Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 01438148 Ms Claire Wright Mr Michael Carpenter Christopher Layram Mr Stuart Humphrey Mr Steve Ewers Mr David Ball iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01438148 2022-12-31 01438148 2023-12-31 01438148 2023-01-01 2023-12-31 01438148 frs-core:CurrentFinancialInstruments 2023-12-31 01438148 frs-core:ComputerEquipment 2023-12-31 01438148 frs-core:ComputerEquipment 2023-01-01 2023-12-31 01438148 frs-core:ComputerEquipment 2022-12-31 01438148 frs-core:FurnitureFittings 2023-12-31 01438148 frs-core:FurnitureFittings 2023-01-01 2023-12-31 01438148 frs-core:FurnitureFittings 2022-12-31 01438148 frs-core:PlantMachinery 2023-01-01 2023-12-31 01438148 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 01438148 frs-bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 01438148 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 01438148 frs-bus:SmallEntities 2023-01-01 2023-12-31 01438148 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01438148 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01438148 frs-bus:Director1 2023-01-01 2023-12-31 01438148 frs-bus:Director2 2023-01-01 2023-12-31 01438148 frs-bus:Director3 2023-01-01 2023-12-31 01438148 frs-bus:Director4 2023-01-01 2023-12-31 01438148 frs-bus:Director5 2023-01-01 2023-12-31 01438148 frs-bus:Director6 2023-01-01 2023-12-31 01438148 frs-core:CurrentFinancialInstruments 1 2023-12-31 01438148 frs-countries:EnglandWales 2023-01-01 2023-12-31 01438148 2021-12-31 01438148 2022-12-31 01438148 2022-01-01 2022-12-31 01438148 frs-core:CurrentFinancialInstruments 2022-12-31 01438148 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 01438148 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 01438148
Eastern Builders Safety Group Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Watermill Accounting Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 01438148
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,246 5,874
4,246 5,874
CURRENT ASSETS
Debtors 6 125,609 163,915
Cash at bank and in hand 291,718 297,222
417,327 461,137
Creditors: Amounts Falling Due Within One Year 7 (272,648 ) (227,130 )
NET CURRENT ASSETS (LIABILITIES) 144,679 234,007
TOTAL ASSETS LESS CURRENT LIABILITIES 148,925 239,881
NET ASSETS 148,925 239,881
Income and Expenditure Account 148,925 239,881
MEMBERS' FUNDS 148,925 239,881
For the year ending 31 December 2023 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mr Michael Carpenter
Director
11/08/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Eastern Builders Safety Group Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 01438148 . The registered office is C/O WATERMILL ACCOUNTING LIMITED, FUTURE BUSINESS CENTRE, KINGS HEDGES ROAD, CAMBRIDGE, ENGLAND, CB4 2HY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33% of Cost
Fixtures & Fittings 33% of Cost
Computer Equipment 33% of Cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 6)
6 6
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 619 40,702 41,321
Additions 300 797 1,097
As at 31 December 2023 919 41,499 42,418
Depreciation
As at 1 January 2023 86 35,361 35,447
Provided during the period 306 2,419 2,725
As at 31 December 2023 392 37,780 38,172
Net Book Value
As at 31 December 2023 527 3,719 4,246
As at 1 January 2023 533 5,341 5,874
Page 2
Page 3
5. Stocks
2023 2022
£ £
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 114,871 162,357
Prepayments and accrued income 10,738 1,558
125,609 163,915
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 4,635 4,227
Bank loans and overdrafts 480 5
Other taxes and social security 13,199 12,361
VAT 36,510 37,307
Net wages 51 -
HMRC VAT 26,049 -
Accruals and deferred income 191,724 173,230
272,648 227,130
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 3