Registered number
09251916
European Community Advice Ltd
Amended Filleted Accounts
30 June 2023
European Community Advice Ltd
Registered number: 09251916
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,830 987
Current assets
Debtors 4 1,410 1,410
Cash at bank and in hand 15,940 24,499
17,350 25,909
Creditors: amounts falling due within one year 5 (4,125) (8,619)
Net current assets 13,225 17,290
Total assets less current liabilities 15,055 18,277
Creditors: amounts falling due after more than one year 6 (3,900) (6,722)
Provisions for liabilities (348) (188)
Net assets 10,807 11,367
Capital and reserves
Called up share capital 1 1
Profit and loss account 10,806 11,366
Shareholder's funds 10,807 11,367
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.
F Kostecki
Director
Approved by the board on 29 March 2024
European Community Advice Ltd
Notes to the Accounts
for the year ended 30 June 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).
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 rendering of services. 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:
All equipment over 3 or 4 years
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 5,225
Additions 1,817
At 30 June 2023 7,042
Depreciation
At 1 July 2022 4,238
Charge for the year 974
At 30 June 2023 5,212
Net book value
At 30 June 2023 1,830
At 30 June 2022 987
4 Debtors 2023 2022
£ £
Total 1,410 1,410
5 Creditors: amounts falling due within one year 2023 2022
£ £
Total 4,125 8,619
6 Creditors: amounts falling due after one year 2023 2022
£ £
Total 3,900 6,722
7 Other information
European Community Advice Ltd is a private company limited by shares and incorporated in England. Its registered office is:
117 Kirby Road
Leicester
LE3 6BE
European Community Advice Ltd 09251916 false 2022-07-01 2023-06-30 2023-06-30 VT Final Accounts October 2023 release 2 F Kostecki No description of principal activity 09251916 2021-07-01 2022-06-30 09251916 core:WithinOneYear 2022-06-30 09251916 core:AfterOneYear 2022-06-30 09251916 core:ShareCapital 2022-06-30 09251916 core:RetainedEarningsAccumulatedLosses 2022-06-30 09251916 2022-07-01 2023-06-30 09251916 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 09251916 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 09251916 bus:Director40 2022-07-01 2023-06-30 09251916 1 2022-07-01 2023-06-30 09251916 2 2022-07-01 2023-06-30 09251916 core:PlantMachinery 2022-07-01 2023-06-30 09251916 countries:England 2022-07-01 2023-06-30 09251916 bus:FRS102 2022-07-01 2023-06-30 09251916 bus:FullAccounts 2022-07-01 2023-06-30 09251916 2023-06-30 09251916 core:WithinOneYear 2023-06-30 09251916 core:AfterOneYear 2023-06-30 09251916 core:ShareCapital 2023-06-30 09251916 core:RetainedEarningsAccumulatedLosses 2023-06-30 09251916 core:PlantMachinery 2023-06-30 09251916 2022-06-30 09251916 core:PlantMachinery 2022-06-30 iso4217:GBP xbrli:pure