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REGISTERED NUMBER: 08557015 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

EAGLE DESIGN & BUILD LTD

EAGLE DESIGN & BUILD LTD (REGISTERED NUMBER: 08557015)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EAGLE DESIGN & BUILD LTD

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: Mr F Vulajis





REGISTERED OFFICE: Unit 8 The Enterprise Centre
St. Albans
Hertfordshire
AL3 6EN





REGISTERED NUMBER: 08557015 (England and Wales)





ACCOUNTANTS: Kings Chartered Accountants
4 Grovelands
Boundary Way
Hemel Hempstead
Hertfordshire
HP2 7TE

EAGLE DESIGN & BUILD LTD (REGISTERED NUMBER: 08557015)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 84,521 87,058

CURRENT ASSETS
Stocks 5 135,000 135,000
Debtors 6 414,430 395,568
Cash at bank and in hand 26 1
549,456 530,569
CREDITORS
Amounts falling due within one year 7 382,322 439,735
NET CURRENT ASSETS 167,134 90,834
TOTAL ASSETS LESS CURRENT
LIABILITIES

251,655

177,892

CREDITORS
Amounts falling due after more than one
year

8

(136,882

)

(155,642

)

PROVISIONS FOR LIABILITIES 12 (20,133 ) (21,648 )
NET ASSETS 94,640 602

CAPITAL AND RESERVES
Called up share capital 13 1 1
Retained earnings 94,639 601
SHAREHOLDERS' FUNDS 94,640 602

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

EAGLE DESIGN & BUILD LTD (REGISTERED NUMBER: 08557015)

BALANCE SHEET - continued
30 June 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 February 2025 and were signed by:





Mr F Vulajis - Director


EAGLE DESIGN & BUILD LTD (REGISTERED NUMBER: 08557015)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Eagle Design & Build Ltd 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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 derived from ordinary activities. Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the service.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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

EAGLE DESIGN & BUILD LTD (REGISTERED NUMBER: 08557015)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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

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.

EAGLE DESIGN & BUILD LTD (REGISTERED NUMBER: 08557015)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 1,322 165,082 2,871 169,275
Additions - 21,875 - 21,875
Disposals - (9,699 ) - (9,699 )
At 30 June 2024 1,322 177,258 2,871 181,451
DEPRECIATION
At 1 July 2023 126 81,982 109 82,217
Charge for year 299 18,174 957 19,430
Eliminated on disposal - (4,717 ) - (4,717 )
At 30 June 2024 425 95,439 1,066 96,930
NET BOOK VALUE
At 30 June 2024 897 81,819 1,805 84,521
At 30 June 2023 1,196 83,100 2,762 87,058

EAGLE DESIGN & BUILD LTD (REGISTERED NUMBER: 08557015)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023 96,373
Additions 21,875
Disposals (9,699 )
Transfer to ownership (86,674 )
At 30 June 2024 21,875
DEPRECIATION
At 1 July 2023 51,529
Charge for year 4,101
Eliminated on disposal (4,717 )
Transfer to ownership (46,812 )
At 30 June 2024 4,101
NET BOOK VALUE
At 30 June 2024 17,774
At 30 June 2023 44,844

5. STOCKS
30.6.24 30.6.23
£    £   
Stocks 135,000 135,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 82,747 112,315
Other debtors 25,160 19,640
Value added tax 54,351 21,537
Prepayments and accrued income 252,172 242,076
414,430 395,568

EAGLE DESIGN & BUILD LTD (REGISTERED NUMBER: 08557015)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts (see note 9) 25,898 13,541
Other loans (see note 9) 13,743 24,784
Hire purchase contracts (see note 10) 3,717 28,711
Trade creditors 272,093 323,759
Taxation 39,664 3,829
Social security and other taxes 25,296 21,903
Other creditors 198 207
Directors' current accounts 211 20,000
Accruals 1,502 3,001
382,322 439,735

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans (see note 9) 31,688 38,807
Other loans (see note 9) - 2,050
Hire purchase contracts (see note 10) 6,194 -
Directors' loan accounts 99,000 114,785
136,882 155,642

9. LOANS

An analysis of the maturity of loans is given below:

30.6.24 30.6.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 15,898 3,993
Bank loans 10,000 9,548
Other loans 13,743 24,784
39,641 38,325

Amounts falling due between one and two years:
Other loans - 1-2 years - 2,050

Amounts falling due between two and five years:
Bank loans - 2-5 years 31,688 38,807

EAGLE DESIGN & BUILD LTD (REGISTERED NUMBER: 08557015)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.6.24 30.6.23
£    £   
Net obligations repayable:
Within one year 3,717 28,711
Between one and five years 6,194 -
9,911 28,711

Non-cancellable operating leases
30.6.24 30.6.23
£    £   
Within one year 21,540 10,500
Between one and five years 86,160 -
107,700 10,500

11. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Other loans 13,743 26,834

The director has provided a personal guarantee against the amount owed included in the other loans.

12. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax
Accelerated capital allowances 20,133 21,648

Deferred
tax
£   
Balance at 1 July 2023 21,648
Provided during year (1,515 )
Balance at 30 June 2024 20,133

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 Ordinary £1 1 1