IRIS Accounts Production v22.2.0.402 08233401 Board of Directors 28.3.21 27.3.22 27.3.22 0 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure082334012021-03-27082334012022-03-27082334012021-03-282022-03-27082334012020-03-27082334012020-03-282021-03-27082334012021-03-2708233401ns16:EnglandWales2021-03-282022-03-2708233401ns15:PoundSterling2021-03-282022-03-2708233401ns11:Director12021-03-282022-03-2708233401ns11:PrivateLimitedCompanyLtd2021-03-282022-03-2708233401ns11:SmallEntities2021-03-282022-03-2708233401ns11:AuditExempt-NoAccountantsReport2021-03-282022-03-2708233401ns11:SmallCompaniesRegimeForDirectorsReport2021-03-282022-03-2708233401ns11:SmallCompaniesRegimeForAccounts2021-03-282022-03-2708233401ns11:FullAccounts2021-03-282022-03-270823340112021-03-282022-03-2708233401ns11:Director22021-03-282022-03-2708233401ns11:RegisteredOffice2021-03-282022-03-2708233401ns6:CurrentFinancialInstruments2022-03-2708233401ns6:CurrentFinancialInstruments2021-03-2708233401ns6:Non-currentFinancialInstruments2022-03-2708233401ns6:Non-currentFinancialInstruments2021-03-2708233401ns6:ShareCapital2022-03-2708233401ns6:ShareCapital2021-03-2708233401ns6:RetainedEarningsAccumulatedLosses2022-03-2708233401ns6:RetainedEarningsAccumulatedLosses2021-03-2708233401ns6:NetGoodwill2021-03-282022-03-2708233401ns6:IntangibleAssetsOtherThanGoodwill2021-03-282022-03-2708233401ns6:NetGoodwill2021-03-2708233401ns6:NetGoodwill2022-03-2708233401ns6:NetGoodwill2021-03-2708233401ns6:PlantMachinery2021-03-2708233401ns6:PlantMachinery2022-03-2708233401ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-2708233401ns6:WithinOneYearns6:CurrentFinancialInstruments2021-03-27
REGISTERED NUMBER: 08233401 (England and Wales)















Unaudited Financial Statements for the Year Ended 27 March 2022

for

Essex Accountants Limited

Essex Accountants Limited (Registered number: 08233401)






Contents of the Financial Statements
for the year ended 27 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Essex Accountants Limited

Company Information
for the year ended 27 March 2022







DIRECTORS: Mrs D J Simpson
Mrs L F Aldous





REGISTERED OFFICE: Unit 6, Cherrytree Farm Blackmore End Ro
Sible Hedingham
Halstead
Essex
CO9 3LZ





REGISTERED NUMBER: 08233401 (England and Wales)





ACCOUNTANTS: Simpson Accountancy
Unit 6, CherryTree Farm,
Blackmore End Road
Sible Hedingham
CO9 3LG

Essex Accountants Limited (Registered number: 08233401)

Balance Sheet
27 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 50,000 75,000
Tangible assets 5 - -
50,000 75,000

CURRENT ASSETS
Debtors 6 157,186 237,123
Cash at bank and in hand 1 (397 )
157,187 236,726
CREDITORS
Amounts falling due within one year 7 116,603 146,749
NET CURRENT ASSETS 40,584 89,977
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,584

164,977

CREDITORS
Amounts falling due after more than one
year

8

47,506

121,894
NET ASSETS 43,078 43,083

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 42,968 42,973
SHAREHOLDERS' FUNDS 43,078 43,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Essex Accountants Limited (Registered number: 08233401)

Balance Sheet - continued
27 March 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2022 and were signed on its behalf by:





Mrs L F Aldous - Director


Essex Accountants Limited (Registered number: 08233401)

Notes to the Financial Statements
for the year ended 27 March 2022

1. STATUTORY INFORMATION

Essex Accountants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

Essex Accountants Limited (Registered number: 08233401)

Notes to the Financial Statements - continued
for the year ended 27 March 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 28 March 2021
and 27 March 2022 250,000
AMORTISATION
At 28 March 2021 175,000
Charge for year 25,000
At 27 March 2022 200,000
NET BOOK VALUE
At 27 March 2022 50,000
At 27 March 2021 75,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 28 March 2021
and 27 March 2022 25,109
DEPRECIATION
At 28 March 2021
and 27 March 2022 25,109
NET BOOK VALUE
At 27 March 2022 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 23,270 63,072
Amounts owed by group undertakings 133,916 174,321
Other debtors - (270 )
157,186 237,123

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 21,711 14,766
Trade creditors 2 7,510
Amounts owed to group undertakings 53,268 49,887
Taxation and social security 38,238 54,898
Other creditors 3,384 19,688
116,603 146,749

Essex Accountants Limited (Registered number: 08233401)

Notes to the Financial Statements - continued
for the year ended 27 March 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 47,506 121,894

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.