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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
Page
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E & E Logging Limited Company Information for the year ended 28 February 2023
Director
Mr Z Elliott
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
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E & E Logging Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
25,017 
18,021 
Current assets
Inventories
40,500 
40,500 
Debtors
34,350 
49,133 
Cash at bank and in hand
9,324 
5,552 
84,174 
95,185 
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)
Net assets
13,599 
3,347 
Capital and reserves
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
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E & E Logging Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 taxation
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.
Financial instruments
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.
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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 
Depreciation
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 
Net book value
At 28 February 2023
24,278 
606 
133 
25,017 
At 28 February 2022
17,036 
808 
177 
18,021 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,325 
18,103 
Other debtors
28,025 
31,030 
34,350 
49,133 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,000 
2,250 
VAT
39,104 
32,577 
Trade creditors
7,134 
29,046 
Taxes and social security
27,469 
23,565 
Other creditors
5,500 
7,535 
Accruals
863 
503 
83,070 
95,476 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
8,391 
11,908 
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E & E Logging Limited Notes to the Accounts for the year ended 28 February 2023
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Z Elliott
Loan to Mr Z Elliott
21,547 
- 
3,004 
18,543 
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).
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