1 July 2022 v2024.6.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP134786522022-07-012023-06-30134786522023-06-30134786522022-06-3013478652core:WithinOneYear2023-06-3013478652core:WithinOneYear2022-06-3013478652core:ShareCapital2023-06-3013478652core:ShareCapital2022-06-3013478652core:RetainedEarningsAccumulatedLosses2023-06-3013478652core:RetainedEarningsAccumulatedLosses2022-06-3013478652bus:Director12022-07-012023-06-3013478652bus:RegisteredOffice2022-07-012023-06-3013478652core:OfficeEquipment2022-07-012023-06-30134786522021-07-012022-06-3013478652core:PlantMachinery2023-06-3013478652core:PlantMachinery2022-07-0113478652core:PlantMachinery2022-07-012023-06-3013478652core:PlantMachinery2022-06-301347865212022-07-012023-06-3013478652countries:EnglandWales2022-07-012023-06-3013478652bus:AuditExemptWithAccountantsReport2022-07-012023-06-3013478652bus:PrivateLimitedCompanyLtd2022-07-012023-06-3013478652bus:SmallEntities2022-07-012023-06-3013478652bus:FullAccounts2022-07-012023-06-30
Company registration number:
13478652
Eastern & Lothian Limited
Unaudited Filleted Financial Statements for the year ended
30 June 2023
Eastern & Lothian Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Eastern & Lothian Limited
Year ended
30 June 2023
As described on the statement of financial position, the Board of Directors of
Eastern & Lothian Limited
are responsible for the preparation of the
financial statements
for the year ended
30 June 2023
, which comprise the income statement, statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Proud Goulbourn Accountants Limited
Office 16, Hamilton Davies House
117c Liverpool Road
Cadishead
Manchester
M44 5BG
United Kingdom
Date:
13 March 2024
Eastern & Lothian Limited
Statement of Financial Position
30 June 2023
20232022
Note££
Fixed assets    
Tangible assets 5
2,546
 
3,346
 
Current assets    
Stocks
930,246
 
917,750
 
Debtors 6
100
  -  
Cash at bank and in hand
162,620
 
10,052
 
1,092,966
 
927,802
 
Creditors: amounts falling due within one year 7
(1,134,810
)
(944,706
)
Net current liabilities
(41,844
)
(16,904
)
Total assets less current liabilities (39,298 ) (13,558 )
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(39,398
)
(13,658
)
Shareholders deficit
(39,298
)
(13,558
)
For the year ending
30 June 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
13 March 2024
, and are signed on behalf of the board by:
J Leeb
Director
Company registration number:
13478652
Eastern & Lothian Limited
Notes to the Financial Statements
Year ended
30 June 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Elsley Court
,
20-22 Great Titchfield Street
,
London
,
W1W 8BE
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

The financial accounts have been prepared on a going concern basis as the shareholders have confirmed they will continue to provide necessary funding in order for the company to maintain operations and meet liabilities in full for at least the next twelve months. On this basis, the directors are satisfied that the financial statements should be prepared on a going concern basis.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses .
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
20% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Work in Progess is measured at cost. Cost includes all costs of materials, professional fees re planning etc and any other costs directly attributable to the building.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2022:
2
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 July 2022
and
30 June 2023
3,994
 
Depreciation  
At
1 July 2022
648
 
Charge
800
 
At
30 June 2023
1,448
 
Carrying amount  
At
30 June 2023
2,546
 
At 30 June 2022
3,346
 

6 Debtors

20232022
££
Other debtors
100
  -  

7 Creditors: amounts falling due within one year

20232022
££
Other creditors
1,134,810
 
944,706