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Registered number: 09755401
Essex Associates Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Riverglade Accountancy Ltd
74 Yr Aran
Dunvant
Swansea
SA2 7PX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09755401
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 595 351
595 351
CURRENT ASSETS
Debtors 5 37,125 34,547
Cash at bank and in hand 35,751 39,168
72,876 73,715
Creditors: Amounts Falling Due Within One Year 6 (42,427 ) (34,216 )
NET CURRENT ASSETS (LIABILITIES) 30,449 39,499
TOTAL ASSETS LESS CURRENT LIABILITIES 31,044 39,850
PROVISIONS FOR LIABILITIES
Deferred Taxation (179 ) (179 )
NET ASSETS 30,865 39,671
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account 30,855 39,661
SHAREHOLDERS' FUNDS 30,865 39,671
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M C Essex
Director
24/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Essex Associates Ltd Registered number 09755401 is a limited by shares company incorporated in England & Wales. The Registered Office is 23 Clevedon Road, Failand, Bristol, BS8 3UG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 512 888 1,400
Additions - 371 371
As at 31 March 2024 512 1,259 1,771
Depreciation
As at 1 April 2023 261 788 1,049
Provided during the period 63 64 127
As at 31 March 2024 324 852 1,176
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2024 188 407 595
As at 1 April 2023 251 100 351
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 16,759 15,438
Other debtors 20,366 19,109
37,125 34,547
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 33,297 22,843
Other taxes and social security 7,980 10,373
Other creditors 1,150 1,000
42,427 34,216
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
10 Ordinary Shares of £ 1.00 each 10 10
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Mark Essex 19,108 20,366 19,108 - 20,366
The above loan is unsecured, interest free and repayable on demand.
9. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 115,000 76,000
Page 4