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Eagle Stone Services Limited

Registration number : 13393931



















Annual Report and Unaudited Financial Statements

for the year ended 31 May 2023

 

Eagle Stone Services Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Eagle Stone Services Limited

Company Information

Director

Mr Shaun Williams

Registered office

Maghull Business Centre
1 Liverpool Road North
Maghull
Merseyside
L31 2HB

Accountants

McParland Williams Limited
13 Liverpool Road North
Maghull
Merseyside
L31 2HB

 

Eagle Stone Services Limited

(Registration number: 13393931)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Current assets

 

Debtors

5

6,445

5,195

Cash at bank and in hand

 

337

2,613

 

6,782

7,808

Creditors: Amounts falling due within one year

6

(12,558)

(7,491)

Net (liabilities)/assets

 

(5,776)

317

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

(5,777)

316

Total equity

 

(5,776)

317

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 September 2024
 

.........................................
Mr Shaun Williams
Director

   
     
 

Eagle Stone Services Limited

Notes to the Unaudited Financial Statements for the year ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Maghull Business Centre
1 Liverpool Road North
Maghull
Merseyside
L31 2HB

These financial statements were authorised for issue by the director on 12 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Eagle Stone Services Limited

Notes to the Unaudited Financial Statements for the year ended 31 May 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Taxation

Tax charged/(credited) in the income statement

Year ended 31 May 2023
 £

13 May 2021 to 31 May 2022
 £

Current taxation

UK corporation tax

-

2,228

UK corporation tax adjustment to prior periods

(1,429)

-

(1,429)

2,228

 

Eagle Stone Services Limited

Notes to the Unaudited Financial Statements for the year ended 31 May 2023

5

Debtors

2023
£

2022
£

Other debtors

6,445

5,195

6,445

5,195

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

820

4,000

Taxation and social security

 

799

2,228

Accruals and deferred income

 

2,010

1,080

Other creditors

 

8,929

183

 

12,558

7,491

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

         
 

Eagle Stone Services Limited

Notes to the Unaudited Financial Statements for the year ended 31 May 2023

8

Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

9,099

8,149

Summary of transactions with parent

Eagle Stone Services Limited and Eagle Stone Group Limited are part of a group.
 During the period loans were made between members of the group.
 All loans were unsecured, interest free and payable on demand.
 

Loans from related parties

2023

Parent
£

Total
£

At start of period

4,000

4,000

Repaid

(3,180)

(3,180)

At end of period

820

820

2022

Parent
£

Total
£

Advanced

9,000

9,000

Repaid

(5,000)

(5,000)

At end of period

4,000

4,000