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REGISTERED NUMBER: 03676959 (England and Wales)















E.S.T.S. Ltd

Report of the Directors and

Unaudited Financial Statements

for the year ended

31 December 2023






E.S.T.S. Ltd (Registered number: 03676959)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5 to 7


E.S.T.S. Ltd

Company Information
for the year ended 31 December 2023







DIRECTORS: Mrs D M Andrews
Mrs E A Edwards
D Edwards
M G Thacker





REGISTERED OFFICE: Unit 8
Guardian Road Industrial Estate
Norwich
NR5 8PF





REGISTERED NUMBER: 03676959 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY

E.S.T.S. Ltd (Registered number: 03676959)

Report of the Directors
for the year ended 31 December 2023


The directors present their report with the financial statements of the company for the year ended 31 December 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

Mrs D M Andrews
Mrs E A Edwards
D Edwards
M G Thacker

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs D M Andrews - Director


19 September 2024

E.S.T.S. Ltd (Registered number: 03676959)

Income Statement
for the year ended 31 December 2023

2023 2022
£    £   

TURNOVER 463,813 534,493

Cost of sales 299,387 358,280
GROSS PROFIT 164,426 176,213

Administrative expenses 152,574 143,846
11,852 32,367

Other operating income 1,234 -
13,086 32,367

Interest receivable and similar income 33 6
13,119 32,373

Interest payable and similar expenses 417 482
PROFIT BEFORE TAXATION 12,702 31,891

Tax on profit 2,954 5,518
PROFIT FOR THE FINANCIAL YEAR 9,748 26,373

E.S.T.S. Ltd (Registered number: 03676959)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 6,002 7,502
Tangible assets 5 11,119 14,866
17,121 22,368

CURRENT ASSETS
Stocks 45,000 38,000
Debtors 6 26,532 24,923
Cash at bank 77,023 90,295
148,555 153,218
CREDITORS
Amounts falling due within one year 7 (81,060 ) (85,406 )
NET CURRENT ASSETS 67,495 67,812
TOTAL ASSETS LESS CURRENT LIABILITIES 84,616 90,180

CREDITORS
Amounts falling due after more than one year 8 - (10,600 )

PROVISIONS FOR LIABILITIES (2,113 ) (2,825 )
NET ASSETS 82,503 76,755

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 82,501 76,753
SHAREHOLDERS' FUNDS 82,503 76,755

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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:





Mrs D M Andrews - Director


E.S.T.S. Ltd (Registered number: 03676959)

Notes to the Financial Statements
for the year ended 31 December 2023


1. STATUTORY INFORMATION

E.S.T.S. 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.

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.

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 1998, is being amortised evenly over its estimated useful life of ten 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.
Freehold property - Not depreciated
Plant and machinery - 20% on reducing balance
Motor vehicles - 33% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

E.S.T.S. Ltd (Registered number: 03676959)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 15,005
AMORTISATION
At 1 January 2023 7,503
Charge for year 1,500
At 31 December 2023 9,003
NET BOOK VALUE
At 31 December 2023 6,002
At 31 December 2022 7,502

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 1,735 45,322 28,487 75,544
DEPRECIATION
At 1 January 2023 - 40,809 19,869 60,678
Charge for year - 903 2,844 3,747
At 31 December 2023 - 41,712 22,713 64,425
NET BOOK VALUE
At 31 December 2023 1,735 3,610 5,774 11,119
At 31 December 2022 1,735 4,513 8,618 14,866

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 26,532 24,923

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 2,749
Trade creditors 63,105 67,560
Taxation and social security 1,378 13,283
Other creditors 16,577 1,814
81,060 85,406

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors - 10,600

E.S.T.S. Ltd (Registered number: 03676959)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


9. RELATED PARTY DISCLOSURES

As at the Balance Sheet date the Company owed the Directors £14,600 (2022: £10,600) by way of an interest free loan with no set repayment terms.