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REGISTERED NUMBER: 04217074 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

E.B.I. SOLUTIONS LTD

E.B.I. SOLUTIONS LTD (REGISTERED NUMBER: 04217074)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E.B.I. SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: M V Doel





SECRETARY: M V Doel





REGISTERED OFFICE: 29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA





REGISTERED NUMBER: 04217074 (England and Wales)





ACCOUNTANTS: Lemans
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA

E.B.I. SOLUTIONS LTD (REGISTERED NUMBER: 04217074)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,835 65,059

CURRENT ASSETS
Debtors 5 377,600 222,820
Cash at bank and in hand 32,699 513,069
410,299 735,889
CREDITORS
Amounts falling due within one year 6 184,933 189,120
NET CURRENT ASSETS 225,366 546,769
TOTAL ASSETS LESS CURRENT
LIABILITIES

241,201

611,828

CREDITORS
Amounts falling due after more than one
year

7

(249,321

)

(355,953

)

PROVISIONS FOR LIABILITIES (3,765 ) (16,029 )
NET (LIABILITIES)/ASSETS (11,885 ) 239,846

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (11,985 ) 239,746
SHAREHOLDERS' FUNDS (11,885 ) 239,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

E.B.I. SOLUTIONS LTD (REGISTERED NUMBER: 04217074)

BALANCE SHEET - continued
31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2024 and were signed by:





M V Doel - Director


E.B.I. SOLUTIONS LTD (REGISTERED NUMBER: 04217074)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

E.B.I. Solutions Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & computer equipment - 50% on cost and 25% on reducing balance
Motor vehicles - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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 20 (2023 - 24 ) .

E.B.I. SOLUTIONS LTD (REGISTERED NUMBER: 04217074)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
& computer Motor
equipment vehicles Totals
£    £    £   
COST
At 1 June 2023 237,351 154,267 391,618
Disposals - (76,777 ) (76,777 )
At 31 May 2024 237,351 77,490 314,841
DEPRECIATION
At 1 June 2023 210,859 115,700 326,559
Charge for year 10,657 38,567 49,224
Eliminated on disposal - (76,777 ) (76,777 )
At 31 May 2024 221,516 77,490 299,006
NET BOOK VALUE
At 31 May 2024 15,835 - 15,835
At 31 May 2023 26,492 38,567 65,059

The value of assets held on hire purchase at the 31 May 2024 is £nil (2023 - 19,373).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 39,499 161,424
Other debtors - 3,139
Directors' current accounts 257,184 -
Corporation tax 80,917 58,257
377,600 222,820

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 65,951 58,877
Hire purchase contracts (see note 8) 40,680 11,466
Trade creditors 11,286 38,022
Social security and other taxes 25,305 39,190
Directors' current accounts - 3,205
Accruals & deferred income 41,711 38,360
184,933 189,120

E.B.I. SOLUTIONS LTD (REGISTERED NUMBER: 04217074)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 249,321 315,273
Hire purchase contracts (see note 8) - 40,680
249,321 355,953

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.5.24 31.5.23
£    £   
Net obligations repayable:
Within one year 40,680 11,466
Between one and five years - 40,680
40,680 52,146

Non-cancellable operating leases
31.5.24 31.5.23
£    £   
Within one year - 26,688

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 315,272 374,150
Hire purchase contracts 40,680 52,146
355,952 426,296

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

E.B.I. SOLUTIONS LTD (REGISTERED NUMBER: 04217074)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
M V Doel
Balance outstanding at start of year - -
Amounts advanced 127,776 70,000
Amounts repaid - (70,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 127,776 -

M D Cox
Balance outstanding at start of year - -
Amounts advanced 129,408 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 129,408 -

Interest amounting to £nil (2023 - £389) was charged on director's loans during the year.

In June 2024, the loan relating to M D Cox was repaid in full.

12. ULTIMATE CONTROLLING PARTY

On 24 June 2024, company director M V Doel became the controlling party of the company.