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ETS (UK) LIMITED - Company Information

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ETS (UK) Limited

Registered Number:02588203

For the year ended 30 April 2019

England and Wales

Report of the Directors and Financial Statements

For the year ended 30 April 2019

ETS (UK) Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 30 April 2019

ETS (UK) Limited

Statement of Financial Position

Registered Number :

02588203

2018

2019

Notes

Fixed assets

Property, plant and equipment

281,468

323,660

Financial assets

210,974

492,442

534,634

Current assets

Inventories

517,272

473,684

Trade and other receivables

501,835

480,105

293,708

Cash and cash equivalents

386,174

1,339,963

1,312,815

Trade and other payables: amounts falling due within one

year

(495,386)

(505,852)

817,429

834,111

Net current assets

Total assets less current liabilities

1,326,553

1,352,063

(12,448)

(17,471)

Provisions for liabilities

1,314,105

Net assets

1,334,592

Capital and reserves

Called up share capital

1,000

Retained earnings

1,313,105

1,333,592

1,314,105

1,334,592

Shareholders' funds

For the year ended 30 April 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 of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of

each financial year and of its profit or loss for each financial year in accordance with the requirements of Section

394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial

statements, so far as applicable to the company.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

A C Ferguson Director

These financial statements were approved and authorised for issue by the Board on 19 June 2019 and were signed by:

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For the year ended 30 April 2019

ETS (UK) Limited

Statement of Financial Position Continued

The notes form part of these financial statements

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For the year ended 30 April 2019

ETS (UK) Limited

Notes to the Financial Statements

Statutory Information

ETS (UK) Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number

02588203.

Registered address:

Northside Industrial Park

Whitley Bridge

Nr Goole

East Yorkshire

DN14 0GH

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 25 years.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery

12.5% Straight line

25% Straight line

Motor vehicles

No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected

useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation

would be immaterial. The directors undertake an annual impairment review of these properties.

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.

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For the year ended 30 April 2019

ETS (UK) Limited

Notes to the Financial Statements Continued

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 May 2018

11,000

At 30 April 2019

11,000

Amortisation

At 01 May 2018

11,000

At 30 April 2019

11,000

Net book value

At 30 April 2019

At 30 April 2018

3. Property, plant and equipment

Total

Motor vehicles

Plant and

machinery

Land and

buildings

Cost or

valuation

At 01 May 2018

884,506

186,415

526,242

171,849

6,581

Additions

(15,928)

Disposals

(15,928)

At 30 April 2019

171,849

532,823

170,487

875,159

Provision for depreciation and impairment

At 01 May 2018

560,846

150,355

410,491

Charge for year

48,773

22,259

26,514

(15,928)

On disposal

At 30 April 2019

593,691

156,686

437,005

At 30 April 2019

Net book value

171,849

95,818

13,801

281,468

At 30 April 2018

171,849

115,751

36,060

323,660

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For the year ended 30 April 2019

ETS (UK) Limited

Notes to the Financial Statements Continued

4. Investments held as fixed assets

Other investments

Total

At 01 May 2018

210,974

Cost

At 30 April 2019

210,974

At 30 April 2019

Net book value

210,974

At 01 May 2018

210,974

5. Inventories

2018

2019

Stocks

473,684

517,272

6. Trade and other receivables

2018

2019

Trade debtors

314,664

344,521

Other debtors

165,441

157,314

501,835

480,105

7. Trade and other payables: amounts falling due within one year

2018

2019

Trade creditors

233,739

234,814

Taxation and social security

69,235

51,912

Other creditors

202,878

208,660

505,852

495,386

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