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REGISTERED NUMBER: NI622784 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Escalade Rope Access Ltd

Escalade Rope Access Ltd (Registered number: NI622784)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Escalade Rope Access Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: A Marshall





REGISTERED OFFICE: 39 Old Mill Heights
Culcavey
Down
BT26 6RF





REGISTERED NUMBER: NI622784 (Northern Ireland)





ACCOUNTANTS: ASC Wylie UBU Ltd
Qualified Accountants, Tax & Business Advisors
7 Lisburn Street
Royal Hillsborough
Co. Down
BT26 6AB

Escalade Rope Access Ltd (Registered number: NI622784)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,863 4,521

CURRENT ASSETS
Debtors 5 43,389 40,368
Cash at bank 56 4,249
43,445 44,617
CREDITORS
Amounts falling due within one year 6 33,074 28,099
NET CURRENT ASSETS 10,371 16,518
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,234

21,039

CREDITORS
Amounts falling due after more than one
year

7

(14,925

)

(20,000

)

PROVISIONS FOR LIABILITIES (1,114 ) (859 )
NET ASSETS 195 180

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 185 170
195 180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Escalade Rope Access Ltd (Registered number: NI622784)

Balance Sheet - continued
28 February 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 director and authorised for issue on 23 November 2023 and were signed by:





A Marshall - Director


Escalade Rope Access Ltd (Registered number: NI622784)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Escalade Rope Access Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

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

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Escalade Rope Access Ltd (Registered number: NI622784)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 14,350
Additions 3,152
At 28 February 2023 17,502
DEPRECIATION
At 1 March 2022 9,829
Charge for year 1,810
At 28 February 2023 11,639
NET BOOK VALUE
At 28 February 2023 5,863
At 28 February 2022 4,521

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 15,698
Other debtors 43,389 24,670
43,389 40,368

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,683 16,960
Taxation and social security 5,945 8,230
Other creditors 4,446 2,909
33,074 28,099

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 14,925 20,000

Escalade Rope Access Ltd (Registered number: NI622784)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. RELATED PARTY DISCLOSURES

During the year transactions with related parties on which no interest is charged or paid as follows, the balance outstanding was (£33,721) and in the previous year (£20,228)

2023 2022
£    £   
Opening balance 1 March 2022 (20,228 ) (6,560 )
Capital introduced 34,769 31,785
Repaid (48,262 ) (45,453 )
Closing balance 28 February 2023 (33,721 ) (20,228 )
.