Company Registration No. 09119327 (England and Wales)
ESPSG Ltd
Unaudited accounts
for the year ended 31 July 2023
ESPSG Ltd
Unaudited accounts
Contents
ESPSG Ltd
Company Information
for the year ended 31 July 2023
Director
Barie Philip Hasib
Secretary
Barie Philip Hasib
Company Number
09119327 (England and Wales)
Registered Office
103 High Street
Waltham Cross
Hertfordshire
EN8 7AN
Accountants
Heartwood Accountants Limited
103 High Street
Waltham Cross
Herts
EN87AN
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of ESPSG Ltd for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
ESPSG Ltd for the year ended
31 July 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of ESPSG Ltd, as a body, in accordance with the terms of our engagement letter dated 29 May 2020. Our work has been undertaken solely to prepare for your approval the accounts of ESPSG Ltd and state those matters that we have agreed to state to the Board of Directors of ESPSG Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ESPSG Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ESPSG Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ESPSG Ltd. You consider that ESPSG Ltd 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 accounts of ESPSG Ltd. 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 accounts.
Heartwood Accountants Limited
Chartered Accountants
103 High Street
Waltham Cross
Herts
EN87AN
13 November 2023
ESPSG Ltd
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
69,115
537
Creditors: amounts falling due within one year
(15,337)
(2,009)
Net current assets
53,778
1,436
Total assets less current liabilities
53,779
1,437
Creditors: amounts falling due after more than one year
(40,016)
(46,600)
Net assets/(liabilities)
13,763
(45,163)
Called up share capital
1
1
Profit and loss account
13,762
(45,164)
Shareholders' funds
13,763
(45,163)
For the year ending 31 July 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 November 2023 and were signed on its behalf by
Barie Philip Hasib
Director
Company Registration No. 09119327
ESPSG Ltd
Notes to the Accounts
for the year ended 31 July 2023
ESPSG Ltd is a private company, limited by shares, registered in England and Wales, registration number 09119327. The registered office is 103 High Street, Waltham Cross, Hertfordshire, EN8 7AN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% straight line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2022
3,843
560
4,403
At 31 July 2023
3,843
560
4,403
At 1 August 2022
3,843
559
4,402
At 31 July 2023
3,843
559
4,402
Amounts falling due after more than one year
ESPSG Ltd
Notes to the Accounts
for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,200
1,200
Taxes and social security
4,664
-
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
(5,775)
-
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Transactions with related parties
The company was under the control of B. Hasib throughout the current year. B. Hasib is personally interested in 100% of the company's issued share capital.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).