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Registered number: 05389550
Eaves Chimney Specialists Limited
Financial Statements
For The Year Ended 31 March 2024
Leathley & Co - Whaley Bridge Office
1 Market Street
Whaley Bridge
High Peak
Derbyshire
SK23 7AA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05389550
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 64,726 55,273
64,726 55,273
CURRENT ASSETS
Debtors 5 14,776 18,890
Cash at bank and in hand 26,608 24,391
41,384 43,281
Creditors: Amounts Falling Due Within One Year 6 (100,446 ) (91,688 )
NET CURRENT ASSETS (LIABILITIES) (59,062 ) (48,407 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,664 6,866
Creditors: Amounts Falling Due After More Than One Year 7 (1,203 ) (4,471 )
NET ASSETS 4,461 2,395
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 4,361 2,295
SHAREHOLDERS' FUNDS 4,461 2,395
Page 1
Page 2
For the year ending 31 March 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Elena Eaves
Director
28/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Eaves Chimney Specialists Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05389550 . The registered office is Peak House Farm, Longridge Lane, Buxton, SK17 8DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 15% Reducing Balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 5)
4 5
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 14,266 74,892 8,137 961 98,256
Additions 860 28,300 - 1,041 30,201
As at 31 March 2024 15,126 103,192 8,137 2,002 128,457
Depreciation
As at 1 April 2023 11,495 28,281 3,063 144 42,983
Provided during the period 726 18,728 1,015 279 20,748
As at 31 March 2024 12,221 47,009 4,078 423 63,731
Net Book Value
As at 31 March 2024 2,905 56,183 4,059 1,579 64,726
As at 1 April 2023 2,771 46,611 5,074 817 55,273
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 927 2,719
Directors' loan accounts 13,849 16,171
14,776 18,890
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,718 5,263
Bank loans and overdrafts 3,268 3,268
Corporation tax 909 1,831
Other taxes and social security - 1,300
VAT 8,329 6,345
Other creditors 25,000 25,000
BHP Paribas 12,428 16,896
Land Rover HP 27,552 31,569
Renault Master 20,242 -
Accruals and deferred income - 216
100,446 91,688
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,203 4,471
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5