11195899falsemanufacture and sale of fishing bait2022-03-012023-02-28http://www.companieshouse.gov.uk/2022-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2022-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2022-02-28http://www.companieshouse.gov.uk/cd:Director12022-03-012023-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2023-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2023-02-28http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-03-012023-02-28http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-02-28http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-03-012023-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22022-03-012023-02-28http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-03-012023-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-02-28http://www.companieshouse.gov.uk/2022-03-012023-02-28http://www.companieshouse.gov.uk/2022-02-28http://www.companieshouse.gov.uk/cd:FRS1022022-03-012023-02-28http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/cd:FullAccounts2022-03-012023-02-28http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-03-012023-02-28iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 11195899

ETANG BAITS LIMITED

ACCOUNTS
FOR THE YEAR ENDED 28/02/2023

Prepared By:
Wright Accountancy Services
64 Harbour Way
Harbour Way
St Leonards on Sea
East Sussex
TN38 8EU

ETANG BAITS LIMITED

ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
DIRECTORS
Miss M L Holden
SECRETARY
Miss M L Holden
REGISTERED OFFICE
21 Deans Walk
Ashford
Kent
TN23 5BL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11195899
ACCOUNTANTS
Wright Accountancy Services
64 Harbour Way
Harbour Way
St Leonards on Sea
East Sussex
TN38 8EU

ETANG BAITS LIMITED

ACCOUNTS
FOR THEYEARENDED28/02/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

ETANG BAITS LIMITED

BALANCE SHEET AT 28/02/2023
20232022
Notes££
FIXED ASSETS
Tangible assets25,7156,432
CURRENT ASSETS
Stock3,4603,750
Debtors44,8687,160
Cash at bank and in hand1,7841,371
10,11212,281
CREDITORS: Amounts falling due within one year51,084801
NET CURRENT ASSETS9,02811,480
TOTAL ASSETS LESS CURRENT LIABILITIES14,74317,912
CREDITORS: Amounts falling due after more than one year615,04917,320
PROVISIONS FOR LIABILITIES AND CHARGES81,0751,206
NET LIABILITIES(1,381)(614)
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account(1,481)(714)
SHAREHOLDERS' FUNDS(1,381)(614)
For the year ending 28/02/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 26/11/2023 and signed on their behalf by
.............................
Miss M L Holden
Director

ETANG BAITS LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 15%
Equipmentreducing balance 33%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

ETANG BAITS LIMITED

2. TANGIBLE FIXED ASSETS
Plant and
MachineryEquipmentTotal
£££
Cost
At 01/03/202210,48456511,049
Additions-456456
At 28/02/202310,4841,02111,505
Depreciation
At 01/03/20224,3912264,617
For the year1,0261471,173
At 28/02/20235,4173735,790
Net Book Amounts
At 28/02/20235,0676485,715
At 28/02/20226,0933396,432
3. STOCK 20232022
££
Stock comprises:
Stock3,4603,750
3,4603,750
4. DEBTORS 20232022
££
Amounts falling due within one year
Other debtors4,8687,160
4,8687,160
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Directors current account644361
Accruals440440
1,084801

ETANG BAITS LIMITED

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr15,04917,320
15,04917,320
7. EMPLOYEES
20232022
No.No.
Average number of employees11
Management and Administration
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation1,0751,206
1,0751,206
9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
50 Ordinary shares of £1 each5050
50 A Ordinary shares of £1 each 50 50
100100
10. CONTROLLING PARTY
The shareholders are the controlling interest.