Company Registration No. 09663589 (England and Wales)
EMBERSON ENERGY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2016
EMBERSON ENERGY LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
EMBERSON ENERGY LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF EMBERSON ENERGY LIMITED FOR THE PERIOD ENDED 31 MARCH 2016
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Emberson Energy Limited for the period ended 31 March 2016 set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Emberson Energy Limited, as a body, in accordance with the terms of our engagement letter dated 28 July 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Emberson Energy Limited and state those matters that we have agreed to state to the Board of Directors of Emberson Energy Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Emberson Energy Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Emberson Energy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Emberson Energy Limited. You consider that Emberson Energy Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Emberson Energy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Pearson May
14 November 2016
Chartered Accountants
37 Great Pulteney Street
Bath
BA2 4DA
EMBERSON ENERGY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 2 -
2016
Notes
£
£
Fixed assets
Tangible assets
2
1,908
Current assets
Debtors
84,836
Cash at bank and in hand
13,822
98,658
Creditors: amounts falling due within one year
(97,356)
Net current assets
1,302
Total assets less current liabilities
3,210
Provisions for liabilities
(382)
2,828
Capital and reserves
Called up share capital
3
1
Profit and loss account
2,827
Shareholder's funds
2,828
For the financial period ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 1 November 2016
Mrs C P Pratt
Director
Company Registration No. 09663589
EMBERSON ENERGY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 MARCH 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% straight line
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 30 June 2015
-
Additions
2,862
At 31 March 2016
2,862
Depreciation
At 30 June 2015
-
Charge for the period
954
At 31 March 2016
954
Net book value
At 31 March 2016
1,908
EMBERSON ENERGY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2016
- 4 -
3
Share capital
2016
£
Allotted, called up and fully paid
100 ordinary shares of 1p each
1
4
Ultimate parent company
The ultimate parent company is Emberson Group Limited, a company registered in England and Wales.