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REGISTERED NUMBER: 07167738 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

ESCO DEVELOPMENTS LIMITED

ESCO DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07167738)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


ESCO DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07167738)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,051 3,342

CURRENT ASSETS
Debtors 5 1,175,889 691,607
Cash at bank and in hand 50,424 941,389
1,226,313 1,632,996
CREDITORS
Amounts falling due within one year 6 275,329 418,343
NET CURRENT ASSETS 950,984 1,214,653
TOTAL ASSETS LESS CURRENT
LIABILITIES

960,035

1,217,995

CAPITAL AND RESERVES
Called up share capital 7 650 650
Capital redemption reserve 350 350
Retained earnings 959,035 1,216,995
SHAREHOLDERS' FUNDS 960,035 1,217,995

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 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 9 February 2025 and were signed on its behalf by:





Mr A J Wooltorton - Director


ESCO DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07167738)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

ESCO Developments 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: 07167738

Registered office: Manor Farm Barns
Fox Road
Framingham Pigot
Norwich
Norfolk
NR14 7PZ

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 represents the fair value of services provided during the year. Turnover is recognised as contract activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be recoverable from clients. Turnover excludes value added tax.

Unbilled turnover on individual contracts is included as accrued income within other debtors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Office equipment - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

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

The average number of employees during the year was 4 (2023 - 2 ) .

ESCO DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07167738)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and Office Computer
machinery equipment equipment Totals
£    £    £    £   
COST
At 1 July 2023 5,115 1,694 17,747 24,556
Additions - 3,817 3,944 7,761
At 30 June 2024 5,115 5,511 21,691 32,317
DEPRECIATION
At 1 July 2023 5,115 1,185 14,914 21,214
Charge for year - 588 1,464 2,052
At 30 June 2024 5,115 1,773 16,378 23,266
NET BOOK VALUE
At 30 June 2024 - 3,738 5,313 9,051
At 30 June 2023 - 509 2,833 3,342

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Debtors is made up as follows -

20242023
££
Promotion assets1,147,758691,607
Prepayments7,398-
VAT20,733-
1,175,889691,607

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 72,933 23,447
Taxation and social security - 262,525
Other creditors 202,396 132,371
275,329 418,343

Other creditors is made up as follows -

20242023
££
The Rademaker Family Trust 130,000130,000
Directors loan account70,000-
Accruals2,3962,371
202,396132,371

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Nominal 2022 2021
Number: Class: value: £ £

650 Ordinary 'A' £1 650 650

ESCO DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07167738)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S G Rademaker, who is director of the company and, via the Rademaker Family Trust, is a majority shareholder.