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REGISTERED NUMBER: 06246911 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2024

FOR

EKA CONCRETE LTD

EKA CONCRETE LTD (REGISTERED NUMBER: 06246911)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


EKA CONCRETE LTD (REGISTERED NUMBER: 06246911)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 594,919 779,264

CURRENT ASSETS
Stocks 10,339 22,659
Debtors 6 118,782 103,277
Cash at bank 119,884 135,476
249,005 261,412
CREDITORS
Amounts falling due within one year 7 278,364 295,744
NET CURRENT LIABILITIES (29,359 ) (34,332 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

565,560

744,932

CREDITORS
Amounts falling due after more than
one year

8

(1,180

)

(21,235

)

PROVISIONS FOR LIABILITIES 11 (148,730 ) (275,826 )
NET ASSETS 415,650 447,871

CAPITAL AND RESERVES
Called up share capital 12 100 100
Revaluation reserve 174,053 207,115
Retained earnings 241,497 240,656
SHAREHOLDERS' FUNDS 415,650 447,871

EKA CONCRETE LTD (REGISTERED NUMBER: 06246911)

BALANCE SHEET - continued
31 MAY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 3 October 2024 and were signed by:





Mr E K Acuna - Director


EKA CONCRETE LTD (REGISTERED NUMBER: 06246911)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

EKA Concrete Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06246911

Registered office: Unit 5, Acacia Grove
Copthorne Road
Crawley
West Sussex
RH10 3PD

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Volumetric lorries - 15% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office Equipment - 25% on reducing balance

All fixed assets are initially measured at cost.

The volumetric lorries were valued at their market value at the year end.

EKA CONCRETE LTD (REGISTERED NUMBER: 06246911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

EKA CONCRETE LTD (REGISTERED NUMBER: 06246911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.


EKA CONCRETE LTD (REGISTERED NUMBER: 06246911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 - 7 ) .

EKA CONCRETE LTD (REGISTERED NUMBER: 06246911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Volumetric Plant and and
lorries machinery fittings
£    £    £   
COST OR VALUATION
At 1 June 2023 1,244,153 204,145 4,449
Additions - - -
Disposals (256,128 ) - -
Revaluations 19,046 - -
At 31 May 2024 1,007,071 204,145 4,449
DEPRECIATION
At 1 June 2023 579,153 163,905 3,325
Charge for year 49,047 10,060 281
Eliminated on disposal (131,129 ) - -
At 31 May 2024 497,071 173,965 3,606
NET BOOK VALUE
At 31 May 2024 510,000 30,180 843
At 31 May 2023 665,000 40,240 1,124

Motor Office
vehicles Equipment Totals
£    £    £   
COST OR VALUATION
At 1 June 2023 270,835 2,692 1,726,274
Additions 13,234 - 13,234
Disposals (52,250 ) - (308,378 )
Revaluations - - 19,046
At 31 May 2024 231,819 2,692 1,450,176
DEPRECIATION
At 1 June 2023 198,787 1,840 947,010
Charge for year 15,493 213 75,094
Eliminated on disposal (35,718 ) - (166,847 )
At 31 May 2024 178,562 2,053 855,257
NET BOOK VALUE
At 31 May 2024 53,257 639 594,919
At 31 May 2023 72,048 852 779,264

EKA CONCRETE LTD (REGISTERED NUMBER: 06246911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. TANGIBLE FIXED ASSETS - continued

The volumetric lorries were valued at their market value at the year end.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Volumetric Motor
lorries vehicles Totals
£    £    £   
COST
At 1 June 2023 1,244,153 82,200 1,326,353
Disposals - (42,250 ) (42,250 )
Transfer to ownership (1,244,153 ) (39,950 ) (1,284,103 )
At 31 May 2024 - - -
DEPRECIATION
At 1 June 2023 579,153 58,298 637,451
Charge for year - 2,634 2,634
Eliminated on disposal - (28,882 ) (28,882 )
Transfer to ownership (579,153 ) (32,050 ) (611,203 )
At 31 May 2024 - - -
NET BOOK VALUE
At 31 May 2024 - - -
At 31 May 2023 665,000 23,902 688,902

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 89,737 90,235
Other debtors 11,452 3,385
Prepayments and accrued income 17,593 9,657
118,782 103,277

EKA CONCRETE LTD (REGISTERED NUMBER: 06246911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 20,645 21,235
Hire purchase contracts (see note 9)
-

7,026
Trade creditors 122,997 160,651
Amounts owed to associates 8,636 19,865
Corporation tax 71,881 41,066
PAYE and social security 2,059 2,765
VAT 33,352 26,840
Other creditors 820 598
Director's current account 968 6,012
Accruals and deferred income 17,006 9,686
278,364 295,744

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other loans - 2-5 years 1,180 21,235

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year - 7,026

Non-cancellable operating leases
2024 2023
£    £   
Within one year 46,000 46,000
Between one and five years 72,833 118,833
118,833 164,833

10. SECURED DEBTS

Barclays Bank Plc has a fixed charge over the company's assets.

EKA CONCRETE LTD (REGISTERED NUMBER: 06246911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 90,712 206,788
Other timing differences 58,018 69,038
148,730 275,826

Deferred
tax
£   
Balance at 1 June 2023 275,826
Provided during year (127,096 )
Balance at 31 May 2024 148,730

12. CALLED UP SHARE CAPITAL

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