28 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2024 - FRS102_2024 190,115 190,115 xbrli:pure xbrli:shares iso4217:GBP NI640273 2023-10-01 2024-09-30 NI640273 2024-09-30 NI640273 2023-09-30 NI640273 2022-10-01 2023-09-30 NI640273 2023-09-30 NI640273 2022-09-30 NI640273 core:NetGoodwill 2023-10-01 2024-09-30 NI640273 core:PlantMachinery 2023-10-01 2024-09-30 NI640273 core:FurnitureFittings 2023-10-01 2024-09-30 NI640273 core:MotorVehicles 2023-10-01 2024-09-30 NI640273 bus:Director1 2023-10-01 2024-09-30 NI640273 core:NetGoodwill 2024-09-30 NI640273 core:PlantMachinery 2023-09-30 NI640273 core:FurnitureFittings 2023-09-30 NI640273 core:MotorVehicles 2023-09-30 NI640273 core:PlantMachinery 2024-09-30 NI640273 core:FurnitureFittings 2024-09-30 NI640273 core:MotorVehicles 2024-09-30 NI640273 core:WithinOneYear 2024-09-30 NI640273 core:WithinOneYear 2023-09-30 NI640273 core:AfterOneYear 2024-09-30 NI640273 core:AfterOneYear 2023-09-30 NI640273 core:RetainedEarningsAccumulatedLosses 2024-09-30 NI640273 core:RetainedEarningsAccumulatedLosses 2023-09-30 NI640273 core:PlantMachinery 2023-09-30 NI640273 core:FurnitureFittings 2023-09-30 NI640273 core:MotorVehicles 2023-09-30 NI640273 bus:SmallEntities 2023-10-01 2024-09-30 NI640273 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 NI640273 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI640273 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI640273 bus:FullAccounts 2023-10-01 2024-09-30 NI640273 core:OfficeEquipment 2023-10-01 2024-09-30 NI640273 core:OfficeEquipment 2023-09-30 NI640273 core:OfficeEquipment 2024-09-30
COMPANY REGISTRATION NUMBER: NI640273
EB Gas Services Ltd
Filleted Unaudited Financial Statements
30 September 2024
EB Gas Services Ltd
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
6
302,564
286,961
Current assets
Stocks
330,000
379,000
Debtors
7
691,276
603,984
Cash at bank and in hand
7,186
11,468
------------
---------
1,028,462
994,452
Creditors: amounts falling due within one year
8
731,648
771,359
------------
---------
Net current assets
296,814
223,093
---------
---------
Total assets less current liabilities
599,378
510,054
Creditors: amounts falling due after more than one year
9
95,327
103,622
Provisions
Taxation including deferred tax
60,513
57,392
---------
---------
Net assets
443,538
349,040
---------
---------
Capital and reserves
Profit and loss account
443,538
349,040
---------
---------
Shareholders funds
443,538
349,040
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
EB Gas Services Ltd
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 17 June 2025 , and are signed on behalf of the board by:
Mr K Byrne
Director
Company registration number: NI640273
EB Gas Services Ltd
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Unit 1 29a Tandragee Road, Newry, BT35 6QE, Down.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Fixtures and fittings
-
10% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
The company operates a defined contribution pension scheme for employees. Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. The assets of the scheme are held separately from those of the company.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 28 (2023: 27 ).
5. Intangible assets
Goodwill
£
Cost
At 1 October 2023 and 30 September 2024
190,115
---------
Amortisation
At 1 October 2023 and 30 September 2024
190,115
---------
Carrying amount
At 30 September 2024
---------
At 30 September 2023
---------
6. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 October 2023
34,239
99,613
364,571
18,781
517,204
Additions
2,686
76,394
2,695
81,775
--------
--------
---------
--------
---------
At 30 September 2024
36,925
99,613
440,965
21,476
598,979
--------
--------
---------
--------
---------
Depreciation
At 1 October 2023
12,562
43,695
160,940
13,046
230,243
Charge for the year
3,352
5,592
55,682
1,546
66,172
--------
--------
---------
--------
---------
At 30 September 2024
15,914
49,287
216,622
14,592
296,415
--------
--------
---------
--------
---------
Carrying amount
At 30 September 2024
21,011
50,326
224,343
6,884
302,564
--------
--------
---------
--------
---------
At 30 September 2023
21,677
55,918
203,631
5,735
286,961
--------
--------
---------
--------
---------
7. Debtors
2024
2023
£
£
Trade debtors
670,053
577,761
Other debtors
21,223
26,223
---------
---------
691,276
603,984
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
52,691
50,156
Trade creditors
339,974
333,778
Corporation tax
41,952
29,452
Social security and other taxes
49,351
19,582
Other creditors
247,680
338,391
---------
---------
731,648
771,359
---------
---------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
11,628
21,832
Other creditors
83,699
81,790
--------
---------
95,327
103,622
--------
---------