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Registered number: 04030110
Easymart Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Hallys & Co
Chartered Accountants
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04030110
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,424 24,449
23,424 24,449
CURRENT ASSETS
Cash at bank and in hand 1,316 778
1,316 778
Creditors: Amounts Falling Due Within One Year 5 (3,218 ) (63,169 )
NET CURRENT ASSETS (LIABILITIES) (1,902 ) (62,391 )
TOTAL ASSETS LESS CURRENT LIABILITIES 21,522 (37,942 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 6 (4,451 ) (4,645 )
NET ASSETS/(LIABILITIES) 17,071 (42,587 )
CAPITAL AND RESERVES
Called up share capital 7 5 5
Profit and Loss Account 17,066 (42,592 )
SHAREHOLDERS' FUNDS 17,071 (42,587)
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M Bharadia
Director
28/04/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Easymart Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04030110 . The registered office is Devonshire House, 582 Honeypot Lane, Stanmore, Middlesex, HA7 1JS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of properties sold by the company, excluding Value Added Tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment equally over 3 years
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 3)
- 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2023 - 30,205 5,762 1,650 37,617
Additions 5,135 - - - 5,135
As at 31 July 2024 5,135 30,205 5,762 1,650 42,752
Depreciation
As at 1 August 2023 - 6,041 5,477 1,650 13,168
Provided during the period 1,284 4,833 43 - 6,160
As at 31 July 2024 1,284 10,874 5,520 1,650 19,328
Net Book Value
As at 31 July 2024 3,851 19,331 242 - 23,424
As at 1 August 2023 - 24,164 285 - 24,449
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5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 1,020 1,020
Directors' loan accounts 2,198 62,149
3,218 63,169
6. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 4,451 4,645
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5 5
8. Related Party Transactions
At the balance sheet date, an amount of £2,198 (2023: £62,149) was owed by the company to the directors, Mr M Bharadia and Mrs M Bharadia, equally. 
9. Ultimate Controlling Party
The company's ultimate controlling party are the directors of the company by virtue of their majority ownership of the issued share capital in the company.
Page 4