E-Tech Solutions (Lincs) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08340968 (England and Wales)

E-TECH SOLUTIONS (LINCS) LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2020

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTORS:

R Andrews

Mrs M V Andrews

SECRETARY:

R Andrews

REGISTERED OFFICE:

165 Cleethorpe Road

Grimsby

N E Lincolnshire

DN31 3DW

REGISTERED NUMBER:

08340968 (England and Wales)

ACCOUNTANTS:

Weaver Wroot

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

FIXED ASSETS

Tangible assets

4

9,554

11,314

CURRENT ASSETS

Stocks

3,058

6,300

Debtors

5

55,183

23,839

Cash at bank and in hand

39,937

6,691

98,178

36,830

CREDITORS

Amounts falling due within one year

6

47,641

37,217

NET CURRENT ASSETS/(LIABILITIES)

50,537

(387

)

TOTAL ASSETS LESS CURRENT LIABILITIES

60,091

10,927

CREDITORS

Amounts falling due after more than one year

7

(50,000

)

-

PROVISIONS FOR LIABILITIES

(699

)

(620

)

NET ASSETS

9,392

10,307

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9,292

10,207

SHAREHOLDERS' FUNDS

9,392

10,307

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 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 18th November 2021 and were signed on its behalf by:

R Andrews - Director

1.	STATUTORY INFORMATION

E-tech Solutions (Lincs) 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.

Equipment & office furniture

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2019 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

& office

Motor

Computer

furniture

vehicles

equipment

Totals

£

£

£

£

COST

At 1st January 2020

8,477

1,666

15,811

25,954

Additions

1,200

-

1,000

2,200

At 31st December 2020

9,677

1,666

16,811

28,154

DEPRECIATION

At 1st January 2020

3,756

1,666

9,218

14,640

Charge for year

1,257

-

2,703

3,960

At 31st December 2020

5,013

1,666

11,921

18,600

NET BOOK VALUE

At 31st December 2020

4,664

-

4,890

9,554

At 31st December 2019

4,721

-

6,593

11,314

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade debtors

55,183

23,368

Other debtors

-

471

55,183

23,839

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade creditors

12,037

2,025

Social security and other taxes

(567

)

1,020

VAT

21,954

8,166

Other creditors

1,923

7,191

Directors' current accounts

6,985

10,596

Income in advance

-

4,710

Accrued expenses

5,309

3,509

47,641

37,217

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.20

31.12.19

£

£

Other loans - 1-2 years

50,000

-

8.	ULTIMATE CONTROLLING PARTY

The controlling party is R Andrews.