Registration number:
Easypave (Yorkshire) Limited
for the
Year Ended 31 October 2024
Easypave (Yorkshire) Limited
Contents
Company Information |
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Directors' Report |
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Accountants' Report |
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Profit and Loss Account and Statement of Retained Earnings |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
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iXBRL Detailed Profit and Loss Account |
Easypave (Yorkshire) Limited
Company Information
Directors |
RJ Trueman DW Trueman |
Company secretary |
Melanie Mitchell |
Registered office |
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Accountants |
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Easypave (Yorkshire) Limited
Directors' Report
for the
Year Ended 31 October 2024
The directors present their report and the financial statements for the year ended 31 October 2024.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is that of manufacturer of concrete products.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Chartered
Accountants' Report to the
Board of Directors
on the Preparation of the Unaudited Statutory Accounts of
Easypave (Yorkshire) Limited
for the
Year
Ended
31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Easypave (Yorkshire) Limited for the year ended 31 October 2024 as set out on pages 4 to 14 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Easypave (Yorkshire) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Easypave (Yorkshire) Limited and state those matters that we have agreed to state to the Board of Directors of Easypave (Yorkshire) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Easypave (Yorkshire) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Easypave (Yorkshire) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Easypave (Yorkshire) Limited. You consider that Easypave (Yorkshire) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Easypave (Yorkshire) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7NR
Easypave (Yorkshire) Limited
Profit and Loss Account and Statement of Retained Earnings
for the
Year Ended 31 October 2024
Note |
2024 |
2023 |
|
Turnover |
|
|
|
Cost of sales |
( |
( |
|
Gross profit |
|
|
|
Administrative expenses |
( |
( |
|
Operating profit |
|
|
|
Interest payable and similar charges |
( |
( |
|
Profit before tax |
|
|
|
Taxation |
( |
( |
|
Profit for the financial year |
|
|
|
Retained earnings brought forward |
174,576 |
140,103 |
|
Dividends paid |
( |
( |
|
Retained earnings carried forward |
193,717 |
174,576 |
Easypave (Yorkshire) Limited
(Registration number:
04922782
)
Balance Sheet
as at
31 October 2024
Note |
2024 |
2023 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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|
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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|
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Capital and reserves |
|||
Called up share capital |
2 |
2 |
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Retained earnings |
193,717 |
174,576 |
|
Shareholders' funds |
193,719 |
174,578 |
For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
Easypave (Yorkshire) Limited
(Registration number:
04922782
)
Balance Sheet
as at
31 October 2024
......................................... |
Easypave (Yorkshire) Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 31 October 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Easypave (Yorkshire) Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 31 October 2024
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Long leasehold |
10% on reducing balance |
Furniture and fittings |
15% on reducing balance |
Office equipment |
15% on reducing balance |
Motor vehicles |
25% on reducing balance |
Equipment |
20% on reducing balance |
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Intangible assets
Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Easypave (Yorkshire) Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 31 October 2024
Asset class |
Amortisation method and rate |
Goodwill |
Evenly over 20 years |
Patents |
15% 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.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Easypave (Yorkshire) Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 31 October 2024
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Profit before tax |
Arrived at after charging/(crediting)
2024 |
2023 |
|
Depreciation expense |
|
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Amortisation expense |
|
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Easypave (Yorkshire) Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 31 October 2024
Intangible assets |
Goodwill |
Trademarks, patents and licenses |
Total |
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Cost or valuation |
|||
At 1 November 2023 |
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At 31 October 2024 |
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Amortisation |
|||
At 1 November 2023 |
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|
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Amortisation charge |
- |
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At 31 October 2024 |
|
|
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Carrying amount |
|||
At 31 October 2024 |
- |
|
|
At 31 October 2023 |
- |
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Tangible assets |
Land and buildings |
Long leasehold |
Furniture and fittings |
Equipment |
||||
Cost or valuation |
|||||||
At 1 November 2023 |
|
|
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Additions |
- |
- |
- |
|
|||
At 31 October 2024 |
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|
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Depreciation |
|||||||
At 1 November 2023 |
- |
|
|
|
|||
Charge for the year |
- |
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At 31 October 2024 |
- |
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Carrying amount |
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At 31 October 2024 |
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At 31 October 2023 |
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Easypave (Yorkshire) Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 31 October 2024
Office equipment |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 November 2023 |
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|
||||
Additions |
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- |
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At 31 October 2024 |
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Depreciation |
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At 1 November 2023 |
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Charge for the year |
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At 31 October 2024 |
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Carrying amount |
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At 31 October 2024 |
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At 31 October 2023 |
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Included within the net book value of land and buildings above is £155,269 (2023 - £155,269) in respect of freehold land and buildings and £1,562 (2023 - £1,736) in respect of long leasehold land and buildings.
