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Company Registration No. 11648792 (England and Wales)
EGL Construction Limited Unaudited accounts for the year ended 31 October 2023
EGL Construction Limited Unaudited accounts Contents
Page
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EGL Construction Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
56,291 
11,179 
Current assets
Inventories
39,000 
75,000 
Debtors
66,753 
75,752 
Cash at bank and in hand
5,730 
112 
111,483 
150,864 
Creditors: amounts falling due within one year
(74,795)
(121,186)
Net current assets
36,688 
29,678 
Total assets less current liabilities
92,979 
40,857 
Creditors: amounts falling due after more than one year
(103,998)
(132,673)
Net liabilities
(11,019)
(91,816)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(11,119)
(91,916)
Shareholders' funds
(11,019)
(91,816)
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 April 2024 and were signed on its behalf by
Thomas Salomone Director Company Registration No. 11648792
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EGL Construction Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
EGL Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 11648792. The registered office is Churchill House, 120 Bunns Lane, London, NW7 2AS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance basis
Computer equipment
25% reducing balance basis
Other tangible fixed assets
25% reducing balance basis
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
3,123 
13,667 
13,341 
30,131 
Additions
- 
63,875 
- 
63,875 
At 31 October 2023
3,123 
77,542 
13,341 
94,006 
Depreciation
At 1 November 2022
2,069 
9,342 
7,541 
18,952 
Charge for the year
263 
17,050 
1,450 
18,763 
At 31 October 2023
2,332 
26,392 
8,991 
37,715 
Net book value
At 31 October 2023
791 
51,150 
4,350 
56,291 
At 31 October 2022
1,054 
4,325 
5,800 
11,179 
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EGL Construction Limited Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
7,965 
- 
Trade debtors
11,500 
27,892 
Other debtors
47,288 
47,860 
66,753 
75,752 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,648 
28,967 
Obligations under finance leases and hire purchase contracts
15,970 
- 
Trade creditors
11,511 
24,341 
Taxes and social security
6,505 
49,147 
Other creditors
28,711 
14,851 
Loans from directors
- 
2,430 
Accruals
1,450 
1,450 
74,795 
121,186 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,087 
25,151 
Obligations under finance leases and hire purchase contracts
5,985 
- 
Other creditors
- 
107,522 
Loans from directors
83,926 
- 
103,998 
132,673 
8
Average number of employees
During the year the average number of employees was 12 (2022: 12).
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