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REGISTERED NUMBER: 02176214 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

East Anglian Trailers Limited

East Anglian Trailers Limited (Registered number: 02176214)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


East Anglian Trailers Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: B J Whiting





SECRETARY: S Whiting





REGISTERED OFFICE: Homefields
Clacton Road
Elmstead Market
Colchester
Essex
CO7 7DD





REGISTERED NUMBER: 02176214 (England and Wales)





ACCOUNTANTS: JTF
Chartered Certified Accountants
Electra House
1A Gilberd Road
Colchester
Essex
CO2 7LR

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
East Anglian Trailers Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of East Anglian Trailers Limited for the year ended 30 September 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm 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/rulebook.

This report is made solely to the director of East Anglian Trailers Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of East Anglian Trailers Limited and state those matters that we have agreed to state to the director of East Anglian Trailers Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that East Anglian Trailers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of East Anglian Trailers Limited. You consider that East Anglian Trailers 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 financial statements of East Anglian Trailers 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 statutory financial statements.






JTF
Chartered Certified Accountants
Electra House
1A Gilberd Road
Colchester
Essex
CO2 7LR


18 July 2024

East Anglian Trailers Limited (Registered number: 02176214)

Balance Sheet
30 September 2023

30.9.23 30.9.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 960
Tangible assets 5 765,877 775,773
Investment property 6 850,000 850,000
1,615,877 1,626,733

CURRENT ASSETS
Stocks 275,900 320,800
Debtors 7 210,751 229,623
486,651 550,423
CREDITORS
Amounts falling due within one year 8 902,568 924,582
NET CURRENT LIABILITIES (415,917 ) (374,159 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,199,960

1,252,574

CREDITORS
Amounts falling due after more than one
year

9

-

(27,456

)

PROVISIONS FOR LIABILITIES (227,914 ) (228,462 )
NET ASSETS 972,046 996,656

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 535,115 535,115
Retained earnings 436,831 461,441
972,046 996,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

East Anglian Trailers Limited (Registered number: 02176214)

Balance Sheet - continued
30 September 2023


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

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 17 July 2024 and were signed by:





B J Whiting - Director


East Anglian Trailers Limited (Registered number: 02176214)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

East Anglian Trailers 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Equipment - 25% on reducing balance
Solar energy generating equipment - 4% on cost
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


East Anglian Trailers Limited (Registered number: 02176214)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2022 960
Disposals (960 )
At 30 September 2023 -
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 960

East Anglian Trailers Limited (Registered number: 02176214)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022 647,831 293,085 940,916
Additions - 34,580 34,580
Disposals (7,166 ) - (7,166 )
At 30 September 2023 640,665 327,665 968,330
DEPRECIATION
At 1 October 2022 6,131 159,012 165,143
Charge for year 662 36,648 37,310
At 30 September 2023 6,793 195,660 202,453
NET BOOK VALUE
At 30 September 2023 633,872 132,005 765,877
At 30 September 2022 641,700 134,073 775,773

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 850,000
NET BOOK VALUE
At 30 September 2023 850,000
At 30 September 2022 850,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
as restated
£    £   
Trade debtors 6,964 -
Amounts owed by group undertakings 192,342 228,275
Other debtors 11,445 1,348
210,751 229,623

East Anglian Trailers Limited (Registered number: 02176214)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
as restated
£    £   
Bank loans and overdrafts 111,096 92,158
Trade creditors 41,892 40,981
Amounts owed to group undertakings 463,659 478,659
Taxation and social security - 26,874
Other creditors 285,921 285,910
902,568 924,582

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
as restated
£    £   
Bank loans - 27,456

10. RESERVES
Fair
value
reserve
£   
At 1 October 2022
and 30 September 2023 535,115

11. RELATED PARTY DISCLOSURES

During the year the company made payments on behalf of Whiting Auto Recycling Limited totalling £14,505 (2022: £21,477) and were charged management fees by that company in the sum of £438 (2022: 630).

The total owed by Whiting Auto Recycling Limited at 30 September 2023 was in the sum of £192,342 (2022: £228,275). The balance is interest-free and repayable on demand.

The company has an inter-company account with John Whiting Limited. At the balance sheet date, the amount owed to John Whiting Limited was in the sum of £463,659 (2022: £478,659). The balance is interest-free and repayable on demand.

The director is also a director of the above companies.

In addition to the above, the company has been provided with an interest-free loan, repayable on demand by the director. The balance outstanding at 30 September 2023 was in the sum of £268,190 (2022: 268,190).