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REGISTERED NUMBER: 04186981 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

ETISS LIMITED

ETISS LIMITED (REGISTERED NUMBER: 04186981)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ETISS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: P R Guyott
N P Munson





SECRETARY: Mrs B J Lock





REGISTERED OFFICE: School Road
Langham
Colchester
Essex
CO4 5PB





REGISTERED NUMBER: 04186981 (England and Wales)





ACCOUNTANTS: Richard Sexton & Co LLP
3 Manor Road
Colchester
Essex
CO3 3LU

ETISS LIMITED (REGISTERED NUMBER: 04186981)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 30,469 39,685
30,469 39,685

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 6 32,436 50,502
Cash at bank and in hand 45,081 28,898
80,017 81,900
CREDITORS
Amounts falling due within one year 7 78,779 87,986
NET CURRENT ASSETS/(LIABILITIES) 1,238 (6,086 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,707

33,599

CREDITORS
Amounts falling due after more than one
year

8

(5,667

)

(9,667

)

PROVISIONS FOR LIABILITIES (5,790 ) (5,725 )
NET ASSETS 20,250 18,207

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 20,150 18,107
SHAREHOLDERS' FUNDS 20,250 18,207

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

ETISS LIMITED (REGISTERED NUMBER: 04186981)

BALANCE SHEET - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by:




P R Guyott - Director



N P Munson - Director


ETISS LIMITED (REGISTERED NUMBER: 04186981)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Etiss 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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of six years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

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.


ETISS LIMITED (REGISTERED NUMBER: 04186981)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 18,000
AMORTISATION
At 1 June 2023
and 31 May 2024 18,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

ETISS LIMITED (REGISTERED NUMBER: 04186981)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS
Plant & Motor Office
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 51,730 63,500 17,022 132,252
Additions - - 496 496
At 31 May 2024 51,730 63,500 17,518 132,748
DEPRECIATION
At 1 June 2023 45,052 33,381 14,134 92,567
Charge for year 1,336 7,530 846 9,712
At 31 May 2024 46,388 40,911 14,980 102,279
NET BOOK VALUE
At 31 May 2024 5,342 22,589 2,538 30,469
At 31 May 2023 6,678 30,119 2,888 39,685

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,595 40,101
Corporation tax repayable - 6,963
Prepayments 1,841 3,438
32,436 50,502

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,000 4,000
Trade creditors 4,945 6,111
Other loan account 9,780 12,640
Corporation tax 3,690 -
Social security and other taxes 13,873 13,622
Directors' loan accounts 37,239 46,006
Accruals 5,252 5,607
78,779 87,986

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loan 5,667 9,667

ETISS LIMITED (REGISTERED NUMBER: 04186981)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

9. RESERVES
Retained
earnings
£   

At 1 June 2023 18,107
Profit for the year 15,999
Dividends (13,956 )
At 31 May 2024 20,150

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £11,862 (2023 - £3,954) were paid to the directors .

11. ULTIMATE CONTROLLING PARTY

The company is not under the control of any one person or group of people.