Eastmills Limited Filleted accounts for Companies House (small and micro)

Eastmills Limited

Unaudited financial statements

31 March 2026

Company Registration Number 04642182

Eastmills Limited

Financial statements

year ended 31 March 2026

Contents	Pages

Balance sheet	1 to 2

Notes to the financial statements	3 to 6

Eastmills Limited

Balance sheet

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Intangible assets	5	58,500	–
Tangible assets	6	6,274	7,352
		--------	-------
		64,774	7,352

Current assets

Debtors	7	25,150	12,757
Cash at bank and in hand		171,036	153,168
		---------	---------
		196,186	165,925

Creditors: amounts falling due within one year	8	( 144,799)		( 96,184)
		---------		---------
Net current assets			51,387	69,741
			---------	--------
Total assets less current liabilities			116,161	77,093

Creditors: amounts falling due after more than one year	9		–	( 2,500)

Provisions	( 1,663)	( 1,273)
	---------	--------
Net assets	114,498	73,320
	---------	--------

Eastmills Limited

Balance sheet (continued)

31 March 2026

	2026		2025
Note	£	£	£

Capital and reserves

Called up share capital	750	75
Capital redemption reserve	–	25
Profit and loss account	113,748	73,220
	---------	--------
Shareholders funds	114,498	73,320
	---------	--------

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 profit and loss account has not been delivered.

For the year ending 31 March 2026 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 .

These financial statements were approved by the board of directors and authorised for issue on 15 May 2026 , and are signed on behalf of the board by:

Mr R Lunn

Director

Company registration number: 04642182

Eastmills Limited

Notes to the financial statements

year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is MCF Complex, 60 New Road, Kidderminster, Worcestershire.

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

3.1 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.

3.2 Revenue recognition

Turnover represents the total net value of commissions less premiums made during the year. This is exempt of value added tax.

3.3 Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions: deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on a discounted/an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date .

3.4 Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

3.5 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

3.6 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:

Fixtures and fittings	-	15% reducing balance
IT Equipment	-	20% straight line

3.7 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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units .

3.8 Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2025: 8 ).

5. Intangible assets

	Goodwill
	£

Cost
At 1 April 2025	200,000
Additions	–
Acquisitions through business combinations	65,000
	---------
At 31 March 2026	265,000
	---------
Amortisation
At 1 April 2025	200,000
Charge for the year	6,500
	---------
At 31 March 2026	206,500
	---------
Carrying amount
At 31 March 2026	58,500
	---------
At 31 March 2025	–
	---------

6. Tangible assets

Fixtures and fittings	IT Equipment	Total
£	£	£

Cost
At 1 April 2025	4,048	12,931	16,979
Additions	732	588	1,320
Disposals	( 1,200)	( 2,316)	( 3,516)
	-------	--------	--------
At 31 March 2026	3,580	11,203	14,783
	-------	--------	--------
Depreciation
At 1 April 2025	3,013	6,614	9,627
Charge for the year	227	1,816	2,043
Disposals	( 845)	( 2,316)	( 3,161)
	-------	--------	--------
At 31 March 2026	2,395	6,114	8,509
	-------	--------	--------
Carrying amount
At 31 March 2026	1,185	5,089	6,274
	-------	--------	--------
At 31 March 2025	1,035	6,317	7,352
	-------	--------	--------

7. Debtors

	2026	2025
	£	£

Other debtors	25,150	12,757
	--------	--------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£

Bank loans and overdrafts	–	10,000
Trade creditors	34,047	252
Corporation tax	47,700	31,679
Social security and other taxes	6,451	5,256
Other creditors	56,601	48,997
	---------	--------
	144,799	96,184
	---------	--------

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£

Bank loans and overdrafts	–	2,500
	----	-------

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£

Not later than 1 year	6,275	4,620
Later than 1 year and not later than 5 years	874	–
	-------	-------
	7,149	4,620
	-------	-------