Company Registration No. NI607336 (Northern Ireland)
EASYSEND LTD
Unaudited accounts
for the year ended 31 December 2023
EASYSEND LTD
Unaudited accounts
Contents
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
EASYSEND LTD
Statement of financial position
as at 31 December 2023
Tangible assets
9,311
10,954
Cash at bank and in hand
793,217
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
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
EASYSEND LTD
Notes to the Accounts
for the year ended 31 December 2023
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.
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 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.
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.
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.
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.
EASYSEND LTD
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
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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
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
At 31 December 2023
6,408
2,903
9,311
At 31 December 2022
7,539
3,415
10,954
Amounts falling due within one year
Accrued income and prepayments
4,980
-
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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
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Average number of employees
During the year the average number of employees was 3 (2022: 1).