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REGISTERED NUMBER: 08343968 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ETR LTD

ETR LTD (REGISTERED NUMBER: 08343968)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ETR LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr T A Smith
Ms H C Stacy





REGISTERED OFFICE: Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St Edmunds
Suffolk
IP31 2QY





REGISTERED NUMBER: 08343968 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

ETR LTD (REGISTERED NUMBER: 08343968)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,303 7,354
Tangible assets 5 801 34,246
7,104 41,600

CURRENT ASSETS
Stocks 6 6,870 19,567
Debtors 7 5,410 7,901
Cash at bank 452 1,030
12,732 28,498
CREDITORS
Amounts falling due within one year 8 214,384 212,997
NET CURRENT LIABILITIES (201,652 ) (184,499 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(194,548

)

(142,899

)

CREDITORS
Amounts falling due after more than one
year

9

-

23,429
NET LIABILITIES (194,548 ) (166,328 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (194,648 ) (166,428 )
SHAREHOLDERS' FUNDS (194,548 ) (166,328 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

ETR LTD (REGISTERED NUMBER: 08343968)

BALANCE SHEET - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:





Mr T A Smith - Director


ETR LTD (REGISTERED NUMBER: 08343968)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

ETR Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

ETR LTD (REGISTERED NUMBER: 08343968)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Trademarks
£   
COST
At 1 April 2023
and 31 March 2024 10,507
AMORTISATION
At 1 April 2023 3,153
Amortisation for year 1,051
At 31 March 2024 4,204
NET BOOK VALUE
At 31 March 2024 6,303
At 31 March 2023 7,354

5. TANGIBLE FIXED ASSETS
Motor Computer
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 894 44,468 2,231 47,593
Additions - - 172 172
Disposals - (44,468 ) - (44,468 )
At 31 March 2024 894 - 2,403 3,297
DEPRECIATION
At 1 April 2023 333 11,118 1,896 13,347
Charge for year 140 - 127 267
Eliminated on disposal - (11,118 ) - (11,118 )
At 31 March 2024 473 - 2,023 2,496
NET BOOK VALUE
At 31 March 2024 421 - 380 801
At 31 March 2023 561 33,350 335 34,246

6. STOCKS
2024 2023
£    £   
Stocks 6,870 19,567

ETR LTD (REGISTERED NUMBER: 08343968)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,191 1,445
VAT 2,500 -
Prepayments & accrued income 1,719 6,456
5,410 7,901

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 4,964
Trade creditors 2,785 899
Amounts owed to associates - 12,288
Social security and other taxes 239 909
Other creditors - 7,289
Directors' current account 209,760 184,398
Accrued expenses 1,600 2,250
214,384 212,997

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 23,429