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E A DESIGN SOLUTIONS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2024






E A DESIGN SOLUTIONS LTD (REGISTERED NUMBER: 05728406)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

E A DESIGN SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: C W Gibson
L D Wilson





SECRETARY: Mrs D L Gibson





REGISTERED OFFICE: Unit 24
106a Bedford Road
Wootton
Bedfordshire
MK43 9JB





REGISTERED NUMBER: 05728406 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

E A DESIGN SOLUTIONS LTD (REGISTERED NUMBER: 05728406)

BALANCE SHEET
31ST MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,001 7,173

CURRENT ASSETS
Debtors 5 33,912 55,194
Cash at bank 18,430 48,646
52,342 103,840
CREDITORS
Amounts falling due within one year 6 23,501 34,031
NET CURRENT ASSETS 28,841 69,809
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,842

76,982

CREDITORS
Amounts falling due after more than one year 7 (10,000 ) (19,417 )

PROVISIONS FOR LIABILITIES - (414 )
NET ASSETS 23,842 57,151

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 23,742 57,051
SHAREHOLDERS' FUNDS 23,842 57,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

E A DESIGN SOLUTIONS LTD (REGISTERED NUMBER: 05728406)

BALANCE SHEET - continued
31ST MARCH 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th September 2024 and were signed on its behalf by:





C W Gibson - Director


E A DESIGN SOLUTIONS LTD (REGISTERED NUMBER: 05728406)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

E A Design Solutions Ltd is a private company, limited by shares , registered in England and Wales. 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents the independent design work of facade glazing and structural glass designs.

Turnover is measured at the fair value of the consideration receivable, excluding discounts and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on reducing balance
Computer & office equipment - 33% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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.


E A DESIGN SOLUTIONS LTD (REGISTERED NUMBER: 05728406)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures Computer
and & office
fittings equipment Totals
£    £    £   
COST
At 1st April 2023
and 31st March 2024 3,628 21,470 25,098
DEPRECIATION
At 1st April 2023 2,666 15,259 17,925
Charge for year 193 1,979 2,172
At 31st March 2024 2,859 17,238 20,097
NET BOOK VALUE
At 31st March 2024 769 4,232 5,001
At 31st March 2023 962 6,211 7,173

The net book value of tangible fixed assets includes £ 3,862 (2023 - £ 5,517 ) in respect of assets held under finance leases.

E A DESIGN SOLUTIONS LTD (REGISTERED NUMBER: 05728406)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 29,358 27,600
Amounts owed by participating interests - 22,500
Prepayments 4,554 5,094
33,912 55,194

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 5,000 4,557
Finance leases (see note 8) 3,974 1,779
Trade creditors 3,656 2,940
Corporation tax - 11,056
Social security and other taxes 2,660 2,768
VAT 6,715 9,386
Directors' current accounts 637 34
Accrued expenses 859 1,511
23,501 34,031

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans 10,000 15,443
Finance leases (see note 8) - 3,974
10,000 19,417

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
31/3/24 31/3/23
£    £   
Net obligations repayable:
Within one year 3,974 1,779
Between one and five years - 3,974
3,974 5,753

E A DESIGN SOLUTIONS LTD (REGISTERED NUMBER: 05728406)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31/3/24 31/3/23
£    £   
Within one year 9,900 9,900
Between one and five years - 9,900
9,900 19,800

9. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Bank loans 15,000 20,000
Finance leases 3,974 5,753
18,974 25,753

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C W Gibson.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
E A DESIGN SOLUTIONS LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of E A Design Solutions Ltd for the year ended 31st March 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of E A Design Solutions Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of E A Design Solutions Ltd and state those matters that we have agreed to state to the Board of Directors of E A Design Solutions Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than E A Design Solutions Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that E A Design Solutions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of E A Design Solutions Ltd. You consider that E A Design Solutions Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of E A Design Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


13th September 2024