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ELECTRONIC BUSINESS SYSTEMS LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2021






ELECTRONIC BUSINESS SYSTEMS LIMITED (REGISTERED NUMBER: 01457911)

Contents of the Financial Statements
for the Year Ended 31 December 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELECTRONIC BUSINESS SYSTEMS LIMITED

Company Information
for the Year Ended 31 December 2021







DIRECTORS: R G Bates
D Price
S T Pritchard
Mrs S L Robinson





REGISTERED OFFICE: 852 Tyburn Road
Birmingham
West Midlands
B24 9NT





REGISTERED NUMBER: 01457911 (England and Wales)





ACCOUNTANTS: Haslehursts Limited
88 Hill Village Road
Sutton Coldfield
West Midlands
B75 5BE

ELECTRONIC BUSINESS SYSTEMS LIMITED (REGISTERED NUMBER: 01457911)

Balance Sheet
31 December 2021

2021 2020
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 12,226 26,888
12,226 26,888

CURRENT ASSETS
Stocks 6,908 6,694
Debtors 7 402,458 360,715
Cash at bank and in hand 236,559 870,384
645,925 1,237,793
CREDITORS
Amounts falling due within one year 8 (408,927 ) (654,751 )
NET CURRENT ASSETS 236,998 583,042
TOTAL ASSETS LESS CURRENT
LIABILITIES

249,224

609,930

CREDITORS
Amounts falling due after more than one
year

9

(191,666

)

(220,833

)

PROVISIONS FOR LIABILITIES 10 (2,219 ) (4,681 )
NET ASSETS 55,339 384,416

CAPITAL AND RESERVES
Called up share capital 11 250 250
Capital redemption reserve 750 750
Retained earnings 54,339 383,416
SHAREHOLDERS' FUNDS 55,339 384,416

ELECTRONIC BUSINESS SYSTEMS LIMITED (REGISTERED NUMBER: 01457911)

Balance Sheet - continued
31 December 2021


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

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 and authorised for issue on 25 May 2022 and were signed on its behalf by:





S T Pritchard - Director


ELECTRONIC BUSINESS SYSTEMS LIMITED (REGISTERED NUMBER: 01457911)

Notes to the Financial Statements
for the Year Ended 31 December 2021


1. STATUTORY INFORMATION

Electronic Business Systems 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. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Income from maintenance contracts is recognised in line with the contract period.

Intangible assets - computer software
Capitalised development costs relate to product development and are written off over three years from the start of the year in which sales of that product commence.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Fixtures and fittings - 15% on cost
Company Website - 25% on cost

Government grants
Government grants have been recognised under the accruals model. Grants relating to revenue expenditure are recognised in income on a systematic basis over the periods to which the entity recognises the related costs for which the grant is intended to compensate.

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 year 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.


ELECTRONIC BUSINESS SYSTEMS LIMITED (REGISTERED NUMBER: 01457911)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


3. ACCOUNTING POLICIES - continued
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 year 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2020 - 27 ) .

5. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2021 233,016
Disposals (233,016 )
At 31 December 2021 -
AMORTISATION
At 1 January 2021 233,016
Eliminated on disposal (233,016 )
At 31 December 2021 -
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 -

ELECTRONIC BUSINESS SYSTEMS LIMITED (REGISTERED NUMBER: 01457911)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 277,388
Additions 6,666
Disposals (1,300 )
At 31 December 2021 282,754
DEPRECIATION
At 1 January 2021 250,500
Charge for year 20,028
At 31 December 2021 270,528
NET BOOK VALUE
At 31 December 2021 12,226
At 31 December 2020 26,888

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 211,514 301,979
Amounts owed by group undertakings 170,127 -
Other debtors 20,817 58,736
402,458 360,715

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 29,167 29,167
Trade creditors 116,318 85,377
Taxation and social security 134,700 288,903
Other creditors 128,742 251,304
408,927 654,751

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 191,666 220,833

10. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax
Accelerated capital allowances 2,219 4,681

ELECTRONIC BUSINESS SYSTEMS LIMITED (REGISTERED NUMBER: 01457911)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2021 4,681
Provided during year (2,462 )
Accelerated capital allowances
Balance at 31 December 2021 2,219

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
250 Ordinary £1 250 250

12. OTHER FINANCIAL COMMITMENTS

The total amount of commitments is £0 (2020: £6,317).

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2021 and 31 December 2020:

2021 2020
£    £   
J G Tullah
Balance outstanding at start of year 30,005 30,005
Amounts repaid (30,005 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 30,005

14. ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary of EBS Holdings Group Limited, a company registered in England.