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
EGL Construction Limited
Statement of financial position
as at 31 October 2023
Tangible assets
56,291
11,179
Cash at bank and in hand
5,730
112
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)
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
EGL Construction Limited
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 October 2023
791
51,150
4,350
56,291
At 31 October 2022
1,054
4,325
5,800
11,179
EGL Construction Limited
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Trade debtors
11,500
27,892
Other debtors
47,288
47,860
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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
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
5,985
-
Loans from directors
83,926
-
8
Average number of employees
During the year the average number of employees was 12 (2022: 12).