Registered number
05303036
Eskens Tinting Solutions UK Limited
Unaudited Filleted Accounts
31 December 2024
Eskens Tinting Solutions UK Limited
Registered number: 05303036
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1,866 7,552
Tangible assets 4 149,450 170,116
151,316 177,668
Current assets
Stocks 966,576 1,088,498
Debtors 5 757,013 1,187,319
Cash at bank and in hand (71,006) (97,955)
1,652,583 2,177,862
Creditors: amounts falling due within one year 6 (960,183) (1,485,962)
Net current assets 692,400 691,900
Total assets less current liabilities 843,716 869,568
Creditors: amounts falling due after more than one year 7 (6,520) (16,616)
Net assets 837,196 852,952
Capital and reserves
Called up share capital 2 2
Profit and loss account 837,194 852,950
Shareholder's funds 837,196 852,952
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B Seijenser
Director
Approved by the board on 14 May 2025
Eskens Tinting Solutions UK Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Improvements to property over term of lease
Fixtures, fittings, tools and equipment 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 37 35
3 Intangible fixed assets £
Software development:
Cost
At 1 January 2024 56,856
At 31 December 2024 56,856
Amortisation
At 1 January 2024 49,304
Provided during the year 5,686
At 31 December 2024 54,990
Net book value
At 31 December 2024 1,866
At 31 December 2023 7,552
Software development is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Improvements to leasehold property Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 157,515 292,058 62,785 512,358
Additions 750 11,868 3,736 16,354
At 31 December 2024 158,265 303,926 66,521 528,712
Depreciation
At 1 January 2024 127,076 176,191 38,975 342,242
Charge for the year 11,089 19,044 6,887 37,020
At 31 December 2024 138,165 195,235 45,862 379,262
Net book value
At 31 December 2024 20,100 108,691 20,659 149,450
At 31 December 2023 30,439 115,867 23,810 170,116
5 Debtors 2024 2023
£ £
Trade debtors 686,039 1,103,531
Other debtors 70,974 83,788
757,013 1,187,319
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 545,707 1,195,309
Taxation and social security costs 289,812 59,802
Other creditors 114,664 220,851
960,183 1,485,962
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 6,520 16,616
8 Other information
Eskens Tinting Solutions UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 Colville Court
Winwick Quay
Warrington
Cheshire
WA2 8QT
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