BrightAccountsProduction v1.0.0 v1.0.0 2023-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the supply and installation of electronic scoreboards. 1 August 2024 1 1 NI054513 2024-06-30 NI054513 2023-03-31 NI054513 2022-03-31 NI054513 2023-04-01 2024-06-30 NI054513 2022-04-01 2023-03-31 NI054513 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-06-30 NI054513 uk-curr:PoundSterling 2023-04-01 2024-06-30 NI054513 uk-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-06-30 NI054513 uk-bus:FullAccounts 2023-04-01 2024-06-30 NI054513 uk-core:ShareCapital 2024-06-30 NI054513 uk-core:ShareCapital 2023-03-31 NI054513 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 NI054513 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI054513 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-06-30 NI054513 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI054513 uk-bus:FRS102 2023-04-01 2024-06-30 NI054513 uk-core:Goodwill 2023-04-01 2024-06-30 NI054513 uk-core:PlantMachinery 2023-04-01 2024-06-30 NI054513 uk-core:MotorVehicles 2023-04-01 2024-06-30 NI054513 uk-core:Goodwill 2023-03-31 NI054513 uk-core:Goodwill 2024-06-30 NI054513 uk-core:WithinOneYear 2024-06-30 NI054513 uk-core:WithinOneYear 2023-03-31 NI054513 uk-core:WithinOneYear 2024-06-30 NI054513 uk-core:WithinOneYear 2023-03-31 NI054513 uk-core:AfterOneYear 2024-06-30 NI054513 uk-core:AfterOneYear 2023-03-31 NI054513 uk-core:OtherMiscellaneousReserve 2023-03-31 NI054513 uk-core:OtherMiscellaneousReserve 2023-04-01 2024-06-30 NI054513 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-06-30 NI054513 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-06-30 NI054513 uk-core:OtherDeferredTax 2024-06-30 NI054513 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-06-30 NI054513 uk-core:OtherMiscellaneousReserve 2024-06-30 NI054513 2023-04-01 2024-06-30 NI054513 uk-bus:Director1 2023-04-01 2024-06-30 NI054513 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-06-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
Company Registration Number: NI054513
 
 
Electronic Scoreboard Units Ltd
 
Unaudited Financial Statements
 
for the financial period ended 30 June 2024
Electronic Scoreboard Units Ltd
Company Registration Number: NI054513
BALANCE SHEET
as at 30 June 2024

Jun 24 Mar 23
Notes £ £
 
Fixed Assets
Tangible assets 6 7,920 10,823
───────── ─────────
 
Current Assets
Stocks 7 - 31,401
Debtors 8 6,581 25,989
Cash and cash equivalents 83,746 51,900
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90,327 109,290
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Creditors: amounts falling due within one year 9 (9,292) (36,325)
───────── ─────────
Net Current Assets 81,035 72,965
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Total Assets less Current Liabilities 88,955 83,788
 
Creditors:
amounts falling due after more than one year 10 (85,976) -
 
Provisions for liabilities 12 (1,979) 1,662
───────── ─────────
Net Assets 1,000 85,450
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Capital and Reserves
Called up share capital 1,000 1,000
Retained earnings - 84,450
───────── ─────────
Equity attributable to owners of the company 1,000 85,450
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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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial period ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.
           
Approved by the Director and authorised for issue on 1 August 2024
           
           
________________________________          
Brenda Meenan          
Director          
           



Electronic Scoreboard Units Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial period ended 30 June 2024

   
1. General Information
 
Electronic Scoreboard Units Ltd is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 17 Tullagh Drive, Cookstown, Co Tyrone. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 June 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 25% Reducing Balance
  Motor vehicles - 20% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Period of financial statements
 
The financial statements are for the 15 month period ended 30 June 2024.
       
4. Employees
 
The average monthly number of employees, including director, during the financial period was 1, (Mar 23 - 1).
 
  Jun 24 Mar 23
  Number Number
 
Employees 1 1
  ═════════ ═════════
       
5. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 April 2023 5,000 5,000
  ───────── ─────────
 
At 30 June 2024 5,000 5,000
  ───────── ─────────
Amortisation
 
At 30 June 2024 5,000 5,000
  ───────── ─────────
Net book value
At 30 June 2024 - -
  ═════════ ═════════
         
6. Tangible assets
  Plant and Motor Total
  machinery vehicles  
       
  £ £ £
Cost
At 1 April 2023 9,456 9,500 18,956
  ───────── ───────── ─────────
 
At 30 June 2024 9,456 9,500 18,956
  ───────── ───────── ─────────
Depreciation
At 1 April 2023 6,234 1,899 8,133
Charge for the financial period 1,003 1,900 2,903
  ───────── ───────── ─────────
At 30 June 2024 7,237 3,799 11,036
  ───────── ───────── ─────────
Net book value
At 30 June 2024 2,219 5,701 7,920
  ═════════ ═════════ ═════════
At 31 March 2023 3,222 7,601 10,823
  ═════════ ═════════ ═════════
       
7. Stocks Jun 24 Mar 23
  £ £
 
Work in progress - 2,243
Finished goods and goods for resale - 29,158
  ───────── ─────────
  - 31,401
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
8. Debtors Jun 24 Mar 23
  £ £
 
Trade debtors 6,581 25,989
  ═════════ ═════════
       
9. Creditors Jun 24 Mar 23
Amounts falling due within one year £ £
 
Bank overdrafts - 869
Trade creditors - 29,276
Amounts owed to group undertakings - 333
Taxation  (Note 11) 7,266 3,720
Director's current account 826 826
Accruals:
Pension accrual - 101
Other accruals 1,200 1,200
  ───────── ─────────
  9,292 36,325
  ═════════ ═════════
       
10. Creditors Jun 24 Mar 23
Amounts falling due after more than one year £ £
 
Amounts owed to group undertakings 85,976 -
  ═════════ ═════════
 
       
11. Taxation Jun 24 Mar 23
  £ £
 
Creditors:
VAT 7,266 3,720
  ═════════ ═════════
           
12. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Losses Total Total
  allowances      
         
      Jun 24 Mar 23
  £ £ £ £
 
At financial period start 2,056 (3,718) (1,662) 1,245
Charged to profit and loss (77) 3,718 3,641 (2,907)
  ───────── ───────── ───────── ─────────
At financial period end 1,979 - 1,979 (1,662)
  ═════════ ═════════ ═════════ ═════════
           
13. Related party transactions
 
At the start of the year, the directors of Electronic Scoreboard Units Ltd were owed £826. During the year the company repaid £NIL leaving a closing balance owed to the directors of £826 (2023: £826). This amount is included in the creditors section of the balance sheet.