IRIS Accounts Production v24.3.2.46 01810346 Board of Directors 1.5.23 30.4.24 30.4.24 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh018103462023-04-30018103462024-04-30018103462023-05-012024-04-30018103462022-04-30018103462022-05-012023-04-30018103462023-04-3001810346ns15:EnglandWales2023-05-012024-04-3001810346ns14:PoundSterling2023-05-012024-04-3001810346ns10:Director12023-05-012024-04-3001810346ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3001810346ns10:SmallEntities2023-05-012024-04-3001810346ns10:AuditExemptWithAccountantsReport2023-05-012024-04-3001810346ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3001810346ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3001810346ns10:FullAccounts2023-05-012024-04-3001810346ns10:Director22023-05-012024-04-3001810346ns10:Director32023-05-012024-04-3001810346ns10:Director42023-05-012024-04-3001810346ns10:CompanySecretary12023-05-012024-04-3001810346ns10:RegisteredOffice2023-05-012024-04-3001810346ns5:CurrentFinancialInstruments2024-04-3001810346ns5:CurrentFinancialInstruments2023-04-3001810346ns5:Non-currentFinancialInstruments2024-04-3001810346ns5:Non-currentFinancialInstruments2023-04-3001810346ns5:ShareCapital2024-04-3001810346ns5:ShareCapital2023-04-3001810346ns5:CapitalRedemptionReserve2024-04-3001810346ns5:CapitalRedemptionReserve2023-04-3001810346ns5:RetainedEarningsAccumulatedLosses2024-04-3001810346ns5:RetainedEarningsAccumulatedLosses2023-04-3001810346ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-05-012024-04-3001810346ns5:PlantMachinery2023-05-012024-04-3001810346ns5:MotorVehicles2023-05-012024-04-3001810346ns5:ComputerEquipment2023-05-012024-04-3001810346ns5:LandBuildings2023-04-3001810346ns5:PlantMachinery2023-04-3001810346ns5:LandBuildings2023-05-012024-04-3001810346ns5:LandBuildings2024-04-3001810346ns5:PlantMachinery2024-04-3001810346ns5:LandBuildings2023-04-3001810346ns5:PlantMachinery2023-04-3001810346ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-3001810346ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-05-012024-04-3001810346ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-04-3001810346ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-3001810346ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3001810346ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3001810346ns5:HirePurchaseContractsns5:WithinOneYear2024-04-3001810346ns5:HirePurchaseContractsns5:WithinOneYear2023-04-3001810346ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-04-3001810346ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-04-3001810346ns5:HirePurchaseContracts2024-04-3001810346ns5:HirePurchaseContracts2023-04-3001810346ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3001810346ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3001810346ns5:DeferredTaxation2023-04-3001810346ns5:DeferredTaxation2023-05-012024-04-3001810346ns5:DeferredTaxation2024-04-30




























REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

EREWASH COMMERCIALS LIMITED

EREWASH COMMERCIALS LIMITED (REGISTERED NUMBER: 01810346)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

EREWASH COMMERCIALS LIMITED

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTORS: A W Smith
P A Lawrence
A A Smith
Mrs C S Smith





SECRETARY: A W Smith





REGISTERED OFFICE: Fourways
Kirkby Lane
Pinxton
Nottinghamshire
NG16 6HW





REGISTERED NUMBER: 01810346 (England and Wales)





ACCOUNTANTS: Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN

EREWASH COMMERCIALS LIMITED (REGISTERED NUMBER: 01810346)

REPORT OF THE DIRECTORS
for the year ended 30 April 2024

The directors present their report with the financial statements of the company for the year ended 30 April 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of hauliers.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2023 to the date of this report.

