IRIS Accounts Production v23.4.0.336 03295828 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh032958282022-12-31032958282023-12-31032958282023-01-012023-12-31032958282021-12-31032958282022-01-012022-12-31032958282022-12-3103295828ns15:EnglandWales2023-01-012023-12-3103295828ns14:PoundSterling2023-01-012023-12-3103295828ns10:Director12023-01-012023-12-3103295828ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3103295828ns10:SmallEntities2023-01-012023-12-3103295828ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3103295828ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3103295828ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3103295828ns10:FullAccounts2023-01-012023-12-3103295828ns10:RegisteredOffice2023-01-012023-12-3103295828ns5:CurrentFinancialInstruments2023-12-3103295828ns5:CurrentFinancialInstruments2022-12-3103295828ns5:ShareCapital2023-12-3103295828ns5:ShareCapital2022-12-3103295828ns5:SharePremium2023-12-3103295828ns5:SharePremium2022-12-3103295828ns5:RetainedEarningsAccumulatedLosses2023-12-3103295828ns5:RetainedEarningsAccumulatedLosses2022-12-3103295828ns5:PlantMachinery2023-01-012023-12-3103295828ns5:FurnitureFittings2023-01-012023-12-3103295828ns5:ComputerEquipment2023-01-012023-12-3103295828ns5:PlantMachinery2022-12-3103295828ns5:FurnitureFittings2022-12-3103295828ns5:ComputerEquipment2022-12-3103295828ns5:PlantMachinery2023-12-3103295828ns5:FurnitureFittings2023-12-3103295828ns5:ComputerEquipment2023-12-3103295828ns5:PlantMachinery2022-12-3103295828ns5:FurnitureFittings2022-12-3103295828ns5:ComputerEquipment2022-12-3103295828ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3103295828ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 03295828 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Ebro Valves Limited

Ebro Valves Limited (Registered number: 03295828)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ebro Valves Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: S Bonney





REGISTERED OFFICE: Unit 4 Rawdon Network Centre
Marquis Drive
Moira
Swadlincote
Debyshire
DE12 6EJ





REGISTERED NUMBER: 03295828 (England and Wales)





ACCOUNTANTS: Vaughan Davies & Co (Accountants) Ltd
Unit 1-3, Willow Park
Upton Lane
Stoke Golding
Nuneaton
Warwickshire
CV13 6EU

Ebro Valves Limited (Registered number: 03295828)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,790 139

CURRENT ASSETS
Stocks 567,663 648,716
Debtors 5 286,447 301,440
Cash at bank and in hand 1,326,244 941,587
2,180,354 1,891,743
CREDITORS
Amounts falling due within one year 6 341,985 317,889
NET CURRENT ASSETS 1,838,369 1,573,854
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,852,159

1,573,993

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 349,002 349,002
Retained earnings 1,502,157 1,223,991
SHAREHOLDERS' FUNDS 1,852,159 1,573,993

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22 February 2024 and were signed by:



S Bonney - Director


Ebro Valves Limited (Registered number: 03295828)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Ebro Valves 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. 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Ebro Valves Limited (Registered number: 03295828)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 5,435 5,567 13,411 24,413
Additions 14,390 - - 14,390
Disposals (5,435 ) - - (5,435 )
At 31 December 2023 14,390 5,567 13,411 33,368
DEPRECIATION
At 1 January 2023 5,435 5,567 13,272 24,274
Charge for year 600 - 139 739
Eliminated on disposal (5,435 ) - - (5,435 )
At 31 December 2023 600 5,567 13,411 19,578
NET BOOK VALUE
At 31 December 2023 13,790 - - 13,790
At 31 December 2022 - - 139 139

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 278,105 287,754
Other debtors 8,342 13,686
286,447 301,440

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 36,285 81,509
Amounts owed to group undertakings 86,755 118,898
Taxation and social security 154,126 95,982
Other creditors 64,819 21,500
341,985 317,889

Ebro Valves Limited (Registered number: 03295828)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


7. RELATED PARTY DISCLOSURES

During the year Ebro Valves Limited made purchases from connected companies as follows:

Ebro Armarturen £574,804
Ebro Thailand £112,015
Stafsjo £240,024
Ebro Holland £ 4,905




At 31 December 2023 Ebro Valves Limited owed the following amounts to connected companies

Ebro Armaturen £ 54,836
Stafsjo £ 30,734
Ebro Thailand £ 126