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REGISTERED NUMBER: 04698477 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

E T F (FYLDE) LIMITED

E T F (FYLDE) LIMITED (REGISTERED NUMBER: 04698477)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E T F (FYLDE) LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: D S Law
J P Beckett





SECRETARY: D S Law





REGISTERED OFFICE: Dryer Building
Hillhouse International Site
Fleetwood Road North
Thornton-Cleveleys
Lancashire
FY5 4QD





REGISTERED NUMBER: 04698477 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
Chartered Accountants
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

E T F (FYLDE) LIMITED (REGISTERED NUMBER: 04698477)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 644,390 309,474
644,390 309,474

CURRENT ASSETS
Stocks 329,000 227,365
Debtors 6 290,594 270,641
Cash at bank and in hand 79,758 160,675
699,352 658,681
CREDITORS
Amounts falling due within one year 7 (749,393 ) (416,880 )
NET CURRENT (LIABILITIES)/ASSETS (50,041 ) 241,801
TOTAL ASSETS LESS CURRENT
LIABILITIES

594,349

551,275

CREDITORS
Amounts falling due after more than one
year

8

(173,183

)

(97,554

)

PROVISIONS FOR LIABILITIES (78,768 ) (58,800 )
NET ASSETS 342,398 394,921

CAPITAL AND RESERVES
Called up share capital 95 95
Capital redemption reserve 36 36
Retained earnings 342,267 394,790
SHAREHOLDERS' FUNDS 342,398 394,921

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.

E T F (FYLDE) LIMITED (REGISTERED NUMBER: 04698477)

BALANCE SHEET - continued
31 March 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 Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:




D S Law - Director



J P Beckett - Director


E T F (FYLDE) LIMITED (REGISTERED NUMBER: 04698477)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

E T F (Fylde) Limited 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 represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 3% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

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.

E T F (FYLDE) LIMITED (REGISTERED NUMBER: 04698477)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 37 (2022 - 35 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 113,000
AMORTISATION
At 1 April 2022
and 31 March 2023 113,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

E T F (FYLDE) LIMITED (REGISTERED NUMBER: 04698477)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 6,838 427,046 3,141
Additions 115,777 168,785 7,728
Disposals - - -
At 31 March 2023 122,615 595,831 10,869
DEPRECIATION
At 1 April 2022 6,838 196,394 1,379
Charge for year 866 76,488 1,599
Eliminated on disposal - - -
At 31 March 2023 7,704 272,882 2,978
NET BOOK VALUE
At 31 March 2023 114,911 322,949 7,891
At 31 March 2022 - 230,652 1,762

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 87,365 3,743 528,133
Additions 247,403 900 540,593
Disposals (80,074 ) - (80,074 )
At 31 March 2023 254,694 4,643 988,652
DEPRECIATION
At 1 April 2022 11,068 2,979 218,658
Charge for year 54,145 897 133,995
Eliminated on disposal (8,391 ) - (8,391 )
At 31 March 2023 56,822 3,876 344,262
NET BOOK VALUE
At 31 March 2023 197,872 767 644,390
At 31 March 2022 76,297 764 309,475

E T F (FYLDE) LIMITED (REGISTERED NUMBER: 04698477)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 175,000 53,540 228,540
Additions - 247,403 247,403
Disposals - (80,074 ) (80,074 )
At 31 March 2023 175,000 220,869 395,869
DEPRECIATION
At 1 April 2022 94,515 1,100 95,615
Charge for year 20,121 48,181 68,302
Eliminated on disposal - (8,391 ) (8,391 )
At 31 March 2023 114,636 40,890 155,526
NET BOOK VALUE
At 31 March 2023 60,364 179,979 240,343
At 31 March 2022 80,485 52,440 132,925

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 270,273 259,193
Other debtors 675 -
Tax 11,672 -
Prepayments 7,974 11,448
290,594 270,641

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,949 10,000
Hire purchase contracts (see note 9) 63,762 40,632
Trade creditors 418,373 241,932
Tax - 35,461
Social security and other taxes 11,978 10,539
VAT 77,451 42,704
Directors' current accounts 138,763 5,364
Accruals and deferred income 29,117 30,248
749,393 416,880

E T F (FYLDE) LIMITED (REGISTERED NUMBER: 04698477)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 22,551 32,500
Hire purchase contracts (see note 9) 150,632 65,054
173,183 97,554

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 63,762 40,632
Between one and five years 150,632 65,054
214,394 105,686

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 214,394 105,686

The hire purchase is secured upon the assets to which it relates.

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £65,000 (2022 - £100,000) were paid to the directors .