Registered number
02183585
Easeserve Limited
Filleted Accounts
30 April 2024
Easeserve Limited
Registered number: 02183585
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 970,222 852,786
Current assets
Stocks 137,950 113,002
Debtors 4 800,033 868,264
Cash at bank and in hand 48,334 250,870
986,317 1,232,136
Creditors: amounts falling due within one year 5 (655,313) (799,587)
Net current assets 331,004 432,549
Total assets less current liabilities 1,301,226 1,285,335
Creditors: amounts falling due after more than one year 6 (124,451) (146,282)
Provisions for liabilities (19,841) (19,841)
Net assets 1,156,934 1,119,212
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,156,834 1,119,112
Shareholders' funds 1,156,934 1,119,212
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A J Mulheir
Director
Approved by the board on 6 November 2024
Easeserve Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 24 24
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 771,583 241,019 194,877 1,207,479
Additions - 99,186 81,955 181,141
At 30 April 2024 771,583 340,205 276,832 1,388,620
Depreciation
At 1 May 2023 85,476 194,864 74,353 354,693
Charge for the year - 13,040 50,665 63,705
At 30 April 2024 85,476 207,904 125,018 418,398
Net book value
At 30 April 2024 686,107 132,301 151,814 970,222
At 30 April 2023 686,107 46,155 120,524 852,786
4 Debtors 2024 2023
£ £
Trade debtors 785,461 866,800
Other debtors 14,572 1,464
800,033 868,264
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 36,992 36,992
Obligations under finance lease and hire purchase contracts 28,610 31,425
Trade creditors 418,774 539,219
Taxation and social security costs 96,263 119,562
Other creditors 74,674 72,389
655,313 799,587
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 66,895 104,416
Obligations under finance lease and hire purchase contracts 57,556 41,866
124,451 146,282
7 Other information
Easeserve Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 3, Taw Works
Unit 3, Taw Works
Gorton Lane
Manchester
M18 8DA
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