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
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
Earthbound UK Limited
Statement of financial position
as at 30 November 2023
Tangible assets
9,763
13,113
Inventories
166,348
141,117
Cash at bank and in hand
141,378
152,795
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
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
Earthbound UK Limited
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 30 November 2023
1,482
2,537
5,744
-
9,763
At 30 November 2022
1,364
4,834
6,915
-
13,113
Earthbound UK Limited
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Trade debtors
172,452
59,343
Accrued income and prepayments
4,906
3,213
Other debtors
2,262
99,913
6
Creditors: amounts falling due within one year
2023
2022
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
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
3,125
8
Average number of employees
During the year the average number of employees was 17 (2022: 20).