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REGISTERED NUMBER: 04307538 (England and Wales)














Unaudited Financial Statements for the Year Ended 30 April 2024

for


Earth Direct Limited


Earth Direct Limited (Registered number: 04307538)







Contents of the Financial Statements

for the Year Ended 30 April 2024





Page



Company Information  

1



Chartered Accountants' Report  

2



Balance Sheet  

3



Notes to the Financial Statements  

5




Earth Direct Limited


Company Information

for the Year Ended 30 April 2024









DIRECTOR:

N J Millward







SECRETARY:

C M Millward







REGISTERED OFFICE:

188 Cannock Road


Westcroft


Wolverhampton


West Midlands


WV10 8QP







REGISTERED NUMBER:

04307538 (England and Wales)







ACCOUNTANTS:

Wilkes Tranter & Co Limited


Brook House


Moss Grove


Kingswinford


West Midlands


DY6 9HS


Chartered Accountants' Report to the Director

on the Unaudited Financial Statements of

Earth Direct Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Director's Report are not required to be filed with the Registrar of Companies.


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Earth Direct Limited for the year ended 30 April 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.


As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.  


This report is made solely to the director of Earth Direct Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Earth Direct Limited and state those matters that we have agreed to state to the director of Earth Direct Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Earth Direct Limited and its director for our work or for this report.      


It is your duty to ensure that Earth Direct Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Earth Direct Limited. You consider that Earth Direct Limited is exempt from the statutory audit requirement for the year.    


We have not been instructed to carry out an audit or a review of the financial statements of Earth Direct Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.    







Wilkes Tranter & Co Limited

Brook House

Moss Grove

Kingswinford

West Midlands

DY6 9HS



28 July 2025


Earth Direct Limited (Registered number: 04307538)


Balance Sheet

30 April 2024



2024


2023


Notes

£   

£   


FIXED ASSETS

Tangible assets

4

-


34,531




CURRENT ASSETS

Stocks

-


1,000



Debtors

5

201,882


209,060



Cash at bank

32,536


105,277



234,418


315,337



CREDITORS

Amounts falling due within one year

6

(8,197

)

(23,826

)


NET CURRENT ASSETS

226,221


291,511



TOTAL ASSETS LESS CURRENT

LIABILITIES

226,221


326,042




CAPITAL AND RESERVES

Called up share capital

1


1



Retained earnings

226,220


326,041



226,221


326,042




Earth Direct Limited (Registered number: 04307538)


Balance Sheet - continued

30 April 2024



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


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

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 July 2025 and were signed by:






N J Millward - Executor of Estate



Earth Direct Limited (Registered number: 04307538)


Notes to the Financial Statements

for the Year Ended 30 April 2024


1.

STATUTORY INFORMATION



Earth Direct 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.  


Freehold property

-

25% on reducing balance


Plant and machinery

-

25% on reducing balance


Fixtures and fittings

-

25% on reducing balance


Motor vehicles

-

25% on reducing balance



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 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.


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.

Earth Direct Limited (Registered number: 04307538)


Notes to the Financial Statements - continued

for the Year Ended 30 April 2024


2.

ACCOUNTING POLICIES - continued



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.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 5 (2023 - 6 ) .


4.

TANGIBLE FIXED ASSETS


Fixtures



Freehold


Plant and


and


Motor



property


machinery


fittings


vehicles


Totals

£   

£   

£   

£   

£   



COST


At 1 May 2023

39,290


75,834


14,869


113,394


243,387




Additions

-


-


632


19,198


19,830




Disposals

(39,290

)

(75,834

)

(15,501

)

(132,592

)

(263,217

)



At 30 April 2024

-


-


-


-


-




DEPRECIATION


At 1 May 2023

39,290


66,816


10,048


92,702


208,856




Eliminated on disposal

(39,290

)

(66,816

)

(10,048

)

(92,702

)

(208,856

)



At 30 April 2024

-


-


-


-


-




NET BOOK VALUE


At 30 April 2024

-


-


-


-


-




At 30 April 2023

-


9,018


4,821


20,692


34,531




5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Trade debtors

-


153,669




Other debtors

201,882


55,391



201,882


209,060




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Bank loans and overdrafts

-


(936

)



Trade creditors

-


10,003




Taxation and social security

4,242


7,187




Other creditors

3,955


7,572



8,197


23,826




Earth Direct Limited (Registered number: 04307538)


Notes to the Financial Statements - continued

for the Year Ended 30 April 2024


7.

RELATED PARTY DISCLOSURES



During the year the company made a loan to the director, J Millward. The loan was unsecured and repayable on demand. The maximum amount outstanding during the year was £97,666. Interest was charged at the official rate of interest. The amount outstanding at 30 April 2024 was £97,666 (2023 - £30,510).