Company registration number 01457911 (England and Wales)
ELECTRONIC BUSINESS SYSTEMS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ELECTRONIC BUSINESS SYSTEMS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
ELECTRONIC BUSINESS SYSTEMS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
14,932
34,429
Current assets
Stocks
20,546
15,509
Debtors
4
328,441
342,607
Cash at bank and in hand
343,214
230,008
692,201
588,124
Creditors: amounts falling due within one year
5
(514,608)
(431,042)
Net current assets
177,593
157,082
Total assets less current liabilities
192,525
191,511
Provisions for liabilities
6
(3,478)
(8,297)
Net assets
189,047
183,214
Capital and reserves
Called up share capital
8
250
250
Capital redemption reserve
750
750
Profit and loss reserves
188,047
182,214
Total equity
189,047
183,214
ELECTRONIC BUSINESS SYSTEMS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 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 directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 22 April 2025 and are signed on its behalf by:
Mr S T Pritchard
Director
Company registration number 01457911 (England and Wales)
ELECTRONIC BUSINESS SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information
Electronic Business Systems Limited is a private company limited by shares incorporated in England and Wales. The registered office is 852 Tyburn Road, Birmingham, West Midlands, B24 9NT.
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 £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.
1.3
Tangible fixed assets
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:
Plant and equipment
33% on cost
Fixtures and fittings
15% on cost
Computers
25% on cost
1.4
Stocks
Stocks are valued at the lower of cost and net releasable value, after making due allowance for obsolete and slow moving items.
1.5
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current tax
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.
ELECTRONIC BUSINESS SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
31
29
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024
348,671
Additions
4,730
At 31 December 2024
353,401
Depreciation and impairment
At 1 January 2024
314,242
Depreciation charged in the year
24,227
At 31 December 2024
338,469
Carrying amount
At 31 December 2024
14,932
At 31 December 2023
34,429
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
239,285
327,169
Amounts owed by group undertakings
74,172
Other debtors
14,984
15,438
328,441
342,607
ELECTRONIC BUSINESS SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
159,953
147,360
Taxation and social security
291,044
260,424
Other creditors
63,611
23,258
514,608
431,042
6
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
3,478
8,297
7
Leasing agreements
Total operating lease commitments amount of £184,545 (2023: £250,818).
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
250
250
250
250
9
Ultimate parent company
The ultimate parent company is EBS Holdings Group Limited.