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Company Registration No. 11791339 (England and Wales)
Eastwood Gas Services Ltd Unaudited accounts for the year ended 31 January 2024
Eastwood Gas Services Ltd Unaudited accounts Contents
Page
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Eastwood Gas Services Ltd Company Information for the year ended 31 January 2024
Director
Darren Eastwood
Company Number
11791339 (England and Wales)
Registered Office
33 FINCHES WAY BURNHAM-ON-SEA TA8 2QQ UNITED KINGDOM
Accountants
Janes Accounting Services Limited 9 Church Hams Finchampstead Wokingham Berkshire RG40 4XF
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Eastwood Gas Services Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,137 
3,253 
Current assets
Debtors
4,198 
5,451 
Cash at bank and in hand
16,305 
1,094 
20,503 
6,545 
Creditors: amounts falling due within one year
(10,833)
(10,354)
Net current assets/(liabilities)
9,670 
(3,809)
Total assets less current liabilities
21,807 
(556)
Creditors: amounts falling due after more than one year
(15,970)
(11,343)
Provisions for liabilities
Deferred tax
(2,306)
(618)
Net assets/(liabilities)
3,531 
(12,517)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
3,530 
(12,518)
Shareholders' funds
3,531 
(12,517)
For the year ending 31 January 2024 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 director acknowledges his 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 and authorised for issue on 31 August 2024 and were signed on its behalf by
Darren Eastwood Director Company Registration No. 11791339
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Eastwood Gas Services Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Eastwood Gas Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 11791339. The registered office is 33 FINCHES WAY, BURNHAM-ON-SEA, TA8 2QQ, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Plant & machinery
3 years straight line
Motor vehicles
3 or 4 years straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
The director has considered the net liabilities position of the balance sheet and concluded that it is appropriate to prepare the accounts on a going concern basis. The director has given an undertaking to support the company until it returns to a net assets position.
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Eastwood Gas Services Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
2,043 
7,500 
9,543 
Additions
288 
23,200 
23,488 
Disposals
- 
(5,800)
(5,800)
At 31 January 2024
2,331 
24,900 
27,231 
Depreciation
At 1 February 2023
1,290 
5,000 
6,290 
Charge for the year
504 
8,300 
8,804 
At 31 January 2024
1,794 
13,300 
15,094 
Net book value
At 31 January 2024
537 
11,600 
12,137 
At 31 January 2023
753 
2,500 
3,253 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,628 
(122)
Accrued income and prepayments
960 
759 
Other debtors
1,610 
4,814 
4,198 
5,451 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,000 
5,324 
Obligations under finance leases and hire purchase contracts
3,098 
- 
Taxes and social security
- 
2,495 
Loans from directors
2,735 
2,535 
10,833 
10,354 
Included in Bank loans and overdrafts due within one year is £5,000 of a Covid Bounce Back Loan.
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,667 
11,343 
Obligations under finance leases and hire purchase contracts
9,303 
- 
15,970 
11,343 
Included in Bank loans due after one year is £6,667 of a Covid Bounce Back Loan. The total amount outstanding at the balance sheet date was £11,667.
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Eastwood Gas Services Ltd Notes to the Accounts for the year ended 31 January 2024
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 January 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
3,098 
- 
Later than one year and not later than five years
9,302 
- 
12,400 
- 
9
Loans to directors
Included in 'Other Debtors' in the prior year is an interest free advance to the company Director, payable on demand. The loan has been fully repaid within the current year.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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