A W Smith
P A Lawrence
A A Smith
Mrs C S Smith

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A W Smith - Director


29 January 2025

EREWASH COMMERCIALS LIMITED (REGISTERED NUMBER: 01810346)

BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,244,522 1,077,125

CURRENT ASSETS
Stocks 21,394 29,618
Debtors 6 1,599,162 1,251,577
Cash at bank and in hand 233,050 173,704
1,853,606 1,454,899
CREDITORS
Amounts falling due within one year 7 1,540,125 1,152,863
NET CURRENT ASSETS 313,481 302,036
TOTAL ASSETS LESS CURRENT LIABILITIES 1,558,003 1,379,161

CREDITORS
Amounts falling due after more than one year 8 (487,304 ) (242,393 )

PROVISIONS FOR LIABILITIES 11 (286,153 ) (242,675 )
NET ASSETS 784,546 894,093

CAPITAL AND RESERVES
Called up share capital 500 500
Capital redemption reserve 600 600
Retained earnings 783,446 892,993
SHAREHOLDERS' FUNDS 784,546 894,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:



A W Smith - Director


EREWASH COMMERCIALS LIMITED (REGISTERED NUMBER: 01810346)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Erewash Commercials 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Sale of goods
Turnover from the sale of goods is recognised when;
- the significant risks and rewards of ownership of the goods has transferred to the buyer
- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold
- the amount of turnover can be measured reliably
- it is probable that the economic benefits associated with the transaction will flow to the company
- the costs incurred or to be incurred in respect of the transaction can be measured reliably

Rendering of services
Turnover from a contract to provide services is recognised in the period by reference to the stage of completion of the contract when all of the following conditions are satisfied;
- the amount of turnover can be measured reliably
- it is probable that the economic benefits associated with the services will flow to the company
- the stage of completion of the contract at the reporting date can be measured reliably
- the costs incurred and the costs to complete the contract can be measured reliably

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.
Freehold property - 10% on cost and 2% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33.3% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


EREWASH COMMERCIALS LIMITED (REGISTERED NUMBER: 01810346)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

3. 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 year 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 22 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 170,384 2,236,413 2,406,797
Additions - 472,502 472,502
Disposals - (428,975 ) (428,975 )
At 30 April 2024 170,384 2,279,940 2,450,324
DEPRECIATION
At 1 May 2023 50,276 1,279,396 1,329,672
Charge for year 5,294 193,587 198,881
Eliminated on disposal - (322,751 ) (322,751 )
At 30 April 2024 55,570 1,150,232 1,205,802
NET BOOK VALUE
At 30 April 2024 114,814 1,129,708 1,244,522
At 30 April 2023 120,108 957,017 1,077,125

EREWASH COMMERCIALS LIMITED (REGISTERED NUMBER: 01810346)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 1,132,349
Additions 472,502
Transfer to ownership (422,260 )
At 30 April 2024 1,182,591
DEPRECIATION
At 1 May 2023 523,108
Charge for year 115,031
Transfer to ownership (254,839 )
At 30 April 2024 383,300
NET BOOK VALUE
At 30 April 2024 799,291
At 30 April 2023 609,241

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,015,725 906,493
Amounts owed by associates 571,729 335,267
Directors' current accounts 3,038 3,038
Prepayments 8,670 6,779
1,599,162 1,251,577

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts (see note 9) 192,664 190,082
Trade creditors 1,117,984 841,954
Tax - 27,443
Social security and other taxes 7,220 15,148
VAT 27,423 64,231
Other creditors 180,843 2,086
Directors' current accounts 170 117
Accruals and deferred income 589 -
Accrued expenses 13,232 11,802
1,540,125 1,152,863

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts (see note 9) 487,304 242,393

EREWASH COMMERCIALS LIMITED (REGISTERED NUMBER: 01810346)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.4.24 30.4.23
£    £   
Gross obligations repayable:
Within one year 228,110 202,986
Between one and five years 540,544 253,206
768,654 456,192

Finance charges repayable:
Within one year 35,446 12,904
Between one and five years 53,240 10,813
88,686 23,717

Net obligations repayable:
Within one year 192,664 190,082
Between one and five years 487,304 242,393
679,968 432,475

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 679,968 432,475

11. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 286,153 242,675

Deferred
tax
£   
Balance at 1 May 2023 242,675
Charge to Income Statement during year 43,478
Balance at 30 April 2024 286,153

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
EREWASH COMMERCIALS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Erewash Commercials Limited for the year ended 30 April 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Erewash Commercials Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Erewash Commercials Limited and state those matters that we have agreed to state to the Board of Directors of Erewash Commercials Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Erewash Commercials Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Erewash Commercials Limited. You consider that Erewash Commercials 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 financial statements of Erewash Commercials 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 financial statements.






Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN


Date: .............................................