Emcoy Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09739299 (England and Wales)

EMCOY LTD

ABRIDGED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2017

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Coy

Mrs C T Sizer-Coy

REGISTERED OFFICE:

Bruce Lodge

Pilley Hills

Tankersley

Barnsley

South Yorkshire

S75 3AU

REGISTERED NUMBER:

09739299 (England and Wales)

ACCOUNTANTS:

Cartwright & Co Ltd

Henry Morgan House

Industry Road

Carlton

Barnsley

South Yorkshire

S71 3PQ

FIXED ASSETS

Tangible assets

4

33,065

8,078

CURRENT ASSETS

Debtors

1,584

-

Cash at bank

14,968

9,521

16,552

9,521

CREDITORS

Amounts falling due within one year

9,704

8,954

NET CURRENT ASSETS

6,848

567

TOTAL ASSETS LESS CURRENT LIABILITIES

39,913

8,645

CREDITORS

Amounts falling due after more than one year

(10,800

)

-

PROVISIONS FOR LIABILITIES

(6,282

)

(1,616

)

NET ASSETS

22,831

7,029

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

22,829

7,027

SHAREHOLDERS' FUNDS

22,831

7,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 9 April 2018 and were signed on its behalf by:

M Coy - Director

1.	STATUTORY INFORMATION

Emcoy 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 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.

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 etc

-

25% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2016

10,771

Additions

36,009

At 31 August 2017

46,780

DEPRECIATION

At 1 September 2016

2,693

Charge for year

11,022

At 31 August 2017

13,715

NET BOOK VALUE

At 31 August 2017

33,065

At 31 August 2016

8,078

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

Totals

£

COST

Additions

28,200

At 31 August 2017

28,200

DEPRECIATION

Charge for year

7,050

At 31 August 2017

7,050

NET BOOK VALUE

At 31 August 2017

21,150

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 August 2017 and the period

ended 31 August 2016:

2017

2016

£

£

M Coy

Balance outstanding at start of year

-

-

Amounts advanced

16,600

-

Amounts repaid

(15,015

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,585

-