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Registered number: 13676401
Etch Associates Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13676401
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 65,639 34,889
65,639 34,889
CURRENT ASSETS
Debtors 5 611,189 438,184
Cash at bank and in hand 545,203 378,293
1,156,392 816,477
Creditors: Amounts Falling Due Within One Year 6 (389,598 ) (394,098 )
NET CURRENT ASSETS (LIABILITIES) 766,794 422,379
TOTAL ASSETS LESS CURRENT LIABILITIES 832,433 457,268
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,410 ) (9,245 )
NET ASSETS 816,023 448,023
CAPITAL AND RESERVES
Called up share capital 7 180 180
Profit and Loss Account 815,843 447,843
SHAREHOLDERS' FUNDS 816,023 448,023
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For the year ending 31 October 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 D Behan
Director
Mr D Harris
Director
Mr R Turner
Director
25 June 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Etch Associates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13676401 . The registered office is 2 The Old Estate Yard High Street, East Hendred, Wantage, Oxfordshire, OX12 8JY.
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 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 is reduced for estimated customer returns, rebates and other similar allowances.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Fixtures & Fittings 25% Straight line
Computer Equipment 25% Straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2023: 11)
21 11
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 9,080 34,632 43,712
Additions 19,678 27,651 47,329
As at 31 October 2024 28,758 62,283 91,041
Depreciation
As at 1 November 2023 1,719 7,104 8,823
Provided during the period 4,345 12,234 16,579
As at 31 October 2024 6,064 19,338 25,402
Net Book Value
As at 31 October 2024 22,694 42,945 65,639
As at 1 November 2023 7,361 27,528 34,889
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 476,410 367,924
Prepayments and accrued income 115,258 62,635
Other debtors 19,521 7,625
611,189 438,184
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 138,267 60,783
Corporation tax 63,083 143,232
Other taxes and social security 38,789 19,200
VAT 100,611 82,946
Other creditors 2,369 651
Accruals and deferred income 46,479 87,286
389,598 394,098
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 180 180
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8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 85,490 16,000
Later than one year and not later than five years 244,395 62,000
329,885 78,000
From the balance sheet date, the entity has contracts in place for the rental of two premises for: 
4 years that includes a break clause in 1 year and 6 months.
4 years that includes a break clause in 2 years.
From the balance sheet date, the entity has a contract in place for the rental of vehicles for 29 months
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