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REGISTERED NUMBER: 00842618 (England and Wales)








Audited Financial Statements

for the Year Ended

31 July 2023

for

Easiflo Fabrications Limited

Easiflo Fabrications Limited (Registered number: 00842618)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Easiflo Fabrications Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: R Nicholls
Mrs K A Nicholls





SECRETARY: A J Malek





REGISTERED OFFICE: Unit G
Brockmoor Park Industrial Estate
Moor Street
Brierley Hill
West Midlands
DY5 3TG





REGISTERED NUMBER: 00842618 (England and Wales)





AUDITORS: Nicklin Audit Limited
Chartered Accountants
Statutory Auditors
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Easiflo Fabrications Limited (Registered number: 00842618)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,917 22,556

CURRENT ASSETS
Stocks 18,447 27,408
Debtors 5 237,154 265,737
Cash at bank and in hand 419,114 342,601
674,715 635,746
CREDITORS
Amounts falling due within one year 6 197,456 200,441
NET CURRENT ASSETS 477,259 435,305
TOTAL ASSETS LESS CURRENT
LIABILITIES

494,176

457,861

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 444,176 407,861
SHAREHOLDERS' FUNDS 494,176 457,861

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 Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by:





Mrs K A Nicholls - Director


Easiflo Fabrications Limited (Registered number: 00842618)

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

1. STATUTORY INFORMATION

Easiflo Fabrications 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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 8 (2022 - 9 ) .

Easiflo Fabrications Limited (Registered number: 00842618)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 131,540 3,261 68,823 203,624
DEPRECIATION
At 1 August 2022 110,228 2,017 68,823 181,068
Charge for year 5,328 311 - 5,639
At 31 July 2023 115,556 2,328 68,823 186,707
NET BOOK VALUE
At 31 July 2023 15,984 933 - 16,917
At 31 July 2022 21,312 1,244 - 22,556

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 69,924 247,064
Amounts owed by group undertakings 145,783 -
Other debtors 21,447 18,673
237,154 265,737

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 142,447 146,784
Amounts owed to group undertakings - 5,233
Taxation and social security 19,823 25,936
Other creditors 35,186 22,488
197,456 200,441

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Howell FCA (Senior Statutory Auditor)
for and on behalf of Nicklin Audit Limited

8. OTHER FINANCIAL COMMITMENTS

The total amount of commitments, guarantees and contingencies at the end of the year was £167,715 (2022: £271,191) representing guarantees given in respect of parent or fellow subsidiary undertakings.

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Easiflo Fabrications Limited (Registered number: 00842618)

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

10. ULTIMATE CONTROLLING PARTY

The parent undertaking of the smallest group within which the company belongs and for which group financial statements are prepared is Easiflo Investments Limited whose registered office is at the same address as that of the company.