Company registration number 2440189 (England and Wales)
ELECTRONIC BUSINESS MACHINES LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
ELECTRONIC BUSINESS MACHINES LIMITED
CONTENTS
Page
Director's report
1
Balance sheet
2
Notes to the financial statements
3 - 4
ELECTRONIC BUSINESS MACHINES LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 1 -

The director presents his annual report and financial statements for the year ended 30 September 2024.

Principal activities

The principal activity of the company continued to be that of supplier and servicer of electronic business and industrial equipment.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

P J Connaughton
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
P J Connaughton
Director
16 April 2025
ELECTRONIC BUSINESS MACHINES LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
264,460
264,460
Current assets
Cash at bank and in hand
132,929
124,808
Creditors: amounts falling due within one year
4
(80,180)
(108,185)
Net current assets
52,749
16,623
Net assets
317,209
281,083
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
317,009
280,883
Total equity
317,209
281,083

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 16 April 2025
P J Connaughton
Director
Company registration number 2440189 (England and Wales)
ELECTRONIC BUSINESS MACHINES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information

Electronic Business Machines Limited is a private company limited by shares incorporated in England and Wales. The registered office is Colneside, Church Hill, Harefield, Middlesex, UB9 6DY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
not provided

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

The company has not depreciated its freehold property since it is used and fully maintained by a related company in its business as a supplier and servicer of electronic business and industrial catering equipment. The useful economic life of the property is considered to be in excess of fifty years,its residual value remains high and any depreciation charge world not be a material figure.

1.3
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

ELECTRONIC BUSINESS MACHINES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 October 2023 and 30 September 2024
264,460
Depreciation and impairment
At 1 October 2023 and 30 September 2024
-
0
Carrying amount
At 30 September 2024
264,460
At 30 September 2023
264,460
Included in cost of land and buildings is freehold land of £264,460 (2022-£264,460) which is not depreciated .
The company rented this property to related undertaking, Beechlane Limited until the end of January 23. Rental received from related company in the year was £12,000 (2022: £36,000).
4
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
8,474
4,909
Other taxation and social security
2,444
2,444
Other creditors
69,262
100,832
80,180
108,185
5
Ultimate Controlling Party

The controlling party is P J Connaughton.

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