Company Registration No. 08518578 (England and Wales)
EMR RENDERS & WALL COATINGS LTD
Unaudited accounts
for the year ended 31 May 2019
EMR RENDERS & WALL COATINGS LTD
Unaudited accounts
Contents
EMR RENDERS & WALL COATINGS LTD
Company Information
for the year ended 31 May 2019
Company Number
08518578 (England and Wales)
Registered Office
Suite L4
South Fens Business Centre
Chatteris
Cambs
PE16 6TT
Accountants
Eden Accounting Ltd
Suite L3
South Fens Business Centre
CHATTERIS
Cambs
Pe16 6TT
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
EMR RENDERS & WALL COATINGS LTD
for the year ended 31 May 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
EMR RENDERS & WALL COATINGS LTD for the year ended
31 May 2019 as set out on pages
5 -
8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Eden Accounting Ltd
Chartered Certified Accountants
Suite L3
South Fens Business Centre
CHATTERIS
Cambs
Pe16 6TT
31 July 2019
EMR RENDERS & WALL COATINGS LTD
Statement of financial position
as at
31 May 2019
Intangible assets
-
2,668
Tangible assets
26,047
23,508
Cash at bank and in hand
368,288
242,991
Creditors: amounts falling due within one year
(128,282)
(151,336)
Net current assets
290,568
106,351
Total assets less current liabilities
316,615
132,527
Creditors: amounts falling due after more than one year
(7,767)
(11,290)
Net assets
308,848
121,237
Called up share capital
100
100
Profit and loss account
308,748
121,137
Shareholders' funds
308,848
121,237
For the year ending 31 May 2019 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 director acknowledges his 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.
Approved by the Board on 31 July 2019.
S Clarke
Director
Company Registration No. 08518578
EMR RENDERS & WALL COATINGS LTD
Notes to the Accounts
for the year ended 31 May 2019
EMR RENDERS & WALL COATINGS LTD is a private company, limited by shares, registered in England and Wales, registration number 08518578. The registered office is Suite L4, South Fens Business Centre, Chatteris, Cambs, PE16 6TT.
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:
Plant & machinery
20% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
EMR RENDERS & WALL COATINGS LTD
Notes to the Accounts
for the year ended 31 May 2019
4
Intangible fixed assets
Goodwill
Charge for the year
2,668
5
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Charge for the year
6,511
Raw materials
2,350
2,350
Other debtors
47,330
10,710
EMR RENDERS & WALL COATINGS LTD
Notes to the Accounts
for the year ended 31 May 2019
8
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
559
2,012
Obligations under finance leases and hire purchase contracts
2,916
2,916
Trade creditors
49,784
48,497
Taxes and social security
74,877
44,081
Other creditors
146
53,830
9
Creditors: amounts falling due after more than one year
2019
2018
Obligations under finance leases and hire purchase contracts
7,767
11,290
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors current account
-
33,986
-
33,986
This loan was repaid in full by 31 July 2019. Interest was charged at a commercial rate .
11
Average number of employees
During the year the average number of employees was 3 (2018: 3).