Company Registration No. 08518578 (England and Wales)
EMR RENDERS & WALL COATINGS LTD
Unaudited accounts
for the year ended 31 May 2022
EMR RENDERS & WALL COATINGS LTD
Unaudited accounts
Contents
EMR RENDERS & WALL COATINGS LTD
Company Information
for the year ended 31 May 2022
Directors
S Clarke
G Clarke
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
EMR RENDERS & WALL COATINGS LTD
Statement of financial position
as at
31 May 2022
Tangible assets
46,520
46,466
Cash at bank and in hand
311,903
428,694
Creditors: amounts falling due within one year
(132,465)
(152,059)
Net current assets
513,279
425,224
Net assets
559,799
471,690
Called up share capital
100
100
Profit and loss account
559,699
471,590
Shareholders' funds
559,799
471,690
For the year ending 31 May 2022 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 30 June 2022 and were signed on its behalf by
S Clarke
Director
Company Registration No. 08518578
EMR RENDERS & WALL COATINGS LTD
Notes to the Accounts
for the year ended 31 May 2022
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
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.
EMR RENDERS & WALL COATINGS LTD
Notes to the Accounts
for the year ended 31 May 2022
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Charge for the year
15,507
5
Debtors: amounts falling due within one year
2022
2021
Accrued income and prepayments
1,865
1,865
Other debtors
76,544
143,658
Debtors: amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2022
2021
Obligations under finance leases and hire purchase contracts
-
3,197
Trade creditors
75,026
80,099
Taxes and social security
57,439
65,473
Loans from directors
-
3,290
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loans advanced
-
35,241
-
35,241
Loans advanced
-
35,241
-
35,241
Interest has been charged at the official rate of interest on the above advances, and these were fully repaid on 17 June 2022.
EMR RENDERS & WALL COATINGS LTD
Notes to the Accounts
for the year ended 31 May 2022
8
Average number of employees
During the year the average number of employees was 6 (2021: 3).