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REGISTERED NUMBER: 04455778 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ENGINEERING DESIGN & STAFFING SOLUTIONS
LIMITED

ENGINEERING DESIGN & STAFFING SOLUTIONS
LIMITED (REGISTERED NUMBER: 04455778)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


ENGINEERING DESIGN & STAFFING SOLUTIONS
LIMITED (REGISTERED NUMBER: 04455778)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,336 2,724
2,336 2,724

CURRENT ASSETS
Stocks 5,320 -
Debtors 6 83,216 104,861
Cash at bank 145,175 185,877
233,711 290,738
CREDITORS
Amounts falling due within one year 7 120,839 137,277
NET CURRENT ASSETS 112,872 153,461
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,208

156,185

CREDITORS
Amounts falling due after more than one
year

8

(29,900

)

(77,000

)

PROVISIONS FOR LIABILITIES (569 ) (518 )
NET ASSETS 84,739 78,667

CAPITAL AND RESERVES
Called up share capital 75 75
Retained earnings 84,664 78,592
SHAREHOLDERS' FUNDS 84,739 78,667

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ENGINEERING DESIGN & STAFFING SOLUTIONS
LIMITED (REGISTERED NUMBER: 04455778)

BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:




M A Sproston - Director A F J Howarth - Director




P A Price - Director


ENGINEERING DESIGN & STAFFING SOLUTIONS
LIMITED (REGISTERED NUMBER: 04455778)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Engineering Design & Staffing Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04455778

Registered office: C J S Engineering
2nd Floor, Messenger House
35 St Michaels Square
Gloucester
GL1 1HX

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern
There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.

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 is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Intangible assets
Intangible fixed assets consist of goodwill. Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill, relating to the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment- 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

ENGINEERING DESIGN & STAFFING SOLUTIONS
LIMITED (REGISTERED NUMBER: 04455778)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors and trade creditors.

Trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 46,000
AMORTISATION
At 1 April 2023
and 31 March 2024 46,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

ENGINEERING DESIGN & STAFFING SOLUTIONS
LIMITED (REGISTERED NUMBER: 04455778)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023 44,263
Additions 1,855
At 31 March 2024 46,118
DEPRECIATION
At 1 April 2023 41,539
Charge for year 2,243
At 31 March 2024 43,782
NET BOOK VALUE
At 31 March 2024 2,336
At 31 March 2023 2,724

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 69,384 91,150
Other debtors 13,832 13,711
83,216 104,861

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 15,600 26,400
Trade creditors 6,314 37,548
Taxation and social security 68,759 42,106
Other creditors 30,166 31,223
120,839 137,277

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 29,900 77,000