Company Registration No. 06823110 (England and Wales)
E & E Logging Limited
Unaudited accounts
for the year ended 28 February 2023
E & E Logging Limited
Unaudited accounts
Contents
E & E Logging Limited
Company Information
for the year ended 28 February 2023
Company Number
06823110 (England and Wales)
Registered Office
24 Halden Field
Rolvenden
Cranbrook
Kent
TN17 4BX
England
Accountants
Southern Accounting Limited
24 Halden Field
Rolvenden
Cranbrook
Kent
TN17 4BX
E & E Logging Limited
Statement of financial position
as at 28 February 2023
Tangible assets
25,017
18,021
Cash at bank and in hand
9,324
5,552
Creditors: amounts falling due within one year
(83,070)
(95,476)
Net current assets/(liabilities)
1,104
(291)
Total assets less current liabilities
26,121
17,730
Creditors: amounts falling due after more than one year
(8,391)
(11,908)
Provisions for liabilities
Deferred tax
(4,131)
(2,475)
Called up share capital
100
100
Profit and loss account
13,499
3,247
Shareholders' funds
13,599
3,347
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 February 2024 and were signed on its behalf by
Mr Z Elliott
Director
Company Registration No. 06823110
E & E Logging Limited
Notes to the Accounts
for the year ended 28 February 2023
E & E Logging Limited is a private company, limited by shares, registered in England and Wales, registration number 06823110. The registered office is 24 Halden Field, Rolvenden, Cranbrook, Kent, TN17 4BX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Value
Motor vehicles
25% Reducing Value
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
E & E Logging Limited
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
155,344
15,318
267
170,929
Additions
11,800
-
-
11,800
At 28 February 2023
167,144
15,318
267
182,729
At 1 March 2022
138,308
14,510
90
152,908
Charge for the year
4,558
202
44
4,804
At 28 February 2023
142,866
14,712
134
157,712
At 28 February 2023
24,278
606
133
25,017
At 28 February 2022
17,036
808
177
18,021
Amounts falling due within one year
Trade debtors
6,325
18,103
Other debtors
28,025
31,030
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,000
2,250
Trade creditors
7,134
29,046
Taxes and social security
27,469
23,565
Other creditors
5,500
7,535
7
Creditors: amounts falling due after more than one year
2023
2022
E & E Logging Limited
Notes to the Accounts
for the year ended 28 February 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Mr Z Elliott
21,547
-
3,004
18,543
As at the balance sheet the outstanding loan owed by Mr Z Elliott was £18,543 (2022: £21,547). This loan is included within Other Debtors.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).