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REGISTERED NUMBER: 11080875 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

ESPRIT WINDSCREEN REPAIR EQUIPMENT
LIMITED

ESPRIT WINDSCREEN REPAIR EQUIPMENT
LIMITED (REGISTERED NUMBER: 11080875)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ESPRIT WINDSCREEN REPAIR EQUIPMENT
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Ms V Evans
D Evans





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 11080875 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

ESPRIT WINDSCREEN REPAIR EQUIPMENT
LIMITED (REGISTERED NUMBER: 11080875)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 7,530 10,233

CURRENT ASSETS
Stocks 4 122,148 117,831
Debtors 5 147,577 153,636
Cash at bank 58,727 94,976
328,452 366,443
CREDITORS
Amounts falling due within one year 6 134,240 160,823
NET CURRENT ASSETS 194,212 205,620
TOTAL ASSETS LESS CURRENT
LIABILITIES

201,742

215,853

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 201,741 215,852
SHAREHOLDERS' FUNDS 201,742 215,853

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.

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 21 November 2023 and were signed on its behalf by:





D Evans - Director


ESPRIT WINDSCREEN REPAIR EQUIPMENT
LIMITED (REGISTERED NUMBER: 11080875)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. 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 comprises the invoiced value of goods and services supplied, net of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery20% reducing balance
Leasehold improvementsStraight line over 21 years

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 4 ) .

3. TANGIBLE FIXED ASSETS
Leasehold Plant and
improvements machinery Totals
£    £    £   
COST
At 1 April 2022 921 26,238 27,159
Additions - 3,071 3,071
Disposals - (709 ) (709 )
At 31 March 2023 921 28,600 29,521
DEPRECIATION
At 1 April 2022 198 16,728 16,926
Charge for year 44 5,520 5,564
Eliminated on disposal - (499 ) (499 )
At 31 March 2023 242 21,749 21,991
NET BOOK VALUE
At 31 March 2023 679 6,851 7,530
At 31 March 2022 723 9,510 10,233

ESPRIT WINDSCREEN REPAIR EQUIPMENT
LIMITED (REGISTERED NUMBER: 11080875)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. STOCKS
2023 2022
£    £   
Stocks 122,148 117,831

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 144,458 153,636
Tax 3,119 -
147,577 153,636

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 80,555 43,625
Tax - 15,328
Social security and other taxes 3,284 3,400
VAT 12,244 15,036
Other creditors 680 24
Directors' loan accounts 37,477 83,410
134,240 160,823

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 0.01 1 1

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Ms V Evans and D Evans decreased their loan to the company. As at 31 March 2023, the company owed them £37,477 (2022: £83,410). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D Evans and Ms V Evans.

This was by virtue of their control of the family trust that owns the shares of the company.