Company Registration No. 13301685 (England and Wales)
Eristel Ltd
Unaudited accounts
for the period from 29 March 2021 to 31 March 2022
Eristel Ltd
Unaudited accounts
Contents
Eristel Ltd
Company Information
for the period from 29 March 2021 to 31 March 2022
Company Number
13301685 (England and Wales)
Registered Office
12 Eriswell Close
Lower Early
Reading
RG6 3AY
United Kingdom
Eristel Ltd
Statement of financial position
as at
31 March 2022
Cash at bank and in hand
45,148
Creditors: amounts falling due within one year
(43,075)
Called up share capital
100
Profit and loss account
8,969
Shareholders' funds
9,069
For the period ending 31 March 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 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 4 May 2022 and were signed on its behalf by
Saqib I Butt
Director
Company Registration No. 13301685
Eristel Ltd
Notes to the Accounts
for the period from 29 March 2021 to 31 March 2022
Eristel Ltd is a private company, limited by shares, registered in England and Wales, registration number 13301685. The registered office is 12 Eriswell Close, Lower Early, Reading, RG6 3AY, United Kingdom.
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 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:
Computer equipment
25% on cost
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.
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Eristel Ltd
Notes to the Accounts
for the period from 29 March 2021 to 31 March 2022
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
Charge for the period
239
5
Debtors: amounts falling due within one year
2022
6
Creditors: amounts falling due within one year
2022
Taxes and social security
12,592
Loans from directors
14,733
7
Transactions with related parties
Included in other creditors is an amount of £14,733 owed to Mr Saqib I Butt, a sole director and majority shareholder of the company.
During the period interim dividends of £32,250 were paid to Mr Saqib I Butt.
Mr Saqib I Butt was regarded as the ultimate controlling party for the period.
9
Average number of employees
During the period the average number of employees was 5.