Registered number
04129796
Eton-Lincs Limited
Filleted Accounts
30 June 2024
Eton-Lincs Limited
Registered number: 04129796
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 9,216 12,114
Current assets
Stocks 15,501 68,637
Debtors 4 238,710 178,447
Cash at bank and in hand 220,115 287,748
474,326 534,832
Creditors: amounts falling due within one year 5 (98,217) (142,077)
Net current assets 376,109 392,755
Total assets less current liabilities 385,325 404,869
Creditors: amounts falling due after more than one year 6 (9,167) (19,167)
Provisions for liabilities (2,068) (2,083)
Net assets 374,090 383,619
Capital and reserves
Called up share capital 100 100
Share premium 1,995 1,995
Profit and loss account 371,995 381,524
Shareholders' funds 374,090 383,619
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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 and delivered 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.
A J Robinson
Director
Approved by the board on 17 March 2025
Eton-Lincs Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 and 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 20% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 10
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 14,411 25,500 39,911
At 30 June 2024 14,411 25,500 39,911
Depreciation
At 1 July 2023 10,421 17,376 27,797
Charge for the year 867 2,031 2,898
At 30 June 2024 11,288 19,407 30,695
Net book value
At 30 June 2024 3,123 6,093 9,216
At 30 June 2023 3,990 8,124 12,114
4 Debtors 2024 2023
£ £
Trade debtors 226,935 174,988
Other debtors 11,775 3,459
238,710 178,447
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 36,388 110,883
Taxation and social security costs 38,229 11,421
Other creditors 13,600 9,773
98,217 142,077
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 9,167 19,167
7 Related party transactions
During the year dividends were paid to the shareholding director of £95,000 (2023: £nil).

The balance owed to the director was £6,022 (2023: £36,576) at the year end.
8 Controlling party
The company is wholly owned by the director.
9 Other information
Eton-Lincs Limited is a private company limited by shares and incorporated in England. Its registered office is:
31 Abbey Road
Grimsby
North East Lincolnshire
DN32 0HQ
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