Registered number: 08261350 | ||||||||
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FOR THE YEAR ENDED 31 MARCH 2020 | ||||||||
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Prepared By: | ||||||||
ENF Solutions Limited | ||||||||
181A Middlewood Road | ||||||||
Sheffield | ||||||||
S6 4HD |
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Empiribox Holdings Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 MARCH 2020 | ||||||||
DIRECTORS | ||||||||
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REGISTERED OFFICE | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 08261350 | ||||||||
ACCOUNTANTS | ||||||||
ENF Solutions Limited | ||||||||
181A Middlewood Road | ||||||||
Sheffield | ||||||||
S6 4HD |
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Empiribox Holdings Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 MARCH 2020 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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Empiribox Holdings Limited | ||||||||
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BALANCE SHEET AT
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2020 | 2019 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Investment Assets | 2 |
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CURRENT ASSETS | ||||||||||
Debtors | 3 |
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Cash at bank and in hand |
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3,163,185 | 2,115,131 | |||||||||
CREDITORS: Amounts falling due within one year | 4 |
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NET CURRENT ASSETS |
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2,112,856 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: Amounts falling due after more than one year | 5 | - | 407,092 | |||||||
NET ASSETS |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 |
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Share premium account | 8 |
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Profit and loss account | (1,338,310) | (1,317,310) | ||||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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Empiribox Holdings Limited | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 MARCH 2020 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Going Concern | ||||||||
Shortly after the year end the company secured significant funding from existing and a new investor. This new finance will be used to further the company's activities and future growth strategy, this together with the support of the other stakeholders should ensure that the company will continue for the foreseeable future and as such these accounts have been prepared on a going concern basis. |
1c. Investments | ||||||||
Fixed asset investments in subsidiaries are shown at cost less amounts written off. | ||||||||
The investments are assessed for impairment at each reporting date and any impairment losses or reversal of impairment losses are recognised immediately in profit or loss. | ||||||||
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. |
1d. Company Information | ||||||||
Empiribox Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 37D Innovation Way, Milton Park, Milton, Abingdon, OX14 4RT. |
1e. Basis Of Accounting FRS 1021 a | ||||||||
The accounts have been prepared under the historical cost convention. The financial statements are prepared in sterling, which is the functional curreny of the company. Monetary amounts in these financial statements are rounded to the nearest £. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . | ||||||||
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepared consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group. |
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Empiribox Holdings Limited | ||||||||
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2. FINANCIAL ASSETS | |||||||||
Shares in group companies | |||||||||
and participating interests | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 1 April 2019 | 1 | 1 | |||||||
At 31 March 2020 | 1 | 1 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 31 March 2020 | 1 | 1 | |||||||
At 31 March 2019 | 1 | 1 | |||||||
3. DEBTORS | 2020 | 2019 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Other tax | 1,727 | 3,820 | ||||||
VAT | 116 | 330 | ||||||
Amounts due from group companies | 3,127,790 | 2,043,138 | ||||||
Prepayments | 31,142 | 53,300 | ||||||
Directors current account | - | 11,754 | ||||||
3,160,775 | 2,112,342 | |||||||
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2020 | 2019 | |||||||
£ | £ | |||||||
UK corporation tax | - | 2,093 | ||||||
Loans | 1,478,421 | - | ||||||
Trade creditors | - | 182 | ||||||
1,478,421 | 2,275 | |||||||
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Empiribox Holdings Limited | ||||||||
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5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2020 | 2019 | |||||||
£ | £ | |||||||
Loans >1yr | - | 407,092 | ||||||
- | 407,092 | |||||||
6. EMPLOYEES | ||||||
2020 | 2019 | |||||
No. | No. | |||||
Average number of employees |
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5 | ||||
7. SHARE CAPITAL | 2020 | 2019 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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2,208 | 2,208 | ||||||
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68 | 68 | ||||||
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4,106 | 4,106 | ||||||
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22,999 | 22,999 | ||||||
29,381 | 29,381 | |||||||
New shares issued during period: | ||||||||
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1,592 | |||||||
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8,514 | |||||||
- | 10,105 | |||||||
8. SHARE PREMIUM ACCOUNT | 2020 | 2019 | ||||
£ | £ | |||||
Share premium account | 2,993,694 | 2,993,694 |
9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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Empiribox Holdings Limited | ||||||||
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10. SUBSIDIARIES | ||||||||
Details of the company's subsidiaries at 31 March 2020 are as follows:- | ||||||||
Name of undertaking | Registered office | Nature of business | Class of shares held | % held direct | ||||
Empiribox Limited | 37D Innovation Way, Milton Park, Milton, Abingdon, OX14 4RT | Provision of science education tools | Ordinary shares | 100 |