Registered number
08103829
ESAR SOLUTIONS LTD
Report and Accounts
31 December 2024
ESAR SOLUTIONS LTD
Report and accounts
Contents
Page
Company information 1
Director's report 1
Accountants' report 2
Profit and loss account 2
Balance sheet 3
Statement of changes in equity 4
Notes to the accounts 5
ESAR SOLUTIONS LTD
Company Information
Director
Muhammad Ilyas
Accountants
Business and Accountancy Assist Ltd
3 Fournier House
8 Tenby Street
Birmingham
West Midlands
B1 3AJ
Registered office
53 Great Hampton Street
Birmingham
West Midlands
B18 6EL
Registered number
08103829
ESAR SOLUTIONS LTD
Registered number: 08103829
Director's Report
The director presents his report and accounts for the period ended 31 December 2024.
Principal activities
The company's principal activity during the year continued to be wholesale of electronic and telecommunications equipment and parts
Directors
The following persons served as directors during the period:
Muhammad Ilyas
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 27 May 2025 and signed on its behalf.
Muhammad Ilyas
Director
ESAR SOLUTIONS LTD
Accountants' Report
Accountants' report to the director of
ESAR SOLUTIONS LTD
You consider that the company is exempt from an audit for the period ended 31 December 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial period and of its profit or loss for the financial period.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Business and Accountancy Assist Ltd
Accountants and Tax Advisors
3 Fournier House
8 Tenby Street
Birmingham
West Midlands
B1 3AJ
27 May 2025
ESAR SOLUTIONS LTD
Profit and Loss Account
for the period from 1 July 2023 to 31 December 2024
2024 2023
£ £
Turnover 6,506,846 2,528,011
Cost of sales (6,099,737) (2,266,301)
Gross profit 407,109 261,710
Distribution costs (34,701) (54,309)
Administrative expenses (276,143) (138,423)
Operating profit 96,265 68,978
Profit on ordinary activities before taxation 96,265 68,978
Tax on profit on ordinary activities (20,575) (14,204)
Profit for the period 75,690 54,774
ESAR SOLUTIONS LTD
Registered number: 08103829
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,981 10,642
Current assets
Stocks 216,112 163,114
Debtors 4 203,271 96,035
Cash at bank and in hand 48,229 104,522
467,612 363,671
Creditors: amounts falling due within one year 5 39,897 22,083
Net current assets 507,509 385,754
Total assets less current liabilities 515,490 396,396
Creditors: amounts falling due after more than one year 6 (72,896) (29,591)
Net assets 442,594 366,805
Capital and reserves
Called up share capital 100 1
Profit and loss account 442,494 366,804
Shareholder's funds 442,594 366,805
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.
Muhammad Ilyas
Director
Approved by the board on 27 May 2025
ESAR SOLUTIONS LTD
Statement of Changes in Equity
for the period from 1 July 2023 to 31 December 2024
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 July 2022 1 - - 312,030 312,031
Profit for the financial year 54,774 54,774
At 30 June 2023 1 - - 366,804 366,805
At 1 July 2023 100 - - 366,804 366,904
Profit for the period 75,690 75,690
At 31 December 2024 100 - - 442,494 442,594
ESAR SOLUTIONS LTD
Notes to the Accounts
for the period from 1 July 2023 to 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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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 6 7
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 4,420 46,909 51,329
At 31 December 2024 4,420 46,909 51,329
Depreciation
At 1 July 2023 4,129 36,558 40,687
Charge for the period 73 2,588 2,661
At 31 December 2024 4,202 39,146 43,348
Net book value
At 31 December 2024 218 7,763 7,981
At 30 June 2023 291 10,351 10,642
4 Debtors 2024 2023
£ £
Trade debtors 65,609 77,774
Other debtors 137,662 18,261
203,271 96,035
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 20,575 14,204
Other taxes and social security costs (60,472) (36,287)
(39,897) (22,083)
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 23,880 29,591
Directors Loan Account 49,016 -
72,896 29,591
7 Other information
ESAR SOLUTIONS LTD is a private company limited by shares and incorporated in England. Its registered office is:
53 Great Hampton Street
Birmingham
West Midlands
B18 6EL
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