Company Registration No. 03312633 (England and Wales)
EWBANK PRODUCTS LIMITED
Unaudited accounts
for the year ended 31 December 2020
EWBANK PRODUCTS LIMITED
Unaudited accounts
Contents
EWBANK PRODUCTS LIMITED
Company Information
for the year ended 31 December 2020
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 2020
Tangible assets
176,309
184,245
Inventories
10,297
11,814
Debtors
1,007,263
1,060,444
Cash at bank and in hand
168,116
22,556
Creditors: amounts falling due within one year
(207,980)
(180,661)
Net current assets
977,696
914,153
Total assets less current liabilities
1,154,679
1,099,072
Creditors: amounts falling due after more than one year
(1,422,338)
(1,301,245)
Net liabilities
(267,659)
(202,173)
Called up share capital
554,600
554,600
Share premium
455,400
455,400
Revaluation reserve
113,043
113,043
Profit and loss account
(1,390,702)
(1,325,216)
Shareholders' funds
(267,659)
(202,173)
For the year ending 31 December 2020 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 2 September 2021 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 2020
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 2020
689,321
17,715
707,036
At 31 December 2020
689,321
21,286
710,607
At 1 January 2020
506,174
16,617
522,791
Charge for the year
10,881
626
11,507
At 31 December 2020
517,055
17,243
534,298
At 31 December 2020
172,266
4,043
176,309
At 31 December 2019
183,147
1,098
184,245
EWBANK PRODUCTS LIMITED
Notes to the Accounts
for the year ended 31 December 2020
5
Investments
Subsidiary undertakings
Valuation at 1 January 2020
674
Valuation at 31 December 2020
674
6
Debtors: amounts falling due within one year
2020
2019
Trade debtors
326,610
345,426
Amounts due from group undertakings etc.
658,995
648,192
Accrued income and prepayments
20,658
53,023
Other debtors
1,000
12,810
7
Creditors: amounts falling due within one year
2020
2019
Trade creditors
195,872
179,491
Taxes and social security
2,123
(830)
8
Creditors: amounts falling due after more than one year
2020
2019
Other creditors
274,958
1,301,245
Loans from directors
1,097,380
-
9
Transactions with related parties
Loans from directors:
Amounts owed to director: Julian Baseley £753,626 (2019: £697,891)
Amounts owed to director: Timothy Hopper £343,753 (2019: £273,911)
10
Average number of employees
During the year the average number of employees was 5 (2019: 5).