IRIS Accounts Production v24.2.0.383 08689433 Board of Directors Board of Directors 1.10.22 30.9.23 30.9.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh086894332022-09-30086894332023-09-30086894332022-10-012023-09-30086894332021-09-30086894332021-10-012022-09-30086894332022-09-3008689433ns15:EnglandWales2022-10-012023-09-3008689433ns14:PoundSterling2022-10-012023-09-3008689433ns10:Director12022-10-012023-09-3008689433ns10:Director22022-10-012023-09-3008689433ns10:PrivateLimitedCompanyLtd2022-10-012023-09-3008689433ns10:SmallEntities2022-10-012023-09-3008689433ns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3008689433ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3008689433ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-3008689433ns10:FullAccounts2022-10-012023-09-3008689433ns10:OrdinaryShareClass12022-10-012023-09-3008689433ns10:RegisteredOffice2022-10-012023-09-3008689433ns5:CurrentFinancialInstruments2022-09-3008689433ns5:CurrentFinancialInstruments2023-09-3008689433ns5:Non-currentFinancialInstruments2022-09-3008689433ns5:Non-currentFinancialInstruments2023-09-3008689433ns5:ShareCapital2022-09-3008689433ns5:ShareCapital2023-09-3008689433ns5:RetainedEarningsAccumulatedLosses2022-09-3008689433ns5:RetainedEarningsAccumulatedLosses2023-09-3008689433ns5:LandBuildings2022-10-012023-09-3008689433ns5:PlantMachinery2022-10-012023-09-3008689433ns5:LandBuildings2022-09-3008689433ns5:PlantMachinery2022-09-3008689433ns5:LandBuildings2023-09-3008689433ns5:PlantMachinery2023-09-3008689433ns5:LandBuildings2022-09-3008689433ns5:PlantMachinery2022-09-3008689433ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3008689433ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3008689433ns5:CurrentFinancialInstruments2022-10-012023-09-3008689433ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-09-3008689433ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-09-3008689433ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-09-3008689433ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-09-3008689433ns10:OrdinaryShareClass12023-09-3008689433ns10:Director222022-09-3008689433ns10:Director222021-09-3008689433ns10:Director222022-10-012023-09-3008689433ns10:Director222021-10-012022-09-3008689433ns10:Director222023-09-3008689433ns10:Director222022-09-30086894331ns10:Director12022-09-30086894331ns10:Director12021-09-30086894331ns10:Director12022-10-012023-09-30086894331ns10:Director12021-10-012022-09-30086894331ns10:Director12023-09-30086894331ns10:Director12022-09-30
REGISTERED NUMBER: 08689433 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2023

FOR

EAC TELFORD LIMITED

EAC TELFORD LIMITED (REGISTERED NUMBER: 08689433)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EAC TELFORD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2023







DIRECTORS: Mr M G Kettle
Mrs J Kettle





REGISTERED OFFICE: Unit A
Halesfield 13
Telford
Shropshire
TF7 4PL





REGISTERED NUMBER: 08689433 (England and Wales)





ACCOUNTANTS: Stanton Ralph & Co Limited
Chartered Accountants
The Old Police Station
Whitburn Street
Bridgnorth
Shropshire
WV16 4QP

EAC TELFORD LIMITED (REGISTERED NUMBER: 08689433)

BALANCE SHEET
30TH SEPTEMBER 2023

30.9.22 30.9.23
£    £    Notes £    £   
FIXED ASSETS
97,996 Tangible assets 4 243,706

CURRENT ASSETS
16,772 Stocks 35,239
264,685 Debtors 5 321,099
47,969 Cash at bank and in hand 39,089
329,426 395,427
CREDITORS
443,261 Amounts falling due within one year 6 532,197
(113,835 ) NET CURRENT LIABILITIES (136,770 )
(15,839 ) TOTAL ASSETS LESS CURRENT LIABILITIES 106,936

CREDITORS

26,667
Amounts falling due after more than
one year

7

113,826
(42,506 ) NET LIABILITIES (6,890 )

CAPITAL AND RESERVES
100 Called up share capital 9 100
(42,606 ) Retained earnings (6,990 )
(42,506 ) SHAREHOLDERS' FUNDS (6,890 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2023 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.

EAC TELFORD LIMITED (REGISTERED NUMBER: 08689433)

BALANCE SHEET - continued
30TH SEPTEMBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th September 2024 and were signed on its behalf by:




Mrs J Kettle - Director



Mr M G Kettle - Director


EAC TELFORD LIMITED (REGISTERED NUMBER: 08689433)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

1. STATUTORY INFORMATION

Eac Telford Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going Concern
The company has net current liabilities and continues to trade by virtue of support from its directors and creditors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 20% on cost
Plant and machinery etc - 25% on reducing balance and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

EAC TELFORD LIMITED (REGISTERED NUMBER: 08689433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued

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.

Grants received
Capital grants received are included as deferred income and released to the profit and loss account over the life of the relevant asset. Revenue grants received are released to the profit and loss account so as to match the related expenditure.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognized in the profit and loss account in other administration expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
Totals buildings etc
£    £    £   
COST
At 1st October 2022 285,711 12,292 273,419
Additions 225,820 5,800 220,020
Disposals (32,127 ) - (32,127 )
At 30th September 2023 479,404 18,092 461,312
DEPRECIATION
At 1st October 2022 187,715 8,959 178,756
Charge for year 67,844 1,993 65,851
Eliminated on disposal (19,861 ) - (19,861 )
At 30th September 2023 235,698 10,952 224,746
NET BOOK VALUE
At 30th September 2023 243,706 7,140 236,566
At 30th September 2022 97,996 3,333 94,663

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 98,901 93,693
Directors' current accounts 165,859 127,724
Tax 54,728 41,858
Prepayments 1,611 1,410
321,099 264,685

EAC TELFORD LIMITED (REGISTERED NUMBER: 08689433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 46,437 19,453
Hire purchase contracts 20,858 5,918
Trade creditors 240,427 156,995
Tax 29,891 21,414
Social security and other taxes 147,996 192,779
Other creditors 42,125 43,174
Accrued expenses 4,463 3,528
532,197 443,261

Included within creditors are advances against debtors of £42,125 (2022 - £36,464) which is secured by a charge over a certain number of the company's assets in respect of an invoice finance agreement which is secured by certain company assets and personal guarantees given by the directors.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans - 1-2 years 7,273 10,000
Bank loans - 2-5 years 12,121 16,667
Hire purchase contracts 94,432 -
113,826 26,667

8. SECURED DEBTS

Included within creditors are advances against debtors of £42,125 (2022 - £36,464) which is secured by a charge over a certain number of the company's assets in respect of an invoice finance agreement which is secured by certain company assets and personal guarantees given by the directors.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th September 2023 and 30th September 2022:

30.9.23 30.9.22
£    £   
Mr M G Kettle
Balance outstanding at start of year 63,862 49,953
Amounts advanced 19,631 14,473
Amounts repaid (564 ) (564 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 82,929 63,862

EAC TELFORD LIMITED (REGISTERED NUMBER: 08689433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs J Kettle
Balance outstanding at start of year 63,862 49,953
Amounts advanced 19,631 14,473
Amounts repaid (564 ) (564 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 82,929 63,862

No interest is charged.