EMBRACE TECHNOLOGY SOLUTIONS LIMITED

EMBRACE TECHNOLOGY SOLUTIONS LIMITED

EMBRACE TECHNOLOGY SOLUTIONS LIMITED - Company Information

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EMBRACE TECHNOLOGY SOLUTIONS LIMITED

Company Registration Number:
08508469 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2021

Period of accounts

Start date: 01 July 2020

End date: 30 June 2021

EMBRACE TECHNOLOGY SOLUTIONS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2021

Balance sheet
Notes

EMBRACE TECHNOLOGY SOLUTIONS LIMITED

Balance sheet

As at 30 June 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 706 1,051
Total fixed assets: 706 1,051
Current assets
Stocks: 229 389
Debtors:   20,284 15,544
Cash at bank and in hand: 13,160 19,778
Total current assets: 33,673 35,711
Creditors: amounts falling due within one year:   (21,345) (30,980)
Net current assets (liabilities): 12,328 4,731
Total assets less current liabilities: 13,034 5,782
Total net assets (liabilities): 13,034 5,782
Capital and reserves
Called up share capital: 500 500
Profit and loss account: 12,534 5,282
Shareholders funds: 13,034 5,782

The notes form part of these financial statements

EMBRACE TECHNOLOGY SOLUTIONS LIMITED

Balance sheet statements

For the year ending 30 June 2021 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 March 2022
and signed on behalf of the board by:

Name: M Patterson
Status: Director

The notes form part of these financial statements

EMBRACE TECHNOLOGY SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Fittings fixtures and equipment - 15% straight line

Other accounting policies

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

EMBRACE TECHNOLOGY SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2021

2. Employees

2021 2020
Average number of employees during the period 1 1

EMBRACE TECHNOLOGY SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2021

3. Tangible Assets

Total
Cost £
At 01 July 2020 2,300
At 30 June 2021 2,300
Depreciation
At 01 July 2020 1,249
Charge for year 345
At 30 June 2021 1,594
Net book value
At 30 June 2021 706
At 30 June 2020 1,051