Registered number: 09043895 | ||||||||
FOR THE YEAR ENDED 31/05/2023 | ||||||||
Prepared By: | ||||||||
Berry Kearsley Stockwell Ltd | ||||||||
Accountants | ||||||||
Sterling House | ||||||||
31-32 High Street | ||||||||
Wellingborough | ||||||||
Northants | ||||||||
NN8 4HL |
Erris Civil Engineering Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/05/2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 09043895 | ||||||||
ACCOUNTANTS | ||||||||
Berry Kearsley Stockwell Ltd | ||||||||
Accountants | ||||||||
Sterling House | ||||||||
31-32 High Street | ||||||||
Wellingborough | ||||||||
Northants | ||||||||
NN8 4HL |
Erris Civil Engineering Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/05/2023 | ||||||||
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 | - |
Erris Civil Engineering Ltd | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
138,755 | 158,902 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT (LIABILITIES) / ASSETS | ( | 38,558 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 222,970 | 264,422 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Profit and loss account | 264 | 9,925 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Erris Civil Engineering Ltd | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/05/2023 | ||||||||||
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. Depreciation | ||||||||
Commercial Vehicles | reducing balance 25% | |||||||
Equipment | reducing balance 25% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
Erris Civil Engineering Ltd | ||||||||
2. TANGIBLE FIXED ASSETS | ||||||||||||||
Commercial | ||||||||||||||
Vehicles | Equipment | Total | ||||||||||||
£ | £ | £ | ||||||||||||
Cost | ||||||||||||||
At 01/06/2022 | 48,058 | 408,388 | 456,446 | |||||||||||
Additions | - | 186,054 | 186,054 | |||||||||||
Disposals | - | (111,850) | (111,850) | |||||||||||
At 31/05/2023 | 48,058 | 482,592 | 530,650 | |||||||||||
Depreciation | ||||||||||||||
At 01/06/2022 | 12,015 | 153,210 | 165,225 | |||||||||||
Disposals | - | (48,934) | (48,934) | |||||||||||
For the year | 9,011 | 94,579 | 103,590 | |||||||||||
At 31/05/2023 | 21,026 | 198,855 | 219,881 | |||||||||||
Net Book Amounts | ||||||||||||||
At 31/05/2023 | 310,769 | |||||||||||||
At 31/05/2022 | 291,221 | |||||||||||||
Included in Tangible Assets were assets with a Net Book Value of £287,668 (2022 - £281,473) which are held under Hire Purchase agreements. Net depreciation charged in the year in respect of these assets amounted to £95,889 (2022 - £93,824). | ||||||||||||||
3. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Work in progress | ||||||
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors and work in progress | 27,144 | 99,144 | ||||||
PAYE control | 26,760 | 27,802 | ||||||
Directors current account | 74,837 | 9,185 | ||||||
128,741 | 136,131 | |||||||
Erris Civil Engineering Ltd | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
VAT | 12,877 | 14,441 | ||||||
Bank loans and overdrafts | 447 | - | ||||||
Loans | 8,100 | 8,098 | ||||||
Hire purchase | 106,326 | 86,749 | ||||||
Trade creditors | 19,193 | 9,684 | ||||||
Accruals | 1,554 | 1,372 | ||||||
148,497 | 120,344 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Loans >1yr | 15,902 | 23,905 | ||||||
Hire purchase >1yr | 207,068 | 240,517 | ||||||
222,970 | 264,422 | |||||||
7. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 1 | |||||
8. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 77,693 | 55,332 | ||||||
77,693 | 55,332 | |||||||
Erris Civil Engineering Ltd | ||||||||
9. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
10. CONTROLLING PARTY | ||||||||
The company is controlled by Mr D Gaughan. | ||||||||