Company Registration No. 03312633 (England and Wales)
EWBANK PRODUCTS LIMITED
Unaudited accounts
for the year ended 31 December 2021
EWBANK PRODUCTS LIMITED
Unaudited accounts
Contents
EWBANK PRODUCTS LIMITED
Company Information
for the year ended 31 December 2021
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 2021
Tangible assets
171,515
176,309
Inventories
10,297
10,297
Debtors
984,169
1,007,263
Cash at bank and in hand
246,203
168,116
Creditors: amounts falling due within one year
(305,178)
(207,980)
Net current assets
935,491
977,696
Total assets less current liabilities
1,107,680
1,154,679
Creditors: amounts falling due after more than one year
(1,133,641)
(1,422,338)
Net liabilities
(25,961)
(267,659)
Called up share capital
554,600
554,600
Share premium
677,622
455,400
Revaluation reserve
113,043
113,043
Profit and loss account
(1,371,226)
(1,390,702)
Shareholders' funds
(25,961)
(267,659)
For the year ending 31 December 2021 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 1 July 2022 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 2021
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 2021
689,321
21,286
710,607
Additions
4,602
729
5,331
At 31 December 2021
693,923
22,015
715,938
At 1 January 2021
517,055
17,243
534,298
Charge for the year
7,566
2,559
10,125
At 31 December 2021
524,621
19,802
544,423
At 31 December 2021
169,302
2,213
171,515
At 31 December 2020
172,266
4,043
176,309
EWBANK PRODUCTS LIMITED
Notes to the Accounts
for the year ended 31 December 2021
5
Investments
Subsidiary undertakings
Valuation at 1 January 2021
674
Valuation at 31 December 2021
674
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
207,527
326,610
Amounts due from group undertakings etc.
750,599
658,995
Accrued income and prepayments
25,442
20,658
7
Creditors: amounts falling due within one year
2021
2020
Trade creditors
290,754
195,872
Taxes and social security
5,847
2,123
8
Creditors: amounts falling due after more than one year
2021
2020
Other creditors
-
274,958
Loans from directors
1,089,853
1,097,380
9
Transactions with related parties
Loans from directors:
Amounts owed to director: Julian Baseley £740,945 (2020: £753,626)
Amounts owed to director: Timothy Hopper £348,905 (2020: £343,753)
10
Average number of employees
During the year the average number of employees was 5 (2020: 5).