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REGISTERED NUMBER: 08437385 (England and Wales)















Financial Statements

for the Year Ended 30 March 2024

for

EOS CONTRACTING LIMITED

EOS CONTRACTING LIMITED (REGISTERED NUMBER: 08437385)

Contents of the Financial Statements
for the year ended 30 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EOS CONTRACTING LIMITED

Company Information
for the year ended 30 March 2024







Directors: D L Holland
M Porter
K A Fowlie





Registered office: Chaddock Lane
Worsley
Manchester
M28 1XW





Registered number: 08437385 (England and Wales)





Auditors: CLA Evelyn Partners Limited
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

EOS CONTRACTING LIMITED (REGISTERED NUMBER: 08437385)

Balance Sheet
30 March 2024

2024 2023
Notes £'000 £'000 £'000 £'000
Fixed assets
Tangible assets 5 22 44

Current assets
Debtors 6 1,652 1,951
Cash at bank 353 286
2,005 2,237
Creditors
Amounts falling due within one year 7 2,392 2,796
Net current liabilities (387 ) (559 )
Total assets less current liabilities (365 ) (515 )

Creditors
Amounts falling due after more than one
year

8

12

22
Net liabilities (377 ) (537 )

Capital and reserves
Called up share capital 9 - -
Retained earnings (377 ) (537 )
Shareholders' funds (377 ) (537 )

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





M Porter - Director


EOS CONTRACTING LIMITED (REGISTERED NUMBER: 08437385)

Notes to the Financial Statements
for the year ended 30 March 2024


1. Statutory information

Eos Contracting 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. Statement of compliance

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.

3. Accounting policies

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

The financial statements have been prepared on the going concern basis as the Directors have a reasonable expectation that the Company has adequate resources for a period of at least 12 months from the date of approval of the financial statements.

In assessing the appropriateness of the going concern basis of accounting, the Board have taken into account a number of factors including current operating performance, cash liquidity, approved budgets forecasts covering the going concern period and forecast banking compliance ratios.

Management has prepared, and the Directors have reviewed and approved, budgets for the year ending 30 March 2025. These budgets include profit projections and cash flow forecasts. Longer term 5 year plans out to March 2028 have also been prepared and reviewed by the Board. An element of uncertainty is inherent in forecasting and key sensitivities have been considered when budgets are prepared and approved.

Consequently, the Directors are satisfied that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements. Therefore, the financial statements have been prepared on a going concern basis.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

There are not considered to be any critical judgements in applying the company's accounting policies.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets or liabilities within the next financial year are addressed below.

(i) Amounts recoverable on contracts

Provision is made for amounts recoverable on contracts which it is considered may not be received. No provision was considered necessary as at 30 March 2024.

EOS CONTRACTING LIMITED (REGISTERED NUMBER: 08437385)

Notes to the Financial Statements - continued
for the year ended 30 March 2024


3. Accounting policies - continued

Turnover
Turnover is the total amount receivable by the company in the ordinary course of business with customers for goods supplied and services provided excluding value added tax.

Turnover is recognised to the extent it is probable that economic benefit will flow to the Company. Turnover is recognised as the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

The amount of turnover can be measured reliably;
It is probable that the Company will receive the consideration due under the contract; and
Where applicable, the costs incurred and the costs to complete the contract can be measured reliably.

Turnover in respect of variations to contracts and incentive payments is recognised when it is probable it will be agreed by the customer. Where turnover recognised exceeds billing, the balance is shown as due from customers within debtors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 25% straight line
Plant and machinery - 25% straight line
Fixtures and fittings - 25% straight line
Motor vehicles - 33% straight line
Computer equipment - 33% straight line

Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for its intended use.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

4. Employees and directors

The average number of employees during the year was 7 (2023 - 15 ) .

EOS CONTRACTING LIMITED (REGISTERED NUMBER: 08437385)

Notes to the Financial Statements - continued
for the year ended 30 March 2024


5. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£'000 £'000 £'000
Cost
At 31 March 2023
and 30 March 2024 11 697 708
Depreciation
At 31 March 2023 6 658 664
Charge for year 3 19 22
At 30 March 2024 9 677 686
Net book value
At 30 March 2024 2 20 22
At 30 March 2023 5 39 44

6. Debtors
2024 2023
£'000 £'000
Amounts falling due within one year:
Trade debtors 469 1,125
Amounts recoverable on contract 1,166 -
Other debtors 17 726
1,652 1,851

Amounts falling due after more than one year:
Trade debtors - 100

Aggregate amounts 1,652 1,951

7. Creditors: amounts falling due within one year
2024 2023
£'000 £'000
Bank loans and overdrafts 10 10
Trade creditors 96 144
Amounts owed to group undertakings 1,690 2,248
Corporation tax 35 1
Social security and other taxes 3 43
VAT 137 -
Other creditors 1 6
Accruals and deferred income 420 344
2,392 2,796

EOS CONTRACTING LIMITED (REGISTERED NUMBER: 08437385)

Notes to the Financial Statements - continued
for the year ended 30 March 2024


8. Creditors: amounts falling due after more than one year
2024 2023
£'000 £'000
Bank loans - 1-2 years 10 10
Bank loans - 2-5 years 2 12
12 22

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

David Fort FCA (Senior Statutory Auditor)
for and on behalf of CLA Evelyn Partners Limited

11. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. Ultimate controlling party

The immediate parent company, by virtue of its 100% shareholding, is Network Plus Services Limited, a company registered in the United Kingdom.

Nyetimber Finco Limited, a company registered in the United Kingdom, is the parent undertaking of the smallest group of undertakings to consolidate these financial statements. Copies of the group accounts are available from Chaddock Lane, Worsley, Greater Manchester M28 1XW.

OMERS Administration Corporation is the ultimate controlling party of Nyetimber Finco Limited.