Easy Open Limited - Accounts to registrar (filleted) - small 18.2

Easy Open Limited - Accounts to registrar (filleted) - small 18.2

EASY OPEN LIMITED - Company Information

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REGISTERED NUMBER: 04806881 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2021 to 31 January 2022

for

Easy Open Limited
Easy Open Limited (Registered number: 04806881)






Contents of the Financial Statements
for the Period 1 April 2021 to 31 January 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Easy Open Limited

Company Information
for the Period 1 April 2021 to 31 January 2022







DIRECTOR: Mrs L M Bradley





SECRETARY: J H Carter





REGISTERED OFFICE: 65-67 High Street
Ibstock
Leicestershire
LE67 6LH





REGISTERED NUMBER: 04806881 (England and Wales)





ACCOUNTANTS: Carter & Co
19 Warren Park Way
Enderby
Leicester
LE19 4SA
Page 1
Easy Open Limited (Registered number: 04806881)

Balance Sheet
31 January 2022

31.1.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 20,463

CURRENT ASSETS
Stocks - 15,916
Debtors 5 75,605 46,511
Investments 6 - 50,000
Cash at bank 265,289 198,581
340,894 311,008
CREDITORS
Amounts falling due within one year 7 33,461 51,697
NET CURRENT ASSETS 307,433 259,311
TOTAL ASSETS LESS CURRENT LIABILITIES 307,433 279,774

CAPITAL AND RESERVES
Called up share capital 8 1,100 1,100
Share premium 2,400 2,400
Retained earnings 303,933 276,274
SHAREHOLDERS' FUNDS 307,433 279,774

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 22 February 2022 and were signed by:





Mrs L M Bradley - Director


The notes form part of these financial statements

Page 2
Easy Open Limited (Registered number: 04806881)

Notes to the Financial Statements
for the Period 1 April 2021 to 31 January 2022

1. STATUTORY INFORMATION

Easy Open 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 15% on reducing balance

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.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

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 period was 4 (2021 - 4 ) .

Page 3 continued...
Easy Open Limited (Registered number: 04806881)

Notes to the Financial Statements - continued
for the Period 1 April 2021 to 31 January 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 41,023
Disposals (41,023 )
At 31 January 2022 -
DEPRECIATION
At 1 April 2021 20,560
Charge for period 720
Eliminated on disposal (21,280 )
At 31 January 2022 -
NET BOOK VALUE
At 31 January 2022 -
At 31 March 2021 20,463

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.3.21
£    £   
Trade debtors 25,555 43,024
Other debtors - 1,572
Directors' current accounts 50,050 -
Prepayments - 1,915
75,605 46,511

6. CURRENT ASSET INVESTMENTS
31.1.22 31.3.21
£    £   
Other - 50,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.3.21
£    £   
Trade creditors 5,390 9,240
Tax 19,498 33,400
VAT 7,330 6,047
Other creditors 223 636
Directors' current accounts - 876
Accrued expenses 1,020 1,498
33,461 51,697

Page 4 continued...
Easy Open Limited (Registered number: 04806881)

Notes to the Financial Statements - continued
for the Period 1 April 2021 to 31 January 2022

8. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 31.1.22 31.3.21
value: £    £   
1,000 Ordinary £1.00 1,000 1,000
100 A Ordinary £1.00 100 100
1,100 1,100

9. RELATED PARTY DISCLOSURES

During the period, total dividends of £35,000 (2021 - £41,500) were paid to the director .

Page 5