IRIS Accounts Production v24.3.2.46 08000668 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080006682023-03-31080006682024-03-31080006682023-04-012024-03-31080006682022-03-31080006682022-04-012023-03-31080006682023-03-3108000668ns15:EnglandWales2023-04-012024-03-3108000668ns14:PoundSterling2023-04-012024-03-3108000668ns10:Director12023-04-012024-03-3108000668ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108000668ns10:SmallEntities2023-04-012024-03-3108000668ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108000668ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108000668ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108000668ns10:AbridgedAccounts2023-04-012024-03-3108000668ns10:OrdinaryShareClass12023-04-012024-03-3108000668ns10:RegisteredOffice2023-04-012024-03-3108000668ns5:CurrentFinancialInstruments2024-03-3108000668ns5:CurrentFinancialInstruments2023-03-3108000668ns5:Non-currentFinancialInstruments2024-03-3108000668ns5:Non-currentFinancialInstruments2023-03-3108000668ns5:ShareCapital2024-03-3108000668ns5:ShareCapital2023-03-3108000668ns5:RetainedEarningsAccumulatedLosses2024-03-3108000668ns5:RetainedEarningsAccumulatedLosses2023-03-3108000668ns5:PlantMachinery2023-04-012024-03-3108000668ns5:MotorVehicles2023-04-012024-03-310800066812023-04-012024-03-3108000668ns5:Secured2024-03-3108000668ns5:Secured2023-03-3108000668ns10:OrdinaryShareClass12024-03-31080006681ns10:Director12023-03-31080006681ns10:Director12022-03-31080006681ns10:Director12023-04-012024-03-31080006681ns10:Director12022-04-012023-03-31080006681ns10:Director12024-03-31080006681ns10:Director12023-03-31
REGISTERED NUMBER: 08000668 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Estrada Ltd

Estrada Ltd (Registered number: 08000668)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Estrada Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr R Easterbrook





REGISTERED OFFICE: 69 High Street
Bideford
Devon
EX39 2AT





REGISTERED NUMBER: 08000668 (England and Wales)





ACCOUNTANTS: R T Marke & Co Ltd
Chartered Accountants
69 High Street
Bideford
Devon
EX39 2AT

Estrada Ltd (Registered number: 08000668)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 92,747 192,469

CURRENT ASSETS
Stocks 515,840 851,742
Debtors 120,268 262,555
Cash at bank and in hand 64,032 119,646
700,140 1,233,943
CREDITORS
Amounts falling due within one year 592,099 850,230
NET CURRENT ASSETS 108,041 383,713
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,788

576,182

CREDITORS
Amounts falling due after more than one
year

(139,779

)

(150,817

)

PROVISIONS FOR LIABILITIES - (3,392 )
NET ASSETS 61,009 421,973

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 60,909 421,873
SHAREHOLDERS' FUNDS 61,009 421,973

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Estrada Ltd (Registered number: 08000668)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2025 and were signed by:





Mr R Easterbrook - Director


Estrada Ltd (Registered number: 08000668)

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


1. STATUTORY INFORMATION

Estrada Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Estrada Ltd (Registered number: 08000668)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern
Having regard to the company's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the director considers that it is appropriate to prepare the financial statements on the going concern basis.

Exceptional items
The company discloses as exceptional items material items which derive from events or transactions that fall within the ordinary activities of the reporting entity and which individually, or, if of a similar type, in aggregate, it is considered need to be disclosed by virtue of their size or incidence if the financial statements are to give a true and fair view.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

Estrada Ltd (Registered number: 08000668)

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


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 229,039
Additions 4,610
Disposals (56,129 )
At 31 March 2024 177,520
DEPRECIATION
At 1 April 2023 36,570
Charge for year 28,339
Eliminated on disposal (11,251 )
Impairments 31,115
At 31 March 2024 84,773
NET BOOK VALUE
At 31 March 2024 92,747
At 31 March 2023 192,469


6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 100,000 130,000
Hire purchase contracts 84,512 64,672
184,512 194,672

Bank loans are secured by fixed and floating charges over the company's assets.

The hire purchase contracts are secured over the assets to which they relate.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. CONTINGENT LIABILITIES

The company's former landlord is claiming £125,000 of interest due on a loan which has now been repaid. The director does not believe that this amount is due and accordingly no provision has been made.

Estrada Ltd (Registered number: 08000668)

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


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr R Easterbrook
Balance outstanding at start of year 118,274 127,765
Amounts advanced 47,854 47,577
Amounts repaid (166,128 ) (57,068 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 118,274

The maximum overdrawn balance during the year was £162,546.

Interest was charged on the loan at the official interest rate.