Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-31false2023-11-01safety netting installation.56truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09561023 2023-11-01 2024-10-31 09561023 2022-11-01 2023-10-31 09561023 2024-10-31 09561023 2023-10-31 09561023 2022-11-01 09561023 c:Director2 2023-11-01 2024-10-31 09561023 d:PlantMachinery 2023-11-01 2024-10-31 09561023 d:PlantMachinery 2024-10-31 09561023 d:PlantMachinery 2023-10-31 09561023 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09561023 d:MotorVehicles 2023-11-01 2024-10-31 09561023 d:MotorVehicles 2024-10-31 09561023 d:MotorVehicles 2023-10-31 09561023 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09561023 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09561023 d:CurrentFinancialInstruments 2024-10-31 09561023 d:CurrentFinancialInstruments 2023-10-31 09561023 d:Non-currentFinancialInstruments 2024-10-31 09561023 d:Non-currentFinancialInstruments 2023-10-31 09561023 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 09561023 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 09561023 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 09561023 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 09561023 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-10-31 09561023 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 09561023 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-10-31 09561023 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 09561023 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-10-31 09561023 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-10-31 09561023 d:ShareCapital 2024-10-31 09561023 d:ShareCapital 2023-10-31 09561023 d:RetainedEarningsAccumulatedLosses 2024-10-31 09561023 d:RetainedEarningsAccumulatedLosses 2023-10-31 09561023 c:OrdinaryShareClass1 2023-11-01 2024-10-31 09561023 c:OrdinaryShareClass1 2024-10-31 09561023 c:OrdinaryShareClass1 2023-10-31 09561023 c:OrdinaryShareClass2 2023-11-01 2024-10-31 09561023 c:OrdinaryShareClass2 2024-10-31 09561023 c:FRS102 2023-11-01 2024-10-31 09561023 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 09561023 c:FullAccounts 2023-11-01 2024-10-31 09561023 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09561023 d:AcceleratedTaxDepreciationDeferredTax 2024-10-31 09561023 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 09561023 2 2023-11-01 2024-10-31 09561023 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09561023









EBS INDUSTRIAL SAFETY NETTING LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
EBS INDUSTRIAL SAFETY NETTING LIMITED
REGISTERED NUMBER: 09561023

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
18,355
16,055

Current assets
  

Debtors: amounts falling due within one year
 5 
129,862
68,075

Cash at bank and in hand
 6 
18,758
369

  
148,620
68,444

Creditors: amounts falling due within one year
 7 
(83,418)
(56,204)

Net current assets
  
 
 
65,202
 
 
12,240

Total assets less current liabilities
  
83,557
28,295

Creditors: amounts falling due after more than one year
 8 
(16,298)
(19,852)

Provisions for liabilities
  

Deferred tax
 10 
(4,403)
(3,307)

Net assets
  
62,856
5,136


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
62,756
5,036

  
62,856
5,136

Page 1

 
EBS INDUSTRIAL SAFETY NETTING LIMITED
REGISTERED NUMBER: 09561023
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 June 2025.




A J Spiers
Director

The notes on pages 3 to 10 form part of these financial statements.
Page 2

 
EBS INDUSTRIAL SAFETY NETTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

EBS Industrial Safety Netting Limited is a company limited by shares, incorporated in England, United Kingdom. The address of the registered office is Suite D, The Business Centre, Faringdon Avenue, Romford, Essex, RM3 8EN. The address of the principal place of business is Bretts Farm, Romford Road, Aveley, Essex, RM15 4XD. The principal activity of the company was that of safety netting installation. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
EBS INDUSTRIAL SAFETY NETTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Page 4

 
EBS INDUSTRIAL SAFETY NETTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance/3 years straight line
Motor vehicles
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.
Page 5

 
EBS INDUSTRIAL SAFETY NETTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.14

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 -6).

Page 6

 
EBS INDUSTRIAL SAFETY NETTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 November 2023
15,060
22,000
37,060


Additions
3,774
7,000
10,774



At 31 October 2024

18,834
29,000
47,834



Depreciation


At 1 November 2023
5,966
15,039
21,005


Charge for the year on owned assets
4,984
3,490
8,474



At 31 October 2024

10,950
18,529
29,479



Net book value



At 31 October 2024
7,884
10,471
18,355



At 31 October 2023
9,094
6,961
16,055

Page 7

 
EBS INDUSTRIAL SAFETY NETTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
62,677
22,267

Other debtors
56,645
19,234

Prepayments and accrued income
10,540
19,904

Tax recoverable
-
6,670

129,862
68,075



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
18,758
369

Less: bank overdrafts
-
(773)

18,758
(404)



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
773

Bank loans
3,555
3,555

Trade creditors
24,531
35,583

Corporation tax
39,906
12,675

Other taxation and social security
4,535
-

Other creditors
547
1,008

Accruals and deferred income
10,344
2,610

83,418
56,204



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
16,298
19,852


Page 8

 
EBS INDUSTRIAL SAFETY NETTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
3,555
3,555

Amounts falling due 1-2 years

Bank loans
3,555
3,555

Amounts falling due 2-5 years

Bank loans
10,666
10,666

Amounts falling due after more than 5 years

Bank loans
2,076
5,630

19,852
23,406


The bounce back loan is both interest and repayment free for the first twelve months. After such time the loan is repayable over 9 years at an interest rate of 2.5%


10.


Deferred taxation




2024
2023


£

£






At beginning of year
(3,307)
(2,032)


Charged to profit or loss
(1,096)
(1,275)



At end of year
(4,403)
(3,307)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(4,403)
(3,307)

Page 9

 
EBS INDUSTRIAL SAFETY NETTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50 (2023 -100) Ordinary shares of £1.00 each
50
100
50 (2023 - £Nil) Ordinary A shares of £1.00 each
50
-

100

100


During the year 50 Ordinary Shares were redesignated as 50 Ordinary A Shares. The Ordinary A shares of £1 each shall have equal rights to vote, capital on winding up and rank pari passu with Ordinary shares except for independent dividend rights which will be entirely at the discretion of the company.


12.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company  to the fund and amounted to £2,442 (2023 - £2,359). Contributions totalling £547 (2023 - £465) were payable to the fund at the balance sheet date and are included in creditors.


13.


Transactions with directors

Included within other debtors is a loan to the directors totalling £34,898 (2023 - £9,699). Interest is charged on an average basis at the official rate.

 
Page 10