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REGISTERED NUMBER: 08236483 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st October 2024

for

EW Production Services Limited

EW Production Services Limited (Registered number: 08236483)

Contents of the Financial Statements
for the Year Ended 31st October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EW Production Services Limited

Company Information
for the Year Ended 31st October 2024







DIRECTORS: Miss E C Pendennis
P Smith





REGISTERED OFFICE: Unit G30, Atlas Business Park
Harbour Road
Rye Harbour
Rye
East Sussex
TN31 7TE





REGISTERED NUMBER: 08236483 (England and Wales)





ACCOUNTANTS: N.C.N.M. Accountancy Limited
Chartered Accountants
The Lodge
93 Normanston Drive
Oulton Broad
Lowestoft
Suffolk
NR32 2PX

EW Production Services Limited (Registered number: 08236483)

Balance Sheet
31st October 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96,423 119,909
Investments 5 100 100
96,523 120,009

CURRENT ASSETS
Stocks 72,300 72,300
Debtors 6 3,288,246 662,761
Cash at bank and in hand 116,524 30,111
3,477,070 765,172
CREDITORS
Amounts falling due within one year 7 2,537,786 246,463
NET CURRENT ASSETS 939,284 518,709
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,035,807

638,718

CREDITORS
Amounts falling due after more than one
year

8

(41,667

)

(91,667

)

PROVISIONS FOR LIABILITIES 9 (14,111 ) (16,929 )
NET ASSETS 980,029 530,122

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 28,097 28,097
Retained earnings 10 951,832 501,925
980,029 530,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

EW Production Services Limited (Registered number: 08236483)

Balance Sheet - continued
31st October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th March 2025 and were signed on its behalf by:





Miss E C Pendennis - Director


EW Production Services Limited (Registered number: 08236483)

Notes to the Financial Statements
for the Year Ended 31st October 2024


1. STATUTORY INFORMATION

EW Production Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about EW Production Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when goods and services have been delivered to customers such that the risks and rewards of ownership have been transferred to them - including when 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 transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

EW Production Services Limited (Registered number: 08236483)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024


2. ACCOUNTING POLICIES - continued

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 and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

EW Production Services Limited (Registered number: 08236483)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Provision for liabilities
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. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 12 ) .

EW Production Services Limited (Registered number: 08236483)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st November 2023 326,105 35,319 18,984 380,408
Additions 7,532 - 3,468 11,000
At 31st October 2024 333,637 35,319 22,452 391,408
DEPRECIATION
At 1st November 2023 217,121 26,061 17,317 260,499
Charge for year 30,261 1,852 2,373 34,486
At 31st October 2024 247,382 27,913 19,690 294,985
NET BOOK VALUE
At 31st October 2024 86,255 7,406 2,762 96,423
At 31st October 2023 108,984 9,258 1,667 119,909

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st November 2023
and 31st October 2024 100
NET BOOK VALUE
At 31st October 2024 100
At 31st October 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 1,541,321 505,539
Other debtors 1,746,925 157,222
3,288,246 662,761

Included within Other Debtors is a loan of £445,588 (2023: £nil) to EWP Europe Limited, a fellow group undertaking. The unsecured loan is provided interest free, to be repaid as funds allow.

Within Other Debtors is £1,149,148 (2023: £84,425) of expenses incurred prior to the year end relating to projects to be started after the year end.

EW Production Services Limited (Registered number: 08236483)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 50,000 50,133
Trade creditors 883,643 90,790
Taxation and social security 224,562 50,921
Other creditors 1,379,581 54,619
2,537,786 246,463

Within Other Creditors is £1,312,371 (2023: £nil) of deferred income for sales invoices raised before the year end which relate to projects to be started after the end of the year.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
as restated
£    £   
Bank loans 41,667 91,667

9. PROVISIONS FOR LIABILITIES
2024 2023
as restated
£    £   
Deferred tax 14,111 16,929

Deferred
tax
£   
Balance at 1st November 2023 16,929
Credit to Statement of Income and Retained Earnings during year (2,818 )
Balance at 31st October 2024 14,111

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1st November 2023 501,925 28,097 530,022
Profit for the year 449,907 449,907
At 31st October 2024 951,832 28,097 979,929