Earlam and Partners (EAP) Limited 07273489 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is commodity advisory and also wholesale trading services, in particular with regards to the cotton industry. Digita Accounts Production Advanced 6.30.9574.0 true true 07273489 2023-07-01 2024-06-30 07273489 2024-06-30 07273489 bus:OrdinaryShareClass1 2024-06-30 07273489 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-06-30 07273489 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-06-30 07273489 core:CurrentFinancialInstruments 2024-06-30 07273489 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 07273489 core:Goodwill 2024-06-30 07273489 core:PlantMachinery 2024-06-30 07273489 bus:SmallEntities 2023-07-01 2024-06-30 07273489 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 07273489 bus:FilletedAccounts 2023-07-01 2024-06-30 07273489 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07273489 bus:RegisteredOffice 2023-07-01 2024-06-30 07273489 bus:CompanySecretaryDirector2 2023-07-01 2024-06-30 07273489 bus:Director1 2023-07-01 2024-06-30 07273489 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 07273489 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07273489 core:Goodwill 2023-07-01 2024-06-30 07273489 core:PlantMachinery 2023-07-01 2024-06-30 07273489 countries:EnglandWales 2023-07-01 2024-06-30 07273489 2023-06-30 07273489 core:Goodwill 2023-06-30 07273489 core:PlantMachinery 2023-06-30 07273489 2022-07-01 2023-06-30 07273489 2023-06-30 07273489 bus:OrdinaryShareClass1 2023-06-30 07273489 core:CurrentFinancialInstruments 2023-06-30 07273489 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 07273489 core:PlantMachinery 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07273489

Earlam and Partners (EAP) Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Earlam and Partners (EAP) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Earlam and Partners (EAP) Limited

Company Information

Directors

Mr David Jonathan Earlam

Mrs Nicola Joanne Earlam

Company secretary

Mrs Nicola Joanne Earlam

Registered office

The Old Lifeboat Station
15 North Parade
Wirral
Merseyside
CH47 2BB

Accountants

Williamson Croft (Liverpool) Ltd
Chartered Certified Accountants
1 Old Hall Street
1st Floor
Liverpool
L3 9HF

 

Earlam and Partners (EAP) Limited

(Registration number: 07273489)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

16,529

11,923

Other financial assets

6

220,899

200,369

 

237,428

212,292

Current assets

 

Debtors

7

554,007

507,913

Cash at bank and in hand

 

150,809

45,118

 

704,816

553,031

Creditors: Amounts falling due within one year

8

(453,716)

(330,620)

Net current assets

 

251,100

222,411

Net assets

 

488,528

434,703

Capital and reserves

 

Called up share capital

9

20

20

Retained earnings

488,508

434,683

Shareholders' funds

 

488,528

434,703

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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 February 2025 and signed on its behalf by:
 

 

Earlam and Partners (EAP) Limited

(Registration number: 07273489)
Balance Sheet as at 30 June 2024

.........................................
Mr David Jonathan Earlam
Director

 

Earlam and Partners (EAP) Limited

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:
The Old Lifeboat Station
15 North Parade
Wirral
Merseyside
CH47 2BB

These financial statements were authorised for issue by the Board on 3 February 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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 current 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Earlam and Partners (EAP) Limited

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

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

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

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.

 

Earlam and Partners (EAP) Limited

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

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.

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 6).

 

Earlam and Partners (EAP) Limited

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

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 July 2023

30,000

30,000

At 30 June 2024

30,000

30,000

Amortisation

At 1 July 2023

30,000

30,000

At 30 June 2024

30,000

30,000

Carrying amount

At 30 June 2024

-

-

5

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 July 2023

27,126

27,126

Additions

11,599

11,599

At 30 June 2024

38,725

38,725

Depreciation

At 1 July 2023

15,203

15,203

Charge for the year

6,993

6,993

At 30 June 2024

22,196

22,196

Carrying amount

At 30 June 2024

16,529

16,529

At 30 June 2023

11,923

11,923

 

Earlam and Partners (EAP) Limited

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

6

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 July 2023

200,369

-

200,369

Fair value adjustments

(167,090)

-

(167,090)

Revaluations

-

176,000

176,000

Additions

11,595

25

11,620

At 30 June 2024

44,874

176,025

220,899

Impairment

Carrying amount

At 30 June 2024

44,874

176,025

220,899

7

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

108,477

43,890

Amounts owed by related parties

390,898

457,220

Prepayments

 

6,139

4,945

Other debtors

 

48,493

1,858

   

554,007

507,913

 

Earlam and Partners (EAP) Limited

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

8

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

-

55,691

Trade creditors

 

217,202

145,066

Amounts owed to group undertakings and undertakings in which the company has a participating interest

54,108

-

Taxation and social security

 

76,339

80,443

Accruals and deferred income

 

104,462

43,813

Other creditors

 

1,605

5,607

 

453,716

330,620

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary

20

20

20

20

       

10

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

-

55,691