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REGISTERED NUMBER: 08056552 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2023

FOR

ESSENTIAL TELECOMMUNICATIONS LIMITED

ESSENTIAL TELECOMMUNICATIONS LIMITED (REGISTERED NUMBER: 08056552)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ESSENTIAL TELECOMMUNICATIONS LIMITED

COMPANY INFORMATION
for the Year Ended 31st May 2023







DIRECTORS: Mr G Ray
Mr L J Hopkins





REGISTERED OFFICE: Central Boulevard
Blythe Valley Park
Shirley
Solihull
West Midlands
B90 8AG





REGISTERED NUMBER: 08056552 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

ESSENTIAL TELECOMMUNICATIONS LIMITED (REGISTERED NUMBER: 08056552)

BALANCE SHEET
31st May 2023

31/5/23 31/5/22
Notes £    £   
CURRENT ASSETS
Debtors 5 4,754 8,502
Cash at bank 109,058 95,784
113,812 104,286
CREDITORS
Amounts falling due within one year 6 95,875 66,725
NET CURRENT ASSETS 17,937 37,561
TOTAL ASSETS LESS CURRENT LIABILITIES 17,937 37,561

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 17,837 37,461
SHAREHOLDERS' FUNDS 17,937 37,561

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

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

ESSENTIAL TELECOMMUNICATIONS LIMITED (REGISTERED NUMBER: 08056552)

BALANCE SHEET - continued
31st May 2023


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 19th October 2023 and were signed on its behalf by:




Mr G Ray - Director



Mr L J Hopkins - Director


ESSENTIAL TELECOMMUNICATIONS LIMITED (REGISTERED NUMBER: 08056552)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2023


1. STATUTORY INFORMATION

Essential Telecommunications 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

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.

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.

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.

ESSENTIAL TELECOMMUNICATIONS LIMITED (REGISTERED NUMBER: 08056552)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st May 2023


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st June 2022
and 31st May 2023 336
DEPRECIATION
At 1st June 2022
and 31st May 2023 336
NET BOOK VALUE
At 31st May 2023 -
At 31st May 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade debtors 4,754 8,502

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade creditors 41,034 30,816
Tax 32,204 17,139
Social security and other taxes 8,331 7,954
VAT 14,289 10,800
Directors' current accounts 17 16
95,875 66,725

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/23 31/5/22
value: £    £   
100 Ordinary 1 100 100

ESSENTIAL TELECOMMUNICATIONS LIMITED (REGISTERED NUMBER: 08056552)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st May 2023


8. RESERVES
Retained
earnings
£   

At 1st June 2022 37,461
Profit for the year 118,376
Dividends (138,000 )
At 31st May 2023 17,837