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Registration number: 14463772

Easton Engineering Solutions Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2024

 

Easton Engineering Solutions Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 13

iXBRL Detailed Profit and Loss Account

14

 

Easton Engineering Solutions Limited

Company Information

Director

Paul Easton

Company secretary

Mrs Beverley Easton

Registered office

Stockton Business Centre
Unit 123
70-74 Brunswick Street
Stockton on Tees
TS18 1DW

Accountants

Barkess & Co
Chartered Accountants
Stockton Business Centre
70-74 Brunswick Street
Stockton on Tees
TS18 1DW

 

Easton Engineering Solutions Limited

Director's Report for the Year Ended 30 November 2024

The director presents his report and the financial statements for the year ended 30 November 2024.

Director of the company

The director who held office during the year was as follows:

Paul Easton

Principal activity

The principal activity of the company is plant and equipment maintenance

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 1 August 2025
 

.........................................
Paul Easton
Director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Easton Engineering Solutions Limited
for the Year Ended 30 November 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Easton Engineering Solutions Limited for the year ended 30 November 2024 as set out on pages 4 to 13 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 at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Easton Engineering Solutions Limited, as a body, in accordance with the terms of our engagement letter dated 8 February 2023. Our work has been undertaken solely to prepare for your approval the accounts of Easton Engineering Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Easton Engineering Solutions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Easton Engineering Solutions Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Easton Engineering Solutions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Easton Engineering Solutions Limited. You consider that Easton Engineering Solutions 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 accounts of Easton Engineering Solutions 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 accounts.

......................................

Barkess & Co
Chartered Accountants
Stockton Business Centre
70-74 Brunswick Street
Stockton on Tees
TS18 1DW

1 August 2025

 

Easton Engineering Solutions Limited

Profit and Loss Account for the Year Ended 30 November 2024

Note

2024
£

2023
£

Turnover

 

97,520

95,980

Cost of sales

 

(14,774)

(110)

Gross profit

 

82,746

95,870

Administrative expenses

 

(31,442)

(35,881)

Operating profit

 

51,304

59,989

Profit before tax

4

51,304

59,989

Tax on profit

 

(9,864)

(11,646)

Profit for the financial year

 

41,440

48,343

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Easton Engineering Solutions Limited

Statement of Comprehensive Income for the Year Ended 30 November 2024

2024
£

2023
£

Profit for the year

41,440

48,343

Total comprehensive income for the year

41,440

48,343

 

Easton Engineering Solutions Limited

(Registration number: 14463772)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

1,070

1,511

Current assets

 

Debtors

6

12,115

2,747

Cash at bank and in hand

 

29,610

23,238

 

41,725

25,985

Creditors: Amounts falling due within one year

7

(15,554)

(16,596)

Net current assets

 

26,171

9,389

Total assets less current liabilities

 

27,241

10,900

Provisions for liabilities

(203)

(302)

Net assets

 

27,038

10,598

Capital and reserves

 

Called up share capital

8

5

5

Retained earnings

27,033

10,593

Shareholders' funds

 

27,038

10,598

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 1 August 2025
 

.........................................
Paul Easton
Director

 

Easton Engineering Solutions Limited

Statement of Changes in Equity for the Year Ended 30 November 2024

Share capital
£

Retained earnings
£

Total
£

At 1 December 2023

5

10,593

10,598

Profit for the year

-

41,440

41,440

Dividends

-

(25,000)

(25,000)

At 30 November 2024

5

27,033

27,038

Share capital
£

Retained earnings
£

Total
£

Profit for the year

-

48,343

48,343

Dividends

-

(37,750)

(37,750)

New share capital subscribed

5

-

5

At 30 November 2023

5

10,593

10,598

 

Easton Engineering Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Stockton Business Centre
Unit 123
70-74 Brunswick Street
Stockton on Tees
TS18 1DW
England

These financial statements were authorised for issue by the director on 1 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Easton Engineering Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

4 year straight line

Furniture and fittings

4 year straight line

Office equipment

4 year straight line

Computer equipment

4 year straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Easton Engineering Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

524

504

 

Easton Engineering Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2023

2,015

2,015

Additions

83

83

At 30 November 2024

2,098

2,098

Depreciation

At 1 December 2023

504

504

Charge for the year

524

524

At 30 November 2024

1,028

1,028

Carrying amount

At 30 November 2024

1,070

1,070

At 30 November 2023

1,511

1,511

6

Debtors

Current

2024
£

2023
£

Trade debtors

2,218

2,304

Prepayments

467

443

Other debtors

9,430

-

 

12,115

2,747

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

14,694

15,963

Accruals and deferred income

860

602

Other creditors

-

31

15,554

16,596

 

Easton Engineering Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

5

5

5

5

       

9

Dividends

2024

2023

£

£

Interim dividend of £5,000.00 (2023 - £7,550.00) per ordinary share

25,000

37,750

 

 

10

Related party transactions

Transactions with the director

2024

At 1 December 2023
£

Advances to director
£

Repayments by director
£

At 30 November 2024
£

Paul Easton

-

34,431

(25,000)

9,431

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

12,570

11,880

Dividends paid to the director

 

Easton Engineering Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

2024
£

2023
£

Paul Easton

Interim dividend

15,000

23,150

 

 

 

Easton Engineering Solutions Limited

iXBRL Detailed Profit and Loss Account for the Year Ended 30 November 2024

2024
£

2023
£

Turnover/revenue

97,520

95,980

Cost of sales

Opening stock/inventories

-

-

Purchase of raw materials and consumables

(14,774)

(110)

Closing stock/inventories

-

-

Gross profit

82,746

95,870

Distribution costs

Administrative expenses

Audit and accountancy other services

(3,442)

(3,612)

Other repairs and maintenance costs

-

(314)

Depreciation of fixed assets

(524)

(504)

Wages and salaries excluding directors

(12,570)

(17,480)

Social security costs excluding directors

(814)

(320)

Staff costs excluding directors

(13,384)

(17,800)

Salaries and fees, directors

(12,570)

(11,880)

Social security costs, directors

(144)

-

Staff costs, directors

(12,714)

(11,880)

Training

-

(280)

Bank charges

(1)

-

Insurance costs

(486)

(476)

IT and computing

-

(36)

Telecommunications

(550)

(607)

Subscriptions

-

(42)

Other costs

(341)

(330)

Other operating income

Other items

Profit on ordinary activities before taxation

51,304

59,989

Tax on profit or loss on ordinary activities

(9,864)

(11,646)

Profit for the financial year

41,440

48,343