Company Registration No. 13299025 (England and Wales)
ERB GAS SOLUTIONS LTD
Unaudited accounts
for the year ended 31 March 2024
ERB GAS SOLUTIONS LTD
Unaudited accounts
Contents
ERB GAS SOLUTIONS LTD
Company Information
for the year ended 31 March 2024
Company Number
13299025 (England and Wales)
Registered Office
42 AMBLESIDE GRANGE
WORKSOP
S81 7QH
ENGLAND
Accountants
EJM Accountants Limited
Office 17, Middletons Yard
Potter Street
WORKSOP
Nottinghamshire
S80 2FT
ERB GAS SOLUTIONS LTD
Statement of financial position
as at 31 March 2024
Tangible assets
6,009
6,009
Cash at bank and in hand
33,317
34,339
Creditors: amounts falling due within one year
(36,670)
(34,034)
Net current assets
59,030
94,671
Called up share capital
1
1
Profit and loss account
65,038
100,679
Shareholders' funds
65,039
100,680
For the year ending 31 March 2024 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 director acknowledges his 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 and authorised for issue on 2 October 2024 and were signed on its behalf by
Joseph Bayliss
Director
Company Registration No. 13299025
ERB GAS SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 March 2024
ERB GAS SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 13299025. The registered office is 42 AMBLESIDE GRANGE, WORKSOP, S81 7QH, ENGLAND.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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
Depreciated at 15% reducing balance
Computer equipment
Depreciated at 15% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
ERB GAS SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
6,939
316
7,255
At 31 March 2024
6,939
316
7,255
At 1 April 2023
751
495
1,246
At 31 March 2024
751
495
1,246
At 31 March 2024
6,188
(179)
6,009
At 31 March 2023
6,188
(179)
6,009
Amounts falling due within one year
Trade debtors
51,709
90,660
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
21,704
1,857
Taxes and social security
-
18,929
Other creditors
5,387
(4,712)
Loans from directors
-
602
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).