EB Prod Ltd
Registered number: 13259686
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,561 686
Current assets
Debtors 4 166,602 90,168
Cash at bank and in hand 56,073 124,121
222,675 214,289
Creditors: amounts falling due within one year 5 (12,017) (36,797)
Net current assets 210,658 177,492
Net assets 212,219 178,178
Capital and reserves
Called up share capital 1 1
Profit and loss account 212,218 178,177
Shareholder's funds 212,219 178,178
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr E Beskardes
Director
Approved by the board on 4 November 2024
EB Prod Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 1,374
Additions 1,624
At 31 March 2024 2,998
Depreciation
At 1 April 2023 688
Charge for the year 749
At 31 March 2024 1,437
Net book value
At 31 March 2024 1,561
At 31 March 2023 686
4 Debtors 2024 2023
£ £
Trade debtors 22,507 73,197
Directors loan account 123,241 -
Other debtors 20,854 16,971
166,602 90,168
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,251 -
Directors loan account - 10,413
Corporation tax 8,766 18,136
Other taxes and social security costs - 6,855
Other creditors - 1,393
12,017 36,797
6 Other information
EB Prod Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Bourne House
23 Hinton Road
Bournemouth
Dorset
BH1 2EF
7 Directors loan account
During the year the director, Ersan Beskardes, had a loan account with the company. The balance of the loan as at the balance sheet date was £123,241. The loan is interest free and there are no fixed terms of repayment.
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