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REGISTERED NUMBER: 08557015 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

EAGLE DESIGN & BUILD LTD

EAGLE DESIGN & BUILD LTD (REGISTERED NUMBER: 08557015)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EAGLE DESIGN & BUILD LTD

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTOR: Mr F Vulajis





REGISTERED OFFICE: Unit 8 The Enterprise Centre
St. Albans
Hertfordshire
AL3 6EN





REGISTERED NUMBER: 08557015 (England and Wales)





ACCOUNTANTS: Kings Chartered Accountants
4 Grovelands
Boundary Way
Hemel Hempstead
Hertfordshire
HP2 7TE

EAGLE DESIGN & BUILD LTD (REGISTERED NUMBER: 08557015)

BALANCE SHEET
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 87,058 102,716

CURRENT ASSETS
Stocks 5 135,000 120,000
Debtors 6 395,568 419,628
Cash in hand 1 1
530,569 539,629
CREDITORS
Amounts falling due within one year 7 439,735 504,950
NET CURRENT ASSETS 90,834 34,679
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,892

137,395

CREDITORS
Amounts falling due after more than one
year

8

(155,642

)

(264,240

)

PROVISIONS FOR LIABILITIES 12 (21,648 ) (19,517 )
NET ASSETS/(LIABILITIES) 602 (146,362 )

CAPITAL AND RESERVES
Called up share capital 13 1 1
Retained earnings 601 (146,363 )
SHAREHOLDERS' FUNDS 602 (146,362 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

EAGLE DESIGN & BUILD LTD (REGISTERED NUMBER: 08557015)

BALANCE SHEET - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 March 2024 and were signed by:





Mr F Vulajis - Director


EAGLE DESIGN & BUILD LTD (REGISTERED NUMBER: 08557015)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Eagle Design & Build Ltd 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.

The accounts have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on sufficient and continuing financial support being made available by the company's director, the shareholders and the creditors. If the company were unable to continue to trade adjustments would have to be made to reduce the value of assets to their realisable amount, to reclassify fixed assets as current assets, long-term liabilities as current liabilities, and to provide for any further liabilities that may arise.

Turnover
Turnover is measured at the fair value of the consideration received or receivable rebates and value added taxes. Turnover includes revenue earned from the sale of goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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

EAGLE DESIGN & BUILD LTD (REGISTERED NUMBER: 08557015)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

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.

EAGLE DESIGN & BUILD LTD (REGISTERED NUMBER: 08557015)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 - 165,082 - 165,082
Additions 1,322 - 2,871 4,193
At 30 June 2023 1,322 165,082 2,871 169,275
DEPRECIATION
At 1 July 2022 - 62,366 - 62,366
Charge for year 126 19,616 109 19,851
At 30 June 2023 126 81,982 109 82,217
NET BOOK VALUE
At 30 June 2023 1,196 83,100 2,762 87,058
At 30 June 2022 - 102,716 - 102,716

EAGLE DESIGN & BUILD LTD (REGISTERED NUMBER: 08557015)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022
and 30 June 2023 96,373
DEPRECIATION
At 1 July 2022 41,310
Charge for year 10,219
At 30 June 2023 51,529
NET BOOK VALUE
At 30 June 2023 44,844
At 30 June 2022 55,063

5. STOCKS
30.6.23 30.6.22
£    £   
Stocks 135,000 120,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 112,315 25,969
Other debtors 19,640 5,250
Value added tax 21,537 -
Prepayments and accrued income 242,076 388,409
395,568 419,628

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts (see note 9) 13,541 29,845
Other loans (see note 9) 24,784 13,784
Hire purchase contracts (see note 10) 28,711 10,749
Trade creditors 323,759 365,137
Taxation 3,829 -
Social security and other taxes 21,903 35,807
Value added tax - 12,647
Other creditors 207 257
Directors' current accounts 20,000 33,725
Accruals 3,001 2,999
439,735 504,950

EAGLE DESIGN & BUILD LTD (REGISTERED NUMBER: 08557015)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans (see note 9) 38,807 39,560
Other loans (see note 9) 2,050 42,050
Hire purchase contracts (see note 10) - 32,630
Directors' loan accounts 114,785 150,000
155,642 264,240

9. LOANS

An analysis of the maturity of loans is given below:

30.6.23 30.6.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 3,993 18,050
Bank loans 9,548 11,795
Other loans 24,784 13,784
38,325 43,629

Amounts falling due between one and two years:
Other loans - 1-2 years 2,050 12,050

Amounts falling due between two and five years:
Bank loans - 2-5 years 38,807 39,560
Other loans - 2-5 years - 30,000
38,807 69,560

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.6.23 30.6.22
£    £   
Net obligations repayable:
Within one year 28,711 10,749
Between one and five years - 32,630
28,711 43,379

EAGLE DESIGN & BUILD LTD (REGISTERED NUMBER: 08557015)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

11. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Other loans 26,834 55,834

The director has provided a personal guarantee against the amount owed included in the other loans.

12. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax
Accelerated capital allowances 21,648 19,517

Deferred
tax
£   
Balance at 1 July 2022 19,517
Charge to Statement of Income and Retained Earnings during year 2,131
Balance at 30 June 2023 21,648

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
1 Ordinary £1 1 1