IRIS Accounts Production v23.3.0.418 05696080 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh056960802022-03-31056960802023-03-31056960802022-04-012023-03-31056960802021-03-31056960802021-04-012022-03-31056960802022-03-3105696080ns10:Originalns15:EnglandWales2022-04-012023-03-3105696080ns14:PoundSterlingns10:Original2022-04-012023-03-3105696080ns10:Originalns10:Director12022-04-012023-03-3105696080ns10:Original2022-04-012023-03-3105696080ns10:Original2023-03-3105696080ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3105696080ns10:Originalns10:SmallEntities2022-04-012023-03-3105696080ns10:Originalns10:AuditExemptWithAccountantsReport2022-04-012023-03-3105696080ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3105696080ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3105696080ns10:Originalns10:FullAccounts2022-04-012023-03-3105696080ns10:Original12022-04-012023-03-3105696080ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3105696080ns10:Originalns10:Director22022-04-012023-03-3105696080ns10:CompanySecretary1ns10:Original2022-04-012023-03-3105696080ns10:Originalns10:RegisteredOffice2022-04-012023-03-3105696080ns10:Original2022-03-3105696080ns10:Originalns5:CurrentFinancialInstruments2023-03-3105696080ns10:Originalns5:CurrentFinancialInstruments2022-03-3105696080ns10:Originalns5:Non-currentFinancialInstruments2023-03-3105696080ns10:Originalns5:Non-currentFinancialInstruments2022-03-3105696080ns5:ShareCapitalns10:Original2023-03-3105696080ns5:ShareCapitalns10:Original2022-03-3105696080ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3105696080ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3105696080ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-012023-03-3105696080ns10:Originalns5:ComputerSoftware2022-04-012023-03-3105696080ns10:Originalns5:PlantMachinery2022-04-012023-03-3105696080ns10:Original2021-04-012022-03-3105696080ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-03-3105696080ns5:IntangibleAssetsOtherThanGoodwillns10:Original2023-03-3105696080ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-03-3105696080ns10:Originalns5:PlantMachinery2022-03-3105696080ns10:Originalns5:PlantMachinery2023-03-3105696080ns10:Originalns5:PlantMachinery2022-03-3105696080ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3105696080ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3105696080ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3105696080ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-03-3105696080ns10:Originalns10:OrdinaryShareClass12023-03-3105696080ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3105696080ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-3105696080ns10:Original1ns10:Director12022-03-3105696080ns10:Original1ns10:Director12021-03-3105696080ns10:Original1ns10:Director12022-04-012023-03-3105696080ns10:Original1ns10:Director12021-04-012022-03-3105696080ns10:Original1ns10:Director12023-03-3105696080ns10:Original1ns10:Director12022-03-3105696080ns10:Originalns10:Director222022-03-3105696080ns10:Originalns10:Director222021-03-3105696080ns10:Originalns10:Director222022-04-012023-03-3105696080ns10:Originalns10:Director222021-04-012022-03-3105696080ns10:Originalns10:Director222023-03-3105696080ns10:Originalns10:Director222022-03-31
REGISTERED NUMBER: 05696080 (England and Wales)















Earlsloan Limited

Financial Statements for the Year Ended 31 March 2023






Earlsloan Limited (Registered number: 05696080)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Earlsloan Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: Mr A A Sloan
Mrs R C Sloan





SECRETARY: Mrs R C Sloan





REGISTERED OFFICE: 99 Canterbury Road
Whitstable
CT5 4HG





REGISTERED NUMBER: 05696080 (England and Wales)





ACCOUNTANTS: MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG

Earlsloan Limited (Registered number: 05696080)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,525 14,475
Tangible assets 5 7,520 8,545
20,045 23,020

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 6 25,777 25,777
Cash at bank and in hand 36,928 55,075
67,705 85,852
CREDITORS
Amounts falling due within one year 7 13,759 14,842
NET CURRENT ASSETS 53,946 71,010
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,991

94,030

CREDITORS
Amounts falling due after more than one
year

8

44,444

50,000
NET ASSETS 29,547 44,030

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 29,447 43,930
SHAREHOLDERS' FUNDS 29,547 44,030

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 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.

Earlsloan Limited (Registered number: 05696080)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2023 and were signed on its behalf by:





Mr A A Sloan - Director


Earlsloan Limited (Registered number: 05696080)

Notes to the Financial Statements
for the year ended 31 March 2023


1. STATUTORY INFORMATION

Earlsloan 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.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

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 etc - 25% on reducing balance and 15% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Earlsloan Limited (Registered number: 05696080)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 19,500
AMORTISATION
At 1 April 2022 5,025
Charge for year 1,950
At 31 March 2023 6,975
NET BOOK VALUE
At 31 March 2023 12,525
At 31 March 2022 14,475

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 44,226
Additions 888
At 31 March 2023 45,114
DEPRECIATION
At 1 April 2022 35,681
Charge for year 1,913
At 31 March 2023 37,594
NET BOOK VALUE
At 31 March 2023 7,520
At 31 March 2022 8,545

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 6,822 6,822
Directors' current accounts 18,955 18,955
25,777 25,777

Earlsloan Limited (Registered number: 05696080)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 1,844
Trade creditors 10,255 7,892
Tax - 1,818
Social security and other taxes 2,295 303
Pension fund 69 72
VAT 1,140 2,913
13,759 14,842

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 44,444 50,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2022 43,930
Deficit for the year (8,788 )
Dividends (5,695 )
At 31 March 2023 29,447

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr A A Sloan
Balance outstanding at start of year 9,477 9,477
Amounts advanced - 3,432
Amounts repaid - (3,432 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,477 9,477

Earlsloan Limited (Registered number: 05696080)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs R C Sloan
Balance outstanding at start of year 9,477 9,477
Amounts advanced - 3,432
Amounts repaid - (3,432 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,477 9,477

Earlsloan Limited

Report of the Accountants to the Directors of
Earlsloan Limited


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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG


4 August 2023