Company Registration No. 03312633 (England and Wales)
EWBANK PRODUCTS LIMITED
Unaudited accounts
for the year ended 31 December 2019
EWBANK PRODUCTS LIMITED
Unaudited accounts
Contents
EWBANK PRODUCTS LIMITED
Company Information
for the year ended 31 December 2019
Directors
Julian Baseley
Anthony Hansen
Timothy Hopper
Company Number
03312633 (England and Wales)
Registered Office
EATON BANK TRADING ESTATE
VAREY ROAD
CONGLETON
CHESHIRE
CW12 1PJ
Accountants
Paul Austen Associates Ltd
Riverside
Mountbatten Way
Congleton
Cheshire
CW12 1DY
EWBANK PRODUCTS LIMITED
Statement of financial position
as at
31 December 2019
Tangible assets
184,245
162,340
Debtors
1,060,444
776,156
Cash at bank and in hand
22,556
23,347
Creditors: amounts falling due within one year
(180,661)
(252,027)
Net current assets
914,153
557,342
Total assets less current liabilities
1,099,072
720,356
Creditors: amounts falling due after more than one year
(1,301,245)
(925,021)
Net liabilities
(202,173)
(204,665)
Called up share capital
554,600
554,600
Share premium
455,400
455,400
Revaluation reserve
113,043
113,043
Profit and loss account
(1,325,216)
(1,327,708)
Shareholders' funds
(202,173)
(204,665)
For the year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2020 and were signed on its behalf by
Julian Baseley
Director
Company Registration No. 03312633
EWBANK PRODUCTS LIMITED
Notes to the Accounts
for the year ended 31 December 2019
EWBANK PRODUCTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03312633. The registered office is EATON BANK TRADING ESTATE, VAREY ROAD, CONGLETON, CHESHIRE, CW12 1PJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. The company has adopted a policy of revaluation for Plant and machinery to closer reflect values of tooling. No depreciation is provided on revalued assets in the year of revaluation. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3.6% on reducing balance
Fixtures & fittings
50% on cost
Computer equipment
50% on cost
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2019
661,675
16,461
678,136
Additions
27,646
1,254
28,900
At 31 December 2019
689,321
17,715
707,036
At 1 January 2019
499,335
16,461
515,796
Charge for the year
6,839
156
6,995
At 31 December 2019
506,174
16,617
522,791
At 31 December 2019
183,147
1,098
184,245
At 31 December 2018
162,340
-
162,340
EWBANK PRODUCTS LIMITED
Notes to the Accounts
for the year ended 31 December 2019
5
Investments
Subsidiary undertakings
Valuation at 1 January 2019
674
Valuation at 31 December 2019
674
Finished goods
11,814
9,866
Trade debtors
345,426
114,474
Amounts due from group undertakings etc.
648,192
251,005
Accrued income and prepayments
53,023
23,679
Other debtors
12,810
386,998
8
Creditors: amounts falling due within one year
2019
2018
Trade creditors
179,491
240,837
Taxes and social security
(830)
6,961
9
Creditors: amounts falling due after more than one year
2019
2018
Other creditors
1,301,245
925,021
10
Transactions with related parties
Loans from directors:
Amounts owed to director: Julian Baseley £697,891
Amounts owed to director: Timothy Hopper £273,911
Amounts owed to directors brought forward was £820,787 total loaned in the year was £151,015 with balance carried forward owed to directors of £971,802.
11
Average number of employees
During the year the average number of employees was 5 (2018: 2).