Company Registration No. 6462139 (England and Wales)
Embark Finance Limited
Unaudited accounts
for the year ended 31 December 2021
Embark Finance Limited
Unaudited accounts
Contents
Embark Finance Limited
Company Information
for the year ended 31 December 2021
Directors
Richard Keenan
Mike Bailey
Company Number
6462139 (England and Wales)
Registered Office
38 York Road
Acomb
York
YO24 4LZ
United Kingdom
Accountants
Stephen Perry & Co
38 York Road
Acomb
York
YO24 4LZ
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Embark Finance Limited
for the year ended 31 December 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Embark Finance Limited for the year ended 31 December 2021 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Stephen Perry & Co
Member in Practice
38 York Road
Acomb
York
YO24 4LZ
3 April 2022
Embark Finance Limited
Statement of financial position
as at
31 December 2021
Cash at bank and in hand
41,484
25,244
Creditors: amounts falling due within one year
(35,787)
(28,688)
Net current assets
20,995
21,045
Called up share capital
2
2
Profit and loss account
20,993
21,043
Shareholders' funds
20,995
21,045
For the year ending 31 December 2021 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2022 and were signed on its behalf by
Richard Keenan
Director
Company Registration No. 6462139
Embark Finance Limited
Notes to the Accounts
for the year ended 31 December 2021
Embark Finance Limited is a private company, limited by shares, registered in England and Wales, registration number 6462139. The registered office is 38 York Road, Acomb, York, YO24 4LZ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2021
7,400
4,414
11,814
At 31 December 2021
7,400
4,414
11,814
At 1 January 2021
7,400
4,414
11,814
At 31 December 2021
7,400
4,414
11,814
At 31 December 2021
-
-
-
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
11,247
24,489
Accrued income and prepayments
559
-
Embark Finance Limited
Notes to the Accounts
for the year ended 31 December 2021
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
35,787
26,904
7
Average number of employees
During the year the average number of employees was 0 (2020: 0).