Eatonbury Ltd
Registered number: 08655436
Statement of Financial Position
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,249 190
Current assets
Debtors 4 11,947 9,935
Cash at bank and in hand 25,950 36,700
37,897 46,635
Creditors: amounts falling due within one year 5 (9,378) (11,604)
Net current assets 28,519 35,031
Total assets less current liabilities 29,768 35,221
Provisions for liabilities (237) -
Net assets 29,531 35,221
Capital and reserves
Called up share capital 100 100
Profit and loss account 29,431 35,121
Shareholder's funds 29,531 35,221
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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 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.
Rebecca Jermy
Director
Approved by the board on 17 February 2025
Eatonbury Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
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 rendering of services. 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:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction 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. 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.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Employees and directors 2024 2023
Number Number
Average number of directors and persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 2,192
Additions 1,475
At 31 August 2024 3,667
Depreciation
At 1 September 2023 2,002
Charge for the year 416
At 31 August 2024 2,418
Net book value
At 31 August 2024 1,249
At 31 August 2023 190
4 Debtors 2024 2023
£ £
Trade debtors 10,887 9,904
Prepayments 1,060 31
11,947 9,935
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 37 51
Accruals 1,170 1,120
Corporation tax 2,215 4,074
Other taxes and social security costs 5,205 5,170
Other creditors 751 1,189
9,378 11,604
6 Other information
Eatonbury Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5 Eaton Drive
Kingston Upon Thames
Surrey
KT2 7RB
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