ERAA (U.K.) Limited 02186682 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is Manufacture of fabricated metal products Digita Accounts Production Advanced 6.30.9574.0 true false true 02186682 2024-01-01 2024-12-31 02186682 2024-12-31 02186682 bus:OrdinaryShareClass1 2024-12-31 02186682 core:CurrentFinancialInstruments 2024-12-31 02186682 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 02186682 core:Non-currentFinancialInstruments 2024-12-31 02186682 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 02186682 core:FurnitureFittingsToolsEquipment 2024-12-31 02186682 core:OtherPropertyPlantEquipment 2024-12-31 02186682 core:AllSubsidiaries 2024-12-31 02186682 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-12-31 02186682 bus:SmallEntities 2024-01-01 2024-12-31 02186682 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 02186682 bus:FullAccounts 2024-01-01 2024-12-31 02186682 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02186682 bus:RegisteredOffice 2024-01-01 2024-12-31 02186682 bus:CompanySecretaryDirector1 2024-01-01 2024-12-31 02186682 bus:Director1 2024-01-01 2024-12-31 02186682 bus:Director2 2024-01-01 2024-12-31 02186682 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 02186682 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02186682 core:FurnitureFittings 2024-01-01 2024-12-31 02186682 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 02186682 core:MotorVehicles 2024-01-01 2024-12-31 02186682 core:OfficeEquipment 2024-01-01 2024-12-31 02186682 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 02186682 core:PlantMachinery 2024-01-01 2024-12-31 02186682 core:AllSubsidiaries 2024-01-01 2024-12-31 02186682 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-01-01 2024-12-31 02186682 countries:EnglandWales 2024-01-01 2024-12-31 02186682 2023-12-31 02186682 core:CostValuation 2023-12-31 02186682 core:FurnitureFittingsToolsEquipment 2023-12-31 02186682 core:OtherPropertyPlantEquipment 2023-12-31 02186682 core:AllSubsidiaries 2023-12-31 02186682 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-12-31 02186682 2023-01-01 2023-12-31 02186682 2023-12-31 02186682 bus:OrdinaryShareClass1 2023-12-31 02186682 core:CurrentFinancialInstruments 2023-12-31 02186682 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 02186682 core:Non-currentFinancialInstruments 2023-12-31 02186682 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 02186682 core:FurnitureFittingsToolsEquipment 2023-12-31 02186682 core:OtherPropertyPlantEquipment 2023-12-31 02186682 core:AllSubsidiaries 2023-12-31 02186682 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-12-31 02186682 core:AllSubsidiaries 2023-01-01 2023-12-31 02186682 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-01-01 2023-12-31 02186682 2022-12-31 02186682 core:AllSubsidiaries 2022-12-31 02186682 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02186682

ERAA (U.K.) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

ERAA (U.K.) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

ERAA (U.K.) Limited

Company Information

Directors

Mr Shaun Singh

Mr Ravindra Singh

Mrs Padmini Singh

Company secretary

Mrs Padmini Singh

Registered office

Suite 202, Northlight Industries
Pendle Road
Brierfield
Lancashire
BB9 5FL

Accountants

Hughes Accountants Limited
AAT Licensed Accountant
Ground Floor Unit 8, Vantage Court
Riverside Way
Barrowford
Nelson
Lancashire
BB9 6BP

 

ERAA (U.K.) Limited

(Registration number: 02186682)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

23,689

28,951

Investments

5

385,560

385,560

 

409,249

414,511

Current assets

 

Stocks

6

14,148

7,900

Debtors

7

269,811

259,149

Cash at bank and in hand

 

21,472

16,671

 

305,431

283,720

Creditors: Amounts falling due within one year

8

(491,804)

(478,077)

Net current liabilities

 

(186,373)

(194,357)

Total assets less current liabilities

 

222,876

220,154

Creditors: Amounts falling due after more than one year

8

(34,832)

(35,674)

Net assets

 

188,044

184,480

Capital and reserves

 

Called up share capital

9

250

250

Retained earnings

187,794

184,230

Shareholders' funds

 

188,044

184,480

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 April 2025 and signed on its behalf by:
 

 

ERAA (U.K.) Limited

(Registration number: 02186682)
Balance Sheet as at 31 December 2024

.........................................
Mr Shaun Singh
Director

 

ERAA (U.K.) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite 202, Northlight Industries
Pendle Road
Brierfield
Lancashire
BB9 5FL

These financial statements were authorised for issue by the Board on 1 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

 

ERAA (U.K.) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

Fixtures and fittings

20% reducing balance

Office equipment

25% reducing balance

Motor vehicles

10% reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

ERAA (U.K.) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 3).

 

ERAA (U.K.) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 January 2024

10,119

45,737

55,856

Additions

424

-

424

At 31 December 2024

10,543

45,737

56,280

Depreciation

At 1 January 2024

8,647

18,258

26,905

Charge for the year

190

5,496

5,686

At 31 December 2024

8,837

23,754

32,591

Carrying amount

At 31 December 2024

1,706

21,983

23,689

At 31 December 2023

1,472

27,479

28,951

5

Investments

2024
£

2023
£

Investments in subsidiaries

385,560

385,560

Subsidiaries

£

Cost or valuation

At 1 January 2024

385,560

Provision

Carrying amount

At 31 December 2024

385,560

At 31 December 2023

385,560

6

Stocks

2024
£

2023
£

Other inventories

14,148

7,900

 

ERAA (U.K.) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Debtors

Current

2024
£

2023
£

Trade debtors

31,437

35,352

Other debtors

238,374

223,797

 

269,811

259,149

 

ERAA (U.K.) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

5,000

5,205

Trade creditors

 

8,571

2,367

Taxation and social security

 

7,836

8,447

Accruals and deferred income

 

-

2,559

Other creditors

 

470,397

459,499

 

491,804

478,077

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

34,832

35,674

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

10

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

34,832

35,674

 

ERAA (U.K.) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

2024
£

2023
£

Current loans and borrowings

Bank borrowings

5,000

5,000

Bank overdrafts

-

205

5,000

5,205

11

Related party transactions

Loans from related parties

2024

Subsidiary
£

Key management
£

Total
£

At start of period

117,454

310,196

427,650

Advanced

4,366

-

4,366

At end of period

121,820

310,196

432,016

2023

Subsidiary
£

Key management
£

Total
£

At start of period

124,687

334,623

459,310

Advanced

3,200

-

3,200

Repaid

(10,433)

(24,427)

(34,860)

At end of period

117,454

310,196

427,650