Registered number
05724843
Easyclear Limited
Filleted Accounts
29 February 2024
Easyclear Limited
Registered number: 05724843
Balance Sheet
as at 29 February 2024
Notes 2024 2022
£ £
Fixed assets
Intangible assets 3 1 1
Tangible assets 4 99,164 49,322
99,165 49,323
Current assets
Debtors 5 84,213 5,854
Cash at bank and in hand 80,426 146,548
164,639 152,402
Creditors: amounts falling due within one year 6 (94,784) (94,278)
Net current assets 69,855 58,124
Total assets less current liabilities 169,020 107,447
Creditors: amounts falling due after more than one year 7 (23,632) (39,604)
Net assets 145,388 67,843
Capital and reserves
Called up share capital 100 100
Profit and loss account 145,288 67,743
Shareholder's funds 145,388 67,843
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
David Hudson
Director
Approved by the board on 30 August 2024
Easyclear Limited
Notes to the Accounts
for the period from 1 September 2022 to 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2022
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2022 10,046
At 29 February 2024 10,046
Amortisation
At 1 September 2022 10,045
At 29 February 2024 10,045
Net book value
At 29 February 2024 1
At 31 August 2022 1
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2022 22,717 108,066 130,783
Additions - 64,138 64,138
Disposals - (53,765) (53,765)
At 29 February 2024 22,717 118,439 141,156
Depreciation
At 1 September 2022 20,698 60,763 81,461
Charge for the period 1,010 13,286 14,296
On disposals - (53,765) (53,765)
At 29 February 2024 21,708 20,284 41,992
Net book value
At 29 February 2024 1,009 98,155 99,164
At 31 August 2022 2,019 47,303 49,322
5 Debtors 2024 2022
£ £
Trade debtors 84,213 4,015
Other debtors - 1,839
84,213 5,854
6 Creditors: amounts falling due within one year 2024 2022
£ £
Trade creditors 18,090 25,399
Taxation and social security costs 56,132 14,225
Other creditors 20,562 54,654
94,784 94,278
7 Creditors: amounts falling due after one year 2024 2022
£ £
Bank loans 23,632 39,604
8 Other information
Easyclear Limited is a private company limited by shares and incorporated in England. Its registered office is:
81 Manor Road
Wallington
Surrey
SM6 0DE
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