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Company Registration No. 5619366 (England and Wales)
Earthbound UK Limited Unaudited accounts for the year ended 30 November 2023
Earthbound UK Limited Unaudited accounts Contents
Page
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Earthbound UK Limited Company Information for the year ended 30 November 2023
Directors
Mr Ranjit Singh Sohal Mr Jaspal Singh Sohal
Secretary
Mrs Rajvish Sohal
Company Number
5619366 (England and Wales)
Registered Office
Unit 17-19 Manor Industrial Estate Pleck Road Walsall West Midlands WS2 9XX
Accountants
Parmjit & Co Ltd 10 Cranbrook Road Handsworth Birmingham B21 8PJ
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Earthbound UK Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,763 
13,113 
Current assets
Inventories
166,348 
141,117 
Debtors
182,648 
162,469 
Cash at bank and in hand
141,378 
152,795 
490,374 
456,381 
Creditors: amounts falling due within one year
(232,374)
(188,074)
Net current assets
258,000 
268,307 
Total assets less current liabilities
267,763 
281,420 
Creditors: amounts falling due after more than one year
(29,167)
(42,123)
Provisions for liabilities
Deferred tax
(2,374)
(2,491)
Net assets
236,222 
236,806 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
236,220 
236,804 
Shareholders' funds
236,222 
236,806 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by
Mr Ranjit Singh Sohal Director Company Registration No. 5619366
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Earthbound UK Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Earthbound UK Limited is a private company, limited by shares, registered in England and Wales, registration number 5619366. The registered office is Unit 17-19 Manor Industrial Estate, Pleck Road, Walsall, West Midlands, WS2 9XX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 30 November 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 December 2022
73,752 
11,725 
16,923 
5,887 
108,287 
Additions
1,154 
- 
1,108 
- 
2,262 
At 30 November 2023
74,906 
11,725 
18,031 
5,887 
110,549 
Depreciation
At 1 December 2022
72,388 
6,891 
10,008 
5,887 
95,174 
Charge for the year
1,036 
2,297 
2,279 
- 
5,612 
At 30 November 2023
73,424 
9,188 
12,287 
5,887 
100,786 
Net book value
At 30 November 2023
1,482 
2,537 
5,744 
- 
9,763 
At 30 November 2022
1,364 
4,834 
6,915 
- 
13,113 
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Earthbound UK Limited Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
3,028 
- 
Trade debtors
172,452 
59,343 
Accrued income and prepayments
4,906 
3,213 
Other debtors
2,262 
99,913 
182,648 
162,469 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
31,922 
28,905 
Obligations under finance leases and hire purchase contracts
625 
- 
Trade creditors
31,389 
63,462 
Taxes and social security
20,148 
10,556 
Other creditors
45,846 
14,795 
Loans from directors
87,565 
67,577 
Accruals
12,879 
2,779 
Deferred income
2,000 
- 
232,374 
188,074 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
29,167 
38,998 
Obligations under finance leases and hire purchase contracts
- 
3,125 
29,167 
42,123 
8
Average number of employees
During the year the average number of employees was 17 (2022: 20).
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