Emulus Communications Limited 08401296 false 2016-11-01 2017-10-31 2017-10-31 The principal activity of the company is communications. Digita Accounts Production Advanced 6.21.8540.0 Software true false 08401296 2016-11-01 2017-10-31 08401296 2017-10-31 08401296 bus:OrdinaryShareClass1 2017-10-31 08401296 core:RetainedEarningsAccumulatedLosses 2017-10-31 08401296 core:ShareCapital 2017-10-31 08401296 core:CurrentFinancialInstruments 2017-10-31 08401296 core:CurrentFinancialInstruments core:WithinOneYear 2017-10-31 08401296 core:OtherPropertyPlantEquipment 2017-10-31 08401296 bus:SmallEntities 2016-11-01 2017-10-31 08401296 bus:AuditExemptWithAccountantsReport 2016-11-01 2017-10-31 08401296 bus:FullAccounts 2016-11-01 2017-10-31 08401296 bus:SmallCompaniesRegimeForAccounts 2016-11-01 2017-10-31 08401296 bus:RegisteredOffice 2016-11-01 2017-10-31 08401296 bus:Director1 2016-11-01 2017-10-31 08401296 bus:Director2 2016-11-01 2017-10-31 08401296 bus:OrdinaryShareClass1 2016-11-01 2017-10-31 08401296 bus:PrivateLimitedCompanyLtd 2016-11-01 2017-10-31 08401296 core:OtherPropertyPlantEquipment 2016-11-01 2017-10-31 08401296 core:PlantMachinery 2016-11-01 2017-10-31 08401296 1 2016-11-01 2017-10-31 08401296 countries:AllCountries 2016-11-01 2017-10-31 08401296 2016-10-31 08401296 core:OtherPropertyPlantEquipment 2016-10-31 08401296 2015-11-01 2016-10-31 08401296 2016-10-31 08401296 bus:OrdinaryShareClass1 2016-10-31 08401296 core:RetainedEarningsAccumulatedLosses 2016-10-31 08401296 core:ShareCapital 2016-10-31 08401296 core:CurrentFinancialInstruments 2016-10-31 08401296 core:CurrentFinancialInstruments core:WithinOneYear 2016-10-31 08401296 core:OtherPropertyPlantEquipment 2016-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08401296

Emulus Communications Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2017

Thomas Quinn
Accountants
The Station House
15 Station Road
St Ives
Cambridgeshire
PE27 5BH

 

Emulus Communications Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

Emulus Communications Limited

Company Information

Directors

Mr Adrian Mark Smith

Mrs Louise Helen Smith

Registered office

The Station House
15 Station Road
St Ives
Cambridgeshire
PE27 5BH

Accountants

Thomas Quinn
Accountants
The Station House
15 Station Road
St Ives
Cambridgeshire
PE27 5BH

 

Emulus Communications Limited

(Registration number: 08401296)
Balance Sheet as at 31 October 2017

Note

2017
£

2016
£

Fixed assets

 

Tangible assets

4

2,165

1,537

Current assets

 

Debtors

5

63,642

17,112

Cash at bank and in hand

 

42,160

73,754

 

105,802

90,866

Creditors: Amounts falling due within one year

6

(28,980)

(57,649)

Net current assets

 

76,822

33,217

Total assets less current liabilities

 

78,987

34,754

Provisions for liabilities

(420)

(200)

Net assets

 

78,567

34,554

Capital and reserves

 

Called up share capital

7

3

3

Profit and loss account

78,564

34,551

Total equity

 

78,567

34,554

For the financial year ending 31 October 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 26 July 2018 and signed on its behalf by:
 


 

Mr Adrian Mark Smith

Director

 

Emulus Communications Limited

Notes to the Financial Statements for the Year Ended 31 October 2017

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
The Station House
15 Station Road
St Ives
Cambridgeshire
PE27 5BH

The principal place of business is:
36 Common Lane
Hemingford Abbots
Cambs
PE28 9AN

The accounts were authorised for issue on the date shown on the Director's report.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Emulus Communications Limited

Notes to the Financial Statements for the Year Ended 31 October 2017

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Emulus Communications Limited

Notes to the Financial Statements for the Year Ended 31 October 2017

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2016 - 2).

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 November 2016

4,500

4,500

Additions

1,324

1,324

At 31 October 2017

5,824

5,824

Depreciation

At 1 November 2016

2,963

2,963

Charge for the year

696

696

At 31 October 2017

3,659

3,659

Carrying amount

At 31 October 2017

2,165

2,165

At 31 October 2016

1,537

1,537

5

Debtors

2017
£

2016
£

Trade debtors

53,642

17,112

Other debtors

10,000

-

63,642

17,112

6

Creditors

Creditors: amounts falling due within one year

Note

2017
£

2016
£

Due within one year

 

Taxation and social security

 

26,557

29,436

Other creditors

 

2,423

28,213

 

28,980

57,649

 

Emulus Communications Limited

Notes to the Financial Statements for the Year Ended 31 October 2017

7

Share capital

Allotted, called up and fully paid shares

 

2017

2016

 

No.

£

No.

£

Ordinary of £ 1 each

3

3

3

3

         

8

Dividends

   

2017

 

2016

   

£

 

£

9

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2017
£

2016
£

Remuneration

14,697

14,698

10

Parent and ultimate parent undertaking

The ultimate controlling party is A M Smith.