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
Essex Industrial Supplies Limited
Company Information
for the year ended 31 March 2024
Directors
Richard Ringer
Nicholas May
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
Essex Industrial Supplies Limited
Statement of financial position
as at 31 March 2024
Tangible assets
123,508
106,746
Inventories
186,573
55,809
Cash at bank and in hand
172,909
213,563
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
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
Essex Industrial Supplies Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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%
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
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
At 31 March 2024
442
122,184
882
123,508
At 31 March 2023
442
105,228
1,076
106,746
Essex Industrial Supplies Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
96,284
227,263
Other debtors
17,085
4,217
6
Creditors: amounts falling due within one year
2024
2023
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
-
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
22,794
-
Taxes and social security
40,181
32,279
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).