Company Registration No. 04250830 (England and Wales)
Easyline Communications Limited
Unaudited accounts
for the year ended 31 August 2022
Easyline Communications Limited
Unaudited accounts
Contents
Easyline Communications Limited
Company Information
for the year ended 31 August 2022
Directors
C W Jackson
N Jackson
Mrs D K Jackson
Company Number
04250830 (England and Wales)
Registered Office
3 Lane Close
Broadbridge Heath
Horsham
West Sussex
RH12 3UF
Accountants
G Schulz & Company Ltd
Chartered Management Accountants
G W Schulz ACMA
3 Lane Close
Horsham, West Sussex
RH12 3UF
Easyline Communications Limited
Statement of financial position
as at 31 August 2022
Cash at bank and in hand
16,217
9,819
Creditors: amounts falling due within one year
(8,712)
(11,106)
Net current assets
9,357
3,659
Total assets less current liabilities
9,362
3,664
Creditors: amounts falling due after more than one year
(83,250)
(83,250)
Net liabilities
(73,888)
(79,586)
Called up share capital
200
200
Profit and loss account
(74,088)
(79,786)
Shareholders' funds
(73,888)
(79,586)
For the year ending 31 August 2022 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 May 2023 and were signed on its behalf by
C W Jackson
Director
Company Registration No. 04250830
Easyline Communications Limited
Notes to the Accounts
for the year ended 31 August 2022
Easyline Communications Limited is a private company, limited by shares, registered in England and Wales, registration number 04250830. The registered office is 3 Lane Close, Broadbridge Heath, Horsham, West Sussex, RH12 3UF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Computer equipment
33% on reducing balance
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Easyline Communications Limited
Notes to the Accounts
for the year ended 31 August 2022
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2021
316
2,561
2,877
At 31 August 2022
316
2,561
2,877
At 1 September 2021
315
2,557
2,872
At 31 August 2022
315
2,557
2,872
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
2021
Other creditors
2,070
2,068
Loans from directors
5,016
6,829
7
Creditors: amounts falling due after more than one year
2022
2021
Other creditors
83,250
83,250
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).
