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REGISTERED NUMBER: 06592050 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2024

for

ETP Services Limited

ETP Services Limited (Registered number: 06592050)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Chartered accountants' report 1

Statement of financial position 2 to 3

Notes to the financial statements 4 to 6


Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
ETP Services 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 Statement of financial position. 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 ETP Services Limited for the year ended 31 May 2024 which comprise the Income statement, Statement of financial position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of ETP Services Limited, as a body, in accordance with the terms of our engagement letter dated 13 March 2020. Our work has been undertaken solely to prepare for your approval the financial statements of ETP Services Limited and state those matters that we have agreed to state to the Board of Directors of ETP Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ETP Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that ETP Services 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 profit of ETP Services Limited. You consider that ETP Services 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 ETP Services 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.






Moore Thompson
27 Market Place
Market Deeping
Peterborough
Cambridgeshire
PE6 8EA


26 February 2025

ETP Services Limited (Registered number: 06592050)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 98,604 120,742

Current assets
Stocks 231,767 184,378
Debtors 6 280,024 310,059
Cash at bank 223,028 60,570
734,819 555,007
Creditors
Amounts falling due within one year 7 291,116 435,840
Net current assets 443,703 119,167
Total assets less current liabilities 542,307 239,909

Creditors
Amounts falling due after more than one
year

8

(52,457

)

(119,639

)

Provisions for liabilities (5,057 ) (9,341 )

Accruals and deferred income (417,040 ) (62,296 )
Net assets 67,753 48,633

Capital and reserves
Called up share capital 22 22
Retained earnings 67,731 48,611
67,753 48,633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

ETP Services Limited (Registered number: 06592050)

Statement of Financial Position - continued
31 May 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:




G Gent - Director



M J Welton - Director


ETP Services Limited (Registered number: 06592050)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. Statutory information

ETP Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06592050

Registered office: 27 Market Place
Market Deeping
Peterborough
Cambs
PE6 8EA

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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles25% Reducing Balance
Equipment10% On Cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.


ETP Services Limited (Registered number: 06592050)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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 statement of financial position 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
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 8 (2023 - 6 ) .

5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 June 2023 176,108
Additions 8,284
At 31 May 2024 184,392
Depreciation
At 1 June 2023 55,366
Charge for year 30,422
At 31 May 2024 85,788
Net book value
At 31 May 2024 98,604
At 31 May 2023 120,742

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 239,367 281,996
Amounts owed by group undertakings 28,762 20,650
Other debtors 11,895 7,413
280,024 310,059

ETP Services Limited (Registered number: 06592050)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 46,016 37,316
Hire purchase contracts 26,406 34,276
Trade creditors 74,596 273,493
Amounts owed to group undertakings 38,462 70
Taxation and social security 100,876 79,142
Other creditors 4,760 11,543
291,116 435,840

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 21,785 62,561
Hire purchase contracts 30,672 57,078
52,457 119,639