EDEN COMMERCIALS CUMBRIA LIMITED

EDEN COMMERCIALS CUMBRIA LIMITED - Company Information

2021-11-012022-10-312022-10-31false09317585EDEN COMMERCIALS CUMBRIA LIMITED2023-07-3145112iso4217:GBPxbrli:pure093175852021-11-01093175852022-10-31093175852021-11-012022-10-31093175852020-11-01093175852021-10-31093175852020-11-012021-10-3109317585bus:SmallEntities2021-11-012022-10-3109317585bus:AuditExempt-NoAccountantsReport2021-11-012022-10-3109317585bus:FullAccounts2021-11-012022-10-3109317585bus:PrivateLimitedCompanyLtd2021-11-012022-10-3109317585core:WithinOneYear2022-10-3109317585core:AfterOneYear2022-10-3109317585core:WithinOneYear2021-10-3109317585core:AfterOneYear2021-10-3109317585core:ShareCapital2022-10-3109317585core:SharePremium2022-10-3109317585core:RevaluationReserve2022-10-3109317585core:OtherReservesSubtotal2022-10-3109317585core:RetainedEarningsAccumulatedLosses2022-10-3109317585core:ShareCapital2021-10-3109317585core:SharePremium2021-10-3109317585core:RevaluationReserve2021-10-3109317585core:OtherReservesSubtotal2021-10-3109317585core:RetainedEarningsAccumulatedLosses2021-10-3109317585core:LandBuildings2022-10-3109317585core:PlantMachinery2022-10-3109317585core:Vehicles2022-10-3109317585core:FurnitureFittings2022-10-3109317585core:OfficeEquipment2022-10-3109317585core:NetGoodwill2022-10-3109317585core:IntangibleAssetsOtherThanGoodwill2022-10-3109317585core:ListedExchangeTraded2022-10-3109317585core:UnlistedNon-exchangeTraded2022-10-3109317585core:LandBuildings2021-10-3109317585core:PlantMachinery2021-10-3109317585core:Vehicles2021-10-3109317585core:FurnitureFittings2021-10-3109317585core:OfficeEquipment2021-10-3109317585core:NetGoodwill2021-10-3109317585core:IntangibleAssetsOtherThanGoodwill2021-10-3109317585core:ListedExchangeTraded2021-10-3109317585core:UnlistedNon-exchangeTraded2021-10-3109317585core:LandBuildings2021-11-012022-10-3109317585core:PlantMachinery2021-11-012022-10-3109317585core:Vehicles2021-11-012022-10-3109317585core:FurnitureFittings2021-11-012022-10-3109317585core:OfficeEquipment2021-11-012022-10-3109317585core:NetGoodwill2021-11-012022-10-3109317585core:IntangibleAssetsOtherThanGoodwill2021-11-012022-10-3109317585core:ListedExchangeTraded2021-11-012022-10-3109317585core:UnlistedNon-exchangeTraded2021-11-012022-10-3109317585core:MoreThanFiveYears2021-11-012022-10-3109317585core:Non-currentFinancialInstruments2022-10-3109317585core:Non-currentFinancialInstruments2021-10-3109317585dpl:CostSales2021-11-012022-10-3109317585dpl:DistributionCosts2021-11-012022-10-3109317585dpl:AdministrativeExpenses2021-11-012022-10-3109317585core:LandBuildings2021-11-012022-10-3109317585core:PlantMachinery2021-11-012022-10-3109317585core:Vehicles2021-11-012022-10-3109317585core:FurnitureFittings2021-11-012022-10-3109317585core:OfficeEquipment2021-11-012022-10-3109317585core:NetGoodwill2021-11-012022-10-3109317585core:IntangibleAssetsOtherThanGoodwill2021-11-012022-10-3109317585dpl:GroupUndertakings2021-11-012022-10-3109317585dpl:ParticipatingInterests2021-11-012022-10-3109317585dpl:GroupUndertakingscore:ListedExchangeTraded2021-11-012022-10-3109317585core:ListedExchangeTraded2021-11-012022-10-3109317585dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-11-012022-10-3109317585core:UnlistedNon-exchangeTraded2021-11-012022-10-3109317585dpl:CostSales2020-11-012021-10-3109317585dpl:DistributionCosts2020-11-012021-10-3109317585dpl:AdministrativeExpenses2020-11-012021-10-3109317585core:LandBuildings2020-11-012021-10-3109317585core:PlantMachinery2020-11-012021-10-3109317585core:Vehicles2020-11-012021-10-3109317585core:FurnitureFittings2020-11-012021-10-3109317585core:OfficeEquipment2020-11-012021-10-3109317585core:NetGoodwill2020-11-012021-10-3109317585core:IntangibleAssetsOtherThanGoodwill2020-11-012021-10-3109317585dpl:GroupUndertakings2020-11-012021-10-3109317585dpl:ParticipatingInterests2020-11-012021-10-3109317585dpl:GroupUndertakingscore:ListedExchangeTraded2020-11-012021-10-3109317585core:ListedExchangeTraded2020-11-012021-10-3109317585dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-11-012021-10-3109317585core:UnlistedNon-exchangeTraded2020-11-012021-10-3109317585core:NetGoodwill2022-10-3109317585core:IntangibleAssetsOtherThanGoodwill2022-10-3109317585core:LandBuildings2022-10-3109317585core:PlantMachinery2022-10-3109317585core:Vehicles2022-10-3109317585core:FurnitureFittings2022-10-3109317585core:OfficeEquipment2022-10-3109317585core:AfterOneYear2022-10-3109317585core:WithinOneYear2022-10-3109317585core:ListedExchangeTraded2022-10-3109317585core:UnlistedNon-exchangeTraded2022-10-3109317585core:ShareCapital2022-10-3109317585core:SharePremium2022-10-3109317585core:RevaluationReserve2022-10-3109317585core:OtherReservesSubtotal2022-10-3109317585core:RetainedEarningsAccumulatedLosses2022-10-3109317585core:NetGoodwill2021-10-3109317585core:IntangibleAssetsOtherThanGoodwill2021-10-3109317585core:LandBuildings2021-10-3109317585core:PlantMachinery2021-10-3109317585core:Vehicles2021-10-3109317585core:FurnitureFittings2021-10-3109317585core:OfficeEquipment2021-10-3109317585core:AfterOneYear2021-10-3109317585core:WithinOneYear2021-10-3109317585core:Liste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Registered Number
09317585
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2022

