Company registration number 11909737 (England and Wales)
EA FIRST LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
EA FIRST LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
EA FIRST LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
4,750
5,775
Tangible assets
4
162,385
185,186
167,135
190,961
Current assets
Stocks
71,500
46,400
Debtors
6
432,699
532,578
Investments
7
6,444
7,824
Cash at bank and in hand
176,100
282,276
686,743
869,078
Creditors: amounts falling due within one year
8
(993,559)
(753,668)
Net current (liabilities)/assets
(306,816)
115,410
Total assets less current liabilities
(139,681)
306,371
Creditors: amounts falling due after more than one year
9
(198,364)
(303,987)
Net (liabilities)/assets
(338,045)
2,384
Capital and reserves
Called up share capital
10
100
100
Profit and loss reserves
(338,145)
2,284
Total equity
(338,045)
2,384
EA FIRST LTD
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2024
30 September 2024
- 2 -

For the financial year ended 30 September 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 3 June 2025
Mr A D A McGarry
Director
Company registration number 11909737 (England and Wales)
EA FIRST LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information

EA First Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 6, Wellbrook Court, Girton, Cambridgeshire, England, CB3 0NA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The accounts are prepared on the going concern basis on the assumption that the company's creditors, in particular the company's bankers continue to provide financial support to the company.

1.2
Turnover

Turnover is measured at the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Intangible fixed assets other than goodwill

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Software
10% on cost
1.4
Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property
10% on cost
Fixtures and fittings
10% on cost
Computers
20% on cost
1.5
Stocks

Work in progress is valued at the lower of cost and net realisable value.

 

1.6
Taxation

Taxation for the year compromises of current and deferred tax. Tax is recognised in the Income Statement, except the extent that it relates to the items recognised in other comprehensive income or directly in equity.

Current tax

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.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

EA FIRST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 4 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.8

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit and loss on a straight line basis over the period of the lease.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
27
17
3
Intangible fixed assets
Other
£
Cost
At 1 October 2023 and 30 September 2024
10,500
Amortisation and impairment
At 1 October 2023
4,725
Amortisation charged for the year
1,025
At 30 September 2024
5,750
Carrying amount
At 30 September 2024
4,750
At 30 September 2023
5,775
EA FIRST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
4
Tangible fixed assets
Improvements to property
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 October 2023
215,259
3,258
46,663
265,180
Additions
827
4,862
1,277
6,966
At 30 September 2024
216,086
8,120
47,940
272,146
Depreciation and impairment
At 1 October 2023
46,235
2,685
31,074
79,994
Depreciation charged in the year
21,535
773
7,459
29,767
At 30 September 2024
67,770
3,458
38,533
109,761
Carrying amount
At 30 September 2024
148,316
4,662
9,407
162,385
At 30 September 2023
169,024
573
15,589
185,186
5
Financial instruments
2024
2023
£
£
Carrying amount of financial assets include:
Instruments measured at fair value through profit or loss
6,444
7,824
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
276,557
384,677
Other debtors
156,142
147,901
432,699
532,578
7
Current asset investments
2024
2023
£
£
Other investments
6,444
7,824
EA FIRST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 6 -
8
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
76,198
75,000
Trade creditors
68,742
43,035
Taxation and social security
409,425
358,185
Other creditors
439,194
277,448
993,559
753,668

Included within other creditors is a loan of £289,778 (2023: £183,682), which is secured by a fixed and floating charge over the assets of the company.

9
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
127,608
202,963
Other creditors
70,756
101,024
198,364
303,987
Creditors which fall due after five years are payable as follows:
Payable by instalments
-
15,809
10
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
11
Directors' transactions
Description
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Loan advanced
-
43,558
(37,355)
6,203
43,558
(37,355)
6,203
12
Other financial commitments

The total amount of commitments is £431,280 (2023:£485,190)

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