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REGISTERED NUMBER: 06708726 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Easyfix Balustrades Ltd

Easyfix Balustrades Ltd (Registered number: 06708726)






Contents of the Financial Statements
for the year ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

Easyfix Balustrades Ltd

Company Information
for the year ended 30 June 2023







DIRECTORS: K Jorgensen
G Broughton





REGISTERED OFFICE: Unit 4, Apex Business Park
Apex Way
Dewsbury Road
Leeds
West Yorkshire
LS11 5LN





REGISTERED NUMBER: 06708726 (England and Wales)





ACCOUNTANTS: Beaumonts
8 Navigation Court
Calder Park
Wakefield
West Yorkshire
WF2 7BJ

Easyfix Balustrades Ltd (Registered number: 06708726)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,536 11,072
Tangible assets 5 12,843 17,659
18,379 28,731

CURRENT ASSETS
Stocks 163,416 156,686
Debtors 6 387,730 260,775
Cash at bank and in hand 50,160 51,386
601,306 468,847
CREDITORS
Amounts falling due within one year 7 324,120 243,639
NET CURRENT ASSETS 277,186 225,208
TOTAL ASSETS LESS CURRENT
LIABILITIES

295,565

253,939

PROVISIONS FOR LIABILITIES 3,488 4,968
NET ASSETS 292,077 248,971

CAPITAL AND RESERVES
Called up share capital 24,846 24,846
Share premium 235,161 235,161
Retained earnings 32,070 (11,036 )
SHAREHOLDERS' FUNDS 292,077 248,971

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Easyfix Balustrades Ltd (Registered number: 06708726)

Balance Sheet - continued
30 June 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 15 November 2023 and were signed on its behalf by:




K Jorgensen - Director



G Broughton - Director


Easyfix Balustrades Ltd (Registered number: 06708726)

Notes to the Financial Statements
for the year ended 30 June 2023

1. STATUTORY INFORMATION

Easyfix Balustrades 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.

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 relates to the sales of stainless steel handrail and balustrade products and is recognised when goods are supplied to the customer. Turnover is measured at the fair value of the consideration receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 3.5 years straight line
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on cost, 15% on cost and 10% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Easyfix Balustrades Ltd (Registered number: 06708726)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

2. ACCOUNTING POLICIES - continued

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 6 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 July 2022
and 30 June 2023 27,680
AMORTISATION
At 1 July 2022 16,608
Amortisation for year 5,536
At 30 June 2023 22,144
NET BOOK VALUE
At 30 June 2023 5,536
At 30 June 2022 11,072

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2022
and 30 June 2023 39,614 20,874 13,917
DEPRECIATION
At 1 July 2022 35,794 12,240 13,917
Charge for year 1,528 1,727 -
At 30 June 2023 37,322 13,967 13,917
NET BOOK VALUE
At 30 June 2023 2,292 6,907 -
At 30 June 2022 3,820 8,634 -

Easyfix Balustrades Ltd (Registered number: 06708726)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 4,042 21,203 99,650
DEPRECIATION
At 1 July 2022 1,077 18,963 81,991
Charge for year 808 753 4,816
At 30 June 2023 1,885 19,716 86,807
NET BOOK VALUE
At 30 June 2023 2,157 1,487 12,843
At 30 June 2022 2,965 2,240 17,659

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 359,004 228,022
Other debtors 28,726 32,753
387,730 260,775

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 273,793 200,946
Taxation and social security 33,953 30,293
Other creditors 16,374 12,400
324,120 243,639

8. OTHER FINANCIAL COMMITMENTS

The total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £49,988 (2022 - £92,556).

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Easyfix Balustrades 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 Easyfix Balustrades Ltd for the year ended 30 June 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Easyfix Balustrades 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 Easyfix Balustrades Ltd and state those matters that we have agreed to state to the Board of Directors of Easyfix Balustrades Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Easyfix Balustrades Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Easyfix Balustrades 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 Easyfix Balustrades Ltd. You consider that Easyfix Balustrades 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 Easyfix Balustrades 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.






Beaumonts
8 Navigation Court
Calder Park
Wakefield
West Yorkshire
WF2 7BJ


15 November 2023