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Registered number: 07043860
ES Facilities Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
FB Accountancy Services Limited
Chartered Certified Accountants
Unit 16, Heronsgate Trading Estate
Paycocke Road
Basildon
Essex
SS14 3EU
Unaudited Financial Statements
Contents
Page
Accountant's Report 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of ES Facilities Limited For The Year Ended 31 October 2023
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of ES Facilities Limited which comprise the Income Statement, the Statement of Financial Position and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of ES Facilities Limited , as a body, in accordance with the terms of our engagement letter dated 13 April 2021. Our work has been undertaken solely to prepare for your approval the accounts of ES Facilities Limited and state those matters that we have agreed to state to the director of ES Facilities Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ES Facilities Limited and its director as a body for our work or for this report.
It is your duty to ensure that ES Facilities Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of ES Facilities Limited . You consider that ES Facilities Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ES Facilities Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
04/04/2024
FB Accountancy Services Limited
Chartered Certified Accountants
Unit 16, Heronsgate Trading Estate
Paycocke Road
Basildon
Essex
SS14 3EU
Page 1
Page 2
Statement of Financial Position
Registered number: 07043860
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 47,552 33,864
Investment Properties 5 949,000 949,000
996,552 982,864
CURRENT ASSETS
Debtors 6 545,402 146,689
Cash at bank and in hand 521,096 958,042
1,066,498 1,104,731
Creditors: Amounts Falling Due Within One Year 7 (499,174 ) (510,696 )
NET CURRENT ASSETS (LIABILITIES) 567,324 594,035
TOTAL ASSETS LESS CURRENT LIABILITIES 1,563,876 1,576,899
Creditors: Amounts Falling Due After More Than One Year 8 (219,868 ) (229,868 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (95,115 ) (92,383 )
NET ASSETS 1,248,893 1,254,648
CAPITAL AND RESERVES
Called up share capital 10 1 1
Fair Value Reserve 11 491,557 491,557
Income Statement 757,335 763,090
SHAREHOLDERS' FUNDS 1,248,893 1,254,648
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Page 3
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Terence Clifford
Director
04/04/2024
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
ES Facilities Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07043860 . The registered office is 16 Heronsgate Trading Estate, Paycocke Road, Basildon, Essex, SS14 3EU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Straight Line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 2)
3 2
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2022 60,725 7,835 68,560
Additions 47,361 1,291 48,652
Disposals (60,725 ) - (60,725 )
As at 31 October 2023 47,361 9,126 56,487
Depreciation
As at 1 November 2022 27,279 7,417 34,696
Provided during the period 987 531 1,518
Disposals (27,279 ) - (27,279 )
As at 31 October 2023 987 7,948 8,935
Net Book Value
As at 31 October 2023 46,374 1,178 47,552
As at 1 November 2022 33,446 418 33,864
5. Investment Property
2023
£
Fair Value
As at 1 November 2022 and 31 October 2023 949,000
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 545,402 146,305
VAT - 384
545,402 146,689
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Other creditors 489,174 500,696
499,174 510,696
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 219,868 229,868
219,868 229,868
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9. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured by way of fixed charge and negative pledge over the property concerned.
2023 2022
£ £
Bank loans and overdrafts 204,035 204,035
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
11. Reserves
Fair Value Reserve
£
As at 1 November 2022 491,557
As at 31 October 2023 491,557
12. Related Party Transactions
Empire Assets LtdA company in which the director Mr T Clifford, holds an interest.Included in other debtors is a loan to the value of £30,000 which is interest free and repayable on demand.

Empire Assets Ltd

A company in which the director Mr T Clifford, holds an interest.

Included in other debtors is a loan to the value of £30,000 which is interest free and repayable on demand.

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