Company Registration No. 11814796 (England and Wales)
E & S Developments Ltd
Unaudited accounts
for the year ended 29 February 2024
E & S Developments Ltd
Unaudited accounts
Contents
E & S Developments Ltd
Company Information
for the year ended 29 February 2024
Company Number
11814796 (England and Wales)
Registered Office
Kemp House
160 City Road
London
EC1V 2NX
Accountants
Mrs A C Howell
13 Ipswich Grove
Norwich
Norfolk
NR2 2LU
E & S Developments Ltd
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
18,729
102,722
Creditors: amounts falling due within one year
(25,857)
(104,273)
Net current (liabilities)/assets
(1,611)
4,234
Net (liabilities)/assets
(1,168)
4,448
Profit and loss account
(1,268)
4,348
Shareholders' funds
(1,168)
4,448
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2024 and were signed on its behalf by
Victoria Jones
Director
Company Registration No. 11814796
E & S Developments Ltd
Notes to the Accounts
for the year ended 29 February 2024
E & S Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 11814796. The registered office is Kemp House, 160 City Road, London, EC1V 2NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The company meets it's day to day working capital requirements through loan facilities provided by the director of the company, which are repayable on demand.
The nature of the company's business is such that there can be considerable unpredictable variation in the timing of cash inflows. The director has prepared projected cash flow information for the period ending twelve months from the date of approval of these financial statements. On the basis of this cash flow information the director considers that the company will continue to operate within the facility currently provided.
However the margin of facilities over requirements is not large and, inherently there can be no certainty in relation to these matters. On this basis, the director considers it appropriate to prepare the financial statement on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the loan facilities.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
E & S Developments Ltd
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
517
418
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
25,432
103,853
7
Transactions with related parties
The director provided the company with an unsecured interest free loan on balances outstanding at the year end. At the year end this amounted to £25,432 (2023: £103,853).
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).