EBOR FABRICS LIMITED

EBOR FABRICS LIMITED - Company Information

2022-03-302023-03-282023-03-28false01568716EBOR FABRICS LIMITED2024-05-22iso4217:GBPxbrli:pure015687162022-03-30015687162023-03-28015687162022-03-302023-03-28015687162021-03-30015687162022-03-29015687162021-03-302022-03-2901568716bus:SmallEntities2022-03-302023-03-2801568716bus:AuditExempt-NoAccountantsReport2022-03-302023-03-2801568716bus:FullAccounts2022-03-302023-03-2801568716bus:PrivateLimitedCompanyLtd2022-03-302023-03-2801568716core:WithinOneYear2023-03-2801568716core:AfterOneYear2023-03-2801568716core:WithinOneYear2022-03-2901568716core:AfterOneYear2022-03-2901568716core:ShareCapital2023-03-2801568716core:SharePremium2023-03-2801568716core:RevaluationReserve2023-03-2801568716core:OtherReservesSubtotal2023-03-2801568716core:RetainedEarningsAccumulatedLosses2023-03-2801568716core:ShareCapital2022-03-2901568716core:SharePremium2022-03-2901568716core:RevaluationReserve2022-03-2901568716core:OtherReservesSubtotal2022-03-2901568716core:RetainedEarningsAccumulatedLosses2022-03-2901568716core:LandBuildings2023-03-2801568716core:PlantMachinery2023-03-2801568716core:Vehicles2023-03-2801568716core:FurnitureFittings2023-03-2801568716core:OfficeEquipment2023-03-2801568716core:NetGoodwill2023-03-2801568716core:IntangibleAssetsOtherThanGoodwill2023-03-2801568716core:ListedExchangeTraded2023-03-2801568716core:UnlistedNon-exchangeTraded2023-03-2801568716core: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:LandBuildings2022-03-302023-03-2801568716core:PlantMachinery2022-03-302023-03-2801568716core:Vehicles2022-03-302023-03-2801568716core:FurnitureFittings2022-03-302023-03-2801568716core:OfficeEquipment2022-03-302023-03-2801568716core:NetGoodwill2022-03-302023-03-2801568716core:IntangibleAssetsOtherThanGoodwill2022-03-302023-03-2801568716core:ListedExchangeTraded2022-03-302023-03-2801568716core:UnlistedNon-exchangeTraded2022-03-302023-03-2801568716core:MoreThanFiveYears2022-03-302023-03-2801568716core:Non-currentFinancialInstruments2023-03-2801568716core:Non-currentFinancialInstruments2022-03-2901568716dpl:CostSales2022-03-302023-03-2801568716dpl:DistributionCosts2022-03-302023-03-2801568716core:LandBuildings2022-03-302023-03-2801568716core:PlantMachinery2022-03-302023-03-2801568716core:Vehicles2022-03-302023-03-2801568716core:FurnitureFittings2022-03-302023-03-2801568716core:OfficeEquipment2022-03-302023-03-2801568716dpl:AdministrativeExpenses2022-03-302023-03-2801568716core:NetGoodwill2022-03-302023-03-2801568716core:IntangibleAssetsOtherThanGoodwill2022-03-302023-03-2801568716dpl:GroupUndertakings2022-03-302023-03-2801568716dpl:ParticipatingInterests2022-03-302023-03-2801568716dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-302023-03-2801568716core:ListedExchangeTraded2022-03-302023-03-2801568716dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-302023-03-2801568716core:UnlistedNon-exchangeTraded2022-03-302023-03-2801568716dpl:CostSales2021-03-302022-03-2901568716dpl:DistributionCosts2021-03-302022-03-2901568716core:LandBuildings2021-03-302022-03-2901568716core:PlantMachinery2021-03-302022-03-2901568716core:Vehicles2021-03-302022-03-2901568716core:FurnitureFittings2021-03-302022-03-2901568716core:OfficeEquipment2021-03-302022-03-2901568716dpl:AdministrativeExpenses2021-03-302022-03-2901568716core: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-exchangeTraded2021-03-302022-03-2901568716core:NetGoodwill2023-03-2801568716core:IntangibleAssetsOtherThanGoodwill2023-03-2801568716core:LandBuildings2023-03-2801568716core:PlantMachinery2023-03-2801568716core:Vehicles2023-03-2801568716core:FurnitureFittings2023-03-2801568716core:OfficeEquipment2023-03-2801568716core:AfterOneYear2023-03-2801568716core:WithinOneYear2023-03-2801568716core:ListedExchangeTraded2023-03-2801568716core:UnlistedNon-exchangeTraded2023-03-2801568716core:ShareCapital2023-03-2801568716core:SharePremium2023-03-2801568716core:RevaluationReserve2023-03-2801568716core:OtherReservesSubtotal2023-03-2801568716core:RetainedEarningsAccumulatedLosses2023-03-2801568716core: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:ListedExch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Registered Number
01568716
(England and Wales)

