E A Design Solutions Ltd - Accounts to registrar (filleted) - small 18.2

E A Design Solutions Ltd - Accounts to registrar (filleted) - small 18.2

E A DESIGN SOLUTIONS LTD - Company Information

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E A DESIGN SOLUTIONS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2020





E A DESIGN SOLUTIONS LTD (REGISTERED NUMBER: 05728406)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

E A DESIGN SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2020







DIRECTORS: C W Gibson
L D Wilson





SECRETARY: Mrs D L Gibson





REGISTERED OFFICE: Unit 24
106a Bedford Road
Wootton
Bedfordshire
MK43 9JB





REGISTERED NUMBER: 05728406 (England and Wales)





ACCOUNTANTS: Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN
Page 1
E A DESIGN SOLUTIONS LTD (REGISTERED NUMBER: 05728406)

BALANCE SHEET
31ST MARCH 2020

31/3/20 31/3/19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,015 601

CURRENT ASSETS
Debtors 5 16,823 41,203
Cash at bank 54,225 51,542
71,048 92,745
CREDITORS
Amounts falling due within one year 6 15,120 14,863
NET CURRENT ASSETS 55,928 77,882
TOTAL ASSETS LESS CURRENT
LIABILITIES
67,943
78,483

CREDITORS
Amounts falling due after more than one year 7 (9,080 ) -

PROVISIONS FOR LIABILITIES (291 ) -
NET ASSETS 58,572 78,483

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 58,472 78,383
58,572 78,483

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2020 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 notes form part of these financial statements

Page 2 continued...
E A DESIGN SOLUTIONS LTD (REGISTERED NUMBER: 05728406)

BALANCE SHEET - continued
31ST MARCH 2020


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 6th July 2020 and were signed
on its behalf by:





C W Gibson - Director


The notes form part of these financial statements

Page 3
E A DESIGN SOLUTIONS LTD (REGISTERED NUMBER: 05728406)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2020

1. STATUTORY INFORMATION

E A Design Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on reducing balance
Computer & office equipment - 33% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are
depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of
the future payments is treated as a liability.

Page 4 continued...
E A DESIGN SOLUTIONS LTD (REGISTERED NUMBER: 05728406)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2020

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2019 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures Computer
and & office
fittings equipment Totals
£    £    £   
COST
At 1st April 2019 2,001 9,746 11,747
Additions 1,400 12,000 13,400
At 31st March 2020 3,401 21,746 25,147
DEPRECIATION
At 1st April 2019 1,496 9,650 11,146
Charge for year 373 1,613 1,986
At 31st March 2020 1,869 11,263 13,132
NET BOOK VALUE
At 31st March 2020 1,532 10,483 12,015
At 31st March 2019 505 96 601

The net book value of tangible fixed assets includes £ 10,483 in respect of assets held under finance leases.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/20 31/3/19
£    £   
Trade debtors 3,060 28,299
Amounts recoverable on contract 13,300 11,100
VAT 86 -
Prepayments 377 1,804
16,823 41,203

Page 5 continued...
E A DESIGN SOLUTIONS LTD (REGISTERED NUMBER: 05728406)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2020

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/20 31/3/19
£    £   
Finance leases 1,555 -
Trade creditors 6,933 8,044
Corporation tax 2,975 -
Social security and other taxes 2,832 5,789
VAT - 215
Other creditors - 11
Directors' current accounts 71 71
Accrued expenses 754 733
15,120 14,863

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/20 31/3/19
£    £   
Finance leases 9,080 -

8. SECURED DEBTS

The following secured debts are included within creditors:

31/3/20 31/3/19
£    £   
Finance leases 10,635 -

9. OTHER FINANCIAL COMMITMENTS

At the balance sheet date, the Company had a minimum of other financial commitments under operating leases of
£20,400 (2019 £nil).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C W Gibson.

Page 6
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
E A DESIGN SOLUTIONS LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a
Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of E A Design Solutions Ltd for the year ended 31st March 2020 which comprise the Income Statement, Balance
Sheet, Statement of Changes in Equity 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of E A Design Solutions Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of E A Design Solutions Ltd and state those matters that we have agreed to state to the Board of Directors of E A Design Solutions Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than E A Design Solutions Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that E A Design Solutions Ltd 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 E A Design Solutions Ltd. You consider that E A Design Solutions Ltd 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 E A Design Solutions Ltd. 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.






Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


7th July 2020

This page does not form part of the statutory financial statements

Page 7