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Logo On Report
Registered Number: 11829350
England and Wales

 

 

 

ESSENTIAL AV LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2022

End date: 28 February 2023
Directors Will Bray
Samuel Thompson
Grant Sivell
Registered Number 11829350
Registered Office Supastorage Unit 3
57 Windsor Avenue
London
SW19 2RR
Accountants Ward Williams Creatives Limited
Belgrave House
39-43 Monument Hill
Weybridge
Surrey
KT13 8RN
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 61,282    17,459 
61,282    17,459 
Current assets      
Debtors 4 68,348    16,393 
Cash at bank and in hand 26,562    3,498 
94,910    19,891 
Creditors: amount falling due within one year 5 (113,510)   (36,019)
Net current liabilities (18,600)   (16,128)
 
Total assets less current liabilities 42,682    1,331 
Creditors: amount falling due after more than one year 6 (28,299)   (40,756)
Net assets 14,383    (39,425)
 

Capital and reserves
     
Called up share capital 150    150 
Profit and loss account 14,233    (39,575)
Shareholder's funds 14,383    (39,425)
 


For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 17 November 2023 and were signed on its behalf by:


-------------------------------
Will Bray
Director
2
General Information
Essential AV Ltd is a private company, limited by shares, registered in England and Wales, registration number 11829350, registration address Supastorage Unit 3, 57 Windsor Avenue , London, SW19 2RR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20 Straight Line
Motor Vehicles 20 Straight Line
Fixtures and Fittings 20 Straight Line
Computer Equipment 33 Straight Line
2.

Average number of employees

Average number of employees during the year was 4 (2022 : 4).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 March 2022 22,679    5,000    870    1,638    30,187 
Additions 61,426      867    2,155    64,448 
Disposals        
At 28 February 2023 84,105    5,000    1,737    3,793    94,635 
Depreciation
At 01 March 2022 11,970    500    522    929    13,921 
Charge for year 16,821    1,000    347    1,264    19,432 
On disposals        
At 28 February 2023 28,791    1,500    869    2,193    33,353 
Net book values
Closing balance as at 28 February 2023 55,314    3,500    868    1,600    61,282 
Opening balance as at 01 March 2022 11,902    4,500    348    709    17,459 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 68,174    12,450 
Other Debtors 174    (1)
Directors Loan Account 2   3,944 
68,348    16,393 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 13,639    1,677 
Bank Loans & Overdrafts (Secured) 12,326    9,244 
Corporation Tax 13,292   
PAYE & Social Security 5,293    3,830 
Accrued Expenses 1,700    1,395 
Wages & Salaries Control Account   (2,183)
Pension Control Account 97    313 
Directors' Current Accounts 17,751    12,276 
Directors Loan Account 2 16,950   
Directors Loan Account 3 15,935    9,050 
VAT 16,527    417 
113,510    36,019 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts (secured) 28,299    40,756 
28,299    40,756 

3