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REGISTERED NUMBER: 02768288 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

East Anglian Installations Limited

East Anglian Installations Limited (Registered number: 02768288)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


East Anglian Installations Limited (Registered number: 02768288)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £ £
Fixed assets
Tangible assets 5 236,526 222,253
Investment property 6 1,996,087 1,936,860
2,232,613 2,159,113

Current assets
Stocks 527,070 797,621
Debtors 7 10,257,120 2,919,625
Cash at bank and in hand 2,548,799 8,717,580
13,332,989 12,434,826
Creditors
Amounts falling due within one year 8 (1,603,897 ) (1,684,562 )
Net current assets 11,729,092 10,750,264
Total assets less current liabilities 13,961,705 12,909,377

Provisions for liabilities (63,850 ) (45,700 )
Net assets 13,897,855 12,863,677

Capital and reserves
Called up share capital 100 100
Retained earnings 13,897,755 12,863,577
13,897,855 12,863,677

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

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

The directors acknowledge their 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 Installations Limited (Registered number: 02768288)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:





Mr N J Williamson - Director


East Anglian Installations Limited (Registered number: 02768288)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. Statutory information

East Anglian Installations Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02768288

Registered office: 22-26 King Street
King's Lynn
Norfolk
PE30 1HJ

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


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Long leasehold - Straight line over 18 years
Plant and machinery - 15% & 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. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

East Anglian Installations Limited (Registered number: 02768288)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


3. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 Installations Limited (Registered number: 02768288)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


3. 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.

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.

4. Employees and directors

The average number of employees during the year was 37 (2022 - 36 ) .

5. Tangible fixed assets
Long Plant and
leasehold machinery Totals
£ £ £
Cost
At 1 January 2023 134,993 1,372,773 1,507,766
Additions - 75,471 75,471
Disposals - (54,750 ) (54,750 )
At 31 December 2023 134,993 1,393,494 1,528,487
Depreciation
At 1 January 2023 130,594 1,154,919 1,285,513
Charge for year 4,399 45,669 50,068
Eliminated on disposal - (43,620 ) (43,620 )
At 31 December 2023 134,993 1,156,968 1,291,961
Net book value
At 31 December 2023 - 236,526 236,526
At 31 December 2022 4,399 217,854 222,253

East Anglian Installations Limited (Registered number: 02768288)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


6. Investment property
Total
£
Fair value
At 1 January 2023 1,936,860
Additions 59,227
At 31 December 2023 1,996,087
Net book value
At 31 December 2023 1,996,087
At 31 December 2022 1,936,860

Investment property is shown at fair value as per the accounting policies and the value is assessed each year at the balance sheet date by the directors. The directors opinion is that the fair value of the investment property is equal to the historical cost and therefore the fair value of the property is the same as the cost.

7. Debtors: amounts falling due within one year
31.12.23 31.12.22
£ £
Trade debtors 1,402,376 1,832,373
Other debtors 8,854,744 1,087,252
10,257,120 2,919,625

8. Creditors: amounts falling due within one year
31.12.23 31.12.22
£ £
Trade creditors 831,849 1,046,248
Taxation and social security 512,544 401,993
Other creditors 259,504 236,321
1,603,897 1,684,562

9. Directors' advances, credits and guarantees

During the year there were net transactions with the directors of £239,967 (2022: £266,326). As at the balance sheet date £24,005 (2022: £263,972) was owed to the company by the directors. The loan has not been subject to an interest charge and is repayable on demand. The loan was repaid in full after the year end.

10. Related party disclosures

The company has taken advantage of the exemption provided in FRS102 Section 1A from disclosing transactions with members of the group which are wholly owned.

East Anglian Installations Limited (Registered number: 02768288)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


11. Ultimate controlling party

The ultimate parent company is Westgate (Norfolk) Holdings Limited, a company registered in England and Wales.