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REGISTERED NUMBER: 08056552 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st May 2024

for

ESSENTIAL TELECOMMUNICATIONS LIMITED

ESSENTIAL TELECOMMUNICATIONS LIMITED (REGISTERED NUMBER: 08056552)

Contents of the Financial Statements
for the Year Ended 31st May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ESSENTIAL TELECOMMUNICATIONS LIMITED

Company Information
for the Year Ended 31st May 2024







DIRECTORS: Mr G Ray
Mr L J Hopkins





REGISTERED OFFICE: Central Boulevard
Blythe Valley Park
Shirley
Solihull
West Midlands
B90 8AG





REGISTERED NUMBER: 08056552 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

ESSENTIAL TELECOMMUNICATIONS LIMITED (REGISTERED NUMBER: 08056552)

Balance Sheet
31st May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,306 -

CURRENT ASSETS
Debtors 5 20,620 4,754
Cash at bank 96,004 109,058
116,624 113,812
CREDITORS
Amounts falling due within one year 6 117,894 95,875
NET CURRENT (LIABILITIES)/ASSETS (1,270 ) 17,937
TOTAL ASSETS LESS CURRENT LIABILITIES 1,036 17,937

PROVISIONS FOR LIABILITIES 8 556 -
NET ASSETS 480 17,937

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 380 17,837
SHAREHOLDERS' FUNDS 480 17,937

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ESSENTIAL TELECOMMUNICATIONS LIMITED (REGISTERED NUMBER: 08056552)

Balance Sheet - continued
31st May 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th November 2024 and were signed on its behalf by:




Mr G Ray - Director



Mr L J Hopkins - Director


ESSENTIAL TELECOMMUNICATIONS LIMITED (REGISTERED NUMBER: 08056552)

Notes to the Financial Statements
for the Year Ended 31st May 2024


1. STATUTORY INFORMATION

Essential Telecommunications Limited is a private company, limited by shares , registered in England and Wales. 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ESSENTIAL TELECOMMUNICATIONS LIMITED (REGISTERED NUMBER: 08056552)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st June 2023 336 - 336
Additions - 2,883 2,883
At 31st May 2024 336 2,883 3,219
DEPRECIATION
At 1st June 2023 336 - 336
Charge for year - 577 577
At 31st May 2024 336 577 913
NET BOOK VALUE
At 31st May 2024 - 2,306 2,306
At 31st May 2023 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 548 4,754
Directors' current accounts 20,072 -
20,620 4,754

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 64,941 41,034
Tax 38,080 32,204
Social security and other taxes 3,805 8,331
VAT 11,068 14,289
Directors' current accounts - 17
117,894 95,875

ESSENTIAL TELECOMMUNICATIONS LIMITED (REGISTERED NUMBER: 08056552)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 20,842 -
Between one and five years 27,618 -
48,460 -

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 556 -

Deferred
tax
£   
Provided during year 556
Balance at 31st May 2024 556

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £0.0001 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st May 2024 and 31st May 2023:

2024 2023
£    £   
Mr G Ray
Balance outstanding at start of year (8 ) (8 )
Amounts advanced 75,184 -
Amounts repaid (65,200 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,976 (8 )

ESSENTIAL TELECOMMUNICATIONS LIMITED (REGISTERED NUMBER: 08056552)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr L J Hopkins
Balance outstanding at start of year (8 ) (8 )
Amounts advanced 75,204 -
Amounts repaid (65,200 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,996 (8 )