Unaudited Financial Statements for the Period ended
28 March 2023

EBOR FABRICS LIMITED

Company Information
for the period from 30 March 2022 to 28 March 2023


Director	HEATON, A R


Registered Address	Embsay Mills
	Embsay
	Skipton
	BD23 6QF


Registered Number	01568716 (England and Wales)

EBOR FABRICS LIMITED

Statement of Financial Position
28 March 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	3		22,118		29,958
			22,118		29,958
Current assets
Stocks	4	589,106		630,642
Debtors		143,999		168,370
Cash at bank and on hand		1,010		14,741
		734,115		813,753
Creditors amounts falling due within one year	5	(487,803)		(562,496)
Net current assets (liabilities)			246,312		251,257
Total assets less current liabilities			268,430		281,215
Creditors amounts falling due after one year	6		(67,817)		(82,004)
Net assets			200,613		199,211
Capital and reserves
Called up share capital			83,026		83,026
Other reserves			5,000		5,000
Profit and loss account			112,587		111,185
Shareholders' funds			200,613		199,211

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 under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 22 May 2024, 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 period ended 28 March 2023

1.	Accounting policies

	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.

	Basis of preparation
	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.

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

	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.

	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.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease. Where the company is a lessor, rental income from operating leases is credited to the Income Statement on a straight-line basis over the lease term.

Operating leases

Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease.

Where the company is a lessor, rental income from operating leases is credited to the Income Statement on a straight-line basis over the lease term.

	Foreign currency translation
	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

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

	Current taxation
	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
	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

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.

	Tangible fixed assets and depreciation
	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:

Tangible fixed assets and depreciation

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

	Finance leases and hire purchase contracts
	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.

Finance leases and hire purchase contracts

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.

	Stocks and work in progress
	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 and sell. The impairment loss is recognised immediately in the Income Statement. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Stocks and work in progress

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 and sell.  The impairment loss is recognised immediately in the Income Statement.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

	Financial instruments
	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.

2.	Average number of employees


		2023		2022
	Average number of employees during the year	3		4

3.	Tangible fixed assets

	Vehicles	Office Equipment	Total
	£	£	£
Cost or valuation
At 30 March 22	39,205	49,166	88,371
At 28 March 23	39,205	49,166	88,371
Depreciation and impairment
At 30 March 22	9,247	49,166	58,413
Charge for year	7,840	-	7,840
At 28 March 23	17,087	49,166	66,253
Net book value
At 28 March 23	22,118	-	22,118
At 29 March 22	29,958	-	29,958

4.	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.

	2023	2022
	£	£
Finished goods	589,106	630,642
Total	589,106	630,642

5.	Creditors: amounts due within one year

	2023	2022
	£	£
Trade creditors / trade payables	243,915	350,601
Bank borrowings and overdrafts	37,425	24,999
Taxation and social security	136,805	126,423
Finance lease and HP contracts	5,752	7,671
Other creditors	43,877	32,262
Accrued liabilities and deferred income	20,029	20,540
Total	487,803	562,496


	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:- Obligations under finance lease and hire purchase contracts - £5,752 (2022 - £7,671) The following liabilities disclosed under creditors falling due within one year are secured by personal guarantee:- Bank Loans - £27,425 (2022 - £15,000)

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:-
Obligations under finance lease and hire purchase contracts - £5,752 (2022 - £7,671)

The following liabilities disclosed under creditors falling due within one year are secured by personal guarantee:-
Bank Loans - £27,425 (2022 - £15,000)

6.	Creditors: amounts due after one year

	2023	2022
	£	£
Bank borrowings and overdrafts	67,817	76,251
Other creditors	-	5,753
Total	67,817	82,004


	The following liabilities disclosed under creditors falling due after more than one year are secured by the company:- Obligations under finance lease and hire purchase contracts - £nil (2022 - £5,753) The following liabilities disclosed under creditors falling due after more than one year are secured by personal guarantee:- Bank Loans - £45,317 (2022 - £43,750)

7.	Operating lease commitments
	At 28 March 2023, the company had future minimum lease payments under non-cancellable operating leases for each of the following periods: Not later than 1 year £10,000 (2022 - £nil) Later than 1 year and not later than 5 years £80,000 (2022 - £nil) Later than 5 years £30,000 (2022 - £nil)

8.	Related party transactions
	Included in other creditors is a balance of £30,527 (2022 - £18,912) due to the director. The balance is interest free and repayable on demand.