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Company registration number: SC124719
Earnrate Limited
Unaudited filleted financial statements
31 December 2023
Earnrate Limited
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Earnrate Limited
Directors and other information
Directors Andrew Sinclair
Grant Duncan
Secretary Andrew D. Sinclair
Company number SC124719
Registered office Suite 1, Unit 3, Lomond Business Park
Baltimore Road
Glenrothes
Fife
KY6 3EP
Business address Suite 1, Unit 3, Lomond Business Park
Baltimore Road
Glenrothes
Fife
KY6 3EP
Accountants John Lynch & Co
Torridon House
Torridon Lane
Rosyth
Fife
KY11 2EU
Earnrate Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Earnrate Limited
Year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Earnrate Limited for the year ended 31 December 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of Earnrate Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Earnrate Limited and state those matters that we have agreed to state to the board of directors of Earnrate Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Earnrate Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Earnrate Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Earnrate Limited. You consider that Earnrate Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Earnrate Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
John Lynch & Co
Chartered Accountants
Torridon House
Torridon Lane
Rosyth
Fife
KY11 2EU
5 September 2024
Earnrate Limited
Statement of financial position
31 December 2023
2023 2022
£ £
Fixed assets 704,518 678,296
_______ _______
Current assets 6,232 1,620
Creditors: amounts falling due within one year ( 409,295) ( 411,632)
_______ _______
Net current liabilities ( 403,063) ( 410,012)
_______ _______
Total assets less current liabilities 301,455 268,284
Creditors: amounts falling due after more than one year ( 28,251) ( 8,266)
Accruals and deferred income ( 1,200) ( 1,210)
_______ _______
Net assets 272,004 258,808
_______ _______
Capital and reserves 272,004 258,808
_______ _______
Earnrate Limited
Year ended 31 December 2023
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
2. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Andrew Sinclair ( 31,446) 2,000 ( 29,446)
_______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Andrew Sinclair ( 31,746) 300 ( 31,446)
_______ _______ _______
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.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 05 September 2024 , and are signed on behalf of the board by:
Andrew Sinclair
Director
Company registration number: SC124719
The company is a private company limited by shares, registered in Scotland.