E.E.M.I.T.S. Communications Limited - Accounts to registrar (filleted) - small 17.3
E.E.M.I.T.S. Communications Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 August 2017 |
| for |
| E.E.M.I.T.S. Communications Limited |
| E.E.M.I.T.S. Communications Limited (Registered number: 02742476) |
| Contents of the Financial Statements |
| for the Year Ended 31 August 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| E.E.M.I.T.S. Communications Limited |
| Company Information |
| for the Year Ended 31 August 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 140 Coniscliffe Road |
| DARLINGTON |
| County Durham |
| DL3 7RT |
| E.E.M.I.T.S. Communications Limited (Registered number: 02742476) |
| Balance Sheet |
| 31 August 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 9 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 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. |
| E.E.M.I.T.S. Communications Limited (Registered number: 02742476) |
| Balance Sheet - continued |
| 31 August 2017 |
| 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 Board of Directors on by: |
| E.E.M.I.T.S. Communications Limited (Registered number: 02742476) |
| Notes to the Financial Statements |
| for the Year Ended 31 August 2017 |
| 1. | STATUTORY INFORMATION |
| E.E.M.I.T.S. Communications Limited is a |
| 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 the provisions of Section 1A "Small Entities" |
| of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of |
| Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost |
| convention. |
| There were no material departures from that standard. |
| These financial statements for the year ended 31 August 2017 are the first financial statements that comply with |
| FRS 102 Section 1A small entities. The date of transition is 1 September 2015. |
| The principal accounting policies adopted in the preparation of the financial statements are set out below and |
| have remained unchanged from the previous year, and also have been consistently applied within the same |
| accounts. |
| Turnover |
| Turnover represents net invoiced sales of goods and services, excluding value added tax. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of the trunk radio system has been fully |
| amortised. |
| Intangible fixed assets |
| Amortisation is provided on intangible fixed assets at rates calculated to write off the cost of each asset on a |
| straight line basis over its expected useful life, as follows: |
| Purchased computer software - 5 years |
| Tangible fixed assets |
| Freehold property | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Radio & computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and selling price less estimated costs to sell. |
| Financial instruments |
| Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss. |
| 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. |
| E.E.M.I.T.S. Communications Limited (Registered number: 02742476) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| Operating lease commitments |
| Rentals payable under operating leases are charged to the profit and loss account in the period to which they |
| relate. |
| Grants |
| Grants received towards revenue expenditure are released to the profit and loss account as the related |
| expenditure is incurred. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Computer |
| Goodwill | software | Totals |
| £ | £ | £ |
| COST |
| At 1 September 2016 |
| and 31 August 2017 |
| AMORTISATION |
| At 1 September 2016 |
| Amortisation for year |
| At 31 August 2017 |
| NET BOOK VALUE |
| At 31 August 2017 |
| At 31 August 2016 |
| E.E.M.I.T.S. Communications Limited (Registered number: 02742476) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures | Radio & |
| Freehold | and | Motor | computer |
| property | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 September 2016 |
| Additions |
| At 31 August 2017 |
| DEPRECIATION |
| At 1 September 2016 |
| Charge for year |
| At 31 August 2017 |
| NET BOOK VALUE |
| At 31 August 2017 |
| At 31 August 2016 |
| The amount of assets held for use in operating leases to third parties was as follows:- |
| 2017 | 2016 |
| £ | £ |
| Cost | 1,397,282 | 1,088,373 |
| Accumulated depreciation | (1,030,090) | (880,225) |
| Net book value | 367,192 | 208,148 |
| 6. | STOCKS |
| 2017 | 2016 |
| £ | £ |
| Finished goods |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Amounts due from related |
| undertakings | 160,000 | 140,000 |
| Prepayments and accrued income |
| E.E.M.I.T.S. Communications Limited (Registered number: 02742476) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2017 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Corporation tax |
| Taxation and social security |
| Other creditors |
| Directors' current accounts | 16,000 | - |
| Accruals and deferred income |
| 9. | PROVISIONS FOR LIABILITIES |
| 2017 | 2016 |
| £ | £ |
| Deferred tax | 62,468 | 57,732 |
| Deferred |
| tax |
| £ |
| Balance at 1 September 2016 |
| Accelerated capital allowances | 4,736 |
| Balance at 31 August 2017 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | £1 | 10,200 | 10,200 |
| A Ordinary | £1 | 100 | 100 |
| 10,300 | 10,300 |
| 11. | RELATED PARTY DISCLOSURES |
| 2017 | 2016 |
| £ | £ |
| Amounts owed to directors | 16,000 | - |
| No interest has been charged |
| 12. | FIRST YEAR ADOPTION |
| The company has adopted FRS 102 Section 1A Small Entities for the year ended 31 August 2017. No |
| adjustments were required upon transition. |