Registered number
06838783
EBA Climate Limited
Unaudited Filleted Accounts
31 March 2024
EBA Climate Limited
Registered number: 06838783
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 40,109 49,883
Current assets
Debtors 4 285,986 74,710
Cash at bank and in hand 368,844 321,769
654,830 396,479
Creditors: amounts falling due within one year 5 (261,307) (95,948)
Net current assets 393,523 300,531
Total assets less current liabilities 433,632 350,414
Creditors: amounts falling due after more than one year 6 (11,900) (21,800)
Provisions for liabilities (2,463) (3,246)
Net assets 419,269 325,368
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 418,269 324,368
Shareholder's funds 419,269 325,368
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 D Allsopp
Director
Approved by the board on 7 November 2024
EBA Climate Limited
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 (as applied to small entities by section 1A of the standard).
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 20% reducing balance
Motor vehicles 20% reducing balance
Plant and machinery 20% straight line
Computer equipment over 3 years
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 3,444 13,646 71,737 88,827
Additions - 700 - 700
At 31 March 2024 3,444 14,346 71,737 89,527
Depreciation
At 1 April 2023 2,541 11,617 24,786 38,944
Charge for the year 181 903 9,390 10,474
At 31 March 2024 2,722 12,520 34,176 49,418
Net book value
At 31 March 2024 722 1,826 37,561 40,109
At 31 March 2023 903 2,029 46,951 49,883
4 Debtors 2024 2023
£ £
Trade debtors 284,508 69,937
Other debtors 1,478 4,773
285,986 74,710
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 8,400 8,400
Obligations under finance lease and hire purchase contracts 1,500 3,600
Trade creditors 170,295 21,574
Taxation and social security costs 68,284 42,096
Other creditors 12,828 20,278
261,307 95,948
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,900 20,300
Obligations under finance lease and hire purchase contracts - 1,500
11,900 21,800
7 Related party transactions
During the year the company paid compensation of £9,096 to key management personnel and paid dividends of £40,900.
8 Reconciliation of equity on first time adoption of FRS 102 At At
01/04/2024 01/04/2023
£ £
Capital and reserves (as previously stated) 328,614 205,339
Deferred tax provision (3,246) (3,379)
Capital and reserves (as restated) 325,368 201,960
Reconciliation of profit for the year 2023
£
Profit for the year (as previously reported) 164,175
Deferred tax 133
Profit for the year (as restated) 164,308
9 Other information
EBA Climate Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 3 Near Bank
Shelley
Huddersfield
HD8 8LS
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