Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30102022-12-01falseDispensing chemist in specialised stores13truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07410091 2022-12-01 2023-11-30 07410091 2021-12-01 2022-11-30 07410091 2023-11-30 07410091 2022-11-30 07410091 2021-12-01 07410091 c:Director1 2022-12-01 2023-11-30 07410091 d:Buildings d:LongLeaseholdAssets 2022-12-01 2023-11-30 07410091 d:Buildings d:LongLeaseholdAssets 2023-11-30 07410091 d:Buildings d:LongLeaseholdAssets 2022-11-30 07410091 d:MotorVehicles 2022-12-01 2023-11-30 07410091 d:MotorVehicles 2023-11-30 07410091 d:MotorVehicles 2022-11-30 07410091 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 07410091 d:FurnitureFittings 2022-12-01 2023-11-30 07410091 d:FurnitureFittings 2023-11-30 07410091 d:FurnitureFittings 2022-11-30 07410091 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 07410091 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 07410091 d:CurrentFinancialInstruments 2023-11-30 07410091 d:CurrentFinancialInstruments 2022-11-30 07410091 d:Non-currentFinancialInstruments 2023-11-30 07410091 d:Non-currentFinancialInstruments 2022-11-30 07410091 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 07410091 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 07410091 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 07410091 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 07410091 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 07410091 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-11-30 07410091 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 07410091 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-11-30 07410091 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-11-30 07410091 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-11-30 07410091 d:ShareCapital 2023-11-30 07410091 d:ShareCapital 2022-11-30 07410091 d:RetainedEarningsAccumulatedLosses 2023-11-30 07410091 d:RetainedEarningsAccumulatedLosses 2022-11-30 07410091 c:FRS102 2022-12-01 2023-11-30 07410091 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 07410091 c:FullAccounts 2022-12-01 2023-11-30 07410091 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07410091 d:WithinOneYear 2023-11-30 07410091 d:WithinOneYear 2022-11-30 07410091 d:BetweenOneFiveYears 2023-11-30 07410091 d:BetweenOneFiveYears 2022-11-30 07410091 d:MoreThanFiveYears 2023-11-30 07410091 d:MoreThanFiveYears 2022-11-30 07410091 2 2022-12-01 2023-11-30 07410091 7 2022-12-01 2023-11-30 07410091 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 07410091 d:AcceleratedTaxDepreciationDeferredTax 2022-11-30 07410091 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure
Registered number: 07410091






EASTVILLE ENTERPRISES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










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EASTVILLE ENTERPRISES LIMITED
REGISTERED NUMBER:07410091

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
175,080
182,852

  
175,080
182,852

Current assets
  

Stocks
  
49,408
49,408

Debtors: amounts falling due within one year
 5 
238,813
202,295

Cash at bank and in hand
  
19,965
49,154

  
308,186
300,857

Creditors: amounts falling due within one year
 6 
(237,049)
(223,008)

Net current assets
  
 
 
71,137
 
 
77,849

Total assets less current liabilities
  
246,217
260,701

Creditors: amounts falling due after more than one year
 7 
(280,430)
(319,100)

Provisions for liabilities
  

Deferred tax
 9 
(6,562)
(5,809)

  
 
 
(6,562)
 
 
(5,809)

Net liabilities
  
(40,775)
(64,208)


Capital and reserves
  

Called up share capital 
  
150
150

Profit and loss account
  
(40,925)
(64,358)

  
(40,775)
(64,208)

Page 1

 
EASTVILLE ENTERPRISES LIMITED
REGISTERED NUMBER:07410091
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



Mr N Zahoor
Director

Date: 15 August 2024

Page 2

 
EASTVILLE ENTERPRISES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
1.2

Going concern

The financial statements have been prepared on a going concern basis, despite the net current liabilities, due to the continuing support of the directors.

 
1.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
EASTVILLE ENTERPRISES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.Accounting policies (continued)

 
1.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the statement of income and retained earnings in the same period as the related expenditure.

 
1.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
1.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
EASTVILLE ENTERPRISES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.Accounting policies (continued)

 
1.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
1.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
25 years straight line
Motor vehicles
-
25% Reducing balance
Fixtures and fittings
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
EASTVILLE ENTERPRISES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.Accounting policies (continued)

 
1.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
1.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.15

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

 
1.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
1.17

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are
Page 6

 
EASTVILLE ENTERPRISES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.Accounting policies (continued)


1.17
Financial instruments (continued)

initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 7

 
EASTVILLE ENTERPRISES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.


General information

Eastville Enterprises Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Millhouse, 32-38 East Street, Rochford, Essex, SS4 1DB.
The principal activity of the company continued to be that of dispensing chemists.


3.


Employees

The average monthly number of employees, including directors, during the year was 13 (2022 -10).


4.


Tangible fixed assets





Long-term leasehold property
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 December 2022
172,393
8,600
89,231
270,224


Additions
-
-
2,065
2,065



At 30 November 2023

172,393
8,600
91,296
272,289



Depreciation


At 1 December 2022
20,114
1,720
65,538
87,372


Charge for the year on owned assets
3,448
1,376
5,013
9,837



At 30 November 2023

23,562
3,096
70,551
97,209



Net book value



At 30 November 2023
148,831
5,504
20,745
175,080



At 30 November 2022
152,279
6,880
23,693
182,852

Page 8

 
EASTVILLE ENTERPRISES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
143,451
70,810

Other debtors
93,491
130,591

Prepayments and accrued income
1,871
894

238,813
202,295



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
38,672
37,573

Trade creditors
153,913
114,187

Other taxation and social security
13,792
33,662

Other creditors
30,095
36,766

Accruals and deferred income
577
820

237,049
223,008



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
280,430
319,100

280,430
319,100


The bank loan is secured by way of a first legal charge over the property and personal guarantees from directors, together with two legal charges over their personal residence. The bank also holds an unlimited debenture for the company.

Page 9

 
EASTVILLE ENTERPRISES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
38,672
37,573

Amounts falling due 1-2 years

Bank loans
39,145
38,672

Amounts falling due 2-5 years

Bank loans
104,285
109,547

Amounts falling due after more than 5 years

Bank loans
137,000
170,882

319,102
356,674



9.


Deferred taxation




2023
2022


£

£






At beginning of year
(5,809)
(5,627)


Charged to profit or loss
(753)
(182)



At end of year
(6,562)
(5,809)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
6,562
5,809

6,562
5,809


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,140 (2022 : £600). Contributions totalling £213 (2022 : £156) were payable to the fund at the balance sheet date and are included in creditors.

Page 10

 
EASTVILLE ENTERPRISES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

11.


Commitments under operating leases

At 30 November 2020 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
45,000
45,000

Later than 1 year and not later than 5 years
180,000
180,000

Later than 5 years
585,000
630,000

810,000
855,000


12.


Transactions with directors

Included within debtors is an interest free loan to a director. The balance on the loan at 30 November 2023 was £59,320 (2022 : £58,947). 


13.


Related party transactions

Included within creditors is an interest free loan for £8,433 (2022: £8,433) to a connected company by virtue of common control of one of the directors. 

 
Page 11