E & C Services (Hants) Limited 08591538 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is that of the letting of residential property. Digita Accounts Production Advanced 6.30.9574.0 true true 08591538 2022-06-01 2023-05-31 08591538 2023-05-31 08591538 bus:OrdinaryShareClass1 2023-05-31 08591538 core:RetainedEarningsAccumulatedLosses 2023-05-31 08591538 core:ShareCapital 2023-05-31 08591538 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2023-05-31 08591538 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 08591538 core:FurnitureFittings 2023-05-31 08591538 core:PlantMachinery 2023-05-31 08591538 bus:SmallEntities 2022-06-01 2023-05-31 08591538 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 08591538 bus:FullAccounts 2022-06-01 2023-05-31 08591538 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 08591538 bus:RegisteredOffice 2022-06-01 2023-05-31 08591538 bus:Director1 2022-06-01 2023-05-31 08591538 bus:Director2 2022-06-01 2023-05-31 08591538 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 08591538 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 08591538 core:FurnitureFittings 2022-06-01 2023-05-31 08591538 core:OfficeEquipment 2022-06-01 2023-05-31 08591538 core:PlantMachinery 2022-06-01 2023-05-31 08591538 countries:EnglandWales 2022-06-01 2023-05-31 08591538 2022-05-31 08591538 core:FurnitureFittings 2022-05-31 08591538 core:PlantMachinery 2022-05-31 08591538 2021-06-01 2022-05-31 08591538 2022-05-31 08591538 bus:OrdinaryShareClass1 2022-05-31 08591538 core:RetainedEarningsAccumulatedLosses 2022-05-31 08591538 core:ShareCapital 2022-05-31 08591538 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 08591538 core:FurnitureFittings 2022-05-31 08591538 core:PlantMachinery 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08591538

E & C Services (Hants) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2023

 

E & C Services (Hants) Limited

Contents

Company Information

1

Profit and Loss Account

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

E & C Services (Hants) Limited

Company Information

Directors

Mr E Shawyer

Mrs C L Shawyer

Registered office

12 Gudge Heath Lane
Fareham
Hampshire
PO15 5AA

Accountants

Durston Gibb
Chartered Accountants
1 Blatchington Road
Hove
East Sussex
BN3 3YP

 

E & C Services (Hants) Limited

Profit and Loss Account for the Year Ended 31 May 2023

Note

2023
£

2022
£

Turnover

 

45,900

45,106

Gross profit

 

45,900

45,106

Administrative expenses

 

(39,167)

(43,708)

Operating profit

 

6,733

1,398

Profit before tax

6,733

1,398

Profit for the financial year

 

6,733

1,398

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

E & C Services (Hants) Limited

(Registration number: 08591538)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

40,092

42,800

Investment property

5

712,559

712,559

Other financial assets

6

28,350

28,350

 

781,001

783,709

Current assets

 

Cash at bank and in hand

 

2,118

2,140

Creditors: Amounts falling due within one year

7

(658,812)

(664,609)

Net current liabilities

 

(656,694)

(662,469)

Net assets

 

124,307

121,240

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

124,207

121,140

Shareholders' funds

 

124,307

121,240

For the financial year ending 31 May 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 November 2023 and signed on its behalf by:
 

 

E & C Services (Hants) Limited

(Registration number: 08591538)
Balance Sheet as at 31 May 2023

.........................................
Mr E Shawyer
Director

.........................................
Mrs C L Shawyer
Director

 

E & C Services (Hants) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 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:
12 Gudge Heath Lane
Fareham
Hampshire
PO15 5AA

These financial statements were authorised for issue by the Board on 28 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 letting of property. The company recognises revenue when the rent becomes due.

Government grants

Government grants are recognised on an accrual basis in the period to which they relate.

Tax

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.

 

E & C Services (Hants) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 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 over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

5% straight line

Office equipment

25% straight line

Investment property

Investment property, which is property held to earn rentals or for capital appreciation is initially recognised at cost and subsequently carried at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade 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. 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.

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).

 

E & C Services (Hants) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 June 2022

1,896

64,314

66,210

Additions

649

-

649

At 31 May 2023

2,545

64,314

66,859

Depreciation

At 1 June 2022

1,554

21,856

23,410

Charge for the year

140

3,217

3,357

At 31 May 2023

1,694

25,073

26,767

Carrying amount

At 31 May 2023

851

39,241

40,092

At 31 May 2022

342

42,458

42,800

5

Investment properties

2023
£

At 1 June

712,559

At 31 May

712,559

The fair value of the investment properties have been arrived at on the basis of a valuation carried out at 31 May 2023 by the Directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

There has been no valuation of investment property by an independent valuer.

 

E & C Services (Hants) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

6

Other fixed asset investments

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 June 2022

28,350

28,350

At 31 May 2023

28,350

28,350

Impairment

Carrying amount

At 31 May 2023

28,350

28,350

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

-

359

Accruals and deferred income

1,440

1,410

Other creditors

657,372

662,840

658,812

664,609

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Share of £1 each

100

100

100

100

         
 

E & C Services (Hants) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

9

Dividends

   

2023

 

2022

   

£

 

£

Interim dividend of £36.66 (2022 - £40.00) per ordinary share

 

3,667

 

4,000