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REGISTERED NUMBER: 03106794















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

EASI GEARS LIMITED

EASI GEARS LIMITED (REGISTERED NUMBER: 03106794)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EASI GEARS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: L M Wright





REGISTERED OFFICE: Unit 1
20 York Way
Mandale Industrial Estate
Thornaby
Cleveland
TS17 6BX





REGISTERED NUMBER: 03106794





ACCOUNTANTS: Lawson & Co
Skutterskelfe
Yarm
TS15 0JR

EASI GEARS LIMITED (REGISTERED NUMBER: 03106794)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,794 8,824

CURRENT ASSETS
Stocks 3,750 3,750
Debtors 5 13,127 17,758
Cash at bank and in hand 98,824 104,747
115,701 126,255
CREDITORS
Amounts falling due within one year 6 28,495 29,491
NET CURRENT ASSETS 87,206 96,764
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,000

105,588

CAPITAL AND RESERVES
Called up share capital 134 134
Retained earnings 105,866 105,454
SHAREHOLDERS' FUNDS 106,000 105,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2024 and were signed by:





L M Wright - Director


EASI GEARS LIMITED (REGISTERED NUMBER: 03106794)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Easi Gears Limited is a private company, limited by shares , registered in Not specified/Other. 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.
Land and buildings- 15% on cost
Plant and machinery etc- between 10% and 25% on cost


Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 3 (2023 - 3 ) .

EASI GEARS LIMITED (REGISTERED NUMBER: 03106794)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 12,940
Additions 12,970
At 30 September 2024 25,910
DEPRECIATION
At 1 October 2023 4,116
Charge for year 3,000
At 30 September 2024 7,116
NET BOOK VALUE
At 30 September 2024 18,794
At 30 September 2023 8,824

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,958 3,992
Other debtors 10,169 13,766
13,127 17,758

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,035 10,759
Taxation and social security 7,357 11,543
Other creditors 6,103 7,189
28,495 29,491