Registered number
10484944
Eastern Counties Knotweed Ltd
Filleted Accounts
30 November 2023
Eastern Counties Knotweed Ltd
Registered number: 10484944
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 9,808 13,439
Current assets
Cash at bank and in hand 2,395 2,296
Creditors: amounts falling due within one year 4 (7,259) (4,312)
Net current liabilities (4,864) (2,016)
Total assets less current liabilities 4,944 11,423
Creditors: amounts falling due after more than one year 5 (4,506) (7,506)
Net assets 438 3,917
Capital and reserves
Called up share capital 2 2
Profit and loss account 436 3,915
Shareholders' funds 438 3,917
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Grahame
Director
Approved by the board on 19 August 2024
Eastern Counties Knotweed Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3-15 years
Fixtures, fittings, tools and equipment over 3-15 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against future taxable profits. Current tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 19,443 26,000 45,443
At 30 November 2023 19,443 26,000 45,443
Depreciation
At 1 December 2022 12,174 19,830 32,004
Charge for the year 2,089 1,542 3,631
At 30 November 2023 14,263 21,372 35,635
Net book value
At 30 November 2023 5,180 4,628 9,808
At 30 November 2022 7,269 6,170 13,439
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,547 2,923
Taxation and social security costs 3,303 -
Other creditors 1,409 1,389
7,259 4,312
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 4,506 7,506
6 Controlling party
The company is controlled by P Grahame, the director.
7 Other information
Eastern Counties Knotweed Ltd is a private company limited by shares and incorporated in England. Its registered office is:
First Floor, 12 St John's Way
St John's Business Estate
Downham Market
Norfolk
PE38 0QQ
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