Eagle Clo Ltd |
Notes to the Accounts |
for the period from 6 December 2020 to 31 March 2022 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
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Depreciation |
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Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
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Fixtures, fittings and equipment |
15% reducing balance |
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Stocks |
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Stock is valued at the lower of cost and net realisable value.Stock is valued at the lower of cost and net realisable value. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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2 |
Employees |
2022 |
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Number |
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Average number of persons employed by the company |
0 |
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3 |
Tangible fixed assets |
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Fixtures fittings and equipment |
£ |
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Cost |
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Additions |
400 |
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At 31 March 2022 |
400 |
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Depreciation |
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Charge for the period |
60 |
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At 31 March 2022 |
60 |
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Net book value |
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At 31 March 2022 |
340 |
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4 |
Creditors: amounts falling due within one year |
2022 |
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£ |
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Other creditors |
7,849 |
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5 |
Other information |
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Eagle Clo Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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2 Richmond Place |
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Lowestoft |
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NR33 0EW |