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REGISTERED NUMBER: 05415379 (England and Wales)















Unaudited Financial Statements For The Year Ended 5 April 2023

for

Earland Brothers Limited

Earland Brothers Limited (Registered number: 05415379)

Contents of the Financial Statements
For The Year Ended 5 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Earland Brothers Limited

Company Information
For The Year Ended 5 April 2023







DIRECTORS: Mr A J Earland
Mr R W Earland





SECRETARY: Mr R W Earland





REGISTERED OFFICE: Beauchamp Farm
Debdale Wharf
Kibworth
Leicestershire
LE8 0XA





REGISTERED NUMBER: 05415379 (England and Wales)





ACCOUNTANTS: Harris & Clarke LLP
7 Billing Road
Northampton
NORTHAMPTONSHIRE
NN1 5AN

Earland Brothers Limited (Registered number: 05415379)

Balance Sheet
5 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,984 3,148

CURRENT ASSETS
Inventories 47,330 51,524
Debtors 5 4,261 633
Cash at bank and in hand 51,580 76,903
103,171 129,060
CREDITORS
Amounts falling due within one year 6 40,211 34,581
NET CURRENT ASSETS 62,960 94,479
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,944

97,627

PROVISIONS FOR LIABILITIES 567 589
NET ASSETS 65,377 97,038

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 65,375 97,036
SHAREHOLDERS' FUNDS 65,377 97,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

Earland Brothers Limited (Registered number: 05415379)

Balance Sheet - continued
5 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2023 and were signed on its behalf by:





Mr A J Earland - Director


Earland Brothers Limited (Registered number: 05415379)

Notes to the Financial Statements
For The Year Ended 5 April 2023


1. STATUTORY INFORMATION

Earland Brothers 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
Revenue 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.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses.Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives,using either a straight line or reducing balance method, as indicated above.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit and loss.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and investments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Earland Brothers Limited (Registered number: 05415379)

Notes to the Financial Statements - continued
For The Year Ended 5 April 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company contributes to employees personal defined contribution plans. Contributions are recognised in profit or loss as they become payable.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 6 April 2022 23,995 7,161 31,156
Additions - 707 707
At 5 April 2023 23,995 7,868 31,863
DEPRECIATION
At 6 April 2022 21,893 6,115 28,008
Charge for year 526 345 871
At 5 April 2023 22,419 6,460 28,879
NET BOOK VALUE
At 5 April 2023 1,576 1,408 2,984
At 5 April 2022 2,102 1,046 3,148

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,261 633

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,788 7,419
Taxation and social security 7,462 14,460
Other creditors 26,961 12,702
40,211 34,581