Registered number
06486792
Ellesmere Port Engine Centre Limited
Unaudited Filleted Accounts
31 January 2024
Ellesmere Port Engine Centre Limited
Registered number: 06486792
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 555 1,452
Current assets
Stocks 1,350 1,350
Debtors 4 1,246 -
Cash at bank and in hand 10,323 26,277
12,919 27,627
Creditors: amounts falling due within one year 5 (130,436) (138,574)
Net current liabilities (117,517) (110,947)
Total assets less current liabilities (116,962) (109,495)
Creditors: amounts falling due after more than one year 6 (11,852) (14,074)
Net liabilities (128,814) (123,569)
Capital and reserves
Called up share capital 100 100
Profit and loss account (128,914) (123,669)
Shareholder's funds (128,814) (123,569)
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.
David Mealing
Director
Approved by the board on 11 March 2024
Ellesmere Port Engine Centre Limited
Notes to the Accounts
for the year ended 31 January 2024
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).
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 29,802 7,650 37,452
Disposals (4,781) (6,900) (11,681)
At 31 January 2024 25,021 750 25,771
Depreciation
At 1 February 2023 28,350 7,650 36,000
Charge for the year 897 - 897
On disposals (4,781) (6,900) (11,681)
At 31 January 2024 24,466 750 25,216
Net book value
At 31 January 2024 555 - 555
At 31 January 2023 1,452 - 1,452
4 Debtors 2024 2023
£ £
Trade debtors 1,246 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,222 2,222
Trade creditors 6,643 3,713
Taxation and social security costs 3,821 641
Other creditors 117,750 131,998
130,436 138,574
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,852 14,074
7 Pension commitments
Contributions to defined contribution plans are expensed in the period to which they relate.
8 Going Concern
The director continues to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future. The director is the company's largest creditor and he has indicated that this support will continue for the foreseeable future.
9 Controlling party
At the balance sheet date, Mr David Mealing is the controlling party by virtue of his shareholding and directorship.
10 Other information
Ellesmere Port Engine Centre Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 4c Indigo Business Park
Oil Sites Road
Ellesmere Port
Cheshire
CH65 4EY
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