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REGISTERED NUMBER: 09073925 (England and Wales)




































FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

ERIKOM BUILDING SOLUTIONS LIMITED

ERIKOM BUILDING SOLUTIONS LIMITED (REGISTERED NUMBER: 09073925)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ERIKOM BUILDING SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: R A Eriksen
Mrs M C Eriksen





REGISTERED OFFICE: Unit 5 Mitchell Close
Segensworth
Fareham
Hampshire
PO15 5SE





REGISTERED NUMBER: 09073925 (England and Wales)





ACCOUNTANTS: Compass Accountants Limited
Chartered Accountants
Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR

ERIKOM BUILDING SOLUTIONS LIMITED (REGISTERED NUMBER: 09073925)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86,294 38,664

CURRENT ASSETS
Debtors 5 108,024 78,463
Cash at bank 154,086 116,510
262,110 194,973
CREDITORS
Amounts falling due within one year 6 125,637 118,810
NET CURRENT ASSETS 136,473 76,163
TOTAL ASSETS LESS CURRENT
LIABILITIES

222,767

114,827

CREDITORS
Amounts falling due after more than one
year

7

(23,669

)

(38,748

)

PROVISIONS FOR LIABILITIES (15,518 ) (4,956 )
NET ASSETS 183,580 71,123

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 183,480 71,023
SHAREHOLDERS' FUNDS 183,580 71,123

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 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.

ERIKOM BUILDING SOLUTIONS LIMITED (REGISTERED NUMBER: 09073925)

BALANCE SHEET - continued
30TH JUNE 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th October 2023 and were signed on its behalf by:




R A Eriksen - Director



Mrs M C Eriksen - Director


ERIKOM BUILDING SOLUTIONS LIMITED (REGISTERED NUMBER: 09073925)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023


1. STATUTORY INFORMATION

Erikom Building Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Turnover
Revenue for the provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and associated costs can be reliable measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

ERIKOM BUILDING SOLUTIONS LIMITED (REGISTERED NUMBER: 09073925)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


2. ACCOUNTING POLICIES - continued

Basic financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the company is not exposed to significant interest, foreign exchange or credit risks arising from these instruments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st July 2022 72,784 - 7,641 80,425
Additions 69,207 2,663 4,825 76,695
At 30th June 2023 141,991 2,663 12,466 157,120
DEPRECIATION
At 1st July 2022 34,723 - 7,038 41,761
Charge for year 26,817 399 1,849 29,065
At 30th June 2023 61,540 399 8,887 70,826
NET BOOK VALUE
At 30th June 2023 80,451 2,264 3,579 86,294
At 30th June 2022 38,061 - 603 38,664

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 93,389 64,602
Other debtors 14,635 13,861
108,024 78,463

ERIKOM BUILDING SOLUTIONS LIMITED (REGISTERED NUMBER: 09073925)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,120 11,120
Hire purchase contracts (see note 8) 4,964 4,964
Trade creditors 6,400 12,962
Taxation and social security 78,107 44,579
Other creditors 25,046 45,185
125,637 118,810

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 17,463 27,578
Hire purchase contracts (see note 8) 6,206 11,170
23,669 38,748

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 4,964 4,964
Between one and five years 6,206 11,170
11,170 16,134

Non-cancellable operating leases
2023 2022
£    £   
Within one year 17,000 -
Between one and five years 68,000 -
In more than five years 34,000 -
119,000 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 11,170 16,134

ERIKOM BUILDING SOLUTIONS LIMITED (REGISTERED NUMBER: 09073925)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
70 Ordinary A shares £1 70 70
20 Ordinary B shares £1 20 20
10 Ordinary C shares £1 10 10
100 100