Earlsmann Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

1,050,909

1,055,208

Investments

5

-

5,232

1,050,909

1,060,440

CURRENT ASSETS

Stocks

10,000

20,000

Debtors

6

129,509

234,261

Cash at bank and in hand

42,980

86,737

182,489

340,998

CREDITORS

Amounts falling due within one year

7

337,353

312,000

NET CURRENT (LIABILITIES)/ASSETS

(154,864

)

28,998

TOTAL ASSETS LESS CURRENT LIABILITIES

896,045

1,089,438

PROVISIONS FOR LIABILITIES

3,244

4,061

NET ASSETS

892,801

1,085,377

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

892,781

1,085,357

892,801

1,085,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2025 and were signed on its behalf by:

A Thornton - Director

1.	STATUTORY INFORMATION

Earlsmann Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05750636

Registered office:

21 Angel Hill

Tiverton

Devon

EX16 6PE

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

1,033,834

172,120

1,205,954

DEPRECIATION

At 1 January 2024

-

150,746

150,746

Charge for year

-

4,299

4,299

At 31 December 2024

-

155,045

155,045

NET BOOK VALUE

At 31 December 2024

1,033,834

17,075

1,050,909

At 31 December 2023

1,033,834

21,374

1,055,208

5.	FIXED ASSET INVESTMENTS

Other

loans

£

At 1 January 2024

5,232

Other movement

(5,232

)

At 31 December 2024

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1,312

8,080

Other debtors

128,197

226,181

129,509

234,261

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Payments on account

27,584

-

Trade creditors

44,034

44,287

Taxation and social security

608

34,999

Other creditors

265,127

232,714

337,353

312,000