Eggersmann Design Limited - Accounts to registrar (filleted) - small 23.2.5
Eggersmann Design Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 August 2023 |
| for |
| Eggersmann Design Limited |
| Eggersmann Design Limited (Registered number: 10287367) |
| Contents of the Financial Statements |
| for the Year Ended 31 August 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Eggersmann Design Limited |
| Company Information |
| for the Year Ended 31 August 2023 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Thatcher House |
| 12 Mount Ephraim |
| Tunbridge Wells |
| Kent |
| TN4 8AS |
| Eggersmann Design Limited (Registered number: 10287367) |
| Balance Sheet |
| 31 August 2023 |
| 2023 | 2022 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | 10 | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| Eggersmann Design Limited (Registered number: 10287367) |
| Balance Sheet - continued |
| 31 August 2023 |
| 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 and authorised for issue on |
| Eggersmann Design Limited (Registered number: 10287367) |
| Notes to the Financial Statements |
| for the Year Ended 31 August 2023 |
| 1. | STATUTORY INFORMATION |
| Eggersmann Design Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| SIGNIFICANT JUDGEMENTS AND ESTIMATES |
| During the year ended 31 August 2023, the company changed its accounting policy for depreciating furniture and fixtures. Previously, the company depreciated these assets using the 25% as per Reducing balance method. From 01 September 2022, the company has started to depreciate furniture and fixtures using the 10% Reducing balance method, to align with the best practices and ensure the financial statements provide a true and fair view of the assets' value. |
| TURNOVER |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| TANGIBLE FIXED ASSETS |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| DEFERRED TAX |
| Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date as these are considered immaterial. |
| HIRE PURCHASE AND LEASING COMMITMENTS |
| 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. |
| GOING CONCERN |
| These accounts have been prepared on the going concern basis, on the understanding that the directors will continue to financially support the company. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Eggersmann Design Limited (Registered number: 10287367) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2023 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 September 2022 |
| Additions |
| At 31 August 2023 |
| DEPRECIATION |
| At 1 September 2022 |
| Charge for year |
| At 31 August 2023 |
| NET BOOK VALUE |
| At 31 August 2023 |
| At 31 August 2022 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Tax |
| Prepayments and accrued income |
| The directors consider the carrying value of trade and other receivables approximate to their fair values. |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade creditors |
| Social security and other tax |
| VAT | 42,295 | 59,505 |
| Other creditors |
| CIS liability | 18,229 | 10,700 |
| Directors' current accounts | 75,475 | 6,333 |
| Accrued expenses |
| The directors consider the carrying amounts of current liabilities approximate to their fair values. |
| Eggersmann Design Limited (Registered number: 10287367) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2023 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2023 | 2022 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted and issued: |
| Number: | Class: | Nominal | 2023 | 2022 |
| value: | £ | £ |
| Share capital 1 | £1 | 2 | 2 |
| 10. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 September 2022 |
| Deficit for the year | ( |
) |
| At 31 August 2023 | ( |
) |
| The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve. |
| 11. | PENSION COMMITMENTS |
| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable by the company to the fund and amounted to £5,679 (2022 - £4,765). |
| 12. | ULTIMATE CONTROLLING PARTY |
| The controlling parties are Mr G R M Elliott and Mr G Singer both being directors and share holders. |
| 13. | SECURED DEBTS |
| Security is held by Lloyds bank PLC and The Trustees of the Eggersmann Design Pension Scheme in the form of charges held over all assets of the company , incorporating a fixed charge and negative pledge. |