Company registration number 00650920 (England and Wales)
E.B.Equipment Limited
Unaudited financial statements
For the year ended 31 March 2025
E.B.Equipment Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 8
E.B.Equipment Limited
Statement of financial position
As at 31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
69,665
-
0
Tangible assets
4
839,874
928,039
909,539
928,039
Current assets
Stocks
272,940
247,433
Debtors
5
571,069
426,219
Cash at bank and in hand
737,310
349,849
1,581,319
1,023,501
Creditors: amounts falling due within one year
6
(1,122,210)
(874,022)
Net current assets
459,109
149,479
Total assets less current liabilities
1,368,648
1,077,518
Creditors: amounts falling due after more than one year
7
-
0
(14,916)
Provisions for liabilities
(77,500)
(83,000)
Government grants
(19,484)
(57,805)
Net assets
1,271,664
921,797
Capital and reserves
Called up share capital
8
5,000
5,000
Profit and loss reserves
1,266,664
916,797
Total equity
1,271,664
921,797
E.B.Equipment Limited
Statement of financial position (continued)
As at 31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 1 December 2025 and are signed on its behalf by:
Mr M E Bates
Director
Company registration number 00650920 (England and Wales)
E.B.Equipment Limited
Notes to the financial statements
For the year ended 31 March 2025
- 3 -
1
Accounting policies
Company information

E.B.Equipment 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.

1.1
Basis of preparation

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 a mounts 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 is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts.

T he stage of completion is assessed for ongoing work. Revenue and costs are recognised in accordance with this assessment as long as the outcome can be reliably estimated. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.3
Research and development expenditure

Expenditure on research and development is written off in the year in which it is incurred.

1.4
Intangible fixed assets other than goodwill

Int angible assets are initially measured at cost and subsequently measured at cost, net of amortisation and any impairment losses.

Amortisation 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:

Software
20% on cost
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Land and buildings
2% on cost and Nil
Plant and equipment etc
25% on reducing balance
Fixtures and fittings
33% on cost
Commercial vehicles
25% on reducing balance
Motor vehicles
33% on cost and 30% on reducing balance
E.B.Equipment Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
- 4 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, slow moving stock items are identified and an impairment loss in respect of such items is recognised in the profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

E.B.Equipment Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases
As lessee

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 payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease.

1.12
Government grants

Grants relating to the purchase of fixed assets are treated as deferred income and released to the profit and loss account over the expected life of the asset.

Grants relating to revenue are recognised in income in the period in which they become receivable.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

E.B.Equipment Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
- 6 -
2
Employees

The average monthly number of persons employed by the company during the year was:

2025
2024
Number
Number
Total
19
19
3
Intangible fixed assets
Other
£
Cost
At 1 April 2024
-
0
Additions
83,294
At 31 March 2025
83,294
Amortisation and impairment
At 1 April 2024
-
0
Amortisation charged for the year
13,629
At 31 March 2025
13,629
Carrying amount
At 31 March 2025
69,665
At 31 March 2024
-
0

A new internal ERP system was fully installed during the year for £83,294.

E.B.Equipment Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
- 7 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
919,466
3,324,954
4,244,420
Additions
35,319
34,579
69,898
Disposals
-
0
(108,380)
(108,380)
At 31 March 2025
954,785
3,251,153
4,205,938
Depreciation and impairment
At 1 April 2024
470,667
2,845,714
3,316,381
Depreciation charged in the year
15,576
130,781
146,357
Eliminated in respect of disposals
-
0
(96,674)
(96,674)
At 31 March 2025
486,243
2,879,821
3,366,064
Carrying amount
At 31 March 2025
468,542
371,332
839,874
At 31 March 2024
448,799
479,240
928,039
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
191,777
119,345
Prepayments and accrued income
379,292
306,874
571,069
426,219
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
-
0
10,000
Trade creditors
297,066
227,526
Taxation and social security
290,896
107,060
Other creditors
534,248
529,436
1,122,210
874,022

Included within other creditors are amounts due under finance leases and hire purchase contracts of £Nil (2024 - £9,298) which are secured against the related assets.

E.B.Equipment Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
- 8 -
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
12,507
Other creditors
-
0
2,409
-
0
14,916

Included within other creditors are amounts due under finance leases and hire purchase contracts of £Nil (2024 - £2,409) which are secured against the related assets.

8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
'A' ordinary of £1 each
2,600
2,600
2,600
2,600
'B' ordinary of £1 each
300
300
300
300
'C' ordinary of £1 each
1,050
1,050
1,050
1,050
'D' ordinary of £1 each
1,050
1,050
1,050
1,050
5,000
5,000
5,000
5,000
9
Related Party Disclosures

At the balance sheet date, there was a balance due to the directors of £94,044 (2024 - £105,719)

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