net current (liabilities)/assets
(383
 )
8,319
 
Total assets less current liabilities (383 ) 8,319  
Capital and reserves    
Called up share capital
10
 
10
 
Profit and loss account
(393
 )
8,309
 
Shareholders (deficit)/funds
(383
 )
8,319
 
For the year ending
31 March 2020
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
1 May 2020
, and are signed on behalf of the board by:
NOEL GILRONAN
Director
Company registration number:
10095769
EMFRAN LTD
Notes to the Financial Statements
Year ended
31 March 2020

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
47 LITTLE ASTON LANE
,
LITTLE ASTON
,
BIRMINGHAM
,
WEST MIDLANDS
,
B74 3UA
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Debtors

20202019
££
Amounts owed by group undertakings and undertakings in which the company has a participating interest -  
9,206
 

5 Creditors: amounts falling due within one year

20202019
££
Trade creditors
405
 
909