Stocks |
2024 |
2023 |
|
Other inventories |
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Debtors |
Current |
2024 |
2023 |
Trade debtors |
|
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Prepayments |
|
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Other debtors |
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Easypave (Yorkshire) Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 31 October 2024
Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
|
Due within one year |
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Loans and borrowings |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
Note |
2024 |
2023 |
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Due after one year |
|||
Loans and borrowings |
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Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
|||
No. |
£ |
No. |
£ |
|
|
|
2 |
|
2 |
Loans and borrowings |
2024 |
2023 |
|
Non-current loans and borrowings |
||
Bank borrowings |
|
|
Hire purchase contracts |
|
|
|
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Easypave (Yorkshire) Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 31 October 2024
2024 |
2023 |
|
Current loans and borrowings |
||
Bank borrowings |
|
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Hire purchase contracts |
|
|
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Easypave (Yorkshire) Limited
iXBRL Detailed Profit and Loss Account for the Year Ended 31 October 2024
2024 |
2023 |
|
Turnover/revenue |
|
|
Cost of sales |
||
Opening finished goods |
( |
( |
Purchase of raw materials and consumables |
( |
( |
Closing finished goods |
|
|
Freight and haulage costs |
( |
( |
Wages and salaries excluding directors |
( |
( |
Social security costs excluding directors |
( |
- |
Pension costs defined contribution schemes excluding directors |
( |
- |
Staff costs excluding directors |
( |
( |
External commission costs |
( |
( |
Gross profit |
334,563 |
281,429 |
Distribution costs |
||
Administrative expenses |
||
Audit and accountancy other services |
( |
( |
Advertising, promotions and marketing costs |
( |
( |
Rent, rates and services costs |
( |
( |
Utilities costs |
( |
( |
Operating lease expenditure |
( |
( |
Other repairs and maintenance costs |
( |
( |
Depreciation of Fixed assets |
( |
( |
Amortisation of intangible assets |
( |
( |
Vehicle costs |
( |
( |
Other staff costs |
( |
- |
Salaries and fees, directors |
( |
( |
Social security costs, directors |
( |
( |
Company contributions to money purchase plans, directors |
( |
( |
Staff costs, directors |
( |
( |
Easypave (Yorkshire) Limited
iXBRL Detailed Profit and Loss Account for the Year Ended 31 October 2024
2024 |
2023 |
|
Legal and professional costs |
- |
( |
Bad debts and impairment losses |
- |
( |
Bank charges |
( |
( |
Insurance costs |
( |
( |
Telecommunications |
( |
( |
Printing, postage and stationery |
( |
( |
Subscriptions |
( |
( |
Other costs |
( |
( |
Other operating income |
||
Other items |
||
Profit on ordinary activities before finance charges and interest |
102,667 |
94,670 |
Interest expense on bank overdraft, bank loans and similar borrowings |
( |
( |
Interest expense on obligations under finance leases and hire purchase contracts |
( |
( |
Profit on ordinary activities before taxation |
|
|
Tax on profit or loss on ordinary activities |
( |
( |
Profit for the financial year |
|
|