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REGISTERED NUMBER: 03676959 (England and Wales)















E.S.T.S. Ltd

Unaudited Financial Statements

for the year ended

31 December 2021






E.S.T.S. Ltd (Registered number: 03676959)

Contents of the Financial Statements
for the year ended 31 December 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


E.S.T.S. Ltd

Company Information
for the year ended 31 December 2021







DIRECTORS: Mrs D M Andrews
Mrs E A Edwards
D Edwards
M G Thacker





SECRETARY: Mrs E A Edwards





REGISTERED OFFICE: Unit 8
Guardian Road Industrial Estate
Norwich
NR5 8PF





REGISTERED NUMBER: 03676959 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY

E.S.T.S. Ltd (Registered number: 03676959)

Balance Sheet
31 December 2021

2021 2020
Notes £    £   
FIXED ASSETS
Intangible assets 4 9,003 10,503
Tangible assets 5 20,302 26,261
29,305 36,764

CURRENT ASSETS
Stocks 37,615 37,615
Debtors 6 22,017 17,895
Cash at bank and in hand 56,249 47,846
115,881 103,356
CREDITORS
Amounts falling due within one year 7 (76,271 ) (70,240 )
NET CURRENT ASSETS 39,610 33,116
TOTAL ASSETS LESS CURRENT LIABILITIES 68,915 69,880

CREDITORS
Amounts falling due after more than one year 8 (9,849 ) (12,847 )

PROVISIONS FOR LIABILITIES (4,684 ) (4,989 )
NET ASSETS 54,382 52,044

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 54,380 52,042
SHAREHOLDERS' FUNDS 54,382 52,044

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

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 12 September 2022 and were signed on its behalf by:





Mrs D M Andrews - Director


E.S.T.S. Ltd (Registered number: 03676959)

Notes to the Financial Statements
for the year ended 31 December 2021


1. STATUTORY INFORMATION

E.S.T.S. Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 1998, 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.
Freehold property - Not depreciated
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 5 ) .

E.S.T.S. Ltd (Registered number: 03676959)

Notes to the Financial Statements - continued
for the year ended 31 December 2021


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021
and 31 December 2021 15,005
AMORTISATION
At 1 January 2021 4,502
Charge for year 1,500
At 31 December 2021 6,002
NET BOOK VALUE
At 31 December 2021 9,003
At 31 December 2020 10,503

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2021 1,735 43,408 28,487 73,630
Additions - 1,914 - 1,914
At 31 December 2021 1,735 45,322 28,487 75,544
DEPRECIATION
At 1 January 2021 - 38,270 9,099 47,369
Charge for year - 1,411 6,462 7,873
At 31 December 2021 - 39,681 15,561 55,242
NET BOOK VALUE
At 31 December 2021 1,735 5,641 12,926 20,302
At 31 December 2020 1,735 5,138 19,388 26,261

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 22,017 17,895

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Hire purchase contracts 2,998 2,998
Trade creditors 60,719 54,560
Taxation and social security 10,989 11,192
Other creditors 1,565 1,490
76,271 70,240

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Hire purchase contracts 2,499 5,497
Other creditors 7,350 7,350
9,849 12,847

E.S.T.S. Ltd (Registered number: 03676959)

Notes to the Financial Statements - continued
for the year ended 31 December 2021


9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
2 Ordinary £1 2 2

10. RELATED PARTY DISCLOSURES

As at the Balance Sheet date the Company owed the Directors £7,350 (2020: £7,350) by way of an interest free loan with no set repayment terms.