Registered number
11964408
Easyfixit Ltd
Filleted Accounts
30 April 2022
Easyfixit Ltd
Registered number: 11964408
Balance Sheet
as at 30 April 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 2 - 5,634
Current assets
Stocks 13,450 18,450
Debtors 3 - 56,154
Cash at bank and in hand 4,911 16,558
18,361 91,162
Creditors: amounts falling due within one year 4 (14,602) (44,599)
Net current assets 3,759 46,563
Total assets less current liabilities 3,759 52,197
Creditors: amounts falling due after more than one year 5 (51,159) (50,000)
Net (liabilities)/assets (47,400) 2,197
Capital and reserves
Called up share capital 1 1
Profit and loss account (47,401) 2,196
Shareholder's funds (47,400) 2,197
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Asif Sharif Mohammed
Director
Approved by the board on 5 September 2024
Easyfixit Ltd
Notes to the Accounts
for the year ended 30 April 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earneed from the rendering of consultancy service. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stock is measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of work-in-progress is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Employees 2022 2021
Number Number
Average number of persons employed by the company - -
2 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2021 6,694
Disposals (6,694)
At 30 April 2022 -
Depreciation
At 1 May 2021 1,060
On disposals (1,060)
At 30 April 2022 -
Net book value
At 30 April 2022 -
At 30 April 2021 5,634
3 Debtors 2022 2021
£ £
Other debtors - 56,154
4 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 9 -
Trade creditors - 35,000
Accruals and deferred income 1,500 1,800
Taxation and social security costs 5,127 5,127
Director's account 4,666 1,172
Other creditors 3,300 1,500
14,602 44,599
5 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 51,159 50,000
6 Cessation of trade
The company has ceased its trading on 30 April 2022.
7 Other information
Easyfixit Ltd is a private company limited by shares and incorporated in England. Its registered office is:
10-12 Westgate Certacs House
Skelmersdale
Lancashire
England
WN8 8AZ
Easyfixit Ltd 11964408 false 2021-05-01 2022-04-30 2022-04-30 VT Final Accounts April 2024 Asif Sharif Mohammed No description of principal activity 11964408 2020-05-01 2021-04-30 11964408 core:WithinOneYear 2021-04-30 11964408 core:AfterOneYear 2021-04-30 11964408 core:ShareCapital 2021-04-30 11964408 core:RetainedEarningsAccumulatedLosses 2021-04-30 11964408 2021-05-01 2022-04-30 11964408 bus:PrivateLimitedCompanyLtd 2021-05-01 2022-04-30 11964408 bus:AuditExemptWithAccountantsReport 2021-05-01 2022-04-30 11964408 bus:Director40 2021-05-01 2022-04-30 11964408 1 2021-05-01 2022-04-30 11964408 2 2021-05-01 2022-04-30 11964408 core:PlantMachinery 2021-05-01 2022-04-30 11964408 1 2021-05-01 2022-04-30 11964408 countries:England 2021-05-01 2022-04-30 11964408 bus:FRS102 2021-05-01 2022-04-30 11964408 bus:FilletedAccounts 2021-05-01 2022-04-30 11964408 2022-04-30 11964408 core:WithinOneYear 2022-04-30 11964408 core:AfterOneYear 2022-04-30 11964408 core:ShareCapital 2022-04-30 11964408 core:RetainedEarningsAccumulatedLosses 2022-04-30 11964408 core:PlantMachinery 2022-04-30 11964408 2021-04-30 11964408 core:PlantMachinery 2021-04-30 iso4217:GBP xbrli:pure