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REGISTERED NUMBER: 03923937 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2023 to 29 February 2024

for

Easymove of Swindon Limited

Easymove of Swindon Limited (Registered number: 03923937)






Contents of the Financial Statements
for the Period 1 April 2023 to 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Easymove of Swindon Limited

Company Information
for the Period 1 April 2023 to 29 February 2024







DIRECTORS: L Chamberlain
J Lyall





REGISTERED OFFICE: 2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY





REGISTERED NUMBER: 03923937 (England and Wales)





ACCOUNTANTS: Morley & Co (UK) Ltd
Chartered Certified Accountants,
2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY

Easymove of Swindon Limited (Registered number: 03923937)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 401,882 357,554

CURRENT ASSETS
Debtors 5 132,463 179,495
Cash at bank and in hand 82,497 99,460
214,960 278,955
CREDITORS
Amounts falling due within one year 6 100,698 61,794
NET CURRENT ASSETS 114,262 217,161
TOTAL ASSETS LESS CURRENT
LIABILITIES

516,144

574,715

CREDITORS
Amounts falling due after more than one
year

7

(81,878

)

(142,625

)

PROVISIONS FOR LIABILITIES (75,141 ) (62,197 )
NET ASSETS 359,125 369,893

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 358,125 368,893
SHAREHOLDERS' FUNDS 359,125 369,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 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.

Easymove of Swindon Limited (Registered number: 03923937)

Balance Sheet - continued
29 February 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 29 November 2024 and were signed on its behalf by:




L Chamberlain - Director



J Lyall - Director


Easymove of Swindon Limited (Registered number: 03923937)

Notes to the Financial Statements
for the Period 1 April 2023 to 29 February 2024

1. STATUTORY INFORMATION

Easymove of Swindon 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Financial instruments
Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

Taxation
Taxation for the period 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.


Easymove of Swindon Limited (Registered number: 03923937)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 29 February 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 period 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 period was 12 (2023 - 12 ) .

Easymove of Swindon Limited (Registered number: 03923937)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 29 February 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 966 10,555 25,620
Additions - - -
Disposals - - -
At 29 February 2024 966 10,555 25,620
DEPRECIATION
At 1 April 2023 966 2,815 15,732
Charge for period - 1,935 3,484
Eliminated on disposal - - -
At 29 February 2024 966 4,750 19,216
NET BOOK VALUE
At 29 February 2024 - 5,805 6,404
At 31 March 2023 - 7,740 9,888

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 6,183 593,047 21,508 657,879
Additions - 160,895 - 160,895
Disposals - (109,696 ) (2,668 ) (112,364 )
At 29 February 2024 6,183 644,246 18,840 706,410
DEPRECIATION
At 1 April 2023 4,262 257,502 19,048 300,325
Charge for period 626 85,785 713 92,543
Eliminated on disposal - (85,698 ) (2,642 ) (88,340 )
At 29 February 2024 4,888 257,589 17,119 304,528
NET BOOK VALUE
At 29 February 2024 1,295 386,657 1,721 401,882
At 31 March 2023 1,921 335,545 2,460 357,554

Easymove of Swindon Limited (Registered number: 03923937)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 190,499
Additions 61,260
Reclassification/transfer (70,499 )
At 29 February 2024 181,260
DEPRECIATION
At 1 April 2023 7,875
Charge for period 27,134
Reclassification/transfer (5,875 )
At 29 February 2024 29,134
NET BOOK VALUE
At 29 February 2024 152,126
At 31 March 2023 182,624

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade Debtors 64,909 105,898
Directors' current accounts 65,419 71,163
Prepayments 2,135 2,434
132,463 179,495

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,715 5,575
Hire purchase contracts 51,795 15,414
Trade Creditors 12,556 10,183
Tax 3,287 -
Social security and other taxes 1,997 2,457
VAT 19,885 18,953
Other Creditors 167 3,641
Credit Card Creditor 976 1,381
Accruals 4,320 4,190
100,698 61,794

Easymove of Swindon Limited (Registered number: 03923937)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bounce back loan > 1 year 32,545 37,804
Hire purchase contracts 49,333 104,821
81,878 142,625

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the sum of £65,419 was owed by the directors to the company (2023: £71,163). Interest has been charged on overdrawn balances during the year as required at the HMRC approved interest rate.