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Company Registration No. 03614167 (England and Wales)
Essex Industrial Supplies Limited Unaudited accounts for the year ended 31 March 2024
Essex Industrial Supplies Limited Unaudited accounts Contents
Page
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Essex Industrial Supplies Limited Company Information for the year ended 31 March 2024
Directors
Richard Ringer Nicholas May
Secretary
Richard Ringer
Company Number
03614167 (England and Wales)
Registered Office
Unit B3 Sartorial Business Park London Road West Thurrock RM20 3NL
Accountants
NRM ACCOUNTANCY SERVICES LTD 70 Wood Street Walthamstow London E17 3HT
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Essex Industrial Supplies Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
123,508 
106,746 
Current assets
Inventories
186,573 
55,809 
Debtors
113,369 
231,480 
Cash at bank and in hand
172,909 
213,563 
472,851 
500,852 
Creditors: amounts falling due within one year
(207,511)
(225,070)
Net current assets
265,340 
275,782 
Total assets less current liabilities
388,848 
382,528 
Creditors: amounts falling due after more than one year
(85,831)
(64,867)
Net assets
303,017 
317,661 
Capital and reserves
Called up share capital
8 
8 
Profit and loss account
303,009 
317,653 
Shareholders' funds
303,017 
317,661 
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by
Richard Ringer Director Company Registration No. 03614167
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Essex Industrial Supplies Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Essex Industrial Supplies Limited is a private company, limited by shares, registered in England and Wales, registration number 03614167. The registered office is Unit B3 Sartorial Business Park, London Road, West Thurrock, RM20 3NL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Improvements 10%
Plant & machinery
25%
Motor vehicles
25%
Fixtures & fittings
25%
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
22,618 
323,411 
28,270 
374,299 
Additions
- 
39,447 
- 
39,447 
At 31 March 2024
22,618 
362,858 
28,270 
413,746 
Depreciation
At 1 April 2023
22,176 
218,183 
27,194 
267,553 
Charge for the year
- 
22,491 
194 
22,685 
At 31 March 2024
22,176 
240,674 
27,388 
290,238 
Net book value
At 31 March 2024
442 
122,184 
882 
123,508 
At 31 March 2023
442 
105,228 
1,076 
106,746 
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Essex Industrial Supplies Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
96,284 
227,263 
Other debtors
17,085 
4,217 
113,369 
231,480 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
86,308 
23,520 
Obligations under finance leases and hire purchase contracts
14,127 
743 
Trade creditors
31,601 
188,756 
Taxes and social security
13,104 
8,008 
Proposed dividends
60,000 
- 
Accruals
2,371 
4,043 
207,511 
225,070 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
22,856 
32,588 
Obligations under finance leases and hire purchase contracts
22,794 
- 
Taxes and social security
40,181 
32,279 
85,831 
64,867 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
8 Ordinary shares of £1 each
8 
8 
9
Average number of employees
During the year the average number of employees was 10 (2023: 9).
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