Registered number
09914137
ESF LOSTOCK LIMITED
Filleted Accounts
31 December 2023
ESF LOSTOCK LIMITED
Registered number: 09914137
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 4 585,377 562,527
Current assets
Debtors 5 102,899 138,649
Net current assets 102,899 138,649
Total assets less current liabilities 688,276 701,176
Creditors: amounts falling due after more than one year 6 (692,895) (705,027)
Net liabilities (4,619) (3,851)
Capital and reserves
Called up share capital 400 400
Profit and loss account (5,019) (4,251)
Shareholders' funds (4,619) (3,851)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
D. da Cunha
Director
Approved by the board on 20 September 2024
ESF LOSTOCK LIMITED
Notes to the Accounts
for the year ended 31 December 2023
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 and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
2 Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
4 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 562,527
Additions 22,850
At 31 December 2023 585,377
Amortisation
At 31 December 2023 -
Net book value
At 31 December 2023 585,377
At 31 December 2022 562,527
Project costs are capitalised until commission date, when they will be amortised over the expected life of the project.
5 Debtors 2023 2022
£ £
Value Added Tax 31,149 31,149
Other debtors 71,750 107,500
102,899 138,649
6 Creditors: amounts falling due after one year 2023 2022
£ £
Trade creditors 180,300 180,300
Due to group undertakings 512,595 524,727
692,895 705,027
6 Other information
ESF LOSTOCK LIMITED is a private company limited by shares and incorporated in England.
The Nurseries
Burnt House Lane
Bransgire
Christchurch
BH23 8AL
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