Company registration number 03554374
Eta-Com UK Preedcrete Limited
Audited Financial Statements
For the year ended
31 March 2022
Pages for filing with registrar
Eta-Com UK Preedcrete Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 6
Eta-Com UK Preedcrete Limited
Statement Of Financial Position
As at 31 March 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
6
13,167
1,440
Current assets
Debtors
7
544,560
1,503,085
Cash at bank and in hand
28,492
128,989
573,052
1,632,074
Creditors: amounts falling due within one year
8
(31,017)
(774,982)
Net current assets
542,035
857,092
Net assets
555,202
858,532
Capital and reserves
Called up share capital
8,500
8,500
Capital redemption reserve
1,500
1,500
Profit and loss reserves
545,202
848,532
Total equity
555,202
858,532

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 26 July 2022 and are signed on its behalf by:
C. Van Doninck
Director
Company Registration No. 03554374
Eta-Com UK Preedcrete Limited
Notes To The Financial Statements
For the year ended 31 March 2022
- 2 -
1
General information

Eta-Com UK Preedcrete Limited is a private company limited by shares incorporated in England and Wales. The registered office is Dixcart House, Addlestone Road, Bourne Business Park, Addlestone, Surrey, KT15 2LE.

2
Accounting policies
2.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

2.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

2.5
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
33% straight line
Eta-Com UK Preedcrete Limited
Notes To The Financial Statements (Continued)
For the year ended 31 March 2022
2
Accounting policies
(Continued)
- 3 -
2.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
10% straight line
Fixtures and fittings
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

2.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

2.9
Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

2.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Eta-Com UK Preedcrete Limited
Notes To The Financial Statements (Continued)
For the year ended 31 March 2022
2
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

2.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2.13
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

3
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Eta-Com UK Preedcrete Limited
Notes To The Financial Statements (Continued)
For the year ended 31 March 2022
- 5 -
4
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
2021
Number
Number
Total
3
3
5
Intangible fixed assets
Goodwill
Software
Total
£
£
£
Cost
At 1 April 2021 and 31 March 2022
40,000
1,178
41,178
Amortisation and impairment
At 1 April 2021 and 31 March 2022
40,000
1,178
41,178
Carrying amount
At 31 March 2022
-
0
-
0
-
0
At 31 March 2021
-
0
-
0
-
0
6
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Total
£
£
£
Cost
At 1 April 2021
-
0
18,714
18,714
Additions
13,151
154
13,305
At 31 March 2022
13,151
18,868
32,019
Depreciation and impairment
At 1 April 2021
-
0
17,274
17,274
Depreciation charged in the year
672
906
1,578
At 31 March 2022
672
18,180
18,852
Carrying amount
At 31 March 2022
12,479
688
13,167
At 31 March 2021
-
0
1,440
1,440
Eta-Com UK Preedcrete Limited
Notes To The Financial Statements (Continued)
For the year ended 31 March 2022
- 6 -
7
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
249,277
1,350,555
Amounts owed by group undertakings
257,116
-
0
Other debtors
38,167
152,530
544,560
1,503,085
8
Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
9,939
53,051
Amounts owed to group undertakings
-
0
641,114
Taxation and social security
10,155
71,801
Other creditors
10,923
9,016
31,017
774,982
9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The senior statutory auditor was J.M.F. Wigram FCA and the auditor was Dixcart Audit LLP.
10
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2022
2021
£
£
-
0
4,486
11
Controlling party

The parent company is Trimaster International BV, incorporated in Netherlands. Trimaster Private Ltd is the parent of the smallest group for which consolidated accounts including Eta-Com UK Preedcrete Limited are drawn up, and copies of these accounts can be obtained from its registered office at 222 Okhla Industrial Estate, New Delhi-110020, India.

2022-03-312021-04-01false27 July 2022CCH SoftwareCCH Accounts Production 2022.200No description of principal activityThis audit opinion is unqualifiedA. KhannaC. Van Doninck035543742021-04-012022-03-31035543742022-03-31035543742021-03-3103554374core:PlantMachinery2022-03-3103554374core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-03-3103554374core:PlantMachinery2021-03-3103554374core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2021-03-3103554374core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3103554374core:CurrentFinancialInstrumentscore:WithinOneYear2021-03-3103554374core:CurrentFinancialInstruments2022-03-3103554374core:CurrentFinancialInstruments2021-03-3103554374core:ShareCapital2022-03-3103554374core:ShareCapital2021-03-3103554374core:CapitalRedemptionReserve2022-03-3103554374core:CapitalRedemptionReserve2021-03-3103554374core:RetainedEarningsAccumulatedLosses2022-03-3103554374core:RetainedEarningsAccumulatedLosses2021-03-3103554374bus:Director22021-04-012022-03-3103554374core:Goodwill2021-04-012022-03-3103554374core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3103554374core:ComputerSoftware2021-04-012022-03-3103554374core:PlantMachinery2021-04-012022-03-3103554374core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2021-04-012022-03-31035543742020-04-012021-03-3103554374core:Goodwill2021-03-3103554374core:ComputerSoftware2021-03-31035543742021-03-3103554374core:Goodwill2022-03-3103554374core:ComputerSoftware2022-03-3103554374core:Goodwill2021-03-3103554374core:ComputerSoftware2021-03-3103554374core:PlantMachinery2021-03-3103554374core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2021-03-3103554374core:WithinOneYear2022-03-3103554374core:WithinOneYear2021-03-3103554374bus:PrivateLimitedCompanyLtd2021-04-012022-03-3103554374bus:SmallCompaniesRegimeForAccounts2021-04-012022-03-3103554374bus:FRS1022021-04-012022-03-3103554374bus:Audited2021-04-012022-03-3103554374bus:Director12021-04-012022-03-3103554374bus:FullAccounts2021-04-012022-03-31xbrli:purexbrli:sharesiso4217:GBP