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REGISTERED NUMBER: 06242096 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Eastern Doors Ltd

Eastern Doors Ltd (Registered number: 06242096)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Eastern Doors Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mr R K Humphris
Mrs A Humphris





REGISTERED OFFICE: Eastern Group
44 Anchor Road
Terrington St Clement
King's Lynn
Norfolk
PE34 4HL





REGISTERED NUMBER: 06242096 (England and Wales)





ACCOUNTANTS: Steve Pye & Co.
Chartered Certified Accountants
Unit 3
North Lynn Business Village
Bergen Way
King's Lynn
Norfolk
PE30 2JG

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Eastern Doors Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eastern Doors Ltd for the year ended 31 January 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Eastern Doors Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eastern Doors Ltd and state those matters that we have agreed to state to the Board of Directors of Eastern Doors Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Eastern Doors Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Eastern Doors Ltd. You consider that Eastern Doors Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Eastern Doors Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Steve Pye & Co.
Chartered Certified Accountants
Unit 3
North Lynn Business Village
Bergen Way
King's Lynn
Norfolk
PE30 2JG


22 September 2023

Eastern Doors Ltd (Registered number: 06242096)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 11,000 12,000
Tangible assets 6 851,422 708,030
862,422 720,030

CURRENT ASSETS
Stocks 239,878 234,468
Debtors 7 188,879 232,004
Cash at bank and in hand 41,187 92,235
469,944 558,707
CREDITORS
Amounts falling due within one year 8 796,738 657,683
NET CURRENT LIABILITIES (326,794 ) (98,976 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

535,628

621,054

CREDITORS
Amounts falling due after more than one
year

9

(354,812

)

(442,563

)

PROVISIONS FOR LIABILITIES (32,473 ) (43,801 )
NET ASSETS 148,343 134,690

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 148,243 134,590
148,343 134,690

Eastern Doors Ltd (Registered number: 06242096)

Balance Sheet - continued
31 January 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2023 and were signed on its behalf by:





Mr R K Humphris - Director


Eastern Doors Ltd (Registered number: 06242096)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Eastern Doors 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period to which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are the depreciation charges that are calculated with reference to the useful economic life of fixed assets.

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
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful life of the goodwill of XX 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.
Short leasehold - 20% on cost
Leasehold Property Improvements - 20% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Website - 20% on cost

Eastern Doors Ltd (Registered number: 06242096)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

3. ACCOUNTING POLICIES - continued

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

a) Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

b) Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

c) Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

d) Trade and other creditors

Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Eastern Doors Ltd (Registered number: 06242096)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

3. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 20 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 20,000
AMORTISATION
At 1 February 2022 8,000
Amortisation for year 1,000
At 31 January 2023 9,000
NET BOOK VALUE
At 31 January 2023 11,000
At 31 January 2022 12,000

Eastern Doors Ltd (Registered number: 06242096)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

6. TANGIBLE FIXED ASSETS
Leasehold
Freehold Short Property
property leasehold Improvement
£    £    £   
COST
At 1 February 2022 350,455 750 600
Additions 138,876 - -
Disposals - - -
At 31 January 2023 489,331 750 600
DEPRECIATION
At 1 February 2022 - 300 120
Charge for year - 150 120
Eliminated on disposal - - -
At 31 January 2023 - 450 240
NET BOOK VALUE
At 31 January 2023 489,331 300 360
At 31 January 2022 350,455 450 480

Plant and Motor
machinery vehicles Website Totals
£    £    £    £   
COST
At 1 February 2022 88,015 524,117 36,175 1,000,112
Additions 22,385 127,746 - 289,007
Disposals - (111,290 ) - (111,290 )
At 31 January 2023 110,400 540,573 36,175 1,177,829
DEPRECIATION
At 1 February 2022 45,597 221,518 24,547 292,082
Charge for year 12,960 75,284 3,175 91,689
Eliminated on disposal - (57,364 ) - (57,364 )
At 31 January 2023 58,557 239,438 27,722 326,407
NET BOOK VALUE
At 31 January 2023 51,843 301,135 8,453 851,422
At 31 January 2022 42,418 302,599 11,628 708,030

Eastern Doors Ltd (Registered number: 06242096)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 124,915 99,871
Amounts owed by participating interests 38,910 42,796
Other debtors 25,054 89,337
188,879 232,004

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 70,052 7,500
Hire purchase contracts 58,463 57,477
Payments on account 160,925 207,568
Trade creditors 271,626 293,431
Taxation and social security 206,766 63,514
Other creditors 28,906 28,193
796,738 657,683

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 211,112 242,500
Hire purchase contracts 143,700 200,063
354,812 442,563

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 January 2023 and the period ended 31 January 2022:

2023 2022
£    £   
Mrs A Humphris and Mr R K Humphris
Balance outstanding at start of year 37,675 (61,778 )
Amounts advanced - 331,878
Amounts repaid (37,675 ) (232,425 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 37,675