Registered number
03624171
Ebusiness UK Limited
Filleted Accounts
29 February 2024
Ebusiness UK Limited
Registered number: 03624171
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,665 3,865
Current assets
Stocks - 117,642
Debtors 4 200,078 175,390
Cash at bank and in hand 367,733 233,863
567,811 526,895
Creditors: amounts falling due within one year 5 (172,652) (165,104)
Net current assets 395,159 361,791
Net assets 400,824 365,656
Capital and reserves
Called up share capital 100 100
Profit and loss account 400,724 365,556
Shareholders' funds 400,824 365,656
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Kamruddin Kothia
Director
Approved by the board on 25 November 2024
Ebusiness UK Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
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:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment 20% reducing balance method
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 12
3 Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 March 2023 62,488
Additions 2,831
At 29 February 2024 65,319
Depreciation
At 1 March 2023 58,623
Charge for the year 1,031
At 29 February 2024 59,654
Net book value
At 29 February 2024 5,665
At 28 February 2023 3,865
4 Debtors 2024 2023
£ £
Trade debtors 101,929 125,662
Other debtors 98,149 49,728
200,078 175,390
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 48,175 50,713
Accruals 15,063 7,938
Taxation and social security costs 109,414 100,236
Other creditors - 6,217
172,652 165,104
6 Other information
Ebusiness UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
Capricorn House
Capricorn Park, Blakewater Road
Blackburn
Lancashire
BB1 5QR
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