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REGISTERED NUMBER: SC631139 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Essch Engineering Ltd

Essch Engineering Ltd (Registered number: SC631139)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Essch Engineering Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr B E Schrader
Mrs S J Schrader





REGISTERED OFFICE: 72 King Edward Street
Fraserburgh
Aberdeenshire
AB43 9PN





REGISTERED NUMBER: SC631139 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

Essch Engineering Ltd (Registered number: SC631139)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,106 38,603

CURRENT ASSETS
Debtors 5 45,453 19,925
Cash at bank 16,077 15,412
61,530 35,337
CREDITORS
Amounts falling due within one year 6 44,928 19,645
NET CURRENT ASSETS 16,602 15,692
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,708

54,295

PROVISIONS FOR LIABILITIES 6,967 7,335
NET ASSETS 40,741 46,960

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 40,731 46,950
40,741 46,960

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Essch Engineering Ltd (Registered number: SC631139)

Balance Sheet - continued
31 May 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 16 October 2024 and were signed on its behalf by:





Mr B E Schrader - Director


Essch Engineering Ltd (Registered number: SC631139)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Essch Engineering Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

Essch Engineering Ltd (Registered number: SC631139)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 1,613 50,095 2,119 53,827
Additions - 1,775 1,150 2,925
Disposals - - (1,163 ) (1,163 )
At 31 May 2024 1,613 51,870 2,106 55,589
DEPRECIATION
At 1 June 2023 581 12,524 2,119 15,224
Charge for year 206 9,836 380 10,422
Eliminated on disposal - - (1,163 ) (1,163 )
At 31 May 2024 787 22,360 1,336 24,483
NET BOOK VALUE
At 31 May 2024 826 29,510 770 31,106
At 31 May 2023 1,032 37,571 - 38,603

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 45,298 19,726
Other debtors 155 199
45,453 19,925

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 480 35
Taxation and social security 32,157 17,699
Other creditors 12,291 1,911
44,928 19,645