Egt Development Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02639861 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2024

FOR

EGT DEVELOPMENT SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Stephen Bernard Murphy

Mrs Jennifer Anne Murphy

Mrs Rachel Louise Withers

Mrs Helena Claire Burns

SECRETARY:

Mrs Rachel Louise Withers

REGISTERED OFFICE:

5-7 Mill Fold

Mill Ford Way

Sowerby Bridge

West Yorkshire

HX6 4DJ

REGISTERED NUMBER:

02639861 (England and Wales)

ACCOUNTANTS:

Fortus Limited

3 Park Square East

Leeds

LS1 2NE

FIXED ASSETS

Tangible assets

3

-

2,533

Investments

4

-

50

Investment property

5

71,265

73,848

CURRENT ASSETS

Debtors

6

844,526

465,534

Prepayments and accrued income

360

4,843

Cash at bank

20,300

38,353

865,186

508,730

CREDITORS

Amounts falling due within one year

7

286,252

155,021

NET CURRENT ASSETS

578,934

353,709

TOTAL ASSETS LESS CURRENT LIABILITIES

650,199

427,557

CREDITORS

Amounts falling due after more than one
year

8

5,667

18,439

NET ASSETS

644,532

409,118

CAPITAL AND RESERVES

Called up share capital

500

Retained earnings

644,032

408,618

SHAREHOLDERS' FUNDS

644,532

409,118

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

The members have not required the company to obtain an audit of its financial statements for the period 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 22 December 2025 and were signed on its behalf by:

Mrs Helena Claire Burns - Director

1.	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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Egt Development Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is derived of service charges and rental income, net of value added tax.

Service charges are recognised when the service is provided to the customer.

Rental income is recognised on an accruals basis.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the period 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 period 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.

Change in accounting period

The period covered by these financial statements is an extension of the previous accounting period, as the company's accounting year end was changed from 30th June 2024 to

31st December 2024, resulting in a reporting period of 18 months. Accordingly, the financial results of this extended period are not directly comparable to the prior year.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2023 - 4 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

COST

At 1 July 2023

and 31 December 2024

31,999

49,792

81,791

DEPRECIATION

At 1 July 2023

31,999

47,259

79,258

Charge for period

-

2,533

At 31 December 2024

31,999

49,792

81,791

NET BOOK VALUE

At 31 December 2024

-

At 30 June 2023

-

2,533

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2023

50

Disposals

(50

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 30 June 2023

50

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2023

and 31 December 2024

71,265

NET BOOK VALUE

At 31 December 2024

71,265

At 30 June 2023

71,265

The fair value of the investment properties has been arrived at on the basis of a valuation carried out at 31 December 2024 by the directors of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

6.

DEBTORS

2024

2023

£

Amounts falling due within one year:

Trade debtors

906

12,288

Tax recoverable

167,536

69,018

Sundry debtors

3,250

3,300

Directors' current accounts

498,394

206,488

670,086

291,094

Amounts falling due after more than one year:

Amounts owed by related

undertaking

174,440

Aggregate amounts

844,526

465,534

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

923

2,851

Taxation and social security

273,179

136,740

Loan creditor

10,000

11,213

Accrued expenses

2,150

4,217

286,252

155,021

The loan creditor represents a loan under HM Government Coronavirus Business Bounce Back Loan Scheme.The loan creditor carries an interest rate of 2.5% per annum and it is repayable in accordance with the rules of the scheme.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Loan creditor

5,667

18,439

The loan creditor represents a loan under HM Government Coronavirus Business Bounce Back Loan Scheme.The loan creditor carries an interest rate of 2.5% per annum and it is repayable in accordance with the rules of the scheme.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company has provided loans to its directors during the year. These transactions are unsecured and repayable on demand. Interest has been charged on these loans of 2.25% per annum.

During the year the company advanced funds to the directors totalling £385,738 (2023: £196,944). Repayments made by the directors to the company during the year amounted to £93,831 (2023:£97,408).

At the reporting date, the net amount due from the directors was £498,394 (2023: £206,488).

10.	RELATED PARTY DISCLOSURES

At the year end the company was owed an amount of £174,440 (2023: £174,440) by AQH Micklegate (2015) Limited, a company of which S B Murphy is a director and shareholder.