E-Motion Systems Limited - Accounts to registrar (filleted) - small 18.2

E-Motion Systems Limited - Accounts to registrar (filleted) - small 18.2

E-MOTION SYSTEMS LIMITED - Company Information

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REGISTERED NUMBER: 04788997 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

E-MOTION SYSTEMS LIMITED
E-MOTION SYSTEMS LIMITED (REGISTERED NUMBER: 04788997)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


E-MOTION SYSTEMS LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2020







DIRECTOR: M S Evans



SECRETARY: Mrs T A Evans



REGISTERED OFFICE: 66 Gardeners Green
Shipton Bellinger
Tidworth
Wiltshire
SP9 7TA



REGISTERED NUMBER: 04788997 (England and Wales)



ACCOUNTANT: Richard Kyte Associates
Chartered Certified Accountant
126 Weyhill Road
Andover
Hampshire
SP10 3BE



BANKERS: National Westminster Bank
22 Chantry Way
Andover
Hampshire
SP10 1LL
Page 1
E-MOTION SYSTEMS LIMITED (REGISTERED NUMBER: 04788997)

BALANCE SHEET
30 September 2020

30.9.20 30.9.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 368 351

CURRENT ASSETS
Stocks 3,258 7,287
Debtors 5 7,709 12,415
Cash at bank 72,612 51,851
83,579 71,553
CREDITORS
Amounts falling due within one year 6 36,897 22,776
NET CURRENT ASSETS 46,682 48,777
TOTAL ASSETS LESS CURRENT
LIABILITIES
47,050
49,128

PROVISIONS FOR LIABILITIES 7 54 47
NET ASSETS 46,996 49,081

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 46,994 49,079
SHAREHOLDERS' FUNDS 46,996 49,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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 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 director and authorised for issue on 5 February 2021 and were signed by:





M S Evans - Director


The notes form part of these financial statements

Page 2
E-MOTION SYSTEMS LIMITED (REGISTERED NUMBER: 04788997)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2020

1. STATUTORY INFORMATION

E-Motion Systems Limited 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixture and Fittings - 15% on cost
Computer equipment - 25% on cost

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 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.

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 2 (2019 - 2 ) .

Page 3 continued...
E-MOTION SYSTEMS LIMITED (REGISTERED NUMBER: 04788997)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2020

4. TANGIBLE FIXED ASSETS
Fixture
and Computer
Fittings equipment Totals
£    £    £   
COST
At 1 October 2019 3,187 837 4,024
Additions - 333 333
At 30 September 2020 3,187 1,170 4,357
DEPRECIATION
At 1 October 2019 3,047 626 3,673
Charge for year 77 239 316
At 30 September 2020 3,124 865 3,989
NET BOOK VALUE
At 30 September 2020 63 305 368
At 30 September 2019 140 211 351

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Trade debtors 7,577 12,218
Social security and other tax - 197
VAT 49 -
Prepayments 83 -
7,709 12,415

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Bank loans and overdrafts 25,371 2,632
Trade creditors 4,175 7,254
Tax 4,525 9,333
Social security and other taxes 62 -
VAT - 1,558
Other creditors - 400
Directors' current accounts 1,424 259
Other creditors & accruals 1,340 1,340
36,897 22,776

7. PROVISIONS FOR LIABILITIES
30.9.20 30.9.19
£    £   
Deferred tax 54 47

Deferred
tax
£   
Balance at 1 October 2019 47
Provided during year 7
Balance at 30 September 2020 54

Page 4 continued...
E-MOTION SYSTEMS LIMITED (REGISTERED NUMBER: 04788997)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2020

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.9.20 30.9.19
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Retained
earnings
£   

At 1 October 2019 49,079
Profit for the year 18,915
Dividends (21,000 )
At 30 September 2020 46,994

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £21,000 (2019 - £29,500) were paid to the director .

The controlling party is M S Evans.

Amount due to related party at the balance sheet date was £1,424 (2019 - £259).

Page 5