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REGISTERED NUMBER: 09293007 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2021 TO 31 MARCH 2023

FOR

ETS CONSTRUCTION SERVICES LIMITED

ETS CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 09293007)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2021 TO 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ETS CONSTRUCTION SERVICES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 DECEMBER 2021 TO 31 MARCH 2023







DIRECTOR: P J Eady





REGISTERED OFFICE: 31 High Street
Haverhill
Suffolk
CB9 8AD





REGISTERED NUMBER: 09293007 (England and Wales)





ACCOUNTANTS: Hackett Griffey LLP
Chartered Certified Accountants
31 High Street
Haverhill
Suffolk
CB9 8AD

ETS CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 09293007)

BALANCE SHEET
31 MARCH 2023

2023 2021
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,014,238 4,414,238

CURRENT ASSETS
Debtors 5 358,948 9,912
Cash at bank 345,881 226,612
704,829 236,524
CREDITORS
Amounts falling due within one year 6 862,573 858,699
NET CURRENT LIABILITIES (157,744 ) (622,175 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,856,494

3,792,063

CREDITORS
Amounts falling due after more than one
year

7

(1,830,687

)

(2,829,919

)

PROVISIONS FOR LIABILITIES (113,031 ) (185,880 )
NET ASSETS 912,776 776,264

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 9 339,094 792,437
Retained earnings 573,482 (16,373 )
SHAREHOLDERS' FUNDS 912,776 776,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ETS CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 09293007)

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 director and authorised for issue on 14 November 2023 and were signed by:





P J Eady - Director


ETS CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 09293007)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2021 TO 31 MARCH 2023

1. STATUTORY INFORMATION

ETS Construction Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of VAT.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred taxation is provided on fair value gains at the rate expected to apply when the property is sold.

Taxation
Taxation for the period 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 period 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.

Change of reporting period
The reporting period has been extended to 31 March 2023 to align with the tax year. The comparative amounts presented in the financial statements (including the related notes) are therefore not entirely comparable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2021 - NIL).

ETS CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 09293007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2021 TO 31 MARCH 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2021 4,414,238
Disposals (1,400,000 )
At 31 March 2023 3,014,238
NET BOOK VALUE
At 31 March 2023 3,014,238
At 30 November 2021 4,414,238

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2017 427,057
Valuation in 2018 25,068
Cost 2,562,113
3,014,238

Fair value of investment property has been measured by the director on an open market basis based on valuations undertaken by the company's lenders and assumes vacant possession.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Other debtors 358,948 9,912

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Trade creditors - 4,410
Taxation and social security 131,547 1,846
Other creditors 731,026 852,443
862,573 858,699

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2021
£    £   
Bank loans 1,830,687 2,829,919

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loan 1,830,687 2,829,919

ETS CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 09293007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2021 TO 31 MARCH 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2021
£    £   
Bank loans 1,830,687 2,829,919

Bank borrowings are secured by fixed and floating charges over the company's assets.

9. RESERVES
Fair
value
reserve
£   
At 1 December 2021 792,437
Fair value movements (453,343 )

At 31 March 2023 339,094