M. A. Eastwood Limited 03513650 false 2024-06-01 2025-05-31 2025-05-31 The principal activity of the company is property development. Digita Accounts Production Advanced 6.30.9574.0 true 03513650 2024-06-01 2025-05-31 03513650 2025-05-31 03513650 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-05-31 03513650 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2025-05-31 03513650 core:CurrentFinancialInstruments 2025-05-31 03513650 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 03513650 core:Non-currentFinancialInstruments core:AfterOneYear 2025-05-31 03513650 core:FurnitureFittingsToolsEquipment 2025-05-31 03513650 core:MotorVehicles 2025-05-31 03513650 bus:SmallEntities 2024-06-01 2025-05-31 03513650 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 03513650 bus:FilletedAccounts 2024-06-01 2025-05-31 03513650 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 03513650 bus:RegisteredOffice 2024-06-01 2025-05-31 03513650 bus:Director1 2024-06-01 2025-05-31 03513650 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 03513650 core:FurnitureFittings 2024-06-01 2025-05-31 03513650 core:FurnitureFittingsToolsEquipment 2024-06-01 2025-05-31 03513650 core:MotorVehicles 2024-06-01 2025-05-31 03513650 core:OfficeEquipment 2024-06-01 2025-05-31 03513650 core:PlantMachinery 2024-06-01 2025-05-31 03513650 countries:EnglandWales 2024-06-01 2025-05-31 03513650 2024-05-31 03513650 core:FurnitureFittingsToolsEquipment 2024-05-31 03513650 core:MotorVehicles 2024-05-31 03513650 2023-06-01 2024-05-31 03513650 2024-05-31 03513650 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-05-31 03513650 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-05-31 03513650 core:CurrentFinancialInstruments 2024-05-31 03513650 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 03513650 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 03513650 core:FurnitureFittingsToolsEquipment 2024-05-31 03513650 core:MotorVehicles 2024-05-31 iso4217:GBP xbrli:pure

Registration number: 03513650

M. A. Eastwood Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

M. A. Eastwood Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 11

M. A. Eastwood Limited

Company Information

Director | MA Eastwood

Registered office | Victoria Court 91 Huddersfield Road Holmfirth West Yorkshire HD9 3JA

M. A. Eastwood Limited

(Registration number: 03513650)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 56,239 | 63,962
Investment property | 5 | 1,101,471 | 1,101,471
|  | 1,157,710 | 1,165,433
Current assets |  |  |
Stocks | 6 | 254,725 | 146,624
Debtors | 7 | 18,373 | 37,198
Cash at bank and in hand |  | 109,790 | 100,971
|  | 382,888 | 284,793
Creditors: Amounts falling due within one year | 8 | (294,454) | (149,466)
Net current assets |  | 88,434 | 135,327
Total assets less current liabilities |  | 1,246,144 | 1,300,760
Creditors: Amounts falling due after more than one year | 8 | (29,901) | (35,658)
Provisions for liabilities |  | (10,686) | (12,153)
Net assets |  | 1,205,557 | 1,252,949
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 1,205,457 | 1,252,849
Shareholders' funds |  | 1,205,557 | 1,252,949

For the financial year ending 31 May 2025 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 20 February 2026

M. A. Eastwood Limited

(Registration number: 03513650)
Balance Sheet as at 31 May 2025

......................................... MA Eastwood Director

M. A. Eastwood Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

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

The address of its registered office is:
Victoria Court
91 Huddersfield Road
Holmfirth
West Yorkshire
HD9 3JA
England

These financial statements were authorised for issue by the director on 20 February 2026.

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.

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 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.

M. A. Eastwood Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

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 | 25% on reducing balance
Fixtures and fittings | 10% on reducing balance
Motor vehicles | 25% on reducing balance
Office equipment | 25% on reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

M. A. Eastwood Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

M. A. Eastwood Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

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 (2024 - 3).

M. A. Eastwood Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 June 2024 | 129,145 | 67,723 | 196,868
At 31 May 2025 | 129,145 | 67,723 | 196,868
Depreciation
At 1 June 2024 | 119,532 | 13,374 | 132,906
Charge for the year | 2,062 | 5,661 | 7,723
At 31 May 2025 | 121,594 | 19,035 | 140,629
Carrying amount
At 31 May 2025 | 7,551 | 48,688 | 56,239
At 31 May 2024 | 9,613 | 54,349 | 63,962

M. A. Eastwood Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

5 | Investment properties

| 2025 £
At 1 June | 1,101,471
At 31 May | 1,101,471

There has been no valuation of investment property by an independent valuer.

6 | Stocks

| 2025 £ | 2024 £
Work in progress | 254,725 | 146,624

7 | Debtors

| 2025 £ | 2024 £
Other debtors | 18,373 | 37,198
| 18,373 | 37,198

M. A. Eastwood Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 5,758 | 5,758
Trade creditors |  | 45,787 | 12,513
Taxation and social security |  | 20,814 | 19,798
Accruals and deferred income |  | 6,200 | 6,635
Other creditors |  | 215,895 | 104,762
|  | 294,454 | 149,466

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 29,901 | 35,658

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 29,901 | 35,658

Current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 5,758 | 5,758

10 | Related party transactions

M. A. Eastwood Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Director's remuneration

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

| 2025 £ | 2024 £
Remuneration | 9,096 | 9,096