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Registration number: SC625815

EBO Paving & Groundworks Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

EBO Paving & Groundworks Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

EBO Paving & Groundworks Ltd

Company Information

Director

Mr Piotr Kucharski

Registered office

2 Duntreath Place
Edinburgh
Midlothian
EH16 4ZA

 

EBO Paving & Groundworks Ltd

(Registration number: SC625815)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

72,827

6,845

Current assets

 

Debtors

5

131,205

105,881

Cash at bank and in hand

 

57,807

36,010

 

189,012

141,891

Creditors: Amounts falling due within one year

6

(165,646)

(74,579)

Net current assets

 

23,366

67,312

Total assets less current liabilities

 

96,193

74,157

Creditors: Amounts falling due after more than one year

6

(33,796)

-

Provisions for liabilities

(12,520)

-

Net assets

 

49,877

74,157

Capital and reserves

 

Called up share capital

1

1

Retained earnings

49,876

74,156

Shareholders' funds

 

49,877

74,157

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 January 2025
 

Mr Piotr Kucharski
Director

   
     
 

EBO Paving & Groundworks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
2 Duntreath Place
Edinburgh
Midlothian
EH16 4ZA
Scotland

These financial statements were authorised for issue by the director on 31 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

EBO Paving & Groundworks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Straight line

Motor Vehicles

25% Reducing balance

Plant & Machinery

25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

 

EBO Paving & Groundworks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

EBO Paving & Groundworks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Office Equipment
 £

Motor vehicles
 £

Plant & Machinery
£

Total
£

Cost or valuation

At 1 April 2023

1,328

-

8,669

9,997

Additions

3,138

74,063

2,769

79,970

At 31 March 2024

4,466

74,063

11,438

89,967

Depreciation

At 1 April 2023

55

-

3,097

3,152

Charge for the year

746

11,330

1,912

13,988

At 31 March 2024

801

11,330

5,009

17,140

Carrying amount

At 31 March 2024

3,665

62,733

6,429

72,827

At 31 March 2023

1,273

-

5,572

6,845

Fixed assets include assets which are held under hire purchase arrangements, which are secured on the assets concerned. The net book value of such assets is £38,463 and the depreciation charged in the year on these assets was £6,567.

5

Debtors

2024
£

2023
£

Prepayments

3,269

-

Other debtors

127,936

105,881

131,205

105,881

 

EBO Paving & Groundworks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

17,408

35,646

Trade creditors

 

286

-

Taxation and social security

 

143,818

29,683

Accruals and deferred income

 

3,943

-

Other creditors

 

191

9,250

 

165,646

74,579


Creditors include net obligations under hire purchase contracts which are secured on the assets concerned of £5,800.

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

33,796

-


Creditors include net obligations under hire purchase contracts which are secured on the assets concerned of £21,935.

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary Share of £1 each

1

1

1

1

         
 

EBO Paving & Groundworks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

8

Dividends

2024

2023

£

£

Interim dividend of £87,000.00 (2023 - £43,575.00) per ordinary share

87,000

43,575

 

 

9

Related party transactions

At the balance sheet date, the director owed the company £21,908 (2023: £9,250 owed to the director). This loan is being charged at the official rate of interest and is repayable on demand.