Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrue2023-10-01No description of principal activity22true 01318964 2023-10-01 2024-09-30 01318964 2022-10-01 2023-09-30 01318964 2024-09-30 01318964 2023-09-30 01318964 c:Director2 2023-10-01 2024-09-30 01318964 d:PlantMachinery 2023-10-01 2024-09-30 01318964 d:PlantMachinery 2024-09-30 01318964 d:PlantMachinery 2023-09-30 01318964 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01318964 d:MotorVehicles 2023-10-01 2024-09-30 01318964 d:ComputerEquipment 2023-10-01 2024-09-30 01318964 d:ComputerEquipment 2024-09-30 01318964 d:ComputerEquipment 2023-09-30 01318964 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01318964 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01318964 d:FreeholdInvestmentProperty 2024-09-30 01318964 d:FreeholdInvestmentProperty 2023-09-30 01318964 d:FreeholdInvestmentProperty 2 2023-10-01 2024-09-30 01318964 d:CurrentFinancialInstruments 2024-09-30 01318964 d:CurrentFinancialInstruments 2023-09-30 01318964 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 01318964 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 01318964 d:ShareCapital 2024-09-30 01318964 d:ShareCapital 2023-09-30 01318964 d:RevaluationReserve 2023-10-01 2024-09-30 01318964 d:RevaluationReserve 2024-09-30 01318964 d:RevaluationReserve 2023-09-30 01318964 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 01318964 d:RetainedEarningsAccumulatedLosses 2024-09-30 01318964 d:RetainedEarningsAccumulatedLosses 2023-09-30 01318964 c:FRS102 2023-10-01 2024-09-30 01318964 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 01318964 c:FullAccounts 2023-10-01 2024-09-30 01318964 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01318964 2 2023-10-01 2024-09-30 01318964 5 2023-10-01 2024-09-30 01318964 f:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 01318964










EBTEK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
EBTEK LIMITED
REGISTERED NUMBER: 01318964

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,874
15,957

Investment property
 5 
2,102,986
1,208,250

  
2,114,860
1,224,207

Current assets
  

Debtors: amounts falling due within one year
 6 
-
4,065

Cash at bank and in hand
 7 
594,135
595,223

  
594,135
599,288

Creditors: amounts falling due within one year
 8 
(26,438)
(21,939)

Net current assets
  
 
 
567,697
 
 
577,349

Total assets less current liabilities
  
2,682,557
1,801,556

Provisions for liabilities
  

Deferred tax
  
(1,272)
(2,962)

  
 
 
(1,272)
 
 
(2,962)

Net assets
  
2,681,285
1,798,594


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
 9 
920,815
26,079

Profit and loss account
 9 
1,760,370
1,772,415

  
2,681,285
1,798,594


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 January 2025.

Page 1

 
EBTEK LIMITED
REGISTERED NUMBER: 01318964

BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

................................................
Dean Halley
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
EBTEK LIMITED
 

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

1.


General information

Ebtek Limited is a private company limited by shares incorporated in England and Wales. The registered office is 601 London Road, Westclifff-On-Sea, SS0 9PE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
EBTEK LIMITED
 

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

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the methods listed below.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing Balance
Motor vehicles
-
25%
Reducing Balance
Computer equipment
-
3 Years Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
EBTEK LIMITED
 

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

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023
£
£

Wages and salaries
29,197
13,579

Social security costs
2,773
618

31,970
14,197


The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
EBTEK LIMITED
 

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

4.


Tangible fixed assets





Plant and machinery
Computer equipment
Total

£
£
£



Cost or valuation


At 1 October 2023
148,371
1,231
149,602



At 30 September 2024

148,371
1,231
149,602



Depreciation


At 1 October 2023
132,735
909
133,644


Charge for the year on owned assets
3,909
175
4,084



At 30 September 2024

136,644
1,084
137,728



Net book value



At 30 September 2024
11,727
147
11,874



At 30 September 2023
15,636
322
15,958

Page 6

 
EBTEK LIMITED
 

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

5.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
1,208,250


Surplus on revaluation
894,736



At 30 September 2024
2,102,986

The 2024 valuations were made by the directors, on an open market value for existing use basis.




Page 7

 
EBTEK LIMITED
 

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

6.


Debtors

2024
2023
£
£


Other debtors
-
4,065

-
4,065



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
594,135
595,223

594,135
595,223



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
7,812
7,538

Other taxation and social security
3,895
2,698

Other creditors
9,466
9,198

Accruals and deferred income
5,265
2,505

26,438
21,939



9.


Reserves

Revaluation reserve

The revaluation reserve includes all current and prior surpluses net of any deficits, and net of any deferred taxation provisions.

Profit and loss account

The profit and loss reserve includes all current and prior retained profits and losses.

Page 8

 
EBTEK LIMITED
 

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

10.


Related party transactions

During the year the following transactions took place between the company and the director. 
Dividends: E Halley: £43,500 (2023,£1,500)
During the year the following transactions occured between the company and Nant Hir Farm Services Ltd, a company of which director D Halley is also director and shareholder.
Expenditure: £0 (2023: £12,000 from appointment)

Page 9