EWI STORE LTD

Company Registration Number:
07665021 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2023

Period of accounts

Start date: 1 July 2022

End date: 30 June 2023

EWI STORE LTD

Contents of the Financial Statements

for the Period Ended 30 June 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

EWI STORE LTD

Profit And Loss Account

for the Period Ended 30 June 2023

2023 2022


£

£
Turnover: 17,226,993 10,207,132
Cost of sales: ( 11,186,402 ) ( 6,214,954 )
Gross profit(or loss): 6,040,591 3,992,178
Administrative expenses: ( 4,125,868 ) ( 2,921,384 )
Operating profit(or loss): 1,914,723 1,070,794
Profit(or loss) before tax: 1,914,723 1,070,794
Tax: ( 352,548 ) ( 186,769 )
Profit(or loss) for the financial year: 1,562,175 884,025

EWI STORE LTD

Balance sheet

As at 30 June 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 521,932 310,469
Total fixed assets: 521,932 310,469
Current assets
Stocks: 4 2,049,178 1,286,539
Debtors: 5 1,608,816 959,347
Cash at bank and in hand: 2,201,062 910,865
Investments: 6 1,300
Total current assets: 5,860,356 3,156,751
Creditors: amounts falling due within one year: 7 ( 4,819,492 ) ( 2,469,540 )
Net current assets (liabilities): 1,040,864 687,211
Total assets less current liabilities: 1,562,796 997,680
Creditors: amounts falling due after more than one year: 8 ( 444,216 ) ( 425,834 )
Total net assets (liabilities): 1,118,580 571,846
Capital and reserves
Called up share capital: 100 100
Other reserves: 80,000 80,000
Profit and loss account: 1,038,480 491,746
Total Shareholders' funds: 1,118,580 571,846

The notes form part of these financial statements

EWI STORE LTD

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 9 October 2023
and signed on behalf of the board by:

Name: JAMES ALCOCK
Status: Director

The notes form part of these financial statements

EWI STORE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents amounts invoiced by the company, net of value added tax, in respect of the sale of goods and services to customers.

    Tangible fixed assets depreciation policy

    Tangible Fixed Assets are stated at cost less depreciation. Depreciation is provided at the rate of 25% on straight line method, calculated to write off the costs of each asset over its expected useful life.

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortized at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

    Valuation information and policy

    Stock and work-in-progress are valued at the lower of cost and net realizable value, after making due allowance for obsolete and slow and accounting purposes that have originated, but not reversed at the Balance Sheet date.

EWI STORE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 49 46

EWI STORE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2022 186,274 56,450 29,168 38,577 310,469
Additions 314,258 48,539 55,902 59,999 478,698
Disposals ( 14,119 ) ( 14,119 )
Revaluations
Transfers
At 30 June 2023 500,532 104,989 85,070 84,457 775,048
Depreciation
At 1 July 2022 0 0 0 0 0
Charge for year 162,832 34,736 26,089 31,124 254,781
On disposals ( 1,665 ) ( 1,665 )
Other adjustments
At 30 June 2023 162,832 34,736 26,089 29,459 253,116
Net book value
At 30 June 2023 337,700 70,253 58,981 54,998 521,932
At 30 June 2022 186,274 56,450 29,168 38,577 310,469

EWI STORE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Stocks

2023 2022
£ £
Stocks 2,049,178 1,286,539
Total 2,049,178 1,286,539

EWI STORE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Debtors

2023 2022
£ £
Trade debtors 1,172,050 671,766
Prepayments and accrued income 436,766 287,581
Total 1,608,816 959,347

EWI STORE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

6. Current assets investments note

A resource held by the company for investment rather than trading purposes, and likely to be sold soon.

EWI STORE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

7. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 3,988,328 1,921,615
Taxation and social security 816,927 494,848
Accruals and deferred income 14,237 53,077
Total 4,819,492 2,469,540

EWI STORE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

8. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 192,029 258,665
Amounts due under finance leases and hire purchase contracts 252,187 167,169
Total 444,216 425,834