ERA MANAGEMENT LIMITED

ERA MANAGEMENT LIMITED

ERA MANAGEMENT LIMITED - Company Information

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ERA MANAGEMENT LIMITED

Company Registration Number:
03958379 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2020

Period of accounts

Start date: 1 April 2019

End date: 31 March 2020

ERA MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2020

Balance sheet
Additional notes
Balance sheet notes

ERA MANAGEMENT LIMITED

Balance sheet

As at 31 March 2020

Notes 2020 2019


£
£
Fixed assets
Tangible assets: 3 8,575 8,222
Total fixed assets: 8,575 8,222
Current assets
Debtors: 4 331,696 375,769
Cash at bank and in hand: 64,226 168,572
Total current assets: 395,922 544,341
Creditors: amounts falling due within one year: 5 ( 407,730 ) ( 502,806 )
Net current assets (liabilities): (11,808) 41,535
Total assets less current liabilities: (3,233) 49,757
Total net assets (liabilities): (3,233) 49,757
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (3,235 ) 49,755
Total Shareholders' funds: ( 3,233 ) 49,757

The notes form part of these financial statements

ERA MANAGEMENT LIMITED

Balance sheet statements

For the year ending 31 March 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 9 December 2020
and signed on behalf of the board by:

Name: Eva Dijkstra
Status: Director

The notes form part of these financial statements

ERA MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    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:Fittings fixtures and equipment - 25% reducing balanceIf there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

ERA MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

  • 2. Employees

    2020 2019
    Average number of employees during the period 8 5

ERA MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2019 31,156 31,156
Additions 3,211 3,211
Disposals
Revaluations
Transfers
At 31 March 2020 34,367 34,367
Depreciation
At 1 April 2019 22,934 22,934
Charge for year 2,858 2,858
On disposals
Other adjustments
At 31 March 2020 25,792 25,792
Net book value
At 31 March 2020 8,575 8,575
At 31 March 2019 8,222 8,222

ERA MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

4. Debtors

2020 2019
£ £
Trade debtors 242,002 372,299
Other debtors 89,694 3,470
Total 331,696 375,769

ERA MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

5. Creditors: amounts falling due within one year note

2020 2019
£ £
Trade creditors 313,637 407,702
Taxation and social security 25,485 19,951
Other creditors 68,608 75,153
Total 407,730 502,806

ERA MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

6. Loans to directors

Name of director receiving advance or credit: Eva Dijekstra
Description of the transaction:
During the year the director entered into the following advances and credits with the company:
£
Balance at 31 March 2019
Advances or credits made: 88,365
Advances or credits repaid: 671
Balance at 31 March 2020 87,694