Company Registration No. 04165970 (England and Wales)
EKM Global Limited
Unaudited accounts
for the year ended 31 January 2021
EKM Global Limited
Unaudited accounts
Contents
EKM Global Limited
Company Information
for the year ended 31 January 2021
Directors
C Bosher
J T Bosher
Company Number
04165970 (England and Wales)
Registered Office
Moreton House
31 High Street
Buckingham
Buckinghamshire
MK18 1NU
United Kingdom
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
EKM Global Limited
Statement of financial position
as at 31 January 2021
Tangible assets
7,103
10,059
Cash at bank and in hand
98,787
130,501
Creditors: amounts falling due within one year
(159,272)
(110,993)
Net current assets
1,147,135
897,442
Net assets
1,154,238
907,501
Called up share capital
750
750
Capital redemption reserve
250
250
Profit and loss account
1,153,238
906,501
Shareholders' funds
1,154,238
907,501
For the year ending 31 January 2021 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 April 2021 and were signed on its behalf by
J T Bosher
Director
Company Registration No. 04165970
EKM Global Limited
Notes to the Accounts
for the year ended 31 January 2021
EKM Global Limited is a private company, limited by shares, registered in England and Wales, registration number 04165970. The registered office is Moreton House, 31 High Street, Buckingham, Buckinghamshire, MK18 1NU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Computer equipment
33% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
EKM Global Limited
Notes to the Accounts
for the year ended 31 January 2021
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2020
546
25,595
26,141
At 31 January 2021
546
26,028
26,574
At 1 February 2020
138
15,944
16,082
Charge for the year
61
3,328
3,389
At 31 January 2021
199
19,272
19,471
At 31 January 2021
347
6,756
7,103
At 31 January 2020
408
9,651
10,059
Trade debtors
294,805
151,155
Amounts due from group undertakings etc.
839,981
635,049
Accrued income and prepayments
67,467
78,289
Total debtors less than one year
1,207,620
877,934
Total debtors
1,207,620
877,934
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
34,042
53,306
Taxes and social security
31,647
31,043
Other creditors
30,663
22,994
7
Transactions with related parties
Included in Turnover in the current year there are £619,798, (2020 - £357,716), cross charged invoices relating Advanced Technology Trading Company Limited, the parent company of EKM Global Limited.
Included in Other Direct Costs in the current year there are £90,915, (2020 - £200,399), cross charged expenses relating Advanced Technology Trading Company Limited, the parent company of EKM Global Limited.
At 31 January 2021, £896,648, (2020 - £635,049) was owed to EKM Global Limited from its parent company Advanced Technology Trading Company Limited.
EKM Global Limited
Notes to the Accounts
for the year ended 31 January 2021
8
Average number of employees
During the year the average number of employees was 21 (2020: 19).
