Engineering And Machinery Alliance Limit - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05974924 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2021

for

ENGINEERING AND MACHINERY ALLIANCE

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

F G Hayes

M J Walder

M Ridgway

SECRETARY:

J Semple

REGISTERED OFFICE:

62 Bayswater Road

London

W2 3PS

REGISTERED NUMBER:

05974924 (England and Wales)

ACCOUNTANTS:

Jardines

Chartered Certified Accountants

73 Park Lane

Croydon

Surrey

CR0 1JG

CURRENT ASSETS

Debtors

4

84,435

92,940

Cash at bank

8,036

11,551

92,471

104,491

CREDITORS

Amounts falling due within one year

5

67,528

91,720

NET CURRENT ASSETS

24,943

12,771

TOTAL ASSETS LESS CURRENT LIABILITIES

24,943

12,771

RESERVES

Income and expenditure account

24,943

12,771

24,943

12,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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 Board of Directors and authorised for issue on 28 September 2022 and were signed on its behalf by:

M Ridgway - Director

1.	STATUTORY INFORMATION

Engineering And Machinery Alliance Limited is a private company, limited by guarantee , 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

79,164

79,164

Other debtors

5,271

13,776

84,435

92,940

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

241

15,170

Taxation and social security

-

8,458

Other creditors

67,287

68,092

67,528

91,720

6.	COMPANY LIMITED BY GUARANTEE

The Company has no called up share capital. It is limited by guarantee of the members for such amounts as may be required, not exceeding one pound per member.