Empire Services (SW) Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 14078762 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

EMPIRE SERVICES (SW) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A R P Ward

REGISTERED OFFICE:

Unit 11 Quarry House

Alexandra Road

Torquay

Devon

TQ1 1HZ

REGISTERED NUMBER:

14078762 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

BANKERS:

Barclays

Leicester

LE87 2BB

FIXED ASSETS

Tangible assets

4

22,496

7,000

CURRENT ASSETS

Stocks

5

1,700

30

Debtors

6

32,365

29,524

Cash at bank

21,490

3,099

55,555

32,653

CREDITORS

Amounts falling due within one year

7

43,233

20,147

NET CURRENT ASSETS

12,322

12,506

TOTAL ASSETS LESS CURRENT LIABILITIES

34,818

19,506

CREDITORS

Amounts falling due after more than one year

8

(16,585

)

-

PROVISIONS FOR LIABILITIES

(4,274

)

-

NET ASSETS

13,959

19,506

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

13,958

19,505

SHAREHOLDERS' FUNDS

13,959

19,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 June 2024 and were signed by:

Mr A R P Ward - Director

1.	STATUTORY INFORMATION

Empire Services (SW) Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 May 2023

-

7,000

7,000

Additions

1,059

21,865

22,924

At 30 April 2024

1,059

28,865

29,924

DEPRECIATION

Charge for year

212

7,216

7,428

At 30 April 2024

212

7,216

7,428

NET BOOK VALUE

At 30 April 2024

847

21,649

22,496

At 30 April 2023

-

7,000

7,000

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

21,865

At 30 April 2024

21,865

DEPRECIATION

Charge for year

5,466

At 30 April 2024

5,466

NET BOOK VALUE

At 30 April 2024

16,399

5.

STOCKS

2024

2023

£

£

Stocks

1,700

30

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

29,574

21,422

Other debtors

-

112

Directors' current accounts

1,992

2,807

VAT

-

3,787

Prepayments

799

-

32,365

28,128

Amounts falling due after more than one year:

Amounts owed by subsidiaries

-

1,396

Aggregate amounts

32,365

29,524

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

7,238

-

Trade creditors

14,186

3,317

Tax

7,001

3,154

Social security and other taxes

4,893

6,676

VAT

223

-

Other creditors

8,127

-

Accrued expenses

1,565

7,000

43,233

20,147

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

16,585

-

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 April 2024 and the period ended 30 April 2023:

2024

2023

£

£

Mr A R P Ward

Balance outstanding at start of year

2,807

-

Amounts advanced

32,070

2,807

Amounts repaid

(32,885

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,992

2,807

Mr P Moores

Balance outstanding at start of year

-

-

Amounts advanced

-

500

Amounts repaid

-

(500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Loans are unsecured, interest free and repayable on demand.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £32,500 (2023 - £500) were paid to the directors .