Emerak Consulting Services Limited - Accounts to registrar (filleted) - small 18.2

Emerak Consulting Services Limited - Accounts to registrar (filleted) - small 18.2

EMERAK CONSULTING SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 07327511 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2020

FOR

EMERAK CONSULTING SERVICES LIMITED
EMERAK CONSULTING SERVICES LIMITED (REGISTERED NUMBER: 07327511)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EMERAK CONSULTING SERVICES LIMITED


COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2020







DIRECTOR: C P Nolan





REGISTERED OFFICE: Victoria House
26 Queen Victoria Street
Reading
Berkshire
RG1 1TG





REGISTERED NUMBER: 07327511 (England and Wales)
Page 1
EMERAK CONSULTING SERVICES LIMITED (REGISTERED NUMBER: 07327511)


BALANCE SHEET
31 JULY 2020

31.7.20 31.7.19
Notes £    £   
CURRENT ASSETS
Debtors 5 36,537 28,091
Cash at bank 5,423 16,201
41,960 44,292
CREDITORS
Amounts falling due within one year 6 41,447 28,966
NET CURRENT ASSETS 513 15,326
TOTAL ASSETS LESS CURRENT
LIABILITIES
513
15,326

CREDITORS
Amounts falling due after more than one
year
7
-
11,343
NET ASSETS 513 3,983

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 13 3,483
513 3,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 notes form part of these financial statements

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EMERAK CONSULTING SERVICES LIMITED (REGISTERED NUMBER: 07327511)


BALANCE SHEET - continued
31 JULY 2020


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 26 April 2021 and were signed by:





C P Nolan - Director


The notes form part of these financial statements

Page 3
EMERAK CONSULTING SERVICES LIMITED (REGISTERED NUMBER: 07327511)


NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2020

1. STATUTORY INFORMATION

Emerak Consulting Services 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.

Emerak Consulting Services Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office are as below:

Registered number: 07327511

Registered office: Victoria House
26 Queen Victoria Street
Reading
Berkshire
RG1 1TG

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity of the company in the year under review was that of consulting services.

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 net of VAT and trade discounts. Turnover relates to the sales within the UK market. The policy adopted for the recognition of turnover is as follows:

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the rendering of services is recognised as the service is performed.

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 - 25% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Short term debtors are measured at transaction price, less any impairment. Short term creditors are measured at transaction price.

Page 4 continued...
EMERAK CONSULTING SERVICES LIMITED (REGISTERED NUMBER: 07327511)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2020

2. ACCOUNTING POLICIES - continued

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.

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.

Going concern
The company has prepared its financial statements on a going concern basis as the director has confirmed he will continue to support the entity for a period of twelve months from the date on which the financial statements are signed.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2019
and 31 July 2020 9,342
DEPRECIATION
At 1 August 2019
and 31 July 2020 9,342
NET BOOK VALUE
At 31 July 2020 -
At 31 July 2019 -

Page 5 continued...
EMERAK CONSULTING SERVICES LIMITED (REGISTERED NUMBER: 07327511)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2020

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.20 31.7.19
£    £   
Trade debtors - 6,210
Other debtors 36,537 21,881
36,537 28,091

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.20 31.7.19
£    £   
Bank loans and overdrafts 12,531 8,454
Trade creditors 2,568 133
Taxation and social security 22,459 16,732
Other creditors 3,889 3,647
41,447 28,966

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.20 31.7.19
£    £   
Bank loans - 11,343

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2020 and 31 July 2019:

31.7.20 31.7.19
£    £   
C P Nolan
Balance outstanding at start of year 16,730 15,850
Amounts advanced 5,656 880
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,386 16,730

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