Company Registration No. 11648792 (England and Wales)
EGL Construction Limited
Unaudited accounts
for the year ended 31 October 2021
EGL Construction Limited
Unaudited accounts
Contents
EGL Construction Limited
Statement of financial position
as at
31 October 2021
Tangible assets
14,209
15,240
Inventories
75,000
75,000
Cash at bank and in hand
101
35,981
Creditors: amounts falling due within one year
(112,283)
(128,171)
Net current assets
148,320
52,012
Total assets less current liabilities
162,529
67,252
Creditors: amounts falling due after more than one year
(136,454)
(44,961)
Called up share capital
100
100
Profit and loss account
25,975
22,191
Shareholders' funds
26,075
22,291
For the year ending 31 October 2021 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 director acknowledges his 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 and authorised for issue on 21 March 2022 and were signed on its behalf by
Thomas Salomone
Director
Company Registration No. 11648792
EGL Construction Limited
Notes to the Accounts
for the year ended 31 October 2021
EGL Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 11648792. The registered office is Churchill House, 120 Bunns Lane, London, NW7 2AS.
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.
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:
Motor vehicles
25% reducing balance basis
Computer equipment
25% reducing balance basis
Other tangible fixed assets
25% reducing balance basis
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2020
3,123
13,667
8,941
25,731
Additions
-
-
3,704
3,704
At 31 October 2021
3,123
13,667
12,645
29,435
At 1 November 2020
1,250
5,979
3,262
10,491
Charge for the year
468
1,922
2,345
4,735
At 31 October 2021
1,718
7,901
5,607
15,226
At 31 October 2021
1,405
5,766
7,038
14,209
At 31 October 2020
1,873
7,688
5,679
15,240
EGL Construction Limited
Notes to the Accounts
for the year ended 31 October 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
117,894
1,594
Accrued income and prepayments
14,000
14,000
Other debtors
53,608
53,608
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Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
34,921
6,176
Trade creditors
1,068
1,498
Taxes and social security
34,284
29,224
Other creditors
38,130
87,788
Loans from directors
2,430
2,185
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Creditors: amounts falling due after more than one year
2021
2020
Other creditors
94,993
33,342
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Average number of employees
During the year the average number of employees was 14 (2020: 24).