Emstra Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08339328 (England and Wales)

Audited Financial Statements

For The Year Ended 30th April 2022

for

Emstra Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

D J Attwood

Mrs D G Attwood

R Attwood

I D Attwood

REGISTERED OFFICE:

Sharvatt House

Innsworth Technology Park

Innsworth Lane

Gloucester

Gloucestershire

GL3 1DL

REGISTERED NUMBER:

08339328 (England and Wales)

SENIOR STATUTORY AUDITOR:

Graham Wildin

AUDITORS:

Wildin (Accountants & Auditors) Ltd

Accountants

& Statutory Auditors

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

FIXED ASSETS

Tangible assets

4

2,492,295

2,538,820

CURRENT ASSETS

Stocks

5

2,500

2,500

Debtors

6

48,798

25,301

Cash at bank

128

128

51,426

27,929

CREDITORS

Amounts falling due within one year

7

2,841,080

2,802,106

NET CURRENT LIABILITIES

(2,789,654

)

(2,774,177

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(297,359

)

(235,357

)

PROVISIONS FOR LIABILITIES

10

3,094

1,445

NET LIABILITIES

(300,453

)

(236,802

)

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

12

(300,553

)

(236,902

)

SHAREHOLDERS' FUNDS

(300,453

)

(236,802

)

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 and authorised for issue by the Board of Directors and authorised for issue on 27th September 2022 and were signed on its behalf by:

Mrs D G Attwood - Director

1.	STATUTORY INFORMATION

Emstra 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.

Freehold property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1st May 2021

2,681,063

4,089

12,831

10,500

2,708,483

Additions

-

-

12,517

-

12,517

At 30th April 2022

2,681,063

4,089

25,348

10,500

2,721,000

DEPRECIATION

At 1st May 2021

160,859

1,702

5,788

1,314

169,663

Charge for year

53,616

474

2,660

2,292

59,042

At 30th April 2022

214,475

2,176

8,448

3,606

228,705

NET BOOK VALUE

At 30th April 2022

2,466,588

1,913

16,900

6,894

2,492,295

At 30th April 2021

2,520,204

2,387

7,043

9,186

2,538,820

5.

STOCKS

30.4.22

30.4.21

£

£

Stocks

2,500

2,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Trade debtors

9,081

2,159

Amounts owed by group undertakings

20,943

19,694

Tax

4,883

1,249

VAT

754

1,699

Prepayments

13,137

500

48,798

25,301

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Bank loans and overdrafts (see note 8)

154,699

147,278

Trade creditors

13,345

548

Amounts owed to group undertakings

2,652,621

2,631,062

Accrued expenses

20,415

23,218

2,841,080

2,802,106

8.

LOANS

An analysis of the maturity of loans is given below:

30.4.22

30.4.21

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

154,699

147,278

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.22

30.4.21

£

£

Bank overdrafts

154,699

147,278

The company's property is used as part of the security and cross guarantee within the group to it's bankers.

10.	PROVISIONS FOR LIABILITIES

30.4.22

30.4.21

£

£

Deferred tax

3,094

1,445

Deferred

tax

£

Balance at 1st May 2021

1,445

Charge to Income Statement during year

1,649

Balance at 30th April 2022

3,094

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.22

30.4.21

value:

£

£

1

Ordinary

£1

100

100

12.

RESERVES

Retained

earnings

£

At 1st May 2021

(236,902

)

Deficit for the year

(63,651

)

At 30th April 2022

(300,553

)

13.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Graham Wildin (Senior Statutory Auditor)

for and on behalf of Wildin (Accountants & Auditors) Ltd

14.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

15.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D J Attwood.

16.	ULTIMATE PARENT COMPANY

International Plywood Plc is regarded by the directors as being the company's ultimate parent company.

The company is 100% owned subsidiary of International Plywood plc. The registered office is Sharvatt House, Innsworth Technolodgy Park, Innsowrth lane, Gloucester, GL3 1DL