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REGISTERED NUMBER: 05166113 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

ENTRANCE TECHNOLOGY SERVICES LIMITED

ENTRANCE TECHNOLOGY SERVICES LIMITED (REGISTERED NUMBER: 05166113)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ENTRANCE TECHNOLOGY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mr A R Bate





SECRETARY: Mrs S Bate





REGISTERED OFFICE: Unit 34-35 Tatton Court
Kingsland Grange
Woolston
Warrington
Cheshire
WA1 4FF





REGISTERED NUMBER: 05166113 (England and Wales)





ACCOUNTANTS: Livesey Spottiswood Ltd
Chartered Accountants
17 George Street
St Helens
Merseyside
WA10 1DB

ENTRANCE TECHNOLOGY SERVICES LIMITED (REGISTERED NUMBER: 05166113)

ABRIDGED BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 734,957 950,154
734,957 950,154

CURRENT ASSETS
Stocks 620,000 501,567
Debtors 316,185 261,309
Cash at bank and in hand 396,316 284,527
1,332,501 1,047,403
CREDITORS
Amounts falling due within one year (597,781 ) (575,742 )
NET CURRENT ASSETS 734,720 471,661
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,469,677

1,421,815

CREDITORS
Amounts falling due after more than one year (222,322 ) (400,550 )

PROVISIONS FOR LIABILITIES (182,350 ) (180,500 )
NET ASSETS 1,065,005 840,765

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,064,905 840,665
SHAREHOLDERS' FUNDS 1,065,005 840,765

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ENTRANCE TECHNOLOGY SERVICES LIMITED (REGISTERED NUMBER: 05166113)

ABRIDGED BALANCE SHEET - continued
31 JULY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 February 2024 and were signed by:





Mr A R Bate - Director


ENTRANCE TECHNOLOGY SERVICES LIMITED (REGISTERED NUMBER: 05166113)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Entrance Technology 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. The transition to FRS102 has not affected the reported financial position and performance of the company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Goodwill
Goodwill is amortised evenly over its estimated useful life.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Improvements to property-10% on cost
Plant and machinery-15% on cost
Fixtures and fittings-15% on cost
Motor vehicles-25% on cost
Computer software-Straight line over 3 years


Assets are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.


ENTRANCE TECHNOLOGY SERVICES LIMITED (REGISTERED NUMBER: 05166113)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


2. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences.

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.

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022
and 31 July 2023 60,000
AMORTISATION
At 1 August 2022
and 31 July 2023 60,000
NET BOOK VALUE

At 31 July 2023 -
At 31 July 2022 -

ENTRANCE TECHNOLOGY SERVICES LIMITED (REGISTERED NUMBER: 05166113)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 1,916,394
Additions 33,850
At 31 July 2023 1,950,244
DEPRECIATION
At 1 August 2022 966,240
Charge for year 249,047
At 31 July 2023 1,215,287
NET BOOK VALUE
At 31 July 2023 734,957
At 31 July 2022 950,154


6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 13,409 13,409
Between one and five years - 12,136
13,409 25,545

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 389,539 598,351

The hire purchase contracts are secured against the assets to which they relate.