11195899falsemanufacture and sale of fishing bait2023-03-012024-02-28http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/cd:CompanySecretary12023-03-012024-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2023-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2023-02-28http://www.companieshouse.gov.uk/cd:Director12023-03-012024-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2024-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2024-02-28http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-03-012024-02-28http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-02-28http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-03-012024-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22023-03-012024-02-28http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-03-012024-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-02-28http://www.companieshouse.gov.uk/2023-03-012024-02-28http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/cd:FRS1022023-03-012024-02-28http://www.companieshouse.gov.uk/2024-02-28http://www.companieshouse.gov.uk/cd:FullAccounts2023-03-012024-02-28http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-03-012024-02-28iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 11195899

ETANG BAITS LIMITED

ACCOUNTS
FOR THE YEAR ENDED 28/02/2024

Prepared By:
Wright Accountancy Services
64 Harbour Way
Harbour Way
St Leonards on Sea
East Sussex
TN38 8EU

ETANG BAITS LIMITED

ACCOUNTS
FOR THE YEAR ENDED 28/02/2024
DIRECTORS
Miss M L Holden
SECRETARY
Miss M L Holden
REGISTERED OFFICE
21 Deans Walk
Ashford
Kent
TN23 5BL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11195899
ACCOUNTANTS
Wright Accountancy Services
64 Harbour Way
Harbour Way
St Leonards on Sea
East Sussex
TN38 8EU

ETANG BAITS LIMITED

ACCOUNTS
FOR THEYEARENDED28/02/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

ETANG BAITS LIMITED

BALANCE SHEET AT 28/02/2024
20242023
Notes££
FIXED ASSETS
Tangible assets25,9975,715
CURRENT ASSETS
Stock3,0103,460
Debtors41,3134,868
Cash at bank and in hand5601,784
4,88310,112
CREDITORS: Amounts falling due within one year57731,084
NET CURRENT ASSETS4,1109,028
TOTAL ASSETS LESS CURRENT LIABILITIES10,10714,743
CREDITORS: Amounts falling due after more than one year612,62415,049
PROVISIONS FOR LIABILITIES AND CHARGES8-1,075
NET LIABILITIES(2,517)(1,381)
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account(2,617)(1,481)
SHAREHOLDERS' FUNDS(2,517)(1,381)
For the year ending 28/02/2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 22/11/2024 and signed on their behalf by
.............................
Miss M L Holden
Director

ETANG BAITS LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 15%
Equipmentreducing balance 33%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

ETANG BAITS LIMITED

2. TANGIBLE FIXED ASSETS
Plant and
MachineryEquipmentTotal
£££
Cost
At 01/03/202310,4841,02111,505
Additions-1,6051,605
At 28/02/202410,4842,62613,110
Depreciation
At 01/03/20235,4173735,790
For the year9853381,323
At 28/02/20246,4027117,113
Net Book Amounts
At 28/02/20244,0821,9155,997
At 28/02/20235,0676485,715
3. STOCK 20242023
££
Stock comprises:
Stock3,0103,460
3,0103,460
4. DEBTORS 20242023
££
Amounts falling due within one year
Other debtors1,3134,868
1,3134,868
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Directors current account333644
Accruals440440
7731,084

ETANG BAITS LIMITED

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr12,62415,049
12,62415,049
7. EMPLOYEES
20242023
No.No.
Average number of employees11
Management and Administration
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation-1,075
-1,075
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
50 Ordinary shares of £1 each5050
50 A Ordinary shares of £1 each 50 50
100100
10. CONTROLLING PARTY
The shareholders are the controlling interest.