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REGISTERED NUMBER: 07990340 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MAY 2024

FOR

EWSHOT SALES & SERVICES LIMITED

EWSHOT SALES & SERVICES LIMITED (REGISTERED NUMBER: 07990340)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EWSHOT SALES & SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 MAY 2024







DIRECTORS: Mr C J Plaskett
N A Plaskett





REGISTERED OFFICE: 2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Milton Keynes
MK12 5NN





REGISTERED NUMBER: 07990340 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

EWSHOT SALES & SERVICES LIMITED (REGISTERED NUMBER: 07990340)

BALANCE SHEET
30 MAY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 64,500 86,000
Tangible assets 5 377,417 335,674
441,917 421,674

CURRENT ASSETS
Stocks 1,423,924 1,279,441
Debtors 6 154,071 157,477
Cash at bank and in hand 64,943 171,579
1,642,938 1,608,497
CREDITORS
Amounts falling due within one year 7 1,406,396 1,128,146
NET CURRENT ASSETS 236,542 480,351
TOTAL ASSETS LESS CURRENT
LIABILITIES

678,459

902,025

CREDITORS
Amounts falling due after more than one
year

8

(1,114,277

)

(1,127,207

)

PROVISIONS FOR LIABILITIES - (20,718 )
NET LIABILITIES (435,818 ) (245,900 )

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings (435,819 ) (245,901 )
SHAREHOLDERS' FUNDS (435,818 ) (245,900 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

EWSHOT SALES & SERVICES LIMITED (REGISTERED NUMBER: 07990340)

BALANCE SHEET - continued
30 MAY 2024


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

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 18 November 2024 and were signed on its behalf by:





Mr C J Plaskett - Director


EWSHOT SALES & SERVICES LIMITED (REGISTERED NUMBER: 07990340)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MAY 2024


1. STATUTORY INFORMATION

Ewshot Sales & Services 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.


EWSHOT SALES & SERVICES LIMITED (REGISTERED NUMBER: 07990340)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MAY 2024


2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 31 May 2023
and 30 May 2024 215,000
AMORTISATION
At 31 May 2023 129,000
Amortisation for year 21,500
At 30 May 2024 150,500
NET BOOK VALUE
At 30 May 2024 64,500
At 30 May 2023 86,000

EWSHOT SALES & SERVICES LIMITED (REGISTERED NUMBER: 07990340)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MAY 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Improvements Plant and and
to property machinery fittings
£ £ £
COST
At 31 May 2023 112,731 103,193 2,801
Additions 15,935 79,024 -
Disposals - - -
At 30 May 2024 128,666 182,217 2,801
DEPRECIATION
At 31 May 2023 45,725 27,042 1,790
Charge for year 8,080 33,178 253
Eliminated on disposal - - -
At 30 May 2024 53,805 60,220 2,043
NET BOOK VALUE
At 30 May 2024 74,861 121,997 758
At 30 May 2023 67,006 76,151 1,011

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 31 May 2023 258,698 6,328 483,751
Additions 47,000 - 141,959
Disposals (14,900 ) - (14,900 )
At 30 May 2024 290,798 6,328 610,810
DEPRECIATION
At 31 May 2023 67,628 5,892 148,077
Charge for year 49,927 397 91,835
Eliminated on disposal (6,519 ) - (6,519 )
At 30 May 2024 111,036 6,289 233,393
NET BOOK VALUE
At 30 May 2024 179,762 39 377,417
At 30 May 2023 191,070 436 335,674

EWSHOT SALES & SERVICES LIMITED (REGISTERED NUMBER: 07990340)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MAY 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 31 May 2023 243,000
Additions 42,175
Disposals (14,900 )
At 30 May 2024 270,275
DEPRECIATION
At 31 May 2023 60,750
Charge for year 47,320
Eliminated on disposal (6,519 )
At 30 May 2024 101,551
NET BOOK VALUE
At 30 May 2024 168,724
At 30 May 2023 182,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 77,208 90,513
Other debtors 76,863 66,964
154,071 157,477

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts (see note 9) 9,969 38,029
Hire purchase contracts (see note 10) 40,312 24,398
Trade creditors 341,952 336,177
Taxation and social security 78,901 54,221
Other creditors 935,262 675,321
1,406,396 1,128,146

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans (see note 9) 10,000 20,000
Hire purchase contracts (see note 10) 104,277 107,207
Other creditors 1,000,000 1,000,000
1,114,277 1,127,207

EWSHOT SALES & SERVICES LIMITED (REGISTERED NUMBER: 07990340)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MAY 2024


9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 9,969 38,029

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 20,000

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£ £
Net obligations repayable:
Within one year 40,312 24,398
Between one and five years 104,277 107,207
144,589 131,605

Non-cancellable
operating leases
2024 2023
£ £
Within one year 78,000 78,000

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary 1 1 1