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REGISTERED NUMBER: 01165100



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

ESSEX FIXINGS AND ABRASIVES SUPPLIES
LIMITED

ESSEX FIXINGS AND ABRASIVES SUPPLIES
LIMITED (REGISTERED NUMBER: 01165100)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ESSEX FIXINGS AND ABRASIVES SUPPLIES
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: G M Palmer





SECRETARY: C B Palmer





REGISTERED OFFICE: 12 Featherby Way
Purdeys Industrial Estate
Rochford
Essex
SS4 1LD





REGISTERED NUMBER: 01165100





ACCOUNTANTS: ESW Chartered Accountants
162-164 High Street
Rayleigh
Essex
SS6 7BS

ESSEX FIXINGS AND ABRASIVES SUPPLIES
LIMITED (REGISTERED NUMBER: 01165100)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,703 4,708

CURRENT ASSETS
Stocks 38,220 26,220
Debtors 5 88,349 106,298
Cash at bank 267,417 300,317
393,986 432,835
CREDITORS
Amounts falling due within one year 6 (181,265 ) (199,927 )
NET CURRENT ASSETS 212,721 232,908
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,424

237,616

PROVISIONS FOR LIABILITIES (704 ) (895 )
NET ASSETS 215,720 236,721

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 215,620 236,621
SHAREHOLDERS' FUNDS 215,720 236,721

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

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

The director acknowledges his 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.

ESSEX FIXINGS AND ABRASIVES SUPPLIES
LIMITED (REGISTERED NUMBER: 01165100)

BALANCE SHEET - continued
31ST 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19th August 2024 and were signed by:





G M Palmer - Director


ESSEX FIXINGS AND ABRASIVES SUPPLIES
LIMITED (REGISTERED NUMBER: 01165100)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Essex Fixings and Abrasives Supplies Limited is a private company, limited by shares , registered in Not specified/Other. 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
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 each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

ESSEX FIXINGS AND ABRASIVES SUPPLIES
LIMITED (REGISTERED NUMBER: 01165100)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023
and 31st December 2023 59,342
DEPRECIATION
At 1st January 2023 54,634
Charge for year 1,005
At 31st December 2023 55,639
NET BOOK VALUE
At 31st December 2023 3,703
At 31st December 2022 4,708

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 88,349 106,298

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 121,407 139,250
Taxation and social security 12,824 14,918
Other creditors 47,034 45,759
181,265 199,927

7. ULTIMATE CONTROLLING PARTY

The company is controlled by C B Palmer.