Ebom UK Ltd Accounts






Ebom UK Ltd
	Company No. 06926256
		Information for Filing with The Registrar
		30 June 2018

The Director presents his report and the accounts for the year ended 30 June 2018.

Principal activities
The principal activity of the company during the year under review was . that of IT Services and Internet Trading




Director

The Director who served at any time during the year was as follows:

C.I. Ukoha



































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

C.I. Ukoha
Director
01 March 2019

at	30 June 2018
Company No.		06926256	Notes	2018	2017
				£	£
Fixed assets

	Tangible assets		2	-	273


				-	273
Current assets
	Stocks		3	2,800	2,800
	Debtors		4	362	372

	Cash at bank and in hand			127	86
				3,289	3,258
Creditors: Amount falling due within one year			5	(18,033)	(16,872)
Net current liabilities				(14,744)	(13,614)
Total assets less current liabilities				(14,744)	(13,341)




Net liabilities				(14,744)	(13,341)

Capital and reserves
	Called up share capital			1	1



	Profit and loss account		6	(14,745)	(13,342)

Total equity				(14,744)	(13,341)


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 June 2018 the company was entitled to exemption 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 01 March 2019
And signed on its behalf by:
C.I. Ukoha
Director

for the year ended 30 June 2018

Accounting policies

Basis of preparation

The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

33% Straight Line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 July 2017	4,698	4,698




		At 30 June 2018	4,698	4,698
		Depreciation
		At 1 July 2017	4,425	4,425
		Charge for the year	273	273



		At 30 June 2018	4,698	4,698
		Net book values
		At 30 June 2018	-	-
		At 30 June 2017	273	273

3	Stocks
			2018	2017
			£	£


		Finished goods	2,800	2,800
			2,800	2,800

4	Debtors
			2018	2017
			£	£
		Trade debtors	326	326



		VAT recoverable	36	46



			362	372

5	Creditors:
		amounts falling due within one year
			2018	2017
			£	£




		Trade creditors	100	100



		Loans from directors	17,933	16,772


			18,033	16,872

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

Related party disclosures

Controlling party

Immediate controlling party

No single party controls the company.

Additional information

Its registered number is:

06926256

Its registered office is:

27-28 Commercial Road

Swindon

Wiltshire

SN1 5NS