EBOR FABRICS LIMITED

EBOR FABRICS LIMITED - Company Information

2021-03-302022-03-292022-03-29false01568716EBOR FABRICS LIMITED2023-02-22iso4217:GBPxbrli:pure015687162021-03-30015687162022-03-29015687162021-03-302022-03-29015687162020-03-30015687162021-03-29015687162020-03-302021-03-2901568716bus:SmallEntities2021-03-302022-03-2901568716bus:AuditExempt-NoAccountantsReport2021-03-302022-03-2901568716bus:FullAccounts2021-03-302022-03-2901568716bus:PrivateLimitedCompanyLtd2021-03-302022-03-2901568716core:WithinOneYear2022-03-2901568716core:AfterOneYear2022-03-2901568716core:WithinOneYear2021-03-2901568716core:AfterOneYear2021-03-2901568716core:ShareCapital2022-03-2901568716core:SharePremium2022-03-2901568716core:RevaluationReserve2022-03-2901568716core:OtherReservesSubtotal2022-03-2901568716core:RetainedEarningsAccumulatedLosses2022-03-2901568716core:ShareCapital2021-03-2901568716core:SharePremium2021-03-2901568716core:RevaluationReserve2021-03-2901568716core:OtherReservesSubtotal2021-03-2901568716core:RetainedEarningsAccumulatedLosses2021-03-2901568716core:LandBuildings2022-03-2901568716core:PlantMachinery2022-03-2901568716core:Vehicles2022-03-2901568716core:FurnitureFittings2022-03-2901568716core:OfficeEquipment2022-03-2901568716core:NetGoodwill2022-03-2901568716core:IntangibleAssetsOtherThanGoodwill2022-03-2901568716core:ListedExchangeTraded2022-03-2901568716core:UnlistedNon-exchangeTraded2022-03-2901568716core:LandBuildings2021-03-2901568716core:PlantMachinery2021-03-2901568716core:Vehicles2021-03-2901568716core:FurnitureFittings2021-03-2901568716core:OfficeEquipment2021-03-2901568716core:NetGoodwill2021-03-2901568716core:IntangibleAssetsOtherThanGoodwill2021-03-2901568716core:ListedExchangeTraded2021-03-2901568716core:UnlistedNon-exchangeTraded2021-03-2901568716core:LandBuildings2021-03-302022-03-2901568716core:PlantMachinery2021-03-302022-03-2901568716core:Vehicles2021-03-302022-03-2901568716core:FurnitureFittings2021-03-302022-03-2901568716core:OfficeEquipment2021-03-302022-03-2901568716core:NetGoodwill2021-03-302022-03-2901568716core:IntangibleAssetsOtherThanGoodwill2021-03-302022-03-2901568716core:ListedExchangeTraded2021-03-302022-03-2901568716core:UnlistedNon-exchangeTraded2021-03-302022-03-2901568716core:MoreThanFiveYears2021-03-302022-03-2901568716core:Non-currentFinancialInstruments2022-03-2901568716core:Non-currentFinancialInstruments2021-03-2901568716dpl:CostSales2021-03-302022-03-2901568716dpl:DistributionCosts2021-03-302022-03-2901568716dpl:AdministrativeExpenses2021-03-302022-03-2901568716core:LandBuildings2021-03-302022-03-2901568716core:PlantMachinery2021-03-302022-03-2901568716core:Vehicles2021-03-302022-03-2901568716core:FurnitureFittings2021-03-302022-03-2901568716core:OfficeEquipment2021-03-302022-03-2901568716core:NetGoodwill2021-03-302022-03-2901568716core:IntangibleAssetsOtherThanGoodwill2021-03-302022-03-2901568716dpl:GroupUndertakings2021-03-302022-03-2901568716dpl:ParticipatingInterests2021-03-302022-03-2901568716dpl:GroupUndertakingscore:ListedExchangeTraded2021-03-302022-03-2901568716core:ListedExchangeTraded2021-03-302022-03-2901568716dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-03-302022-03-2901568716core:UnlistedNon-exchangeTraded2021-03-302022-03-2901568716dpl:CostSales2020-03-302021-03-2901568716dpl:DistributionCosts2020-03-302021-03-2901568716dpl:AdministrativeExpenses2020-03-302021-03-2901568716core:LandBuildings2020-03-302021-03-2901568716core:PlantMachinery2020-03-302021-03-2901568716core:Vehicles2020-03-302021-03-2901568716core:FurnitureFittings2020-03-302021-03-2901568716core:OfficeEquipment2020-03-302021-03-2901568716core:NetGoodwill2020-03-302021-03-2901568716core:IntangibleAssetsOtherThanGoodwill2020-03-302021-03-2901568716dpl:GroupUndertakings2020-03-302021-03-2901568716dpl:ParticipatingInterests2020-03-302021-03-2901568716dpl:GroupUndertakingscore:ListedExchangeTraded2020-03-302021-03-2901568716core:ListedExchangeTraded2020-03-302021-03-2901568716dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-03-302021-03-2901568716core:UnlistedNon-exchangeTraded2020-03-302021-03-2901568716core:NetGoodwill2022-03-2901568716core:IntangibleAssetsOtherThanGoodwill2022-03-2901568716core:LandBuildings2022-03-2901568716core:PlantMachinery2022-03-2901568716core:Vehicles2022-03-2901568716core:FurnitureFittings2022-03-2901568716core:OfficeEquipment2022-03-2901568716core:AfterOneYear2022-03-2901568716core:WithinOneYear2022-03-2901568716core:ListedExchangeTraded2022-03-2901568716core:UnlistedNon-exchangeTraded2022-03-2901568716core:ShareCapital2022-03-2901568716core:SharePremium2022-03-2901568716core:RevaluationReserve2022-03-2901568716core:OtherReservesSubtotal2022-03-2901568716core:RetainedEarningsAccumulatedLosses2022-03-2901568716core:NetGoodwill2021-03-2901568716core:IntangibleAssetsOtherThanGoodwill2021-03-2901568716core:LandBuildings2021-03-2901568716core:PlantMachinery2021-03-2901568716core:Vehicles2021-03-2901568716core:FurnitureFittings2021-03-2901568716core:OfficeEquipment2021-03-2901568716core:AfterOneYear2021-03-2901568716core:WithinOneYear2021-03-2901568716core:ListedExch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Registered Number
01568716
(England and Wales)

