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REGISTERED NUMBER: 09073925 (England and Wales)




































FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

ERIKOM BUILDING SOLUTIONS LIMITED

ERIKOM BUILDING SOLUTIONS LIMITED (REGISTERED NUMBER: 09073925)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ERIKOM BUILDING SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: R A Eriksen
Mrs M C Eriksen





REGISTERED OFFICE: Unit 5 Mitchell Close
Segensworth
Fareham
Hampshire
PO15 5SE





REGISTERED NUMBER: 09073925 (England and Wales)





ACCOUNTANTS: Compass Accountants Limited
Chartered Accountants
Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR

ERIKOM BUILDING SOLUTIONS LIMITED (REGISTERED NUMBER: 09073925)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 80,049 86,294

CURRENT ASSETS
Debtors 5 30,110 108,024
Cash at bank 166,623 154,086
196,733 262,110
CREDITORS
Amounts falling due within one year 6 77,743 125,637
NET CURRENT ASSETS 118,990 136,473
TOTAL ASSETS LESS CURRENT
LIABILITIES

199,039

222,767

CREDITORS
Amounts falling due after more than one
year

7

(9,250

)

(23,669

)

PROVISIONS FOR LIABILITIES (17,844 ) (15,518 )
NET ASSETS 171,945 183,580

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 171,845 183,480
SHAREHOLDERS' FUNDS 171,945 183,580

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ERIKOM BUILDING SOLUTIONS LIMITED (REGISTERED NUMBER: 09073925)

BALANCE SHEET - continued
30TH JUNE 2024


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 Statement of Income and Retained Earnings has not been delivered.

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




R A Eriksen - Director



Mrs M C Eriksen - Director


ERIKOM BUILDING SOLUTIONS LIMITED (REGISTERED NUMBER: 09073925)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

Erikom Building Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Turnover
Revenue for the provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and associated costs can be reliable measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

ERIKOM BUILDING SOLUTIONS LIMITED (REGISTERED NUMBER: 09073925)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


2. ACCOUNTING POLICIES - continued

Basic financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the company is not exposed to significant interest, foreign exchange or credit risks arising from these instruments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st July 2023 141,991 2,663 12,466 157,120
Additions 20,990 - 416 21,406
At 30th June 2024 162,981 2,663 12,882 178,526
DEPRECIATION
At 1st July 2023 61,540 399 8,887 70,826
Charge for year 25,361 340 1,950 27,651
At 30th June 2024 86,901 739 10,837 98,477
NET BOOK VALUE
At 30th June 2024 76,080 1,924 2,045 80,049
At 30th June 2023 80,451 2,264 3,579 86,294

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,064 93,389
Other debtors 13,046 14,635
30,110 108,024

ERIKOM BUILDING SOLUTIONS LIMITED (REGISTERED NUMBER: 09073925)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,120 11,120
Hire purchase contracts (see note 8) 4,964 4,964
Trade creditors 5,028 6,400
Taxation and social security 46,637 78,107
Other creditors 9,994 25,046
77,743 125,637

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,595 17,463
Hire purchase contracts (see note 8) 1,655 6,206
9,250 23,669

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 4,964 4,964
Between one and five years 1,655 6,206
6,619 11,170

Non-cancellable operating leases
2024 2023
£    £   
Within one year 17,000 17,000
Between one and five years 68,000 68,000
In more than five years 17,000 34,000
102,000 119,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 6,619 11,170

ERIKOM BUILDING SOLUTIONS LIMITED (REGISTERED NUMBER: 09073925)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
70 Ordinary A shares £1 70 70
20 Ordinary B shares £1 20 20
10 Ordinary C shares £1 10 10
100 100