EWIS (UK) Limited 8072690 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is The company's principal activities during the year remained those of external wall insulation. Digita Accounts Production Advanced 6.30.9574.0 true 8072690 2022-04-01 2023-03-31 8072690 2023-03-31 8072690 bus:OrdinaryShareClass1 2023-03-31 8072690 core:CurrentFinancialInstruments 2023-03-31 8072690 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 8072690 core:FurnitureFittings 2023-03-31 8072690 core:MotorVehicles 2023-03-31 8072690 core:OfficeEquipment 2023-03-31 8072690 core:PlantMachinery 2023-03-31 8072690 bus:SmallEntities 2022-04-01 2023-03-31 8072690 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 8072690 bus:FullAccounts 2022-04-01 2023-03-31 8072690 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 8072690 bus:RegisteredOffice 2022-04-01 2023-03-31 8072690 bus:Director4 2022-04-01 2023-03-31 8072690 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 8072690 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 8072690 core:ComputerEquipment 2022-04-01 2023-03-31 8072690 core:FurnitureFittings 2022-04-01 2023-03-31 8072690 core:MotorCars 2022-04-01 2023-03-31 8072690 core:MotorVehicles 2022-04-01 2023-03-31 8072690 core:OfficeEquipment 2022-04-01 2023-03-31 8072690 core:PlantMachinery 2022-04-01 2023-03-31 8072690 core:Vehicles 2022-04-01 2023-03-31 8072690 countries:England 2022-04-01 2023-03-31 8072690 2022-03-31 8072690 core:FurnitureFittings 2022-03-31 8072690 core:MotorVehicles 2022-03-31 8072690 core:OfficeEquipment 2022-03-31 8072690 core:PlantMachinery 2022-03-31 8072690 2021-04-01 2022-03-31 8072690 2022-03-31 8072690 bus:OrdinaryShareClass1 2022-03-31 8072690 core:CurrentFinancialInstruments 2022-03-31 8072690 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 8072690 core:FurnitureFittings 2022-03-31 8072690 core:MotorVehicles 2022-03-31 8072690 core:OfficeEquipment 2022-03-31 8072690 core:PlantMachinery 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 8072690

EWIS (UK) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

EWIS (UK) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

EWIS (UK) Limited

Company Information

Director

Mr Anthony Paul Jones

Registered office

Energy House
Grandstand Road
Hereford
HR4 9NH

Accountants

Young & Co
Chartered Accountants
St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA

 

EWIS (UK) Limited

(Registration number: 8072690)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

74,517

61,271

Current assets

 

Stocks

5

56,768

37,647

Debtors

6

319,168

219,775

Cash at bank and in hand

 

103,509

169,575

 

479,445

426,997

Creditors: Amounts falling due within one year

7

(270,321)

(204,731)

Net current assets

 

209,124

222,266

Total assets less current liabilities

 

283,641

283,537

Provisions for liabilities

(10,497)

(11,641)

Net assets

 

273,144

271,896

Capital and reserves

 

Called up share capital

8

1,500

1,500

Retained earnings

271,644

270,396

Shareholders' funds

 

273,144

271,896

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

EWIS (UK) Limited

(Registration number: 8072690)
Balance Sheet as at 31 March 2023
(continued)

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 September 2023
 

.........................................
Mr Anthony Paul Jones
Director

 

EWIS (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Energy House
Grandstand Road
Hereford
HR4 9NH

These financial statements were authorised for issue by the director on 22 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with FRS 102, section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period.

 

EWIS (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
(continued)

2

Accounting policies (continued)

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantially enacted by the end of the reporting period.

Depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives at the following rates:

Asset class

Depreciation method and rate

Vans

25% of written down value per annum

Cars

20% of cost per annum

Fixtures and fittings

20% of cost per annum

Computer equipment

33% of cost per annum

Plant and machinery

15% of cost per annum

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit and loss as incurred. Net realiasable value is based on the estimated selling price less any estimated completion or selling costs. When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

 

EWIS (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
(continued)

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2022 - 4).

 

EWIS (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
(continued)

4

tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 April 2022

200

1,352

1,369

101,411

Additions

-

19,435

583

20,499

Disposals

-

-

(583)

(10,004)

At 31 March 2023

200

20,787

1,369

111,906

Depreciation

At 1 April 2022

200

397

178

42,286

Charge for the year

-

2,632

596

22,352

Eliminated on disposal

-

-

(144)

(8,752)

At 31 March 2023

200

3,029

630

55,886

Carrying amount

At 31 March 2023

-

17,758

739

56,020

At 31 March 2022

-

955

1,191

59,125

 

EWIS (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
(continued)

4

tangible assets (continued)

Total
£

Cost or valuation

At 1 April 2022

104,332

Additions

40,517

Disposals

(10,587)

At 31 March 2023

134,262

Depreciation

At 1 April 2022

43,061

Charge for the year

25,580

Eliminated on disposal

(8,896)

At 31 March 2023

59,745

Carrying amount

At 31 March 2023

74,517

At 31 March 2022

61,271

 

EWIS (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
(continued)

4

tangible assets (continued)

5

Stocks

2023
£

2022
£

Work in progress

56,768

37,647

6

Debtors

2023
£

2022
£

Trade debtors

126,441

105,530

Prepayments

192,727

102,810

Other debtors

-

11,435

319,168

219,775

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

35,061

155,055

Taxation and social security

22,686

25,064

Accruals and deferred income

23,567

8,107

Other creditors

189,007

16,505

270,321

204,731

 

EWIS (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
(continued)

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

1,500

1,500

1,500

1,500

         

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £4,484 (2022 - £4,023). The company operates defined contribution schemes on behalf of its directors and employees. The assets of the schemes are held separately from those of the company in independently administered funds.