East Beach Solutions Ltd
Registered number: 08560895
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 7,700 10,269
Current assets
Debtors 4 21,482 31,000
Cash at bank and in hand 25,868 26,946
47,350 57,946
Creditors: amounts falling due within one year 5 (20,362) (27,171)
Net current assets 26,988 30,775
Total assets less current liabilities 34,688 41,044
Creditors: amounts falling due after more than one year 6 (8,942) (12,824)
Net assets 25,746 28,220
Capital and reserves
Called up share capital 100 100
Profit and loss account 25,646 28,120
Shareholder's funds 25,746 28,220
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs S T Irving
Director
Approved by the board on 9 October 2023
East Beach Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 April 2022 25,033
At 31 March 2023 25,033
Depreciation
At 1 April 2022 14,764
Charge for the year 2,569
At 31 March 2023 17,333
Net book value
At 31 March 2023 7,700
At 31 March 2022 10,269
4 Debtors 2023 2022
£ £
Trade debtors 16,468 28,655
Other debtors 5,014 2,345
21,482 31,000
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 4,000 4,000
Taxation and social security costs 13,900 8,590
Other creditors 2,462 14,581
20,362 27,171
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 8,942 12,824
7 Other information
East Beach Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Demar House, 14 Church Road
East Wittering
Chichester
West Sussex
PO20 8PS
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