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REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

EREWASH COMMERCIALS LIMITED

EREWASH COMMERCIALS LIMITED (REGISTERED NUMBER: 01810346)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2023




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

EREWASH COMMERCIALS LIMITED

COMPANY INFORMATION
for the year ended 30 April 2023







DIRECTORS: A W Smith
P A Lawrence
A A Smith
Mrs C S Smith





SECRETARY: A W Smith





REGISTERED OFFICE: Fourways
Kirkby Lane
Pinxton
Nottinghamshire
NG16 6HW





REGISTERED NUMBER: 01810346 (England and Wales)





ACCOUNTANTS: Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN

EREWASH COMMERCIALS LIMITED (REGISTERED NUMBER: 01810346)

REPORT OF THE DIRECTORS
for the year ended 30 April 2023

The directors present their report with the financial statements of the company for the year ended 30 April 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of hauliers.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2022 to the date of this report.

A W Smith
P A Lawrence
A A Smith
Mrs C S Smith

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A W Smith - Director


21 November 2023

EREWASH COMMERCIALS LIMITED (REGISTERED NUMBER: 01810346)

BALANCE SHEET
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,077,125 1,173,335

CURRENT ASSETS
Stocks 29,618 16,950
Debtors 6 1,251,577 1,500,136
Cash at bank and in hand 173,704 124,942
1,454,899 1,642,028
CREDITORS
Amounts falling due within one year 7 1,152,863 1,096,150
NET CURRENT ASSETS 302,036 545,878
TOTAL ASSETS LESS CURRENT LIABILITIES 1,379,161 1,719,213

CREDITORS
Amounts falling due after more than one year 8 (242,393 ) (434,492 )

PROVISIONS FOR LIABILITIES 11 (242,675 ) (220,082 )
NET ASSETS 894,093 1,064,639

CAPITAL AND RESERVES
Called up share capital 500 500
Capital redemption reserve 600 600
Retained earnings 892,993 1,063,539
SHAREHOLDERS' FUNDS 894,093 1,064,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 21 November 2023 and were signed on its behalf by:



A W Smith - Director


EREWASH COMMERCIALS LIMITED (REGISTERED NUMBER: 01810346)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2023

1. STATUTORY INFORMATION

Erewash Commercials 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Sale of goods
Turnover from the sale of goods is recognised when;
- the significant risks and rewards of ownership of the goods has transferred to the buyer
- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold
- the amount of turnover can be measured reliably
- it is probable that the economic benefits associated with the transaction will flow to the company
- the costs incurred or to be incurred in respect of the transaction can be measured reliably

Rendering of services
Turnover from a contract to provide services is recognised in the period by reference to the stage of completion of the contract when all of the following conditions are satisfied;
- the amount of turnover can be measured reliably
- it is probable that the economic benefits associated with the services will flow to the company
- the stage of completion of the contract at the reporting date can be measured reliably
- the costs incurred and the costs to complete the contract can be measured reliably

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 10% on cost and 2% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33.3% 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.


EREWASH COMMERCIALS LIMITED (REGISTERED NUMBER: 01810346)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2023

3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 27 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022 152,884 2,181,033 2,333,917
Additions 17,500 138,180 155,680
Disposals - (82,800 ) (82,800 )
At 30 April 2023 170,384 2,236,413 2,406,797
DEPRECIATION
At 1 May 2022 45,838 1,114,744 1,160,582
Charge for year 4,438 230,666 235,104
Eliminated on disposal - (66,014 ) (66,014 )
At 30 April 2023 50,276 1,279,396 1,329,672
NET BOOK VALUE
At 30 April 2023 120,108 957,017 1,077,125
At 30 April 2022 107,046 1,066,289 1,173,335

EREWASH COMMERCIALS LIMITED (REGISTERED NUMBER: 01810346)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2022 1,775,507
Additions 95,133
Transfer to ownership (738,291 )
At 30 April 2023 1,132,349
DEPRECIATION
At 1 May 2022 840,746
Charge for year 148,289
Transfer to ownership (465,927 )
At 30 April 2023 523,108
NET BOOK VALUE
At 30 April 2023 609,241
At 30 April 2022 934,761

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 906,493 1,123,780
Amounts owed by associates 335,267 211,276
Directors' current accounts 3,038 156,491
Prepayments 6,779 8,589
1,251,577 1,500,136

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Hire purchase contracts (see note 9) 190,082 165,575
Trade creditors 841,954 830,240
Tax 27,443 (3 )
Social security and other taxes 15,148 17,479
VAT 64,231 70,285
Other creditors 2,086 612
Directors' current accounts 117 -
Accrued expenses 11,802 11,962
1,152,863 1,096,150

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Hire purchase contracts (see note 9) 242,393 434,492

EREWASH COMMERCIALS LIMITED (REGISTERED NUMBER: 01810346)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2023

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.4.23 30.4.22
£    £   
Gross obligations repayable:
Within one year 202,986 186,160
Between one and five years 253,206 456,398
456,192 642,558

Finance charges repayable:
Within one year 12,904 20,585
Between one and five years 10,813 21,906
23,717 42,491

Net obligations repayable:
Within one year 190,082 165,575
Between one and five years 242,393 434,492
432,475 600,067

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Hire purchase contracts 432,475 600,067

11. PROVISIONS FOR LIABILITIES
30.4.23 30.4.22
£    £   
Deferred tax 242,675 220,082

Deferred
tax
£   
Balance at 1 May 2022 220,082
Provided during year 22,593
Balance at 30 April 2023 242,675

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
EREWASH COMMERCIALS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Erewash Commercials Limited for the year ended 30 April 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Erewash Commercials Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Erewash Commercials Limited and state those matters that we have agreed to state to the Board of Directors of Erewash Commercials Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Erewash Commercials Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Erewash Commercials Limited. You consider that Erewash Commercials Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Erewash Commercials Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN


21 November 2023