Company Registration No. 10790538 (England and Wales)
ETB ASSOCIATES LIMITED
Unaudited accounts
for the year ended 31 May 2024
ETB ASSOCIATES LIMITED
Unaudited accounts
Contents
ETB ASSOCIATES LIMITED
Company Information
for the year ended 31 May 2024
Directors
Thomas D Bewick
Elliot T Bewick
Jaderesa M Gallego
Company Number
10790538 (England and Wales)
Registered Office
20-22 Wenlock Road
London
N1 7GU
England
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
ETB ASSOCIATES LIMITED
Accountants' report
Accountants' report to the board of directors of ETB ASSOCIATES LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
ETB ASSOCIATES LIMITED for the year ended
31 May 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ETB ASSOCIATES LIMITED, as a body, in accordance with the terms of our engagement letter dated 23 January 2025. Our work has been undertaken solely to prepare for your approval the accounts of ETB ASSOCIATES LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ETB ASSOCIATES LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ETB ASSOCIATES LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of ETB ASSOCIATES LIMITED. You consider that ETB ASSOCIATES LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ETB ASSOCIATES LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
23 January 2025
ETB ASSOCIATES LIMITED
Statement of financial position
as at 31 May 2024
Tangible assets
1,644
1,620
Cash at bank and in hand
266
35,561
Creditors: amounts falling due within one year
(45,314)
(66,468)
Net current liabilities
(45,048)
(30,907)
Net liabilities
(43,404)
(29,287)
Called up share capital
1
1
Profit and loss account
(43,405)
(29,288)
Shareholders' funds
(43,404)
(29,287)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by
Thomas D Bewick
Director
Company Registration No. 10790538
ETB ASSOCIATES LIMITED
Notes to the Accounts
for the year ended 31 May 2024
ETB ASSOCIATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10790538. The registered office is 20-22 Wenlock Road, London, N1 7GU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Computer equipment
25% reducing balance
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
1,996
1,265
3,261
At 31 May 2024
1,996
1,713
3,709
At 1 June 2023
1,640
1
1,641
Charge for the year
89
335
424
At 31 May 2024
1,729
336
2,065
At 31 May 2024
267
1,377
1,644
At 31 May 2023
356
1,264
1,620
ETB ASSOCIATES LIMITED
Notes to the Accounts
for the year ended 31 May 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
20
Other creditors
35,919
35,000
Loans from directors
8,644
30,719
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Current accounts
(30,719)
(20,502)
(42,577)
(8,644)
(30,719)
(20,502)
(42,577)
(8,644)
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).