Eral UK Limited 07316962 false 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is process engineering and equipment design Digita Accounts Production Advanced 6.30.9574.0 true true 07316962 2022-05-01 2023-04-30 07316962 2023-04-30 07316962 core:CurrentFinancialInstruments 2023-04-30 07316962 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 07316962 core:PatentsTrademarksLicencesConcessionsSimilar 2023-04-30 07316962 core:FurnitureFittingsToolsEquipment 2023-04-30 07316962 core:MotorVehicles 2023-04-30 07316962 core:OtherPropertyPlantEquipment 2023-04-30 07316962 bus:SmallEntities 2022-05-01 2023-04-30 07316962 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 07316962 bus:FullAccounts 2022-05-01 2023-04-30 07316962 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 07316962 bus:RegisteredOffice 2022-05-01 2023-04-30 07316962 bus:Director3 2022-05-01 2023-04-30 07316962 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 07316962 core:CopyrightsPatentsTrademarksServiceOperatingRights 2022-05-01 2023-04-30 07316962 core:PatentsTrademarksLicencesConcessionsSimilar 2022-05-01 2023-04-30 07316962 core:ComputerEquipment 2022-05-01 2023-04-30 07316962 core:FurnitureFittingsToolsEquipment 2022-05-01 2023-04-30 07316962 core:MotorVehicles 2022-05-01 2023-04-30 07316962 core:OtherPropertyPlantEquipment 2022-05-01 2023-04-30 07316962 core:PlantMachinery 2022-05-01 2023-04-30 07316962 countries:England 2022-05-01 2023-04-30 07316962 2022-04-30 07316962 core:PatentsTrademarksLicencesConcessionsSimilar 2022-04-30 07316962 core:FurnitureFittingsToolsEquipment 2022-04-30 07316962 core:MotorVehicles 2022-04-30 07316962 core:OtherPropertyPlantEquipment 2022-04-30 07316962 2021-05-01 2022-04-30 07316962 2022-04-30 07316962 core:CurrentFinancialInstruments 2022-04-30 07316962 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 07316962 core:PatentsTrademarksLicencesConcessionsSimilar 2022-04-30 07316962 core:FurnitureFittingsToolsEquipment 2022-04-30 07316962 core:MotorVehicles 2022-04-30 07316962 core:OtherPropertyPlantEquipment 2022-04-30 iso4217:GBP xbrli:pure

Registration number: 07316962

Eral UK Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2023

 

Eral UK Limited

(Registration number: 07316962)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

984

1,279

Tangible assets

5

118

157

 

1,102

1,436

Current assets

 

Debtors

6

7,802

7,802

Cash at bank and in hand

 

5,305

19,521

 

13,107

27,323

Creditors: Amounts falling due within one year

7

(289,568)

(304,498)

Net current liabilities

 

(276,461)

(277,175)

Net liabilities

 

(275,359)

(275,739)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(275,459)

(275,839)

Shareholders' deficit

 

(275,359)

(275,739)

For the financial year ending 30 April 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 her 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.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Eral UK Limited

(Registration number: 07316962)
Balance Sheet as at 30 April 2023

Approved and authorised by the director on 25 September 2023
 

.........................................
Ms Sarah Mulholland
Director

 

Eral UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

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

The address of its registered office is: Unit 65, Owen Road Industrial Estate, Willenhall, West Midlands, WV13 2PX.

These financial statements were authorised for issue by the director on 25 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Eral UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Motor vehicles

33% straight line

Computer equipment

25% reducing balance

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Patents and licences

10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Eral UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

4

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 May 2022

2,945

2,945

At 30 April 2023

2,945

2,945

Amortisation

At 1 May 2022

1,666

1,666

Amortisation charge

295

295

At 30 April 2023

1,961

1,961

Carrying amount

At 30 April 2023

984

984

At 30 April 2022

1,279

1,279

 

Eral UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

5

Tangible assets

Computer equipment
£

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 May 2022

1,227

9,180

424

10,831

At 30 April 2023

1,227

9,180

424

10,831

Depreciation

At 1 May 2022

1,102

9,180

392

10,674

Charge for the year

31

-

8

39

At 30 April 2023

1,133

9,180

400

10,713

Carrying amount

At 30 April 2023

94

-

24

118

At 30 April 2022

125

-

32

157

6

Debtors

2023
£

2022
£

Other debtors

7,802

7,802

7

Creditors

2023
£

2022
£

Amounts due to related parties

280,277

297,277

Taxation and social security

1,302

1,732

Other creditors and accruals

7,989

5,489

289,568

304,498