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REGISTERED NUMBER: 02253927 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Earlsmere Limited

Earlsmere Limited (Registered number: 02253927)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


Earlsmere Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mr J White
Mr I G Loy
Mr J A Hoyle
Mrs S L Booth
Mr J W Bird





SECRETARY: Mr I G Loy





REGISTERED OFFICE: Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW





REGISTERED NUMBER: 02253927 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Earlsmere Limited (Registered number: 02253927)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 74,779 111,526
Tangible assets 6 398,983 425,918
473,762 537,444

CURRENT ASSETS
Stocks 134,530 112,827
Debtors 7 220,849 186,816
Cash at bank and in hand 68,911 83,695
424,290 383,338
CREDITORS
Amounts falling due within one year 8 269,270 184,499
NET CURRENT ASSETS 155,020 198,839
TOTAL ASSETS LESS CURRENT
LIABILITIES

628,782

736,283

CREDITORS
Amounts falling due after more than one
year

9

(36,812

)

(87,105

)

PROVISIONS FOR LIABILITIES 12 (16,080 ) (20,934 )
NET ASSETS 575,890 628,244

CAPITAL AND RESERVES
Called up share capital 13 10,000 10,000
Retained earnings 565,890 618,244
SHAREHOLDERS' FUNDS 575,890 628,244

Earlsmere Limited (Registered number: 02253927)

Balance Sheet - continued
31 May 2023


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 May 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.

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 26 January 2024 and were signed on its behalf by:





Mr J White - Director


Earlsmere Limited (Registered number: 02253927)

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

1. STATUTORY INFORMATION

Earlsmere 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 and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in compliance with FRS 102, 'The Financial Standard Applicable in the UK and the Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

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

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods falling within the company's ordinary activities.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of seven years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost straight line
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

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

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.

Earlsmere Limited (Registered number: 02253927)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

3. ACCOUNTING POLICIES - continued

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.

Research and development
Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same year unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period from which the company is expected to benefit.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 14 ) .

5. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 June 2022
and 31 May 2023 616,612
AMORTISATION
At 1 June 2022 505,086
Amortisation for year 36,747
At 31 May 2023 541,833
NET BOOK VALUE
At 31 May 2023 74,779
At 31 May 2022 111,526

Earlsmere Limited (Registered number: 02253927)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2022 393,038 353,449 218,303 111,284 1,076,074
Additions - - - 28,208 28,208
Disposals - - (7,306 ) (21,730 ) (29,036 )
At 31 May 2023 393,038 353,449 210,997 117,762 1,075,246
DEPRECIATION
At 1 June 2022 129,280 284,364 209,915 26,597 650,156
Charge for year 7,860 10,363 1,129 25,991 45,343
Eliminated on disposal - - (6,444 ) (12,792 ) (19,236 )
At 31 May 2023 137,140 294,727 204,600 39,796 676,263
NET BOOK VALUE
At 31 May 2023 255,898 58,722 6,397 77,966 398,983
At 31 May 2022 263,758 69,085 8,388 84,687 425,918

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 220,537 186,816
Other debtors 312 -
220,849 186,816

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 32,406 55,233
Hire purchase contracts (see note 10) 18,662 23,328
Trade creditors 142,445 73,414
Taxation and social security 39,607 16,046
Other creditors 36,150 16,478
269,270 184,499

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 27,361 60,315
Hire purchase contracts (see note 10) 9,451 26,790
36,812 87,105

Earlsmere Limited (Registered number: 02253927)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 18,662 23,328
Between one and five years 9,451 26,790
28,113 50,118

Non-cancellable operating leases
2023 2022
£    £   
Within one year 6,416 11,016

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 59,767 115,548
Hire purchase contracts 28,113 50,118
87,880 165,666

12. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 16,080 20,934

Deferred
tax
£   
Balance at 1 June 2022 20,934
Utilised during year (4,854 )
Balance at 31 May 2023 16,080

Earlsmere Limited (Registered number: 02253927)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
6,000 A Ordinary £1 6,000 6,500
1,500 B Ordinary £1 1,500 1,500
500 C Ordinary £1 500 500
1,000 D Ordinary £1 1,000 1,000
500 E Ordinary £1 500 500
500 F Ordinary £1 500 -
10,000 10,000

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
500 F Ordinary £1 500 -