Silverfin true 30/04/2023 01/05/2022 30/04/2023 P Vicary 18/04/2006 04 April 2024 no description of principal activity 05782682 2023-04-30 05782682 bus:Director1 2023-04-30 05782682 2022-04-30 05782682 core:CurrentFinancialInstruments 2023-04-30 05782682 core:CurrentFinancialInstruments 2022-04-30 05782682 core:Non-currentFinancialInstruments 2023-04-30 05782682 core:Non-currentFinancialInstruments 2022-04-30 05782682 core:ShareCapital 2023-04-30 05782682 core:ShareCapital 2022-04-30 05782682 core:RetainedEarningsAccumulatedLosses 2023-04-30 05782682 core:RetainedEarningsAccumulatedLosses 2022-04-30 05782682 core:Goodwill 2022-04-30 05782682 core:Goodwill 2023-04-30 05782682 core:LandBuildings 2022-04-30 05782682 core:LeaseholdImprovements 2022-04-30 05782682 core:Vehicles 2022-04-30 05782682 core:FurnitureFittings 2022-04-30 05782682 core:ComputerEquipment 2022-04-30 05782682 core:LandBuildings 2023-04-30 05782682 core:LeaseholdImprovements 2023-04-30 05782682 core:Vehicles 2023-04-30 05782682 core:FurnitureFittings 2023-04-30 05782682 core:ComputerEquipment 2023-04-30 05782682 core:CurrentFinancialInstruments 9 2023-04-30 05782682 core:CurrentFinancialInstruments 9 2022-04-30 05782682 2022-05-01 2023-04-30 05782682 bus:FullAccounts 2022-05-01 2023-04-30 05782682 bus:SmallEntities 2022-05-01 2023-04-30 05782682 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 05782682 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 05782682 bus:Director1 2022-05-01 2023-04-30 05782682 core:Goodwill core:TopRangeValue 2022-05-01 2023-04-30 05782682 core:LandBuildings core:TopRangeValue 2022-05-01 2023-04-30 05782682 core:LeaseholdImprovements core:TopRangeValue 2022-05-01 2023-04-30 05782682 core:Vehicles 2022-05-01 2023-04-30 05782682 core:FurnitureFittings 2022-05-01 2023-04-30 05782682 core:ComputerEquipment core:TopRangeValue 2022-05-01 2023-04-30 05782682 2021-05-01 2022-04-30 05782682 core:LandBuildings 2022-05-01 2023-04-30 05782682 core:LeaseholdImprovements 2022-05-01 2023-04-30 05782682 core:ComputerEquipment 2022-05-01 2023-04-30 05782682 core:Non-currentFinancialInstruments 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company No: 05782682 (England and Wales)

EASY MOBILITY (EAST ANGLIAN) LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

EASY MOBILITY (EAST ANGLIAN) LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

EASY MOBILITY (EAST ANGLIAN) LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2023
EASY MOBILITY (EAST ANGLIAN) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 72,382 69,373
72,382 69,373
Current assets
Stocks 239,807 207,869
Debtors 5 358,334 478,929
Cash at bank and in hand ( 44,698) 59,053
553,443 745,851
Creditors: amounts falling due within one year 6 ( 346,833) ( 460,126)
Net current assets 206,610 285,725
Total assets less current liabilities 278,992 355,098
Creditors: amounts falling due after more than one year 7 ( 21,594) ( 30,653)
Net assets 257,398 324,445
Capital and reserves
Called-up share capital 100 100
Profit and loss account 257,298 324,345
Total shareholder's funds 257,398 324,445

Easy Mobility (East Anglian) Limited (registered number: 05782682) did not trade during the current financial year. There have been no movements in shareholders’ funds during the current financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The financial statements of Easy Mobility (East Anglian) Limited (registered number: 05782682) were approved and authorised for issue by the Director. They were signed on its behalf by:

P Vicary
Director

04 April 2024

EASY MOBILITY (EAST ANGLIAN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
EASY MOBILITY (EAST ANGLIAN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Easy Mobility (East Anglian) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 Claydon Business Park, Great Blakenham, Ipswich, IP6 0NL, United Kingdom. The principal place of business is 57 - 59 Jeffreys Road, Cressing, Braintree, CM77 8JQ.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 15 years straight line
Leasehold improvements 10 years straight line
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Income Statement over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 22 18

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 May 2022 39,800 39,800
At 30 April 2023 39,800 39,800
Accumulated amortisation
At 01 May 2022 39,800 39,800
At 30 April 2023 39,800 39,800
Net book value
At 30 April 2023 0 0
At 30 April 2022 0 0

4. Tangible assets

Land and buildings Leasehold improve-
ments
Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £ £
Cost
At 01 May 2022 65,035 20,464 0 21,460 8,712 115,671
Additions 0 4,295 8,559 0 0 12,854
At 30 April 2023 65,035 24,759 8,559 21,460 8,712 128,525
Accumulated depreciation
At 01 May 2022 18,780 4,436 0 17,231 5,851 46,298
Charge for the financial year 4,336 2,383 892 686 1,548 9,845
At 30 April 2023 23,116 6,819 892 17,917 7,399 56,143
Net book value
At 30 April 2023 41,919 17,940 7,667 3,543 1,313 72,382
At 30 April 2022 46,255 16,028 0 4,229 2,861 69,373

5. Debtors

2023 2022
£ £
Trade debtors 72,241 173,577
S455 39,752 39,752
Other debtors 246,341 265,600
358,334 478,929

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 9,973 10,644
Trade creditors 298,774 397,483
Taxation and social security 16,488 30,412
Other creditors 21,598 21,587
346,833 460,126

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 21,594 30,653

There are no amounts included above in respect of which any security has been given by the small entity.

8. Related party transactions

Transactions with the entity's director

The director had a loan during the year. The total amount drawn on the loan during the year was £50,608 and amounts repaid during the year end totalled £52,240. At the year end £191,027 was owed to the company (2022: £188,701). The maximum balance outstanding during the year was £226,374. Interest amounting to £3,957 (2022: £3,210) was charged during the year.