ETP Concepts Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03924669 (England and Wales)

Unaudited Financial Statements

for the Period 1 June 2020 to 30 April 2021

for

ETP Concepts Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Smith

SECRETARY:

Mrs J Smith

REGISTERED OFFICE:

First Floor,

The Estate Office

The Green, Lewes Road

Ringmer

East Sussex

BN8 5QE

REGISTERED NUMBER:

03924669 (England and Wales)

ACCOUNTANTS:

Caburn Accountants Limited

Chartered Certified Accountants

First Floor,

The Estate Office

The Green, Lewes Road

Ringmer

East Sussex

BN8 5QE

FIXED ASSETS

Tangible assets

4

2,462

1,668

CURRENT ASSETS

Debtors

5

38,329

17,331

Cash at bank and in hand

22,688

22,864

61,017

40,195

CREDITORS

Amounts falling due within one year

6

63,462

41,659

NET CURRENT LIABILITIES

(2,445

)

(1,464

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17

204

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

15

202

SHAREHOLDERS' FUNDS

17

204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 April 2022 and were signed by:

A Smith - Director

1.	STATUTORY INFORMATION

ETP Concepts Limited 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.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2020

11,264

Additions

2,138

At 30 April 2021

13,402

DEPRECIATION

At 1 June 2020

9,596

Charge for period

1,344

At 30 April 2021

10,940

NET BOOK VALUE

At 30 April 2021

2,462

At 31 May 2020

1,668

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

31.5.20

£

£

Trade debtors

5,800

10,080

Directors' loan accounts

32,529

7,251

38,329

17,331

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

31.5.20

£

£

Tax

26,937

14,172

Social security and other taxes

35,739

24,492

Accrued expenses

786

2,995

63,462

41,659

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 April 2021 and the year ended 31 May 2020:

30.4.21

31.5.20

£

£

A Smith

Balance outstanding at start of period

7,251

4,396

Amounts advanced

25,278

2,855

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

32,529

7,251