IRIS Accounts Production v25.1.3.33 02233595 Board of Directors 1.2.24 31.1.25 31.1.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh022335952024-01-31022335952025-01-31022335952024-02-012025-01-31022335952023-01-31022335952023-02-012024-01-31022335952024-01-3102233595ns15:EnglandWales2024-02-012025-01-3102233595ns14:PoundSterling2024-02-012025-01-3102233595ns10:Director12024-02-012025-01-3102233595ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3102233595ns10:SmallEntities2024-02-012025-01-3102233595ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3102233595ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3102233595ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3102233595ns10:FullAccounts2024-02-012025-01-3102233595ns10:Director22024-02-012025-01-3102233595ns10:CompanySecretary12024-02-012025-01-3102233595ns10:RegisteredOffice2024-02-012025-01-3102233595ns5:CurrentFinancialInstruments2025-01-3102233595ns5:CurrentFinancialInstruments2024-01-3102233595ns5:ShareCapital2025-01-3102233595ns5:ShareCapital2024-01-3102233595ns5:RetainedEarningsAccumulatedLosses2025-01-3102233595ns5:RetainedEarningsAccumulatedLosses2024-01-3102233595ns5:LandBuildings2024-02-012025-01-3102233595ns5:PlantMachinery2024-02-012025-01-3102233595ns5:LandBuildings2024-01-3102233595ns5:PlantMachinery2024-01-3102233595ns5:LandBuildings2025-01-3102233595ns5:PlantMachinery2025-01-3102233595ns5:LandBuildings2024-01-3102233595ns5:PlantMachinery2024-01-3102233595ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3102233595ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3102233595ns5:WithinOneYear2025-01-3102233595ns5:WithinOneYear2024-01-3102233595ns5:BetweenOneFiveYears2025-01-3102233595ns5:BetweenOneFiveYears2024-01-3102233595ns5:AllPeriods2025-01-3102233595ns5:AllPeriods2024-01-31
REGISTERED NUMBER: 02233595 (England and Wales)















Financial Statements for the Year Ended 31 January 2025

for

Electronic Reading Systems Limited

Electronic Reading Systems Limited (Registered number: 02233595)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Electronic Reading Systems Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: M H Villers
S T Ball





SECRETARY: Honeycroft Services Limited





REGISTERED OFFICE: 11 & 13 Railton Road
Wolseley Business Park
Kempston
Bedfordshire
MK42 7PW





REGISTERED NUMBER: 02233595 (England and Wales)





ACCOUNTANTS: George Arthur Limited
Chartered Accountants
Suite 6B, Wentworth Lodge
Great North Road
Welwyn Garden City
Hertfordshire
AL8 7SR

Electronic Reading Systems Limited (Registered number: 02233595)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 70,023 50,378

CURRENT ASSETS
Stocks 460,678 527,252
Debtors 5 422,464 448,655
Cash at bank 788,420 619,243
1,671,562 1,595,150
CREDITORS
Amounts falling due within one year 6 1,192,186 1,170,187
NET CURRENT ASSETS 479,376 424,963
TOTAL ASSETS LESS CURRENT
LIABILITIES

549,399

475,341

PROVISIONS FOR LIABILITIES 13,108 6,949
NET ASSETS 536,291 468,392

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 536,191 468,292
SHAREHOLDERS' FUNDS 536,291 468,392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Electronic Reading Systems Limited (Registered number: 02233595)

Balance Sheet - continued
31 January 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by:





M H Villers - Director


Electronic Reading Systems Limited (Registered number: 02233595)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Electronic Reading Systems Limited 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.

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 represents amounts receivable for goods and services provided in the normal course of business, net of trade discounts and VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance, 20% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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 17 (2024 - 17 ) .

Electronic Reading Systems Limited (Registered number: 02233595)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2024 66,973 201,631 268,604
Additions - 38,473 38,473
At 31 January 2025 66,973 240,104 307,077
DEPRECIATION
At 1 February 2024 47,830 170,396 218,226
Charge for year 4,783 14,045 18,828
At 31 January 2025 52,613 184,441 237,054
NET BOOK VALUE
At 31 January 2025 14,360 55,663 70,023
At 31 January 2024 19,143 31,235 50,378

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 360,229 374,784
Amounts recoverable on contract 15,000 15,000
Other debtors 47,235 58,871
422,464 448,655

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 1,030,279 1,001,423
Taxation and social security 111,566 121,511
Other creditors 50,341 47,253
1,192,186 1,170,187

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 76,785 70,477
Between one and five years 145,459 196,647
222,244 267,124