Eynley Limited 06048545 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is the acquisition of properties, vehicles and plant for rent Digita Accounts Production Advanced 6.30.9574.0 true true 06048545 2023-02-01 2024-01-31 06048545 2024-01-31 06048545 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-01-31 06048545 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-01-31 06048545 core:CurrentFinancialInstruments 2024-01-31 06048545 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 06048545 core:Non-currentFinancialInstruments 2024-01-31 06048545 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 06048545 core:FurnitureFittingsToolsEquipment 2024-01-31 06048545 core:MotorVehicles 2024-01-31 06048545 core:OtherPropertyPlantEquipment 2024-01-31 06048545 bus:SmallEntities 2023-02-01 2024-01-31 06048545 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 06048545 bus:FullAccounts 2023-02-01 2024-01-31 06048545 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 06048545 bus:RegisteredOffice 2023-02-01 2024-01-31 06048545 bus:Director1 2023-02-01 2024-01-31 06048545 bus:Director3 2023-02-01 2024-01-31 06048545 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06048545 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 06048545 core:MotorVehicles 2023-02-01 2024-01-31 06048545 core:OfficeEquipment 2023-02-01 2024-01-31 06048545 core:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 06048545 core:PlantMachinery 2023-02-01 2024-01-31 06048545 core:OtherRelatedParties 2023-02-01 2024-01-31 06048545 countries:EnglandWales 2023-02-01 2024-01-31 06048545 2023-01-31 06048545 core:FurnitureFittingsToolsEquipment 2023-01-31 06048545 core:MotorVehicles 2023-01-31 06048545 core:OtherPropertyPlantEquipment 2023-01-31 06048545 2022-02-01 2023-01-31 06048545 2023-01-31 06048545 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-01-31 06048545 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-01-31 06048545 core:CurrentFinancialInstruments 2023-01-31 06048545 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 06048545 core:Non-currentFinancialInstruments 2023-01-31 06048545 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 06048545 core:FurnitureFittingsToolsEquipment 2023-01-31 06048545 core:MotorVehicles 2023-01-31 06048545 core:OtherPropertyPlantEquipment 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 06048545

Eynley Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Eynley Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Eynley Limited

Company Information

Directors

I C Brown

A L Reeve

Registered office

37 Market Square
Witney
Oxon
OX28 6RE

Accountants

ReesRussell LLP
Chartered Accountants
37 Market Square
Witney
Oxfordshire
OX28 6RE

 

Eynley Limited

(Registration number: 06048545)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

20,461

11,442

Investment property

5

311,500

311,500

 

331,961

322,942

Current assets

 

Debtors

3,823

-

Cash at bank and in hand

 

4,564

3,160

 

8,387

3,160

Creditors: Amounts falling due within one year

6

(46,666)

(51,487)

Net current liabilities

 

(38,279)

(48,327)

Total assets less current liabilities

 

293,682

274,615

Creditors: Amounts falling due after more than one year

6

(25,170)

(24,716)

Provisions for liabilities

(48)

(48)

Net assets

 

268,464

249,851

Capital and reserves

 

Called up share capital

200

200

Fair value reserve

23,046

23,046

Retained earnings

245,218

226,605

Shareholders' funds

 

268,464

249,851

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 April 2024 and signed on its behalf by:
 

 

Eynley Limited

(Registration number: 06048545)
Balance Sheet as at 31 January 2024

.........................................
I C Brown
Director

.........................................
A L Reeve
Director

 
     
 

Eynley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
37 Market Square
Witney
Oxon
OX28 6RE

The principal place of business is:
Unit 7 Glenmore Business Centre
Range Road
Witney
OX29 0AA

These financial statements were authorised for issue by the Board on 5 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Eynley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Other tangible assets

25% reducing balance

Motor vehicles

25% reducing balance

Furniture, fittings and equipment

25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Eynley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Eynley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2023

5,428

14,999

833

21,260

Additions

-

15,840

-

15,840

At 31 January 2024

5,428

30,839

833

37,100

Depreciation

At 1 February 2023

5,261

3,750

807

9,818

Charge for the year

42

6,772

7

6,821

At 31 January 2024

5,303

10,522

814

16,639

Carrying amount

At 31 January 2024

125

20,317

19

20,461

At 31 January 2023

167

11,249

26

11,442

5

Investment properties

2024
£

Fair Value At 1 February 2022

311,500

Fair Value At 31 January 2023

311,500

The properties were valued professionally on 17 March 2015. The directors believe the value is unchanged.

 

Eynley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

21,357

21,847

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

19,696

24,696

Taxation and social security

 

3,546

2,877

Accruals and deferred income

 

1,764

1,764

Other creditors

 

303

303

 

46,666

51,487

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

25,170

24,716

7

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

15,752

17,102

Hire purchase contracts

9,418

7,614

25,170

24,716

2024
£

2023
£

Current loans and borrowings

Bank borrowings

10,366

16,712

Hire purchase contracts

10,991

5,135

21,357

21,847

 

Eynley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

8

Related party transactions

Summary of transactions with other related parties

Haysham Limited
 Eynley received rent of £26,000 (2023 - £26,000) and management and accountancy fees totalling £18,000 (2023 - £18,000) from Haysham Limited. At the balance sheet date the amount due to Haysham Limited was £19,696 (2023 - £24,696).