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Registered Number: 05373841


 

 

 

EUROPEAN PILING CONSULTANTS LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
Directors HALCROW, Andrew Leonard
Andrew Leonard Halcrow
Registered Number 05373841
Registered Office 30 Brindles Close
Linford
Stanford Le Hope
Essex
SS17 0RS
Accountants Versa Tax Solutions Ltd
9 Corbets Tey Road
Upminster
RM14 2AP
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 29 February 2024.
Directors
The directors who served the company throughout the year were as follows:
HALCROW, Andrew Leonard
Andrew Leonard Halcrow
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
HALCROW, Andrew Leonard
Director

Date approved: 12 July 2024
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 29 February 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Versa Tax Solutions Ltd
29 February 2024



....................................................

Versa Tax Solutions Ltd

9 Corbets Tey Road
Upminster
RM14 2AP
12 July 2024
3
 
 
Notes
 
2024
£
  2023
£
Turnover 57,378    52,503 
Gross profit 57,378    52,503 
Administrative expenses (40,527)   (41,754)
Operating profit 16,851    10,749 
Interest payable and similar charges (1,072)   (904)
Profit/(Loss) on ordinary activities before taxation 15,779    9,845 
Tax on profit on ordinary activities (3,467)   (3,601)
Profit/(Loss) for the financial year 12,312    6,244 
 
4
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 9,000    9,000 
Investments 4 50,000    50,000 
59,000    59,000 
Current assets      
Debtors 5 4,759   
Cash at bank and in hand 963    8,351 
5,722    8,351 
Creditors: amount falling due within one year 6 (21,831)   (19,112)
Net current assets (16,109)   (10,761)
 
Total assets less current liabilities 42,891    48,239 
Creditors: amount falling due after more than one year 7 (32,085)   (37,245)
Net assets 10,806    10,994 
 

Capital and reserves
     
Called up share capital 8 1    1 
Profit and loss account 10,805    10,993 
Shareholders' funds 10,806    10,994 
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 12 July 2024 and were signed on its behalf by:


-------------------------------
HALCROW, Andrew Leonard
Director
5
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 March 2022 1  15,249  15,250 
Profit for the year 6,244  6,244 
Total comprehensive income for the year 6,244  6,244 
Dividends (10,500) (10,500)
Total investments by and distributions to owners (10,500) (10,500)
At 28 February 2023 1  10,993  10,994 
At 01 March 2023 1  10,993  10,994 
Profit for the year 12,312  12,312 
Total comprehensive income for the year 12,312  12,312 
Dividends (12,500) (12,500)
Total investments by and distributions to owners (12,500) (12,500)
At 29 February 2024 1  10,805  10,806 
6
General Information
European Piling Consultants Limited is a private company, limited by shares, registered in , registration number 05373841, registration address 30 Brindles Close, Linford, Stanford Le Hope, Essex, SS17 0RS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Investment 0% Straight Line
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 20% Straight Line
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Investment   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 March 2023 9,000    3,420    1,250    13,670 
Additions      
Disposals      
At 29 February 2024 9,000    3,420    1,250    13,670 
Depreciation
At 01 March 2023   3,420    1,250    4,670 
Charge for year      
On disposals      
At 29 February 2024   3,420    1,250    4,670 
Net book values
Closing balance as at 29 February 2024 9,000        9,000 
Opening balance as at 01 March 2023 9,000        9,000 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 March 2023 50,000    50,000 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 29 February 2024 50,000    50,000 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 4,759   
4,759   

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors   3,889 
Bank Loans & Overdrafts 6,210    6,210 
Corporation Tax 4,881    3,541 
PAYE & Social Security 308    343 
Accrued Expenses 4,950    4,950 
Other Creditors   (1)
Directors' Current Accounts 5,482    180 
21,831    19,112 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 32,085    37,245 
32,085    37,245 

8.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

9.

Director’s loan

Director Current Account

At the year end, the company owed £5,482.24 (2023: £179.93) to the director in respect of a directors loan.
The loan is provided interest free and repayable upon demand


7