Company Registration No. 09131396 (England and Wales)
EDS TEXTILES LIMITED
Unaudited accounts
for the year ended 31 July 2021
EDS TEXTILES LIMITED
Unaudited accounts
Contents
EDS TEXTILES LIMITED
Company Information
for the year ended 31 July 2021
Director
MR ABUBAKAR QURESHI
Company Number
09131396 (England and Wales)
Registered Office
1F MOSS INDUSTRIAL ESTATE
WOODBINE STREET EAST
ROCHDALE
OL16 5LB
ENGLAND
Accountants
MMR & CO Chartered Certified Accountant
57 Cheetham Hill Road
Manchester
M4 4FS
EDS TEXTILES LIMITED
Statement of financial position
as at 31 July 2021
Tangible assets
1,545
1,545
Cash at bank and in hand
308,752
188,171
Creditors: amounts falling due within one year
(141,861)
(97,645)
Net current assets
209,043
170,627
Total assets less current liabilities
210,588
172,172
Creditors: amounts falling due after more than one year
(46,296)
(48,000)
Net assets
164,292
124,172
Called up share capital
10,000
10,000
Profit and loss account
154,292
114,172
Shareholders' funds
164,292
124,172
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 27 April 2022 and were signed on its behalf by
MR ABUBAKAR QURESHI
Director
Company Registration No. 09131396
EDS TEXTILES LIMITED
Notes to the Accounts
for the year ended 31 July 2021
EDS TEXTILES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09131396. The registered office is 1F MOSS INDUSTRIAL ESTATE, WOODBINE STREET EAST, ROCHDALE, OL16 5LB, ENGLAND.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Computer equipment
EDS TEXTILES LIMITED
Notes to the Accounts
for the year ended 31 July 2021
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
6
-
Debtors: amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
36,806
54,371
Loans from directors
41,301
43,274
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 6 (2020: 6).
