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Abbreviated Unaudited Accounts |
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for the Year Ended 31 October 2014 |
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for |
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EMS Waves Ltd |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 October 2014 |
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for |
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EMS Waves Ltd |
EMS Waves Ltd (Registered number: 07037001) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 October 2014 |
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Page |
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Abbreviated Balance Sheet | 1 |
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Notes to the Abbreviated Accounts | 3 |
EMS Waves Ltd (Registered number: 07037001) |
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Abbreviated Balance Sheet |
31 October 2014 |
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31.10.14 | 31.10.13 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments | 4 |
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CURRENT ASSETS |
Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Share premium |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
EMS Waves Ltd (Registered number: 07037001) |
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Abbreviated Balance Sheet - continued |
31 October 2014 |
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The financial statements were approved by the Board of Directors on
by: |
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EMS Waves Ltd (Registered number: 07037001) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 October 2014 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. |
Therefore, turnover also includes the element of work completed but not yet invoiced on the service contracts. |
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Intangible fixed assets |
Patents and trademarks are included at cost and depreciated in equal annual instalments over a period of 5 |
years which is their estimated useful economic life. Provision is made for any impairment. |
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Tangible fixed assets |
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Plant and machinery | - |
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Computer equipment | - |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 November 2013 |
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Additions |
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At 31 October 2014 |
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AMORTISATION |
At 1 November 2013 |
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Amortisation for year |
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At 31 October 2014 |
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NET BOOK VALUE |
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At 31 October 2014 |
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At 31 October 2013 |
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EMS Waves Ltd (Registered number: 07037001) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 October 2014 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 November 2013 |
and 31 October 2014 |
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DEPRECIATION |
At 1 November 2013 |
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Charge for year |
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At 31 October 2014 |
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NET BOOK VALUE |
At 31 October 2014 |
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At 31 October 2013 |
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4. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 November 2013 |
and 31 October 2014 | 4,003 |
NET BOOK VALUE |
At 31 October 2014 |
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At 31 October 2013 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Nature of business:
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% |
Class of shares: | holding |
Ordinary | 100.00 |
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£ | £ |
Aggregate capital and reserves | 75 | 75 |
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Nature of business:
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Class of shares: | holding |
Ordinary | 100.00 |
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£ | £ |
Aggregate capital and reserves | (2,914 | ) | (1,559 | ) |
EMS Waves Ltd (Registered number: 07037001) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 October 2014 |
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4. | FIXED ASSET INVESTMENTS - continued |
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Nature of business:
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% |
Class of shares: | holding |
Ordinary | 100.00 |
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£ | £ |
Aggregate capital and reserves | 1 | 1 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.10.14 | 31.10.13 |
value: | £ | £ |
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Ordinary A | £1 |
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Ordinary B | £1 |
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910 | 832 |
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The consideration for the 78 Ordinary A shares issued in the period was received by way of a debt exchange. |
The shares were issued to Mr A Evett, a director of EMS Waves Ltd. For each share issued, £100 was written off |
the outstanding amount payable to Calash Ltd, Mr A Evett's personal company, to a total of £7,800. |