EM Solutions Limited xbrl

EM Solutions Limited xbrl

EM SOLUTIONS LIMITED - Company Information

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EM Solutions Limited
 
 
Company Registration Number
03601445
 
 
Report of the Directors and
Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/01/2017
 
End date 31/12/2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
EM Solutions Limited
 
Contents of the Financial Statements
for the Period Ended 31 December 2017
 
 
Page
Company Information 3
 
Report of the Directors 4
 
Profit and Loss Account 5
 
Balance Sheet 6 - 7
 
Notes to the Financial Statements 8 - 12
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
EM Solutions Limited
 
Company Information
for the Period Ended 31 December 2017
 
Directors Brian John Wade
Jamie Francis Pieri
 
 
Registered office Flat 3, 11 Wingfield Road
Whitchurch
Cardiff
CF14 1NJ
 
Company Registration Number 03601445
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
EM Solutions Limited
Directors Report
for the Period Ended 31 December 2017
The directors present their report with the financial statements of the company for the
period ended 31 December 2017
Principal activities
The principal activity of the company in the period under review was
Residential property rental
Directors
The director(s) shown below have held office during the whole of the period
Brian John Wade
Jamie Francis Pieri
Small Company Provisions
These accounts have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.
 
This report was approved by the board of directors on 2018-04-06
and signed on behalf of the board by
Name Brian John Wade
Status Director
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 4
EM Solutions Limited
 
Profit and Loss Account
for the Period Ended 31 December 2017
2017 2016
Notes £ £
 
Turnover 2 31,108 30,982
Cost of sales 22,200 21,873
______ ______
Gross Profit/(Loss) 8,908 9,109
 
Administrative expenses 2,222 977
______ ______
Operating costs 2,222 977
 
Other operating income 31,479 29,980
______ ______
Total other operating income/(loss) 31,479 29,980
______ ______
Operating Profit/(Loss) 38,165 38,112
______ ______
Profit/(Loss) on ordinary activities before taxation 38,165 38,112
 
_____ _____
Profit/(Loss) for the financial period after taxation 38,165 38,112
There were no recognised gains or losses other than the profit/(loss) shown attributable to the
shareholders for the period ended 31 December 2017
 
The notes form part of these financial statements
 
 
 
 
 
 
 
 
 
Page 5
EM Solutions Limited
Balance Sheet
for the Period Ended 31 December 2017
Company registration number 03601445
2017 2016
Notes £ £
Fixed assets
Tangible fixed assets 3 661,062 630,055
_______ _______
Total fixed assets 661,062 630,055
Current assets
Cash at bank and in hand 9,220 6,547
_______ _______
Total current assets/(liabilities) 9,220 6,547
Creditors
Creditors - amounts falling
due within one year 4 764 49
_______ _______
Net current assets 8,456 6,498
_______ _______
Total assets less current liabilities 669,518 636,553
_______ _______
Creditors - amounts falling
due after more than one year 5 649,700 654,900
_______ _______
Long term creditors 649,700 654,900
_____ ______
Net assets/(liabilities) 19,818 (18,347)
Capital and reserves
Called up share capital 7 2 2
Profit and loss account 8 19,816 (18,349)
_____ ______
Total shareholders funds 19,818 (18,347)
 
 
 
 
 
 
 
 
 
Page 6
EM Solutions Limited
 
Balance Sheet
for the Period Ended 31 December 2017
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
 
For the year ending 31 December 2017 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 financial statements were approved by the Board of Directors on 2018-04-06
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name Brian John Wade
 
The notes form part of these financial statements
 
 
 
 
 
 
 
 
 
Page 7
EM Solutions Limited
Notes to the Financial Statements
for the Period Ended 31 December 2017
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
Going Concern
The company has a deficit on shareholders' funds and relies upon the support of its shareholders and creditors,which has been confirmed for a period of at least twelve months from the approval of the financial statements.Accordingly the directors have prepared the financial statements on the going concern basis.
Turnover
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.
Tangible fixed assets Depreciation
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings 40% first year only then 25% per annum reducing balance
Investment Properties
Investment Properties for which fair value can be measured reliably without undue cost or effort aremeasured at fair value at each reporting date with changes in fair value recognised in profit or loss.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 8
EM Solutions Limited
Notes to the Financial Statements
for the Period Ended 31 December 2017
2. Turnover 2017 2016
£ £
United Kingdom 31,108 30,982
_____ _____
Total 31,108 30,982
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9
EM Solutions Limited
Notes to the Financial Statements
for the Period Ended 31 December 2017
3. Tangible fixed assets
Land and Fixtures Total
buildings and fittings
Cost £ £ £
At 1 January 2017 629,582 8,030 637,612
Revaluation 31,480 31,480
______ ____ ______
At 31 December 2017 661,062 8,030 669,092
Depreciation
At 1 January 2017 7,557 7,557
Charge for year 473 473
____ ____
At 31 December 2017 8,030 8,030
Net book value
At 31 December 2017 661,062 0 661,062
At 31 December 2016 629,582 473 630,055
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 10
EM Solutions Limited
Notes to the Financial Statements
for the Period Ended 31 December 2017
4. Creditors amounts falling due within one year 2017 2016
Other creditors 764 49
___ __
Total 764 49
5. Creditors amounts falling due after more than one year 2017 2016
Bank loans 562,500 562,500
Other creditors 87,200 92,400
______ ______
Total 649,700 654,900
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 11
EM Solutions Limited
Notes to the Financial Statements
for the Period Ended 31 December 2017
6. Borrowings 2017 2016
The following loans are included within creditors £ £
Between two and five years 87,200 92,400
Over five years 562,500 562,500
______ ______
Total 649,700 654,900
7. Share capital 2017 2016
Authorised type Par value £ £
Ordinary 1 1,000 1,000
____ ____
Total 1,000 1,000
Allotted, called up and paid £ £
Ordinary 2 2
_ _
Total 2 2
8. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 January 2017 (18,349)
Profit/(Loss) for year 38,165
Dividends paid
_____
Retained Profit/(Loss) at 31 December 2017 19,816
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 12