Registered number: 08261350 | ||||||||
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FOR THE YEAR ENDED 31 MARCH 2019 | ||||||||
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Prepared By: | ||||||||
ENF Solutions Limited | ||||||||
181A Middlewood Road | ||||||||
Sheffield | ||||||||
South Yorkshire | ||||||||
S6 4HD |
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Empiribox Holdings Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 MARCH 2019 | ||||||||
DIRECTORS | ||||||||
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REGISTERED OFFICE | ||||||||
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Oxon | ||||||||
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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 | ||||||||
South Yorkshire | ||||||||
S6 4HD |
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Empiribox Holdings Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 MARCH 2019 | ||||||||
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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2019 | 2018 | |||||||||
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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2,115,131 | 1,552,524 | |||||||||
CREDITORS: Amounts falling due within one year | 4 |
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NET CURRENT ASSETS |
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1,478,363 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: Amounts falling due after more than one year | 5 | 407,092 | 335,763 | |||||||
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 | (1,317,310) | (1,013,141) | ||||||||
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 2019 | ||||||||||
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 | ||||||||
At the time of approving the financial statements, the directors are exploring a number of options to ensure the continuity of the business. As it has in previous financial periods, the company requires additional financing and if it can't realise a positive outcome to the current funding round, there would be substantial doubt about its ability to continue as a going concern. The directors have a reasonable expectation that the company has adequate resources and investor support in the form of debt facility arrangements with its investors to continue in operational existence while the funding round is being pursued. As a result there is significant uncertainty whether the consolidated entity will continue as a going concern and, therefore, whether it will realise its assets and settle its liabilities and commitments in the normal course of business and at the amounts stated in the financial statements. However, the directors believe, given the information available at the time of approving the financial statements, that the consolidated entity will be successful in the above matters and, accordingly, have prepared the financial statements 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 Rutherford Appleton Laboratory, Building R71 Office G17a, Harwell, Oxfordshire OX11 0QX. |
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 2018 | 1 | 1 | |||||||
At 31 March 2019 | 1 | 1 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 31 March 2019 | 1 | 1 | |||||||
At 31 March 2018 | 1 | 1 | |||||||
3. DEBTORS | 2019 | 2018 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | - | 1,711 | ||||||
Other tax | 3,820 | 3,820 | ||||||
VAT | 330 | 46,956 | ||||||
Amounts due from group companies | 2,043,138 | 570,836 | ||||||
Prepayments | 53,300 | 24,664 | ||||||
Directors current account | 11,754 | 11,754 | ||||||
2,112,342 | 659,741 | |||||||
Amounts falling due over more than one year | ||||||||
Long term debtor | - | 193,254 | ||||||
- | 193,254 | |||||||
2,112,342 | 852,995 | |||||||
Amounts falling due after more than one year relate to a deferred tax asset | ||||||||
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2019 | 2018 | |||||||
£ | £ | |||||||
UK corporation tax | 2,093 | 3,820 | ||||||
Trade creditors | 182 | 40,341 | ||||||
Accruals | - | 30,000 | ||||||
2,275 | 74,161 | |||||||
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Empiribox Holdings Limited | ||||||||
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5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2019 | 2018 | |||||||
£ | £ | |||||||
Loans >1yr | 407,092 | 335,763 | ||||||
407,092 | 335,763 | |||||||
6. EMPLOYEES | ||||||
2019 | 2018 | |||||
No. | No. | |||||
Average number of employees | 5 | 10 | ||||
7. SHARE CAPITAL | 2019 | 2018 | ||||||
£ | £ | |||||||
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 | 2,514 | ||||||
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22,999 | 14,486 | ||||||
29,381 | 19,276 | |||||||
New shares issued during period: | ||||||||
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57 | |||||||
1,591,670
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1,592 | 2,514 | ||||||
851,416
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8,514 | 14,486 | ||||||
10,105 | 19,276 | |||||||
8. SHARE PREMIUM ACCOUNT | 2019 | 2018 | ||||
£ | £ | |||||
Share premium account | 2,993,694 | 2,136,466 |
9. RELATED PARTY TRANSACTIONS | ||||||||
At the year end the subsidiary company, Empiribox Limited owed the company £2,043,138 (2018 £570,836) this amount is included in debtors on the balance sheet. | ||||||||
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Empiribox Holdings Limited | ||||||||
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10. SUBSIDIARIES | ||||||||
Details of the company's subsidiaries at 31 March 2019 are as follows:- | ||||||||
Name of undertaking | Registered office | Nature of business | Class of shares held | % held direct | ||||
Empiribox Limited | Rutherford Appleton Laboratory, Building R71 Office G17a, Harwell, Oxfordshire, OX11 0QX | Provision of science education tools | Ordinary shares | 100 |