1 November 2022 v2024.6.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP019587602022-11-012023-10-31019587602023-10-31019587602022-10-3101958760core:WithinOneYear2023-10-3101958760core:WithinOneYear2022-10-3101958760core:AfterOneYear2023-10-3101958760core:AfterOneYear2022-10-3101958760core:ShareCapital2023-10-3101958760core:ShareCapital2022-10-3101958760core:OtherReservesSubtotal2023-10-3101958760core:OtherReservesSubtotal2022-10-3101958760core:RetainedEarningsAccumulatedLosses2023-10-3101958760core:RetainedEarningsAccumulatedLosses2022-10-3101958760bus:Director12022-11-012023-10-3101958760bus:RegisteredOffice2022-11-012023-10-3101958760core:PlantMachinery2022-11-012023-10-3101958760core:MotorVehicles2022-11-012023-10-3101958760core:OfficeEquipment2022-11-012023-10-3101958760core:LandBuildings2022-11-012023-10-31019587602021-11-012022-10-3101958760core:LandBuildings2022-11-0101958760core:PlantMachinery2022-11-01019587602022-11-0101958760core:LandBuildings2023-10-3101958760core:PlantMachinery2023-10-3101958760core:LandBuildings2022-10-3101958760core:PlantMachinery2022-10-310195876012022-11-012023-10-3101958760countries:EnglandWales2022-11-012023-10-3101958760bus:AuditExemptWithAccountantsReport2022-11-012023-10-3101958760bus:PrivateLimitedCompanyLtd2022-11-012023-10-3101958760bus:SmallEntities2022-11-012023-10-3101958760bus:FullAccounts2022-11-012023-10-31
Company registration number:
01958760
East Coast Engineers (Grimsby) Limited
Unaudited Filleted Financial Statements for the year ended
31 October 2023
East Coast Engineers (Grimsby) Limited
Statement of Financial Position
31 October 2023
20232022
Note££
Fixed assets    
Tangible assets 5
101,131
 
90,438
 
Current assets    
Stocks
10,000
 
5,000
 
Debtors 6
255,301
 
148,264
 
Cash at bank and in hand
59,503
 
1,580
 
324,804
 
154,844
 
Creditors: amounts falling due within one year 7
(151,862
)
(111,350
)
Net current assets
172,942
 
43,494
 
Total assets less current liabilities 274,073   133,932  
Creditors: amounts falling due after more than one year 8
(27,574
)
(29,591
)
Provisions for liabilities
(11,444
)
(6,140
)
Net assets
235,055
 
98,201
 
Capital and reserves    
Called up share capital
668
 
668
 
Other reserves
1,334
 
1,334
 
Profit and loss account
233,053
 
96,199
 
Shareholders funds
235,055
 
98,201
 
For the year ending
31 October 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
20 March 2024
, and are signed on behalf of the board by:
P Dolby
Director
Company registration number:
01958760
East Coast Engineers (Grimsby) Limited
Notes to the Financial Statements
Year ended
31 October 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
Cooper Building
,
Lower Spring Street
,
Grimsby
,
N E Lincs
,
DN31 3JS
, 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, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
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:
Plant and machinery
15% Reducing balance
Motor vehicles
25% Reducing balance
Office equipment
15% Reducing balance
Land and buildings
Straight line over 30 years

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
9
(2022:
10
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 November 2022
83,036
 
253,305
 
336,341
 
Additions -  
22,440
 
22,440
 
Disposals -  
(4,600
)
(4,600
)
At
31 October 2023
83,036
 
271,145
 
354,181
 
Depreciation      
At
1 November 2022
24,912
 
220,991
 
245,903
 
Charge
2,768
 
6,392
 
9,160
 
Disposals -  
(2,013
)
(2,013
)
At
31 October 2023
27,680
 
225,370
 
253,050
 
Carrying amount      
At
31 October 2023
55,356
 
45,775
 
101,131
 
At 31 October 2022
58,124
 
32,314
 
90,438
 

6 Debtors

20232022
££
Trade debtors
120,801
 
118,264
 
Other debtors
134,500
 
30,000
 
255,301
 
148,264
 

7 Creditors: amounts falling due within one year

20232022
££
Bank loans and overdrafts
10,000
 
10,000
 
Trade creditors
56,659
 
57,006
 
Taxation and social security
72,308
 
28,689
 
Other creditors
12,895
 
15,655
 
151,862
 
111,350
 
The company has a bank overdraft with NatWest which is secured on the assets of the company.

8 Creditors: amounts falling due after more than one year

20232022
££
Bank loans and overdrafts
19,840
 
29,591
 
Other creditors
7,734
  -  
27,574
 
29,591