Registered number
12324517
Earthmoving Extras Limited
Filleted Accounts
5 April 2024
Earthmoving Extras Limited
Registered number: 12324517
Balance Sheet
as at 5 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 71,436 4,460
Current assets
Stocks 131,250 50,420
Debtors 4 121,717 147,634
Cash at bank and in hand 52,915 81,975
305,882 280,029
Creditors: amounts falling due within one year 5 (242,631) (198,449)
Net current assets 63,251 81,580
Net assets 134,687 86,040
Capital and reserves
Called up share capital 100 100
Profit and loss account 134,587 85,940
Shareholders' funds 134,687 86,040
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
C Howe
Director
Approved by the board on 14 November 2024
Earthmoving Extras Limited
Notes to the Accounts
for the year ended 5 April 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 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 6 April 2023 11,525 - 11,525
Additions 71,216 22,900 94,116
At 5 April 2024 82,741 22,900 105,641
Depreciation
At 6 April 2023 7,065 - 7,065
Charge for the year 17,890 9,250 27,140
At 5 April 2024 24,955 9,250 34,205
Net book value
At 5 April 2024 57,786 13,650 71,436
At 5 April 2023 4,460 - 4,460
4 Debtors 2024 2023
£ £
Trade debtors 121,717 122,464
Other debtors - 25,170
121,717 147,634
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 18,585 23,705
Taxation and social security costs 14,272 32,540
Directors' loan account 196,933 102,704
Other creditors 12,841 39,500
242,631 198,449
6 Other information
Earthmoving Extras Limited is a private company limited by shares and incorporated in England. Its registered office is:
7 Basepoint Business Centre
Rivermead Drive
Swindon
Wilts
SN5 7EX
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