Ebero Pipe Systems Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05727055

Ebero Pipe Systems Ltd

Filleted Financial Statements

31 December 2024

Ebero Pipe Systems Ltd

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Intangible assets	5	7,966	9,958
Tangible assets	6	30,931	45,803
		--------	--------
		38,897	55,761

Current assets

Stocks		110,114	214,937
Debtors	7	561,937	392,534
Cash at bank and in hand		6,507	4,919
		---------	---------
		678,558	612,390

Creditors: amounts falling due within one year	8	665,101		505,351
		---------		---------
Net current assets			13,457	107,039
			--------	---------
Total assets less current liabilities			52,354	162,800

Creditors: amounts falling due after more than one year	9	15,499	33,498
		--------	---------
Net assets		36,855	129,302
		--------	---------

Capital and reserves

Called up share capital	150,000	150,000
Profit and loss account	( 113,145)	( 20,698)
	---------	---------
Shareholders funds	36,855	129,302
	---------	---------

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.

The director acknowledges his 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 were approved by the board of directors and authorised for issue on 29 April 2025 , and are signed on behalf of the board by:

Mr R Tooze
Director

Company registration number: 05727055

Ebero Pipe Systems Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Units 1 & 2 Carrwood, Chesterfield Trading, Chesterfield, S41 9QB.

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. 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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

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:

	Website costs	-	25% 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. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Short leasehold property	-	10% straight line
Plant and machinery	-	10% straight line
Fixtures and fittings	-	10% straight line
Motor vehicles	-	25% straight line

	Equipment	-	33% straight line

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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.

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.

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.

Creditors

Short term trade 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.

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, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2023: 4 ).

5. Intangible assets

	Website costs
	£
Cost
At 1 January 2024 and 31 December 2024	9,958
	-------
Amortisation
Charge for the year	1,992
	-------
At 31 December 2024	1,992
	-------
Carrying amount
At 31 December 2024	7,966
	-------
At 31 December 2023	9,958
	-------

6. Tangible assets

	Short leasehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Jan 2024	13,240	12,144	12,468	40,978	14,910	93,740
Additions	–	–	–	–	1,139	1,139
	--------	--------	--------	--------	--------	--------
At 31 Dec 2024	13,240	12,144	12,468	40,978	16,049	94,879
	--------	--------	--------	--------	--------	--------
Depreciation
At 1 Jan 2024	1,930	9,671	9,569	17,878	8,889	47,937
Charge for the year	1,263	1,100	369	9,929	3,350	16,011
	--------	--------	--------	--------	--------	--------
At 31 Dec 2024	3,193	10,771	9,938	27,807	12,239	63,948
	--------	--------	--------	--------	--------	--------
Carrying amount
At 31 Dec 2024	10,047	1,373	2,530	13,171	3,810	30,931
	--------	--------	--------	--------	--------	--------
At 31 Dec 2023	11,310	2,473	2,899	23,100	6,021	45,803
	--------	--------	--------	--------	--------	--------

7. Debtors

	2024	2023
	£	£
Trade debtors	519,226	329,552
Other debtors	42,711	62,982
	---------	---------
	561,937	392,534
	---------	---------

The debtors above include the following amounts falling due after more than one year:

	2024	2023
	£	£
Other debtors	–	1,186
	----	-------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	80,559	73,359
Trade creditors	538,968	393,476
Amounts owed to group undertakings and undertakings in which the company has a participating interest	9,341	–
Social security and other taxes	10,625	11,759
Other creditors	25,608	26,757
	---------	---------
	665,101	505,351
	---------	---------

Hire purchase contracts are secured on the assets to which they relate. Amounts due within 1 year relating to hire purchase assets amounted to £7,999 (2023 - £7,999).

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	4,167	14,167
Other creditors	11,332	19,331
	--------	--------
	15,499	33,498
	--------	--------

Hire purchase contracts are secured on the assets to which they relate. Amounts due over 1 year relating to hire purchase assets amounted to £11,332 (2023 - £19,331).

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	69,144	69,144
Later than 1 year and not later than 5 years	276,575	276,575
Later than 5 years	181,502	250,646
	---------	---------
	527,221	596,365
	---------	---------

11. Summary audit opinion

The auditor's report dated 29 April 2025 was unqualified .

The senior statutory auditor was Peter Stewart F.C.A. , for and on behalf of Gregory Priestley & Stewart .

12. Controlling party

The company is a subsidiary undertaking of Ebero AG, its immediate and ultimate parent company, incorporated in Germany. The group in which the results of the company are consolidated is that headed by Ebero AG, the registered office of which is Sauerbruchstraße 37, 50767 Köln, Germany.