Eastern Business Systems Limited - Accounts to registrar (filleted) - small 18.2
Eastern Business Systems Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| EASTERN BUSINESS SYSTEMS LIMITED |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH APRIL 2018 |
| EASTERN BUSINESS SYSTEMS LIMITED (REGISTERED NUMBER: 02912024) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH APRIL 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| EASTERN BUSINESS SYSTEMS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30TH APRIL 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| Coppice House |
| Halesfield 7 |
| Telford |
| Shropshire |
| TF7 4NA |
| BANKERS: |
| Coventry City Branch |
| 24 Broadgate |
| Coventry |
| West Midlands |
| CV1 1NE |
| EASTERN BUSINESS SYSTEMS LIMITED (REGISTERED NUMBER: 02912024) |
| BALANCE SHEET |
| 30TH APRIL 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on were signed on its behalf by: |
| EASTERN BUSINESS SYSTEMS LIMITED (REGISTERED NUMBER: 02912024) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH APRIL 2018 |
| 1. | STATUTORY INFORMATION |
| Eastern Business Systems Limited is a |
| England and Wales. The company's registered number and registered office address can be |
| found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting |
| Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', |
| not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding |
| discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Improvements to property | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance |
| for obsolete and slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income |
| Statement, except to the extent that it relates to items recognised in other comprehensive |
| income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that |
| have been enacted or substantively enacted by the balance sheet date. |
| EASTERN BUSINESS SYSTEMS LIMITED (REGISTERED NUMBER: 02912024) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH APRIL 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not |
| reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in |
| periods different from those in which they are recognised in financial statements. Deferred |
| tax is measured using tax rates and laws that have been enacted or substantively enacted |
| by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is |
| probable that they will be recovered against the reversal of deferred tax liabilities or other |
| future taxable profits. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the |
| balance sheet. Those held under hire purchase contracts are depreciated over their |
| estimated useful lives. Those held under finance leases are depreciated over their estimated |
| useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. |
| The capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over |
| the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to |
| the company's pension scheme are charged to profit or loss in the period to which they |
| relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| EASTERN BUSINESS SYSTEMS LIMITED (REGISTERED NUMBER: 02912024) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH APRIL 2018 |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | and | Motor |
| property | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st May 2017 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 30th April 2018 |
| DEPRECIATION |
| At 1st May 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 30th April 2018 |
| NET BOOK VALUE |
| At 30th April 2018 |
| At 30th April 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Amount due from Business By |
| Technology Holdings Limited | 1,450,000 | 1,000,000 |
| Amount due from Business By Technology Limited |
437,697 |
383,532 |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| VAT | 136,573 | 126,917 |
| Other creditors | 4,891 | (476 | ) |
| Accrued expenses |
| EASTERN BUSINESS SYSTEMS LIMITED (REGISTERED NUMBER: 02912024) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH APRIL 2018 |
| 7. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2018 | 2017 |
| £ | £ |
| Within one year |
| Between one and five years |
| 8. | PROVISIONS FOR LIABILITIES |
| 2018 | 2017 |
| £ | £ |
| Deferred tax | 7,104 | 12,581 |
| Deferred |
| tax |
| £ |
| Balance at 1st May 2017 |
| Credit to Income Statement during year | ( |
) |
| Balance at 30th April 2018 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| "A" Ordinary | £1 | 40 | 40 |
| "B" Ordinary | £1 | 40 | 40 |
| "C" Ordinary | £1 | 20 | 20 |
| 100 | 100 |
| 10. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1st May 2017 |
| Profit for the year |
| At 30th April 2018 |
| EASTERN BUSINESS SYSTEMS LIMITED (REGISTERED NUMBER: 02912024) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH APRIL 2018 |
| 11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 12. | OTHER FINANCIAL COMMITMENTS |
| The company has given an unlimited inter company guarantee to Business By Technology |
| (Holdings) Limited and Business By Technology Limited inrespect of any bank borrowings in |
| those companies. |
| 13. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Business By Technology (Holdings)Limited. |
| The ultimate controlling party is |