Unaudited Financial Statements for the Year ended
29 March 2022

EBOR FABRICS LIMITED

Company Information
for the year from 30 March 2021 to 29 March 2022


Directors	HEATON, A R


Registered Address	Embsay Mills
	Embsay
	Skipton
	BD23 6QF


Registered Number	01568716 (England and Wales)

EBOR FABRICS LIMITED

Statement of Financial Position
29 March 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	6		29,958		37,799
			29,958		37,799
Current assets
Stocks	8	630,642		619,394
Debtors	9	168,370		181,431
Cash at bank and on hand		14,741		12,141
		813,753		812,966
Creditors amounts falling due within one year	10	(562,496)		(372,446)
Net current assets (liabilities)			251,257		440,520
Total assets less current liabilities			281,215		478,319
Creditors amounts falling due after one year	11		(82,004)		(56,195)
Net assets			199,211		422,124
Capital and reserves
Called up share capital			83,026		83,026
Other reserves			5,000		5,000
Profit and loss account			111,185		334,098
Shareholders' funds			199,211		422,124

The company was entitled to exemption from audit for this reporting period 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 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Director on 22 February 2023, and are signed on its behalf by:

HEATON, A R
Director
Registered Company No. 01568716

EBOR FABRICS LIMITED

Notes to the Financial Statements
for the year ended 29 March 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Principal activities
	The principal activity of the company is the supply of wholesale craft fabrics to retail outlets and craft industries.

3.	Basis of measurement used in financial statements
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

4.	Accounting policies

	Functional and presentation currency policy
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Property, plant and equipment policy

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Vehicles	5
	Office Equipment	5

	Taxation policy
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Leases policy
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

Leases policy

Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

	Valuation of financial instruments policy
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

	Going concern
	The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to have the support of the directors, shareholders and creditors and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

5.	Employee information


		2022		2021
	Average number of employees during the year	4		4

6.	Property, plant and equipment

	Vehicles	Office Equipment	Total
	£	£	£
Cost or valuation
At 30 March 21	39,205	49,166	88,371
At 29 March 22	39,205	49,166	88,371
Depreciation and impairment
At 30 March 21	1,406	49,166	50,572
Charge for year	7,841	-	7,841
At 29 March 22	9,247	49,166	58,413
Net book value
At 29 March 22	29,958	-	29,958
At 29 March 21	37,799	-	37,799

7.	Description of nature of transactions and balances with related parties
	Included in other creditors is a balance of £18,912 (2021 - £44,977) due to the director. The balance is interest free and repayable on demand.

8.	Stocks
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to completed the sale. The impairment loss is recognised immediately in the Income Statement.

	2022	2021
	£	£
Finished goods	630,642	619,394
Total	630,642	619,394

9.	Debtors

	2022	2021
	£	£
Trade debtors / trade receivables	168,370	181,431
Total	168,370	181,431


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

10.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	350,601	159,337
Bank borrowings and overdrafts	24,999	7,229
Taxation and social security	126,423	101,238
Finance lease and HP contracts	7,671	7,671
Other creditors	32,262	58,827
Accrued liabilities and deferred income	20,540	38,144
Total	562,496	372,446


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. The following liabilities disclosed under creditors falling due within one year are secured by the company:- Bank Loans - £15,000 (2021 - £Nil) Obligations under finance lease and hire purchase contracts - £7,671 (2021 - £7,671)

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

The following liabilities disclosed under creditors falling due within one year are secured by the company:-
Bank Loans - £15,000 (2021 - £Nil)
Obligations under finance lease and hire purchase contracts - £7,671 (2021 - £7,671)

11.	Creditors after one year

	2022	2021
	£	£
Bank borrowings and overdrafts	76,251	42,771
Other creditors	5,753	13,424
Total	82,004	56,195


	The following liabilities disclosed under creditors falling due after more than one year are secured by the company:- Bank Loans - £43,750 (2021 - £Nil) Obligations under finance lease and hire purchase contracts - £5,753 (2021 - £13,424)

12.	Finance lease and HP contracts after one year

		2022		2021
		£		£
	Finance lease and HP contracts	5,752		13,424