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Company Registration No. NI607336 (Northern Ireland)
EASYSEND LTD Unaudited accounts for the year ended 31 December 2023
EASYSEND LTD Unaudited accounts Contents
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EASYSEND LTD Company Information for the year ended 31 December 2023
Director
Robert LEWANDOWSKI
Company Number
NI607336 (Northern Ireland)
Registered Office
55-59 Adelaide Street Belfast BT2 8FE Northern Ireland
Accountants
Salvares JBS UK Ltd Niddry Lodge 51 Holland Street London London W8 7JB
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EASYSEND LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,311 
10,954 
Current assets
Debtors
4,980 
- 
Cash at bank and in hand
793,217 
1,076,004 
798,197 
1,076,004 
Creditors: amounts falling due within one year
(304,275)
(685,391)
Net current assets
493,922 
390,613 
Net assets
503,233 
401,567 
Capital and reserves
Called up share capital
120,002 
120,002 
Profit and loss account
383,231 
281,565 
Shareholders' funds
503,233 
401,567 
For the year ending 31 December 2023 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 12 September 2024 and were signed on its behalf by
Robert LEWANDOWSKI Director Company Registration No. NI607336
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EASYSEND LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
EASYSEND LTD is a private company, limited by shares, registered in Northern Ireland, registration number NI607336. The registered office is 55-59 Adelaide Street, Belfast, BT2 8FE, Northern Ireland.
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.
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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.
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.
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EASYSEND LTD Notes to the Accounts for the year ended 31 December 2023
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.
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.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
20,000 
17,679 
37,679 
At 31 December 2023
20,000 
17,679 
37,679 
Depreciation
At 1 January 2023
12,461 
14,264 
26,725 
Charge for the year
1,131 
512 
1,643 
At 31 December 2023
13,592 
14,776 
28,368 
Net book value
At 31 December 2023
6,408 
2,903 
9,311 
At 31 December 2022
7,539 
3,415 
10,954 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
4,980 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
260,263 
207,765 
Taxes and social security
13,560 
25,558 
Other creditors
30,452 
452,068 
304,275 
685,391 
7
Average number of employees
During the year the average number of employees was 3 (2022: 1).
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