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REGISTERED NUMBER: 05846440 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

EAST COAST DRAINS LIMITED

EAST COAST DRAINS LIMITED (REGISTERED NUMBER: 05846440)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EAST COAST DRAINS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: R A Hess
Miss J E Marsden





SECRETARY: R A Hess





REGISTERED OFFICE: Lothing House
7 Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD





REGISTERED NUMBER: 05846440 (England and Wales)





ACCOUNTANTS: Juler Tooke
Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD

EAST COAST DRAINS LIMITED (REGISTERED NUMBER: 05846440)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 3,500 5,250
Tangible assets 5 123,795 77,756
127,295 83,006

CURRENT ASSETS
Debtors 6 76,419 46,930
Cash at bank 556,883 445,206
633,302 492,136
CREDITORS
Amounts falling due within one year 7 (105,499 ) (85,458 )
NET CURRENT ASSETS 527,803 406,678
TOTAL ASSETS LESS CURRENT
LIABILITIES

655,098

489,684

CREDITORS
Amounts falling due after more than one
year

8

(19,167

)

(29,167

)

PROVISIONS FOR LIABILITIES (28,642 ) (13,021 )
NET ASSETS 607,289 447,496

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 607,188 447,395
SHAREHOLDERS' FUNDS 607,289 447,496

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

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

EAST COAST DRAINS LIMITED (REGISTERED NUMBER: 05846440)

BALANCE SHEET - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





R A Hess - Director


EAST COAST DRAINS LIMITED (REGISTERED NUMBER: 05846440)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

East Coast Drains 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.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

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.

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 3 (2023 - 2 ) .

EAST COAST DRAINS LIMITED (REGISTERED NUMBER: 05846440)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 35,000
AMORTISATION
At 1 July 2023 29,750
Charge for year 1,750
At 30 June 2024 31,500
NET BOOK VALUE
At 30 June 2024 3,500
At 30 June 2023 5,250

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 9,227 157,690 166,917
Additions - 87,103 87,103
Disposals - (46,162 ) (46,162 )
At 30 June 2024 9,227 198,631 207,858
DEPRECIATION
At 1 July 2023 - 89,161 89,161
Charge for year - 22,802 22,802
Eliminated on disposal - (27,900 ) (27,900 )
At 30 June 2024 - 84,063 84,063
NET BOOK VALUE
At 30 June 2024 9,227 114,568 123,795
At 30 June 2023 9,227 68,529 77,756

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 74,156 45,073
Other debtors 2,263 1,857
76,419 46,930

EAST COAST DRAINS LIMITED (REGISTERED NUMBER: 05846440)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 22,971 24,415
Taxation and social security 64,125 40,188
Other creditors 18,403 20,855
105,499 85,458

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other creditors 19,167 29,167

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £61,250 (2023 - £68,000) were paid to the directors .

The company operates a Loan account with the Director and the balance as at 30th June 2024 was £18,403.

10. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr R A Hess as holder of the share capital throughout the current year.