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Financial Statements for the Year Ended 31 May 2019 |
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EMTEC ENERGY MIDLANDS LTD |
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REGISTERED NUMBER:
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Financial Statements for the Year Ended 31 May 2019 |
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for |
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EMTEC ENERGY MIDLANDS LTD |
EMTEC ENERGY MIDLANDS LTD (REGISTERED NUMBER: 09692354) |
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Contents of the Financial Statements |
for the Year Ended 31 May 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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EMTEC ENERGY MIDLANDS LTD |
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Company Information |
for the Year Ended 31 May 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Statutory Auditor |
29 Brandon Street |
Hamilton |
ML3 6DA |
EMTEC ENERGY MIDLANDS LTD (REGISTERED NUMBER: 09692354) |
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Balance Sheet |
31 May 2019 |
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2019 | 2018 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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EMTEC ENERGY MIDLANDS LTD (REGISTERED NUMBER: 09692354) |
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Notes to the Financial Statements |
for the Year Ended 31 May 2019 |
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1. | STATUTORY INFORMATION |
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Emtec Energy Midlands Ltd is a
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company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover and revenue recognition |
Turnover is derived from the various activities of the company operating as a contractor. |
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Turnover therefore represents the fair value of work done and service supplied, net of discounts and excluding |
value added tax, and is recognised at the point that the company obtains the right to consideration. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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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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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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Amounts recoverable on contracts |
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Other debtors |
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EMTEC ENERGY MIDLANDS LTD (REGISTERED NUMBER: 09692354) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 May 2019 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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8. | RELATED PARTY DISCLOSURES |
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The company has an intercompany loan balance with Emtec Group Ltd and its subsidiary undertakings. The loan |
is unsecured, interest free and has no fixed repayment terms. At the year end the company owed Emtec Group |
Ltd and its subsidiary undertakings £7,034 (2018 - £15,844). |
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During the year a debt of £8,810 (2018 - £nil) which had been due by the company to Emtec Group Ltd and its |
subsidiary undertakings was written off. |
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9. | CONTROLLING PARTY |
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The controlling party is Emtec Energy Ltd. |
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The ultimate controlling party is
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