Registered number
01501042
E A Agutter Limited
Filleted Accounts
30 June 2023
E A Agutter Limited
Registered number: 01501042
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,281,362 1,273,102
Current assets
Stocks 2,517 2,570
Debtors 4 183,602 182,010
Cash at bank and in hand 364,544 284,594
550,663 469,174
Creditors: amounts falling due within one year 5 (78,622) (72,080)
Net current assets 472,041 397,094
Total assets less current liabilities 1,753,403 1,670,196
Provisions for liabilities (118,535) (91,958)
Net assets 1,634,868 1,578,238
Capital and reserves
Called up share capital 11,504 11,504
Revaluation reserve 6 389,010 396,835
Profit and loss account 1,234,354 1,169,899
Shareholders' funds 1,634,868 1,578,238
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
G A Agutter
Director
Approved by the board on 6 November 2023
E A Agutter Limited
Notes to the Accounts
for the year ended 30 June 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:
Land and buildings (excluding investment properties) 2% reducing balance
Plant, machinery and office equipment 20% reducing balance
Motor vehicles 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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 17 13
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2022 1,223,831 17,169 312,554 1,553,554
Additions - 267 16,500 16,767
Surplus on revaluation 16,167 - - 16,167
Disposals - - (19,638) (19,638)
At 30 June 2023 1,239,998 17,436 309,416 1,566,850
Depreciation
At 1 July 2022 18,870 14,048 247,534 280,452
Charge for the year 1,893 508 19,749 22,150
On disposals - - (17,114) (17,114)
At 30 June 2023 20,763 14,556 250,169 285,488
Net book value
At 30 June 2023 1,219,235 2,880 59,247 1,281,362
At 30 June 2022 1,204,961 3,121 65,020 1,273,102
4 Debtors 2023 2022
£ £
Trade debtors 169,162 168,008
Other debtors 14,440 14,002
183,602 182,010
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 12,696 23,823
Director's loan 7,895 7,933
Taxation and social security costs 55,731 38,024
Other creditors 2,300 2,300
78,622 72,080
6 Revaluation reserve 2023 2022
£ £
At 1 July 2022 396,835 331,765
Gain on revaluation of land and buildings 16,167 80,333
Deferred taxation arising on the revaluation of land and buildings (23,992) (15,263)
At 30 June 2023 389,010 396,835
7 Related party transactions
Interest free loan from related party 7,895 7,933
Director's remuneration 57,823 60,669
Dividends paid to related party 22,571 22,571
8 Controlling party
The company is controlled by G A F Agutter who owns 65% of the issued share capital.
9 Other information
E A Agutter Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 6, Mallard Court
Mallard Close
Earls Barton
Northamptonshire
NN6 0GA
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