Registered number
09100328
EDDISONFIELDS PROFESSIONAL SERVICES LTD
Filleted Accounts
30 June 2024
EDDISONFIELDS PROFESSIONAL SERVICES LTD
Registered number: 09100328
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 15,000 15,000
Cash at bank and in hand 150,363 363,115
165,363 378,115
Creditors: amounts falling due within one year 5 (71,496) (228,569)
Net current assets 93,867 149,546
Net assets 93,867 149,546
Capital and reserves
Called up share capital 2 2
Profit and loss account 93,865 149,544
Shareholders' funds 93,867 149,546
The directors are 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 directors acknowledge their 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.
Christiaan Haig
Director
Approved by the board on 21 March 2025
EDDISONFIELDS PROFESSIONAL SERVICES LTD
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. Turnover from the rendering of services 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 over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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 and subsequently measured at amortised cost determined using the effective interest method.
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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 4 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 1,800
At 30 June 2024 1,800
Depreciation
At 1 July 2023 1,800
At 30 June 2024 1,800
Net book value
At 30 June 2024 -
4 Debtors 2024 2023
£ £
Trade debtors 15,000 15,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 11,748 -
Taxation and social security costs 56,842 75,009
Other creditors 2,906 153,560
71,496 228,569
6 Other information
EDDISONFIELDS PROFESSIONAL SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
11 Woodford Avenue
Gants Hill
IG2 6UF
EDDISONFIELDS PROFESSIONAL SERVICES LTD 09100328 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts July 2024 Christiaan Haig No description of principal activity 09100328 2022-07-01 2023-06-30 09100328 core:WithinOneYear 2023-06-30 09100328 core:ShareCapital 2023-06-30 09100328 core:RetainedEarningsAccumulatedLosses 2023-06-30 09100328 2023-07-01 2024-06-30 09100328 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09100328 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 09100328 bus:Director40 2023-07-01 2024-06-30 09100328 1 2023-07-01 2024-06-30 09100328 2 2023-07-01 2024-06-30 09100328 countries:England 2023-07-01 2024-06-30 09100328 bus:FRS102 2023-07-01 2024-06-30 09100328 bus:FilletedAccounts 2023-07-01 2024-06-30 09100328 2024-06-30 09100328 core:WithinOneYear 2024-06-30 09100328 core:ShareCapital 2024-06-30 09100328 core:RetainedEarningsAccumulatedLosses 2024-06-30 09100328 core:PlantMachinery 2024-06-30 09100328 2023-06-30 09100328 core:PlantMachinery 2023-06-30 iso4217:GBP xbrli:pure