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Registration number: 07274353

East Devon Casualty Service Limited

Filleted Unaudited Financial Statements

for the Year Ended 30 June 2024

 

East Devon Casualty Service Limited
(Registration number: 07274353)

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

East Devon Casualty Service Limited
(Registration number: 07274353)

Company Information

Directors

Mr A Carter

Miss H E Clarke

Mr L E Wallis

Mr D Selley

Mr J C Dare

Mr A J Cole

Registered office

28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

Accountants

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

East Devon Casualty Service Limited
(Registration number: 07274353)

Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

125,349

142,917

Current assets

 

Debtors

5

52,546

65,558

Cash at bank and in hand

 

26,479

9,823

 

79,025

75,381

Creditors: Amounts falling due within one year

6

(104,295)

(121,814)

Net current liabilities

 

(25,270)

(46,433)

Total assets less current liabilities

 

100,079

96,484

Creditors: Amounts falling due after more than one year

6

(8,067)

(16,867)

Provisions for liabilities

(12,968)

(15,583)

Net assets

 

79,044

64,034

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

79,043

64,033

Total equity

 

79,044

64,034

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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.

 

East Devon Casualty Service Limited
(Registration number: 07274353)

Balance Sheet as at 30 June 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 14 February 2025 and signed on its behalf by:
 

.........................................
Miss H E Clarke
Director

   
     
 

East Devon Casualty Service Limited
(Registration number: 07274353)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD
England

2

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.

Revenue recognition

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.

Tax

The tax expense for the period comprises deferred 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.

 

East Devon Casualty Service Limited
(Registration number: 07274353)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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 to a residual value, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

5% straight line

Plant and machinery

20% straight line

Fixtures and fittings

20% straight line

Motor vehicles

20% straight line

Computer equipment

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

East Devon Casualty Service Limited
(Registration number: 07274353)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

 

East Devon Casualty Service Limited
(Registration number: 07274353)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Land and buildings
£

Motor vehicles
 £

Other property, plant and equipment
 £

Total
£

Cost or valuation

At 1 July 2023

84,982

92,405

52,567

229,954

Additions

3,858

-

661

4,519

Disposals

-

(9,143)

-

(9,143)

At 30 June 2024

88,840

83,262

53,228

225,330

Depreciation

At 1 July 2023

16,361

44,253

26,423

87,037

Charge for the year

4,281

8,076

9,238

21,595

Eliminated on disposal

-

(8,651)

-

(8,651)

At 30 June 2024

20,642

43,678

35,661

99,981

Carrying amount

At 30 June 2024

68,198

39,584

17,567

125,349

At 30 June 2023

68,621

48,152

26,144

142,917

5

Debtors

2024
£

2023
£

Trade debtors

49,430

56,633

Other debtors

3,089

8,630

Prepayments and accrued income

27

295

Total current trade and other debtors

52,546

65,558

 

East Devon Casualty Service Limited
(Registration number: 07274353)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

90,222

102,479

Trade creditors

 

4,997

10,263

Taxation and social security

 

5,132

5,250

Other creditors

 

414

288

Accrued expenses

 

3,530

3,534

 

104,295

121,814

7

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

8

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank borrowings

9,533

8,800

Other borrowings

80,689

93,679

90,222

102,479

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

8,067

16,867