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REGISTERED NUMBER: SC607828 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

58E Advice Limited

58E Advice Limited (Registered number: SC607828)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

58E Advice Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: J R Reynolds





REGISTERED OFFICE: 58 East Main Street
Blackburn
Bathgate
EH47 7QS





REGISTERED NUMBER: SC607828 (Scotland)





ACCOUNTANTS: Goddard Accounting and Tax Solutions
Duncargen
St Margaret’s Drive
Dunblane
Stirlingshire
FK15 0DP

58E Advice Limited (Registered number: SC607828)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,154

CURRENT ASSETS
Debtors 5 15,409 78,305
Cash at bank 60,015 24,887
75,424 103,192
CREDITORS
Amounts falling due within one year 6 6,029 5,392
NET CURRENT ASSETS 69,395 97,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,395

98,954

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 69,275 98,834
SHAREHOLDERS' FUNDS 69,395 98,954

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

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

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 27 November 2023 and were signed by:





J R Reynolds - Director


58E Advice Limited (Registered number: SC607828)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

58E Advice Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover represents the value of advice work completed and billed or billable in the accounting period.

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 - 33% on cost

Taxation
Taxation for the year comprises current 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 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022
and 30 April 2023 3,463
DEPRECIATION
At 1 May 2022 2,309
Charge for year 1,154
At 30 April 2023 3,463
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 1,154

58E Advice Limited (Registered number: SC607828)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Amounts owed by group undertakings 15,409 71,617
Other debtors - 6,688
15,409 78,305

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Amounts owed to group undertakings 24 -
Taxation and social security 6,005 5,392
6,029 5,392

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23 30.4.22
£    £   
J R Reynolds
Balance outstanding at start of year 20 80
Amounts repaid (20 ) (60 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 20

G Friello
Balance outstanding at start of year - 20
Amounts repaid - (20 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £29,000 were paid to the directors .

During the year, 58E Advice Limited provided pensions advice to Expert Pensions Advice LLP. Director John Reynolds is also a partner in Expert Pensions Advice LLP. The balance due from Expert Pensions Advice LLP at 30 April 2023, including a provision of £25,000 for amounts not expected to be recovered, was £15,409 (2022-£70,322).
Additionally, 58E Advice Limited provided services to Expert Pensions Consulting Limited. Director John Reynolds is also a director of Expert Pensions Consulting Limited. The balance due to Expert Pensions Consulting Limited at 30 April 2023 was £24 (2022- Debtor of £1,295).

9. ULTIMATE CONTROLLING PARTY

The controlling party is J R Reynolds.

The ultimate controlling party is J R Reynolds.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
58E Advice Limited

The following reproduces the text of the report prepared for the director 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 Director 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 58E Advice Limited for the year ended 30 April 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of 58E Advice Limited in accordance with the terms of our engagement letter dated 16 October 2019. Our work has been undertaken solely to prepare for your approval the financial statements of 58E Advice Limited and state those matters that we have agreed to state to the director of 58E Advice Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that 58E Advice Limited 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 loss of 58E Advice Limited. You consider that 58E Advice Limited 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 58E Advice Limited. 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.






Goddard Accounting and Tax Solutions
Duncargen
St Margaret’s Drive
Dunblane
Stirlingshire
FK15 0DP


27 November 2023