Eaglebond Limited 06962597 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is Dispensing chemists Digita Accounts Production Advanced 6.30.9574.0 true 06962597 2024-04-01 2025-03-31 06962597 2025-03-31 06962597 bus:OrdinaryShareClass1 2025-03-31 06962597 core:CurrentFinancialInstruments 2025-03-31 06962597 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 06962597 core:Goodwill 2025-03-31 06962597 core:FurnitureFittingsToolsEquipment 2025-03-31 06962597 core:MotorVehicles 2025-03-31 06962597 bus:SmallEntities 2024-04-01 2025-03-31 06962597 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06962597 bus:FilletedAccounts 2024-04-01 2025-03-31 06962597 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06962597 bus:RegisteredOffice 2024-04-01 2025-03-31 06962597 bus:CompanySecretaryDirector1 2024-04-01 2025-03-31 06962597 bus:Director1 2024-04-01 2025-03-31 06962597 bus:Director3 2024-04-01 2025-03-31 06962597 bus:Director4 2024-04-01 2025-03-31 06962597 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 06962597 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06962597 bus:Agent1 2024-04-01 2025-03-31 06962597 core:Goodwill 2024-04-01 2025-03-31 06962597 core:FurnitureFittings 2024-04-01 2025-03-31 06962597 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 06962597 core:MotorVehicles 2024-04-01 2025-03-31 06962597 core:OfficeEquipment 2024-04-01 2025-03-31 06962597 countries:AllCountries 2024-04-01 2025-03-31 06962597 2024-03-31 06962597 core:Goodwill 2024-03-31 06962597 core:FurnitureFittingsToolsEquipment 2024-03-31 06962597 core:MotorVehicles 2024-03-31 06962597 2023-04-01 2024-03-31 06962597 2024-03-31 06962597 bus:OrdinaryShareClass1 2024-03-31 06962597 core:CurrentFinancialInstruments 2024-03-31 06962597 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06962597 core:FurnitureFittingsToolsEquipment 2024-03-31 06962597 core:MotorVehicles 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06962597

Eaglebond Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2025

Eaglebond Limited

Contents
__________________________________________________________________________

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

Eaglebond Limited

Company Information
__________________________________________________________________________

Directors | Dr Anthony Edward Gunstone Dr James Edward Howard Mr Mohamed Kanji Mr Naseen Valji

Company secretary | Dr James Edward Howard

Registered office | Unit 7/8 Swanbridge Industrial Park Blackcroft Road Witham Essex CM8 3YN

Accountants | Brooks Green Chartered AccountantsAbbey House 342 Regents Park Road London N3 2LJ

Eaglebond Limited

(Registration number: 06962597)
Balance Sheet as at 31 March 2025
__________________________________________________________________________

| Note | 2025 £ | 2024 £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 16,210 |  | 12,979
Current assets |  |  |  |  |
Stocks | 5 | 15,274 |  | 14,690 |
Debtors | 6 | 288,277 |  | 307,286 |
Cash at bank and in hand |  | 154,159 |  | 118,744 |
|  | 457,710 |  | 440,720 |
Creditors: Amounts falling due within one year | 7 | (185,033) |  | (174,114) |
Net current assets |  |  | 272,677 |  | 266,606
Net assets |  |  | 288,887 |  | 279,585
Capital and reserves |  |  |  |  |
Called up share capital | 8 | 100 |  | 100 |
Retained earnings |  | 288,787 |  | 279,485 |
Shareholders' funds |  |  | 288,887 |  | 279,585

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

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 January 2026 and signed on its behalf by:

......................................... Mr Mohamed Kanji Director

Eaglebond Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
__________________________________________________________________________

1 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 20% on reducing balance basis
Office equipment | 20% on reducing balance basis
Motor vehicles | 25% on reducing balance basis

Eaglebond Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
__________________________________________________________________________

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 10% on straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Eaglebond Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
__________________________________________________________________________

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 27 (2024 - 25).

Eaglebond Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
__________________________________________________________________________

3 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 April 2024 | 150,000 | 150,000
At 31 March 2025 | 150,000 | 150,000
Amortisation
At 1 April 2024 | 150,000 | 150,000
At 31 March 2025 | 150,000 | 150,000
Carrying amount
At 31 March 2025 | - | -

The aggregate amount of research and development expenditure recognised as an expense during the period is £- (2024 - £-).

Eaglebond Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
__________________________________________________________________________

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 78,424 | 16,245 | 94,669
Additions | - | 9,699 | 9,699
Disposals | (2,684) | (5,250) | (7,934)
At 31 March 2025 | 75,740 | 20,694 | 96,434
Depreciation
At 1 April 2024 | 69,857 | 11,833 | 81,690
Charge for the year | 1,582 | 3,295 | 4,877
Eliminated on disposal | (2,027) | (4,316) | (6,343)
At 31 March 2025 | 69,412 | 10,812 | 80,224
Carrying amount
At 31 March 2025 | 6,328 | 9,882 | 16,210
At 31 March 2024 | 8,567 | 4,412 | 12,979

5 | Stocks

| 2025 £ | 2024 £
Finished goods and goods for resale | 15,274 | 14,690

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 209,839 | 245,941
Prepayments | 6,496 | 4,439
Other debtors | 71,942 | 56,906
| 288,277 | 307,286

7 | Creditors

Creditors: amounts falling due within one year

Eaglebond Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
__________________________________________________________________________

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 9,395 | -
Trade creditors |  | 141,853 | 143,664
Taxation and social security |  | 15,767 | 19,938
Accruals and deferred income |  | 15,535 | 10,512
Other creditors |  | 2,483 | -
|  | 185,033 | 174,114

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100

9 | Loans and borrowings