Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mrs N Russell 02/11/2012 Mr R Russell 02/11/2012 14 March 2025 no description of principal activity 08279170 2024-03-31 08279170 bus:Director1 2024-03-31 08279170 bus:Director2 2024-03-31 08279170 2023-03-31 08279170 core:CurrentFinancialInstruments 2024-03-31 08279170 core:CurrentFinancialInstruments 2023-03-31 08279170 core:ShareCapital 2024-03-31 08279170 core:ShareCapital 2023-03-31 08279170 core:RetainedEarningsAccumulatedLosses 2024-03-31 08279170 core:RetainedEarningsAccumulatedLosses 2023-03-31 08279170 core:ComputerEquipment 2023-03-31 08279170 core:ComputerEquipment 2024-03-31 08279170 core:CurrentFinancialInstruments 9 2024-03-31 08279170 core:CurrentFinancialInstruments 9 2023-03-31 08279170 2023-04-01 2024-03-31 08279170 bus:FilletedAccounts 2023-04-01 2024-03-31 08279170 bus:SmallEntities 2023-04-01 2024-03-31 08279170 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08279170 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08279170 bus:Director1 2023-04-01 2024-03-31 08279170 bus:Director2 2023-04-01 2024-03-31 08279170 core:ComputerEquipment core:TopRangeValue 2023-04-01 2024-03-31 08279170 2022-04-01 2023-03-31 08279170 core:ComputerEquipment 2023-04-01 2024-03-31 08279170 core:CurrentFinancialInstruments 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 08279170 (England and Wales)

ESSEX FOOT AND ANKLE LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

ESSEX FOOT AND ANKLE LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

ESSEX FOOT AND ANKLE LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
ESSEX FOOT AND ANKLE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,551 2,609
1,551 2,609
Current assets
Debtors 4 325 8,682
Cash at bank and in hand 18,046 54,953
18,371 63,635
Creditors: amounts falling due within one year 5 ( 9,130) ( 11,673)
Net current assets 9,241 51,962
Total assets less current liabilities 10,792 54,571
Net assets 10,792 54,571
Capital and reserves
Called-up share capital 100 100
Profit and loss account 10,692 54,471
Total shareholders' funds 10,792 54,571

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Essex Foot and Ankle Limited (registered number: 08279170) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Mr R Russell
Director

14 March 2025

ESSEX FOOT AND ANKLE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
ESSEX FOOT AND ANKLE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Essex Foot and Ankle Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 8 The Courtyard, Wyncolls Road Severalls Industrial Park, Colchester, CO4 9PE, United Kingdom. The principal place of business is 32 Love Lane, Rayleigh, Essex, SS6 7DL.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Income Statement in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Tangible assets

Computer equipment Total
£ £
Cost
At 01 April 2023 6,568 6,568
At 31 March 2024 6,568 6,568
Accumulated depreciation
At 01 April 2023 3,959 3,959
Charge for the financial year 1,058 1,058
At 31 March 2024 5,017 5,017
Net book value
At 31 March 2024 1,551 1,551
At 31 March 2023 2,609 2,609

4. Debtors

2024 2023
£ £
Trade debtors 0 8,357
S455 325 325
325 8,682

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 223
Amounts owed to directors 994 677
Accruals 3,540 3,366
Corporation tax 4,596 7,316
Other taxation and social security 0 91
9,130 11,673

There are no amounts included above in respect of which any security has been given by the company.