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REGISTERED NUMBER: 09287490 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

EDB (UK) Limited

EDB (UK) Limited (Registered number: 09287490)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


EDB (UK) Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: G Hall
S D Ballard
Mrs N Ballard
Mrs J Hall





REGISTERED OFFICE: 5 Willow Walk
Cowbridge
CF71 7EE





REGISTERED NUMBER: 09287490 (England and Wales)





ACCOUNTANTS: Macey Owen Limited
5, Willow Walk
Cowbridge
Vale of Glamorgan
CF71 7EE

EDB (UK) Limited (Registered number: 09287490)

Abridged Balance Sheet
31 May 2024

31/5/24 31/5/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 535,246 607,950

CURRENT ASSETS
Stocks 22,800 20,000
Debtors 809,311 490,671
Cash at bank 748,264 1,158,193
1,580,375 1,668,864
CREDITORS
Amounts falling due within one year (937,013 ) (933,069 )
NET CURRENT ASSETS 643,362 735,795
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,178,608

1,343,745

CREDITORS
Amounts falling due after more than one year 5 (60,861 ) (240,468 )

PROVISIONS FOR LIABILITIES (123,372 ) (93,225 )
NET ASSETS 994,375 1,010,052

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 994,275 1,009,952
SHAREHOLDERS' FUNDS 994,375 1,010,052

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 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.

EDB (UK) Limited (Registered number: 09287490)

Abridged Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:





S D Ballard - Director


EDB (UK) Limited (Registered number: 09287490)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

EDB (UK) 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.

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
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.
Plant and machinery etc - 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

EDB (UK) Limited (Registered number: 09287490)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 809,362
Additions 122,703
Disposals (125,504 )
At 31 May 2024 806,561
DEPRECIATION
At 1 June 2023 201,412
Charge for year 86,002
Eliminated on disposal (16,099 )
At 31 May 2024 271,315
NET BOOK VALUE
At 31 May 2024 535,246
At 31 May 2023 607,950

Included in Fixed Assets are assets held under HP contracts. The net book value of these assets amount to £16,259 (2023: £109,101)

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31/5/24 31/5/23
£    £   
Repayable by instalments
Other loans more 5yrs instal 60,861 139,944

6. SECURED DEBTS

The following secured debts are included within creditors:

31/5/24 31/5/23
£    £   
Other loans 139,953 219,036
Hire purchase contracts 4,494 110,869
144,447 329,905

The company took out an Coronavirus Business Interruption Loan under the government's loan scheme.

EDB (UK) Limited (Registered number: 09287490)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


7. CAPITAL COMMITMENTS
31/5/24 31/5/23
£    £   
Contracted but not provided for in the
financial statements 127,428 -

8. OTHER FINANCIAL COMMITMENTS

The company has a lease agreement with the landlord of their trading premises. The lease is for 15 years with the 1st break clause at year 5 starting in 2019.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the shareholders and directors owed the company £96,877 (2023: £38,356).

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £279,759 (2023 - £227,594) were paid to the directors .

11. ULTIMATE CONTROLLING PARTY

The controlling party is G Hall.