Emerson College Enterprises Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10534903 (England and Wales)

EMERSON COLLEGE ENTERPRISES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Rice

D S Mooncie

S King

REGISTERED OFFICE:

Pixton

Hartfield Road

Forest Row

East Sussex

RH18 5JX

REGISTERED NUMBER:

10534903 (England and Wales)

ACCOUNTANTS:

HPCA Limited

Station House

Connaught Road

Brookwood

Woking

Surrey

GU24 0ER

CURRENT ASSETS

Stocks

4

181,457

562,702

Debtors

5

9,090

8,853

Cash at bank

298,059

458,646

488,606

1,030,201

CREDITORS

Amounts falling due within one year

6

(488,605

)

(1,030,200

)

NET CURRENT ASSETS

1

1

TOTAL ASSETS LESS CURRENT LIABILITIES

1

1

CAPITAL AND RESERVES

Called up share capital

1

1

1

1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 3 November 2023 and were signed on its behalf by:

D S Mooncie - Director

1.	STATUTORY INFORMATION

Emerson College Enterprises Limited 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4.

STOCKS

2023

2022

£

£

Stock

181,457

562,702

5.

DEBTORS

2023

2022

£

£

Amounts falling due within one year:

Trade debtors

6,377

3,665

Other debtors

2,640

2,640

9,017

6,305

Amounts falling due after more than one year:

Other debtors

73

2,548

Aggregate amounts

9,090

8,853

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Intercompany account

485,735

1,026,890

Trade creditors

-

660

Accrued expenses

2,870

2,650

488,605

1,030,200

7.	RELATED PARTY DISCLOSURES

Emerson College Enterprises Limited is a subsidiary of Emerson college Trust. The company made a donation to its parent of £177,943 (2022 £70,360) during the year.