2023-01-012023-12-312023-12-31false03903028EB DESIGNS 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EB DESIGNS LIMITED

Registered Number
03903028
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

EB DESIGNS LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

BUIZZA, Antonia
BUIZZA, Elio Domenico

Company Secretary

GIAMMALVA, Giuseppe

Registered Address

Unit 1, Swan Court Harborough Road
Lamport
Northampton
NN6 9ER

Registered Number

03903028 (England and Wales)
EB DESIGNS LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets354,18854,188
Tangible assets474,95163,576
129,139117,764
Current assets
Debtors2,406,5321,259,622
Cash at bank and on hand3,299,8644,020,251
5,706,3965,279,873
Creditors amounts falling due within one year5(2,194,068)(673,017)
Net current assets (liabilities)3,512,3284,606,856
Total assets less current liabilities3,641,4674,724,620
Provisions for liabilities7(279,676)(306,215)
Net assets3,361,7914,418,405
Capital and reserves
Profit and loss account3,361,7914,418,405
Shareholders' funds3,361,7914,418,405
The financial statements were approved and authorised for issue by the Board of Directors on 13 March 2024, and are signed on its behalf by:
BUIZZA, Elio Domenico
Director
Registered Company No. 03903028
EB DESIGNS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Fixtures and fittings15
Office Equipment25
2.Average number of employees

20232022
Average number of employees during the year4140
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 January 2354,18854,188
At 31 December 2354,18854,188
Net book value
At 31 December 2354,18854,188
At 31 December 2254,18854,188
4.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 January 23176,47578,221254,696
Additions-32,06632,066
At 31 December 23176,475110,287286,762
Depreciation and impairment
At 01 January 23158,20332,917191,120
Charge for year2,74117,95020,691
At 31 December 23160,94450,867211,811
Net book value
At 31 December 2315,53159,42074,951
At 31 December 2218,27245,30463,576
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables1,648,695372,892
Bank borrowings and overdrafts1011
Taxation and social security545,363300,114
Total2,194,068673,017
6.Creditors: amounts due after one year
7.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)279,676306,215
Total279,676306,215