EGMG Ltd - Accounts to registrar (filleted) - small 18.2

EGMG Ltd - Accounts to registrar (filleted) - small 18.2

EGMG LTD - Company Information

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REGISTERED NUMBER: 09211794 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2019

for

EGMG Ltd
EGMG Ltd (Registered number: 09211794)






Contents of the Financial Statements
for the Year Ended 30 September 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EGMG Ltd

Company Information
for the Year Ended 30 September 2019







DIRECTOR: M J Gerrard





REGISTERED OFFICE: Unit A2
Beaumont Road
Banbury
Oxfordshire
OX16 1RH





REGISTERED NUMBER: 09211794 (England and Wales)





ACCOUNTANTS: Handleys Chartered Accountants
10 Manor Park
Banbury
Oxfordshire
OX16 3TB
Page 1
EGMG Ltd (Registered number: 09211794)

Balance Sheet
30 September 2019

30.9.19 30.9.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 64,341 31,470

CURRENT ASSETS
Stocks 306,553 268,211
Debtors 5 362,808 155,096
Cash at bank 23,720 8,453
693,081 431,760
CREDITORS
Amounts falling due within one year 6 423,321 215,336
NET CURRENT ASSETS 269,760 216,424
TOTAL ASSETS LESS CURRENT
LIABILITIES
334,101
247,894

PROVISIONS FOR LIABILITIES 12,225 -
NET ASSETS 321,876 247,894

CAPITAL AND RESERVES
Called up share capital 11 1
Retained earnings 321,865 247,893
321,876 247,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 notes form part of these financial statements

Page 2 continued...
EGMG Ltd (Registered number: 09211794)

Balance Sheet - continued
30 September 2019


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 June 2020
and were signed by:





M J Gerrard - Director


The notes form part of these financial statements

Page 3
EGMG Ltd (Registered number: 09211794)

Notes to the Financial Statements
for the Year Ended 30 September 2019

1. STATUTORY INFORMATION

EGMG 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.

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 recognised at the fair value of the consideration received or receivable for goods
and services provided in the normal course of business, and is shown net of value added tax
and other sales related taxes. The fair value of consideration takes into account trade
discounts, settlement discounts and volume rebates. For sales of goods, the turnover is
shown net of distribution and carriage charges.

Revenue from sale of goods is recognised when significant risks and rewards of ownership
have been transferred to the buyer, when the amount of revenue can be measured reliably,
when it is probable that the economic benefits associated with the transaction will flow to the
entity and when the costs incurred or to be incurred in respect of the transaction can be
measured reliably.

Revenue from sale of services is recognised when the stage of completion of the transaction
can be measured reliably.

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 - straight line over 3 years and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

Taxation
Taxation for the year 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.


Page 4 continued...
EGMG Ltd (Registered number: 09211794)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2019

2. ACCOUNTING POLICIES - continued
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.

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 10 (2018 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2018 45,772
Additions 60,773
At 30 September 2019 106,545
DEPRECIATION
At 1 October 2018 14,302
Charge for year 27,902
At 30 September 2019 42,204
NET BOOK VALUE
At 30 September 2019 64,341
At 30 September 2018 31,470

Page 5 continued...
EGMG Ltd (Registered number: 09211794)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2019

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.19 30.9.18
£    £   
Trade debtors 320,402 143,764
Other debtors 42,406 11,332
362,808 155,096

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.19 30.9.18
£    £   
Bank loans and overdrafts 125,000 146,429
Trade creditors 73,223 14,605
Taxation and social security 80,370 30,870
Other creditors 144,728 23,432
423,321 215,336

Page 6