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COMPANY REGISTRATION NUMBER: 15015752
Eastways Holdings Limited
Filleted Unaudited Financial Statements
30 April 2025
Eastways Holdings Limited
Financial Statements
Year ended 30 April 2025
Contents
Page
Officers and professional advisers
1
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
Eastways Holdings Limited
Officers and Professional Advisers
The board of directors
Mr J D Smithyes
Mr M S Smith
Mr L P Callander
Registered office
Eastways
Eastways Industrial Estate
Witham
Essex
CM8 3YQ
Accountants
Edmund Carr LLP
Chartered accountants
146 New London Road
Chelmsford
Essex
CM2 0AW
Eastways Holdings Limited
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Eastways Holdings Limited
Year ended 30 April 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eastways Holdings Limited for the year ended 30 April 2025, which comprise the statement of financial position 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 at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Eastways Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 18 November 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Eastways Holdings Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eastways Holdings Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Eastways Holdings 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 profit of Eastways Holdings Limited. You consider that Eastways Holdings 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 Eastways Holdings 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.
Edmund Carr LLP Chartered accountants
146 New London Road Chelmsford Essex CM2 0AW
27 August 2025
Eastways Holdings Limited
Statement of Financial Position
30 April 2025
2025
2024
Note
£
£
£
£
Fixed assets
Tangible assets
5
549,807
412,145
Investments
6
300
---------
---------
550,107
412,145
Current assets
Debtors
7
325,692
181,683
Cash at bank and in hand
33,151
112,577
---------
---------
358,843
294,260
Creditors: amounts falling due within one year
8
409,400
612,716
---------
---------
Net current liabilities
50,557
318,456
---------
---------
Total assets less current liabilities
499,550
93,689
Creditors: amounts falling due after more than one year
9
396,229
110,930
Provisions
21,118
---------
---------
Net assets/(liabilities)
82,203
( 17,241)
---------
---------
Capital and reserves
Called up share capital
10
100
100
Share premium account
49,990
Profit and loss account
32,113
( 17,341)
--------
--------
Shareholders funds/(deficit)
82,203
( 17,241)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Eastways Holdings Limited
Statement of Financial Position (continued)
30 April 2025
These financial statements were approved by the board of directors and authorised for issue on 27 August 2025 , and are signed on behalf of the board by:
Mr J D Smithyes
Director
Company registration number: 15015752
Eastways Holdings Limited
Notes to the Financial Statements
Year ended 30 April 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Eastways, Eastways Industrial Estate, Witham, Essex, CM8 3YQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The director believes that the company has sufficient resources and support to continue trading for the next 12 months from the date of signing these accounts.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property improvements
-
6.66% to 10% reducing balance
Plant and machinery
-
10% reducing balance
Equipment
-
33% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
5. Tangible assets
Leasehold property improvements
Plant and machinery
Equipment
Total
£
£
£
£
Cost
At 1 May 2024
196,656
206,012
30,733
433,401
Additions
64,277
88,739
51,870
204,886
---------
---------
--------
---------
At 30 April 2025
260,933
294,751
82,603
638,287
---------
---------
--------
---------
Depreciation
At 1 May 2024
9,051
8,083
4,122
21,256
Charge for the year
21,272
25,197
20,755
67,224
---------
---------
--------
---------
At 30 April 2025
30,323
33,280
24,877
88,480
---------
---------
--------
---------
Carrying amount
At 30 April 2025
230,610
261,471
57,726
549,807
---------
---------
--------
---------
At 30 April 2024
187,605
197,929
26,611
412,145
---------
---------
--------
---------
6. Investments
Shares in group undertakings
£
Cost
At 1 May 2024
Additions
300
----
At 30 April 2025
300
----
Impairment
At 1 May 2024 and 30 April 2025
----
Carrying amount
At 30 April 2025
300
----
At 30 April 2024
----
7. Debtors
2025
2024
£
£
Amounts owed by related undertakings
181,415
19,901
Other debtors
144,277
161,782
---------
---------
325,692
181,683
---------
---------
8. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
53,371
53,371
Trade creditors
191,882
278,368
Amounts owed to group undertakings
120,739
Accruals and deferred income
2,000
2,016
Social security and other taxes
13,910
10,479
Director loan accounts
249,900
Other creditors
27,498
18,582
---------
---------
409,400
612,716
---------
---------
9. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
76,319
110,930
Director loan accounts
249,924
Other creditors
69,986
---------
---------
396,229
110,930
---------
---------
10. Called up share capital
Issued, called up and fully paid
2025
2024
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
11. Related party transactions
At the year end, the company owed directors £ 249,924 by way of directors' loan accounts (2024: £ 249,900 ). This is included within creditors. The company has taken advantage of the exemption granted under FRS 102 section 33.1A not to disclose transactions with wholly owned group companies.