1 February 2023 v2024.41.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP088638292023-02-012024-01-31088638292024-01-31088638292023-01-3108863829core:WithinOneYear2024-01-3108863829core:WithinOneYear2023-01-3108863829core:AfterOneYear2024-01-3108863829core:AfterOneYear2023-01-3108863829core:ShareCapital2024-01-3108863829core:ShareCapital2023-01-3108863829core:RetainedEarningsAccumulatedLosses2024-01-3108863829core:RetainedEarningsAccumulatedLosses2023-01-3108863829bus:Director12023-02-012024-01-3108863829bus:RegisteredOffice2023-02-012024-01-3108863829core:OtherResidualIntangibleAssets2023-02-012024-01-3108863829core:FurnitureFittings2023-02-012024-01-3108863829core:PlantMachinery2023-02-012024-01-3108863829core:OfficeEquipment2023-02-012024-01-31088638292022-02-012023-01-3108863829core:IntangibleAssetsOtherThanGoodwill2024-01-3108863829core:IntangibleAssetsOtherThanGoodwill2023-02-0108863829core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3108863829core:IntangibleAssetsOtherThanGoodwill2023-01-3108863829core:PlantMachinery2024-01-3108863829core:PlantMachinery2023-02-0108863829core:PlantMachinery2023-01-310886382912023-02-012024-01-3108863829countries:EnglandWales2023-02-012024-01-3108863829bus:AuditExemptWithAccountantsReport2023-02-012024-01-3108863829bus:PrivateLimitedCompanyLtd2023-02-012024-01-3108863829bus:SmallEntities2023-02-012024-01-3108863829bus:FullAccounts2023-02-012024-01-31
Company registration number:
08863829
Each Limited
Unaudited Filleted Financial Statements for the year ended
31 January 2024
Each Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Each Limited
Year ended
31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
Each Limited
for the year ended
31 January 2024
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
Each Limited
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Each Limited
and state those matters that we have agreed to state to the Board of Directors of
Each Limited
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Each Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Each Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and loss of
Each Limited
. You consider that
Each Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Each Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Pivotal Business Services Limited
Chartered Certified Accountants
285 Dodworth Road
Barnsley
South Yorkshire
S70 6PF
United Kingdom
Date:
11 September 2024
Each Limited
Statement of Financial Position
31 January 2024
20242023
Note££
Fixed assets    
Intangible assets 5
3,666
 
4,233
 
Tangible assets 6
62,355
 
69,283
 
66,021
 
73,516
 
Current assets    
Stocks
4,840
 
5,625
 
Debtors 7
1,854
 
7,533
 
Cash at bank and in hand
7,133
 
23,740
 
13,827
 
36,898
 
Creditors: amounts falling due within one year 8
(66,011
)
(72,504
)
Net current liabilities
(52,184
)
(35,606
)
Total assets less current liabilities 13,837   37,910  
Creditors: amounts falling due after more than one year 9
(58,718
)
(76,370
)
Net liabilities
(44,881
)
(38,460
)
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(44,981
)
(38,560
)
Shareholders deficit
(44,881
)
(38,460
)
For the year ending
31 January 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
11 September 2024
, and are signed on behalf of the board by:
Mr H Matysiak
Director
Company registration number:
08863829
Each Limited
Notes to the Financial Statements
Year ended
31 January 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
4 Hunters Avenue
,
Barnsley
,
South Yorkshire
,
S70 6PL
, .

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

The beneficial owner has indicated a willingness to support the company for the foreseeable future.
As such the directors are of the opinion that the company will be able to finance its operations and other obligations for a period of at least twelve months from the date of approval of these financial statements and are of the opinion that it is correct to prepare these financial statements on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Other intangible assets
15 years straight line

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
10% reducing balance
Plant and machinery
10% reducing balance
Office equipment
33% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

4 Average number of employees

The average number of persons employed by the company during the year was
16
(2023:
15.00
).

5 Intangible assets

Other intangible assets
£
Cost  
At
1 February 2023
and
31 January 2024
8,500
 
Amortisation  
At
1 February 2023
4,267
 
Charge
567
 
At
31 January 2024
4,834
 
Carrying amount  
At
31 January 2024
3,666
 
At 31 January 2023
4,233
 

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 February 2023
and
31 January 2024
135,876
 
Depreciation  
At
1 February 2023
66,593
 
Charge
6,928
 
At
31 January 2024
73,521
 
Carrying amount  
At
31 January 2024
62,355
 
At 31 January 2023
69,283
 

7 Debtors

20242023
££
Other debtors
1,854
 
7,533
 

8 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
19,335
 
17,300
 
Trade creditors
14,100
 
23,712
 
Taxation and social security
2,694
 
4,673
 
Other creditors
29,882
 
26,819
 
66,011
 
72,504
 
The HSBC bank loan is secured by a fixed and floating charge over the assets of the company.

9 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
58,718
 
76,370
 
The bank loan is secured with a fixed and floating charge over all the companies assets.
Included in bank loans and overdrafts is £0 (2023: £15,853) repayable by instalments in more than 5 years.

10 Directors' advances, credit and guarantees

During the year the company provided the director a loan. The balance outstanding at the year end was £0 (2023: £3,032). The maximum balance outstanding during the year was £3,032.