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Unaudited Financial Statements |
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for the Year Ended 30 October 2017 |
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for |
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EMS Waves Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 October 2017 |
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for |
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EMS Waves Limited |
EMS Waves Limited (Registered number: 07037001) |
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Contents of the Financial Statements |
for the Year Ended 30 October 2017 |
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Page |
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Balance Sheet | 1 |
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Notes to the Financial Statements | 3 |
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EMS Waves Limited (Registered number: 07037001) |
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Balance Sheet |
30 October 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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Investments | 6 |
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CURRENT ASSETS |
Debtors | 7 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
9 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings | ( |
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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 Limited (Registered number: 07037001) |
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Balance Sheet - continued |
30 October 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
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EMS Waves Limited (Registered number: 07037001) |
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Notes to the Financial Statements |
for the Year Ended 30 October 2017 |
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1. | STATUTORY INFORMATION |
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EMS Waves Limited is a
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registered number and registered office address are as below: |
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Registered number: | 07037001 |
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Registered office: | Unit H, Great Fenton Business Park |
Grove Road |
Fenton |
Stoke on Trent |
Staffordshire |
ST4 4LZ |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
These financial statements for the year ended 30 October 2017 are the first that are prepared in accordance |
with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the |
date of transition to FRS 102 Section 1A is 1 November 2015. |
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There are no transition adjustments. |
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Preparation of consolidated financial statements |
The financial statements contain information about EMS Waves Limited as an individual company and do not |
contain consolidated financial information as the parent of a group. The company has taken the option under |
Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
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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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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, |
except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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EMS Waves Limited (Registered number: 07037001) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 October 2017 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2016 - NIL). |
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4. | INTANGIBLE FIXED ASSETS |
Patents |
and |
licences |
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COST |
At 31 October 2016 |
and 30 October 2017 |
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AMORTISATION |
At 31 October 2016 |
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Amortisation for year |
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At 30 October 2017 |
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NET BOOK VALUE |
At 30 October 2017 |
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At 30 October 2016 |
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Patents and trademarks are included at cost and amortised in equal annual installments over a period of 5 |
years which is their estimated useful economic life. Provision is made for any impairment. |
EMS Waves Limited (Registered number: 07037001) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 October 2017 |
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5. | TANGIBLE FIXED ASSETS |
Plant and | Computer |
machinery | equipment | Totals |
£ | £ | £ |
COST |
At 31 October 2016 |
and 30 October 2017 |
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DEPRECIATION |
At 31 October 2016 |
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Charge for year |
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At 30 October 2017 |
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NET BOOK VALUE |
At 30 October 2017 |
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At 30 October 2016 |
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6. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 31 October 2016 |
and 30 October 2017 |
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NET BOOK VALUE |
At 30 October 2017 |
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At 30 October 2016 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Amounts owed by group undertakings |
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Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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EMS Waves Limited (Registered number: 07037001) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 October 2017 |
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9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Amounts owed to group undertakings |
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