Easitill Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02650982 (England and Wales)

Financial Statements for the Period 1 April 2017 to 30 April 2018

for

Easitill Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P C Tilley

Miss H Gardner

REGISTERED OFFICE:

Ibex House

Ferro Fields

Scaldwell Road

Brixworth

Northamptonshire

NN6 9UA

REGISTERED NUMBER:

02650982 (England and Wales)

AUDITORS:

Dunkley's

Statutory Auditor

Chartered Accountants

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Tangible assets

4

-

5,565

CURRENT ASSETS

Stocks

31,797

45,373

Debtors

5

174,063

151,548

Cash at bank

45,310

24,945

251,170

221,866

CREDITORS

Amounts falling due within one year

6

207,392

184,806

NET CURRENT ASSETS

43,778

37,060

TOTAL ASSETS LESS CURRENT
LIABILITIES

43,778

42,625

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

43,678

42,525

SHAREHOLDERS' FUNDS

43,778

42,625

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 13 December 2018 and were signed on its behalf
by:

P C Tilley - Director

1.	STATUTORY INFORMATION

Easitill 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Motor vehicles

-

25% on cost

Stocks

Stocks 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 8 (2017 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2017

35,934

Disposals

(1,500

)

At 30 April 2018

34,434

DEPRECIATION

At 1 April 2017

30,369

Charge for period

5,565

Eliminated on disposal

(1,500

)

At 30 April 2018

34,434

NET BOOK VALUE

At 30 April 2018

-

At 31 March 2017

5,565

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

31.3.17

£

Trade debtors

153,802

142,207

Amounts owed by group undertakings

11,825

-

Other debtors

1,777

-

Prepayments

6,659

9,341

174,063

151,548

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

31.3.17

£

Trade creditors

54,279

46,080

Amounts owed to group undertakings

52,783

52,881

Tax

1,117

10,664

Social security and other taxes

15,954

4,515

VAT

48,894

39,324

Other creditors

916

-

Credit card

1,989

2,851

Directors' current accounts

-

291

Accruals and deferred income

25,000

Accrued expenses

6,460

3,200

207,392

184,806

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.18

31.3.17

value:

£

75

Ordinary

1

75

25

Ordinary A

1

25

100

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Dunkley (Senior Statutory Auditor)

for and on behalf of Dunkley's

9.	RELATED PARTY DISCLOSURES

Transactions with companies under common control

During the year the Company received goods and services amounting to £135,000 (2017 - £105,053), and paid

management charges amounting to £30,000 (2017 - £75,000) to Integrated Group Services Limited, a company

registered in England and controlled by Proper Job Superstores Ltd (2017 - R F Gardiner and his family).

At the balance sheet date the amount due to Integrated Group Services Limited was £52,784 (2017 - £52,881).

The company made sales to Proper Job Superstores Ltd before it became a subsidiary of Proper Job Superstores

Ltd. The sales up to the date of aquisition was £15,960.

Transactions with directors

During the year, one of the Directors passed away. The amount due to the estate of the former Director at the

balance sheet date was £291 (2017 - £291).

The loan is interest free, unsecured and repayable on demand.

Consolidated financial statements

The parent of the smallest group for which consolidated financial statements are drawn up is Proper Job

Superstores Limited (Registered address - Woodlands Grange, Woodlands Lane, Bradley Stoke, Bristol, BS32

4JY).

10.	APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns

to the tax authorities and assist with the preparation of the financial statements.

Easitill Limited - Accounts to registrar (filleted) - small 18.2

Easitill Limited - Accounts to registrar (filleted) - small 18.2