Eira Environmental Ltd 08388092 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is development and construction of building projects Digita Accounts Production Advanced 6.30.9574.0 Software true true 08388092 2022-03-01 2023-02-28 08388092 2023-02-28 08388092 bus:OrdinaryShareClass1 2023-02-28 08388092 core:RetainedEarningsAccumulatedLosses 2023-02-28 08388092 core:ShareCapital 2023-02-28 08388092 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 08388092 core:PlantMachinery 2023-02-28 08388092 bus:SmallEntities 2022-03-01 2023-02-28 08388092 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 08388092 bus:FullAccounts 2022-03-01 2023-02-28 08388092 bus:RegisteredOffice 2022-03-01 2023-02-28 08388092 bus:Director1 2022-03-01 2023-02-28 08388092 bus:Director2 2022-03-01 2023-02-28 08388092 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 08388092 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 08388092 core:PlantMachinery 2022-03-01 2023-02-28 08388092 countries:AllCountries 2022-03-01 2023-02-28 08388092 2022-02-28 08388092 core:PlantMachinery 2022-02-28 08388092 2021-03-01 2022-02-28 08388092 2022-02-28 08388092 bus:OrdinaryShareClass1 2022-02-28 08388092 core:RetainedEarningsAccumulatedLosses 2022-02-28 08388092 core:ShareCapital 2022-02-28 08388092 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 08388092 core:PlantMachinery 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Filleted

Registration number: 08388092

Eira Environmental Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2023

 

Eira Environmental Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

Eira Environmental Ltd

Company Information

Directors

H Nuuttila

J Bohata

Registered office

6 Halkon Crescent
Narberth
SA67 7EB

 

Eira Environmental Ltd

(Registration number: 08388092)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

1,659

1,952

Current assets

 

Stocks

6

600

400

Cash at bank and in hand

 

10,060

16,140

 

10,660

16,540

Creditors: Amounts falling due within one year

7

(4,665)

(6,355)

Net current assets

 

5,995

10,185

Net assets

 

7,654

12,137

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

7,653

12,136

Total equity

 

7,654

12,137

For the financial year ending 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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 23 November 2023 and signed on its behalf by:
 

.........................................
H Nuuttila
Director

.........................................
J Bohata
Director

 
     
 

Eira Environmental Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
6 Halkon Crescent
Narberth
SA67 7EB

These financial statements were authorised for issue by the Board on 23 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Eira Environmental Ltd

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Eira Environmental Ltd

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

4

Loss/profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

293

345

 

Eira Environmental Ltd

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

5

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 March 2022

2,297

2,297

At 28 February 2023

2,297

2,297

Depreciation

At 1 March 2022

345

345

Charge for the year

293

293

At 28 February 2023

638

638

Carrying amount

At 28 February 2023

1,659

1,659

At 28 February 2022

1,952

1,952

6

Stocks

2023
£

2022
£

Other inventories

600

400

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Other related parties

 

3,879

2,007

Corporation tax liability

 

-

3,635

Other creditors

 

786

713

 

4,665

6,355

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1