Registered number
04347492
ESL (UK) Ltd
Filleted Accounts
31 March 2023
ESL (UK) Ltd
Registered number: 04347492
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 14,801 5,069
Cash at bank and in hand 1,869 2,460
16,670 7,529
Creditors: amounts falling due within one year 4 (51,946) (43,849)
Net current liabilities (35,276) (36,320)
Total assets less current liabilities (35,276) (36,320)
Creditors: amounts falling due after more than one year 5 (41,565) (41,565)
Net liabilities (76,841) (77,885)
Capital and reserves
Called up share capital 1 1
Profit and loss account (76,842) (77,886)
Shareholder's funds (76,841) (77,885)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S O'Callaghan
Director
Approved by the board on 6 March 2024
ESL (UK) Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The accounts have been prepared on a going concern basis which is dependent on the continuing support of the company's director and shareholder. The director has indicated his willingness to continue to provide this support for a period of at least one year from the date of signing these accounts.
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Trade debtors 14,801 5,069
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 431
Trade creditors 9,747 14,813
Taxation and social security costs 19,144 16,279
Other creditors 23,055 12,326
51,946 43,849
5 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 41,565 41,565
6 Other information
ESL (UK) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Merton Park Parade
Kingston Road
London
SW19 3NT
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