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Company Registration No. 13301685 (England and Wales)
Eristel Ltd Unaudited accounts for the year ended 31 March 2024
Eristel Ltd Unaudited accounts Contents
Page
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Eristel Ltd Company Information for the year ended 31 March 2024
Director
Saqib I Butt
Company Number
13301685 (England and Wales)
Registered Office
3 Easby Way Lower Earley Reading RG6 3XA England
Accountants
Accountancy Managers Limited 164 New Cavendish Street London W1W 6YT
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Eristel Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
648 
1,092 
Current assets
Debtors
11,510 
25,624 
Cash at bank and in hand
26,669 
33,988 
38,179 
59,612 
Creditors: amounts falling due within one year
(18,962)
(39,439)
Net current assets
19,217 
20,173 
Net assets
19,865 
21,265 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
19,765 
21,165 
Shareholders' funds
19,865 
21,265 
For the year ending 31 March 2024 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 September 2024 and were signed on its behalf by
Saqib I Butt Director Company Registration No. 13301685
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Eristel Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Eristel Ltd is a private company, limited by shares, registered in England and Wales, registration number 13301685. The registered office is 3 Easby Way, Lower Earley, Reading, RG6 3XA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on cost
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Eristel Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,775 
At 31 March 2024
1,775 
Depreciation
At 1 April 2023
683 
Charge for the year
444 
At 31 March 2024
1,127 
Net book value
At 31 March 2024
648 
At 31 March 2023
1,092 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,500 
25,614 
Accrued income and prepayments
10 
10 
11,510 
25,624 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
8,256 
Taxes and social security
4,535 
14,554 
Other creditors
8,000 
8,000 
Loans from directors
6,427 
8,629 
18,962 
39,439 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Transactions with related parties
Included in other creditors is an amount of £6,427 (2023: £8,629) owed to Mr Saqib I Butt, a sole director and majority shareholder of the company. During the period interim dividends of £14,250 (2023: £36,000) were paid to Mr Saqib I Butt.
9
Controlling party
Mr Saqib I Butt was regarded as the ultimate controlling party for the period.
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Eristel Ltd Notes to the Accounts for the year ended 31 March 2024
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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