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REGISTERED NUMBER: 04694378 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

EAST WEST REFURBISHMENT LIMITED

EAST WEST REFURBISHMENT LIMITED (REGISTERED NUMBER: 04694378)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EAST WEST REFURBISHMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: A P Davison





SECRETARY: Mrs J E Davison





REGISTERED OFFICE: 29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU





REGISTERED NUMBER: 04694378 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU

EAST WEST REFURBISHMENT LIMITED (REGISTERED NUMBER: 04694378)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,452 5,900

CURRENT ASSETS
Stocks 5 200 -
Debtors 6 21,064 30,932
Cash at bank 87,280 71,925
108,544 102,857
CREDITORS
Amounts falling due within one year 7 29,442 28,455
NET CURRENT ASSETS 79,102 74,402
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,554

80,302

PROVISIONS FOR LIABILITIES 8 550 807
NET ASSETS 83,004 79,495

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 82,904 79,395
SHAREHOLDERS' FUNDS 83,004 79,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 11 October 2023 and were signed by:





A P Davison - Director


EAST WEST REFURBISHMENT LIMITED (REGISTERED NUMBER: 04694378)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

East West Refurbishment 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 the value of income from development of building projects, net of value added tax.

Revenue is recognised as work is completed and any not billed is included in debtors as work in progress.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Grants are accounted for under the accruals method. Grants of a revenue nature are recognised in "other income" within the profit or loss in the same period as the related expenditure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

EAST WEST REFURBISHMENT LIMITED (REGISTERED NUMBER: 04694378)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Plant & Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 - 30,030 740 30,770
Additions 235 - - 235
Disposals - (6,257 ) - (6,257 )
At 31 March 2023 235 23,773 740 24,748
DEPRECIATION
At 1 April 2022 - 24,130 740 24,870
Charge for year 59 1,426 - 1,485
Eliminated on disposal - (6,059 ) - (6,059 )
At 31 March 2023 59 19,497 740 20,296
NET BOOK VALUE
At 31 March 2023 176 4,276 - 4,452
At 31 March 2022 - 5,900 - 5,900

5. STOCKS
2023 2022
£    £   
Stocks 200 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,000 -
Other debtors 660 -
Accrued income - 28,500
Prepayments 404 2,432
21,064 30,932

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,314 3,743
Tax 10,680 8,929
VAT 3,418 4,884
Directors' current accounts 11,130 9,079
Accrued expenses 1,900 1,820
29,442 28,455

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 550 807

EAST WEST REFURBISHMENT LIMITED (REGISTERED NUMBER: 04694378)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 807
Provided during year (257 )
Balance at 31 March 2023 550