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REGISTERED NUMBER: 00842618 (England and Wales)








Audited Financial Statements

for the Year Ended

31 July 2024

for

Easiflo Fabrications Limited

Easiflo Fabrications Limited (Registered number: 00842618)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Easiflo Fabrications Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: R Nicholls
Mrs K A Nicholls





REGISTERED OFFICE: Unit G
Brockmoor Park Industrial Estate
Moor Street
Brierley Hill
West Midlands
DY5 3TG





REGISTERED NUMBER: 00842618 (England and Wales)





AUDITORS: DJH Audit Limited
Statutory Auditors
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Easiflo Fabrications Limited (Registered number: 00842618)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,688 16,917

CURRENT ASSETS
Stocks 20,196 18,447
Debtors 5 301,795 237,154
Cash at bank and in hand 417,465 419,114
739,456 674,715
CREDITORS
Amounts falling due within one year 6 213,309 197,456
NET CURRENT ASSETS 526,147 477,259
TOTAL ASSETS LESS CURRENT
LIABILITIES

538,835

494,176

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 488,835 444,176
SHAREHOLDERS' FUNDS 538,835 494,176

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:





Mrs K A Nicholls - Director


Easiflo Fabrications Limited (Registered number: 00842618)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Easiflo Fabrications 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.

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 cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

Easiflo Fabrications Limited (Registered number: 00842618)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2023 131,540 3,261 68,823 203,624
Disposals (1,993 ) - - (1,993 )
At 31 July 2024 129,547 3,261 68,823 201,631
DEPRECIATION
At 1 August 2023 115,556 2,328 68,823 186,707
Charge for year 3,996 233 - 4,229
Eliminated on disposal (1,993 ) - - (1,993 )
At 31 July 2024 117,559 2,561 68,823 188,943
NET BOOK VALUE
At 31 July 2024 11,988 700 - 12,688
At 31 July 2023 15,984 933 - 16,917

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 127,286 69,924
Amounts owed by group undertakings 149,151 145,783
Other debtors 25,358 21,447
301,795 237,154

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 117,663 142,447
Taxation and social security 21,823 19,823
Other creditors 73,823 35,186
213,309 197,456

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Howell FCA (Senior Statutory Auditor)
for and on behalf of DJH Audit Limited

8. OTHER FINANCIAL COMMITMENTS

The total amount of commitments, guarantees and contingencies at the end of the year was £54,006 (2023: £167,715) representing guarantees given in respect of parent or fellow subsidiary undertakings.

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Easiflo Fabrications Limited (Registered number: 00842618)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

10. ULTIMATE CONTROLLING PARTY

The parent undertaking of the smallest group within which the company belongs and for which group financial statements are prepared is Easiflo Investments Limited whose registered office is at the same address as that of the company.