EDEN COMMERCIALS CUMBRIA LIMITED

Company Information
for the year from 1 November 2021 to 31 October 2022


Directors	MULLEN, Derek
	MULLEN, John Huddart


Registered Address	Units 1-4 Ashbank Building
	Crosscroft Industrial Estate
	Appleby-In-Westmorland
	CA16 6HX


Registered Number	09317585 (England and Wales)

EDEN COMMERCIALS CUMBRIA LIMITED

Statement of Financial Position
31 October 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	5		1,143,960		938,714
			1,143,960		938,714
Current assets
Stocks	9	2,643,800		1,987,273
Debtors	10	137,535		153,463
Cash at bank and on hand		1,173,655		371,818
		3,954,990		2,512,554
Creditors amounts falling due within one year	11	(2,549,308)		(1,558,759)
Net current assets (liabilities)			1,405,682		953,795
Total assets less current liabilities			2,549,642		1,892,509
Creditors amounts falling due after one year	12		(1,136,211)		(626,277)
Provisions for liabilities	14		(237,100)		(201,659)
Net assets			1,176,331		1,064,573
Capital and reserves
Called up share capital			100		100
Profit and loss account			1,176,231		1,064,473
Shareholders' funds			1,176,331		1,064,573

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 Directors acknowledge 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 Board of Directors on 31 July 2023, and are signed on its behalf by:

MULLEN, John Huddart
Director
Registered Company No. 09317585

EDEN COMMERCIALS CUMBRIA LIMITED

Notes to the Financial Statements
for the year ended 31 October 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.	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.

3.	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. 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.

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. 

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.

	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:


		Reducing balance (%)
	Plant and machinery	20
	Vehicles	20

	Stocks policy
	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 complete the sale. The impairment loss is recognised immediately in the Income Statement

	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.

	Government grants and other government assistance policy
	Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.

Government grants and other government assistance policy

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. 

Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.

	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.

	Employee benefits policy
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits policy

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

4.	Employee information


		2022		2021
	Average number of employees during the year	16		15

5.	Property, plant and equipment

	Plant & machinery	Vehicles	Total
	£	£	£
Cost or valuation
At 01 November 21	207,995	878,534	1,086,529
Additions	35,505	743,187	778,692
Disposals	-	(489,278)	(489,278)
At 31 October 22	243,500	1,132,443	1,375,943
Depreciation and impairment
At 01 November 21	91,248	56,567	147,815
Charge for year	27,084	94,019	121,103
On disposals	-	(36,935)	(36,935)
At 31 October 22	118,332	113,651	231,983
Net book value
At 31 October 22	125,168	1,018,792	1,143,960
At 31 October 21	116,747	821,967	938,714

6.	Description of nature of transactions and balances with related parties
	During the year the director had a loan account with the company. At the balance sheet date the company owed the director £222 (2021 - £33,393), This loan is unsecured, interest free and repayable upon demand

7.	Directors advances, credits and guarantees
	On 1 November 2021 a Director owed the Company £Nil. During the period this director was advanced a further £128,553 and repaid £128,553. As at 31 October 2022 this Director owed the Company £Nil. Interest of £626 was charged on this loan.

8.	Further information regarding the company's financial position
	In respect of these Financial Statements the comparative income statement has had £400,488 moved from cost of sales to administrative expenses, £125,408 moved from administrative expenses to distribution costs and £26,773 moved from administrative expenses to Interest payable and similar charges, these reclassifications have not affected the reported profit position which remains the same.

9.	Stocks

	2022	2021
	£	£
Raw materials and consumables	2,643,800	1,987,273
Total	2,643,800	1,987,273

10.	Debtors

	2022	2021
	£	£
Trade debtors / trade receivables	115,885	114,063
Other debtors	21,650	16,900
Prepayments and accrued income	-	22,500
Total	137,535	153,463


	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.

11.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	492,428	141,816
Bank borrowings and overdrafts	140,930	120,211
Taxation and social security	232,918	172,104
Finance lease and HP contracts	229,189	290,325
Other creditors	1,419,746	806,770
Accrued liabilities and deferred income	34,097	27,533
Total	2,549,308	1,558,759


	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. HP contracts are secured on the asset to which they relate.

12.	Creditors after one year

	2022	2021
	£	£
Bank borrowings and overdrafts	799,356	456,652
Other creditors	336,855	169,625
Total	1,136,211	626,277


	Finance lease and HP contracts are included in other creditors. HP contracts are secured on the asset to which they relate.

13.	Finance lease and HP contracts after one year

		2022		2021
		£		£
	Finance lease and HP contracts	336,854		169,625


	Finance lease and HP contracts after one year are secured against the assets to which they relate.

14.	Provisions for liabilities
	The provision for deferred tax arises from accelerated capital allowances.

	2022	2021
	£	£
Net deferred tax liability (asset)	237,100	201,659
Total	237,100	201,659