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REGISTERED NUMBER: SC146531 (Scotland)















Financial Statements for the Year Ended 30 September 2024

for

Eztek Limited

Eztek Limited (Registered number: SC146531)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eztek Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: R Hunter
Mrs C L Hunter





REGISTERED OFFICE: Eztek House
Blackburn Industrial Estate
Kinellar
Aberdeen
AB21 0RX





REGISTERED NUMBER: SC146531 (Scotland)





ACCOUNTANTS: J M Taylor
5 Rubislaw Terrace
ABERDEEN
AB10 1XE

Eztek Limited (Registered number: SC146531)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 27,025 15,500
Tangible assets 5 628,416 639,270
655,441 654,770

CURRENT ASSETS
Stocks 151,268 291,374
Debtors 6 1,330,510 1,034,677
Cash at bank and in hand 645,126 1,085,028
2,126,904 2,411,079
CREDITORS
Amounts falling due within one year 7 571,178 474,690
NET CURRENT ASSETS 1,555,726 1,936,389
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,211,167

2,591,159

CREDITORS
Amounts falling due after more than one year 8 (67,119 ) (83,415 )

PROVISIONS FOR LIABILITIES 10 (156,688 ) (95,539 )
NET ASSETS 1,987,360 2,412,205

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,987,358 2,412,203
1,987,360 2,412,205

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

Eztek Limited (Registered number: SC146531)

Balance Sheet - continued
30 September 2024


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 5 June 2025 and were signed on its behalf by:





R Hunter - Director


Eztek Limited (Registered number: SC146531)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Eztek Limited is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 10% on cost and 2% on cost
Plant and machinery etc - 25% on cost and 15% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Eztek Limited (Registered number: SC146531)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023 15,500
Additions 27,025
Reclassification/transfer (15,500 )
At 30 September 2024 27,025
NET BOOK VALUE
At 30 September 2024 27,025
At 30 September 2023 15,500

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 303,028 851,636 1,154,664
Additions - 100,552 100,552
Disposals - (21,765 ) (21,765 )
Reclassification/transfer - 15,500 15,500
At 30 September 2024 303,028 945,923 1,248,951
DEPRECIATION
At 1 October 2023 29,177 486,217 515,394
Charge for year 8,659 118,247 126,906
Eliminated on disposal - (21,765 ) (21,765 )
At 30 September 2024 37,836 582,699 620,535
NET BOOK VALUE
At 30 September 2024 265,192 363,224 628,416
At 30 September 2023 273,851 365,419 639,270

Eztek Limited (Registered number: SC146531)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,152,275 911,129
Other debtors 178,235 123,548
1,330,510 1,034,677

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts (see note 9) 16,296 16,296
Trade creditors 190,021 123,677
Taxation and social security 309,715 288,955
Other creditors 55,146 45,762
571,178 474,690

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts (see note 9) 67,119 83,415

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.9.24 30.9.23
£    £   
Net obligations repayable:
Within one year 16,296 16,296
Between one and five years 67,119 83,415
83,415 99,711

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows: £95,000 (2023 - £125,000)

10. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 156,688 95,539

Eztek Limited (Registered number: SC146531)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 95,539
Accelerated capital allowance 61,149
Balance at 30 September 2024 156,688