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REGISTERED NUMBER: 04905003 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

EASTMIST LIMITED

EASTMIST LIMITED (REGISTERED NUMBER: 04905003)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EASTMIST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Andrew Leadbeater





REGISTERED OFFICE: Fearnley Farm
Wyke Lane
Bradford
West Yorkshire
BD12 9EQ





REGISTERED NUMBER: 04905003 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
1 Valley Court
Canal Road
Bradford
West Yorkshire
BD1 4SP

EASTMIST LIMITED (REGISTERED NUMBER: 04905003)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,841,524 1,984,660
Investments 5 255,728 250,728
2,097,252 2,235,388

CURRENT ASSETS
Debtors 6 3,172,175 2,609,152
Cash at bank and in hand 1,070,917 984,628
4,243,092 3,593,780
CREDITORS
Amounts falling due within one year 7 2,014,560 1,858,058
NET CURRENT ASSETS 2,228,532 1,735,722
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,325,784

3,971,110

CREDITORS
Amounts falling due after more than
one year

8

(8,137

)

(17,591

)

PROVISIONS FOR LIABILITIES (452,973 ) (487,907 )
NET ASSETS 3,864,674 3,465,612

CAPITAL AND RESERVES
Called up share capital 1 1
Profit and loss account 3,864,673 3,465,611
3,864,674 3,465,612

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

EASTMIST LIMITED (REGISTERED NUMBER: 04905003)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2025 and were signed by:





Andrew Leadbeater - Director


EASTMIST LIMITED (REGISTERED NUMBER: 04905003)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Eastmist Limited 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.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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. The financial statements have been prepared under the historical cost convention.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
The financial statements contain information about Eastmist Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer Equipment - 33% on cost

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


EASTMIST LIMITED (REGISTERED NUMBER: 04905003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

INCOME RECOGNITION
Revenue is recognised to the extent that is probable that the economic benefits will flow to the company and revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised.

Revenue from a contract to provide services is recognised in the period in which the services are provided when all of the following conditions are satisfied :

- the amount of revenue can be measured reliably; and
- it is probable that the company will receive the consideration due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 31 ) .

EASTMIST LIMITED (REGISTERED NUMBER: 04905003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 4,632,993 608,710 16,950 157,855 5,416,508
Additions 395,156 87,136 - - 482,292
Disposals - - (16,950 ) - (16,950 )
At 30 September 2024 5,028,149 695,846 - 157,855 5,881,850
DEPRECIATION
At 1 October 2023 3,030,853 241,235 14,687 145,073 3,431,848
Charge for year 499,327 113,657 - 10,181 623,165
Eliminated on disposal - - (14,687 ) - (14,687 )
At 30 September 2024 3,530,180 354,892 - 155,254 4,040,326
NET BOOK VALUE
At 30 September 2024 1,497,969 340,954 - 2,601 1,841,524
At 30 September 2023 1,602,140 367,475 2,263 12,782 1,984,660

5. FIXED ASSET INVESTMENTS
Interest
Shares in in other
group participating
undertakings interests Totals
£    £    £   
COST
At 1 October 2023 200,728 50,000 250,728
Additions - 5,000 5,000
At 30 September 2024 200,728 55,000 255,728
NET BOOK VALUE
At 30 September 2024 200,728 55,000 255,728
At 30 September 2023 200,728 50,000 250,728

EASTMIST LIMITED (REGISTERED NUMBER: 04905003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

W K Edwards Transport Limited
Registered office: Ketley Road, Kingswinford, DY6 8DA
Nature of business: Haulage Contractor
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 39,139 39,960
(Loss)/profit for the year (821 ) 932

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,254,582 1,809,531
Amounts owed by related parties 68,929 61,776
Other debtors 848,664 737,845
3,172,175 2,609,152

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,051 10,648
Trade creditors 1,227,221 1,182,047
Amounts owed to group undertakings 51,834 53,241
Taxation and social security 657,300 154,850
Other creditors 68,154 457,272
2,014,560 1,858,058

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 8,137 17,591

9. SECURED DEBTS

Included within creditors is a bounce back loan amounting to £18,188 (2023:£28,239) this is unsecured but backed by the government.

EASTMIST LIMITED (REGISTERED NUMBER: 04905003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The pension cost represents contributions payable by the company to the fund and amounted to £25,727 (2023:£21,051). Contributions totalling £9,562 (2023:£6,085) were payable to the fund at the year end and included in creditors.

11. OTHER FINANCIAL COMMITMENTS

At 30th September 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £6,756,225 (2023-:£2,198,503).