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REGISTERED NUMBER: 00575125 (England and Wales)








Audited Financial Statements

for the Year Ended

31 July 2023

for

Easiflo Group Services Limited

Easiflo Group Services Limited (Registered number: 00575125)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Easiflo Group Services Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: A J Malek
Mrs K A Nicholls
Ms S P Roberts





SECRETARY: A J Malek





REGISTERED OFFICE: Unit G
Brockmoor Park Industrial Estate
Moor Street
Brierley Hill
West Midlands
DY5 3TG





REGISTERED NUMBER: 00575125 (England and Wales)





AUDITORS: Nicklin Audit Limited
Chartered Accountants
Statutory Auditors
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Easiflo Group Services Limited (Registered number: 00575125)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 853 1,137

CURRENT ASSETS
Debtors 5 52,941 53,497

CREDITORS
Amounts falling due within one year 6 27,252 29,786
NET CURRENT ASSETS 25,689 23,711
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,542

24,848

CAPITAL AND RESERVES
Called up share capital 2,500 2,500
Retained earnings 24,042 22,348
SHAREHOLDERS' FUNDS 26,542 24,848

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 28 February 2024 and were signed on its behalf by:





Mrs K A Nicholls - Director


Easiflo Group Services Limited (Registered number: 00575125)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Easiflo Group Services 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis on the grounds that the directors are confident that the company will continue to receive the support of its fellow group companies to be able to continue to trade and discharge its liabilities as they fall due.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Easiflo Group Services Limited (Registered number: 00575125)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2022
and 31 July 2023 3,815
DEPRECIATION
At 1 August 2022 2,678
Charge for year 284
At 31 July 2023 2,962
NET BOOK VALUE
At 31 July 2023 853
At 31 July 2022 1,137

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 51,875 52,416
Other debtors 1,066 1,081
52,941 53,497

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,235 24,942
Trade creditors 130 91
Taxation and social security 618 696
Other creditors 4,269 4,057
27,252 29,786

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Howell FCA (Senior Statutory Auditor)
for and on behalf of Nicklin Audit Limited

8. OTHER FINANCIAL COMMITMENTS

The total amount of commitments, guarantees and contingencies at the end of the year was £145,481 (2022: £246,249), representing guarantees given in respect of parent or fellow subsidiary undertakings.

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Easiflo Group Services Limited (Registered number: 00575125)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

10. ULTIMATE CONTROLLING PARTY

The parent undertaking of the smallest group within which the company belongs and for which group financial statements are prepared is Easiflo Investments Limited whose registered office is at the same address as that of the company.