Registered number
13124368
EARTHNUTZ LTD
Filleted Accounts
31 January 2024
EARTHNUTZ LTD
Registered number: 13124368
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 12,969 20,033
Current assets
Debtors 4 360 296
Cash at bank and in hand 633 3,449
993 3,745
Creditors: amounts falling due within one year 5 (52,685) (52,085)
Net current liabilities (51,692) (48,340)
Net liabilities (38,723) (28,307)
Capital and reserves
Called up share capital 1 1
Profit and loss account (38,724) (28,308)
Shareholder's funds (38,723) (28,307)
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 her 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.
Abigail Singh
Director
Approved by the board on 1 April 2024
EARTHNUTZ LTD
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 provision of services is recognised when invoiced.
Going concern
The company is reliant upon the continuing support of Mrs A. Singh who is the company's sole director and 100% shareholder. Mrs Singh has indicated that she intends to support the company on an ongoing basis. The going concern basis of accounting has therefore been adopted.
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 over 4 years
Fixtures, fittings, tools and equipment over 4 years
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.
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. 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 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 28,255
At 31 January 2024 28,255
Depreciation
At 1 February 2023 8,222
Charge for the year 7,064
At 31 January 2024 15,286
Net book value
At 31 January 2024 12,969
At 31 January 2023 20,033
4 Debtors 2024 2023
£ £
Trade debtors 161 196
Other debtors 199 100
360 296
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 300 243
Other creditors 52,385 51,842
52,685 52,085
6 Other information
EARTHNUTZ LTD is a private company limited by shares and incorporated in England. Its registered office is:
11 Craufurd Rise
Maidenhead
SL6 7LR
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