Company registration number 07893256 (England and Wales)
EDEN STANLEY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
EDEN STANLEY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
EDEN STANLEY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
102,072
49,321
Current assets
Debtors
5
243,550
152,417
Cash at bank and in hand
277,308
322,956
520,858
475,373
Creditors: amounts falling due within one year
6
(403,991)
(193,942)
Net current assets
116,867
281,431
Total assets less current liabilities
218,939
330,752
Creditors: amounts falling due after more than one year
7
-
0
(92,123)
Provisions for liabilities
(19,224)
(9,371)
Net assets
199,715
229,258
Capital and reserves
Called up share capital
8
1
1
Profit and loss reserves
199,714
229,257
Total equity
199,715
229,258

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

EDEN STANLEY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 16 October 2023
Mr J Barrell
Director
Company registration number 07893256 (England and Wales)
EDEN STANLEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information

Eden Stanley Limited is a private company limited by shares incorporated in England and Wales. The registered office is 45-46 Charlotte Road, Shoreditch, London, EC2A 3PD. The company number is 07893256.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
5 years straight line
Fixtures and fittings
25% straight line
Computers
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

EDEN STANLEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

EDEN STANLEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 5 -
1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
6
7
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2022
-
0
71,186
71,186
Additions
51,323
24,098
75,421
Disposals
-
0
(12,473)
(12,473)
At 31 March 2023
51,323
82,811
134,134
Depreciation and impairment
At 1 April 2022
-
0
21,865
21,865
Depreciation charged in the year
5,560
17,073
22,633
Eliminated in respect of disposals
-
0
(12,436)
(12,436)
At 31 March 2023
5,560
26,502
32,062
Carrying amount
At 31 March 2023
45,763
56,309
102,072
At 31 March 2022
-
0
49,321
49,321
EDEN STANLEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 6 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
211,253
132,366
Other debtors
32,297
20,051
243,550
152,417
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
-
0
30,000
Trade creditors
68,424
44,963
Corporation tax
21,032
36,662
Other taxation and social security
87,728
51,672
Other creditors
226,807
30,645
403,991
193,942
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
-
0
92,123
8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
1000 Ordinary of 0.1p each
1,000
1
1
1

During the year, the company subdivided its share capital into 1,000 Ordinary shares of £0.001 each, to facilitate the implementation of an EMI Option scheme.

9
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
148,400
-
0
2023-03-312022-04-01false16 October 2023CCH SoftwareCCH Accounts Production 2023.200No description of principal activityMr J Barrell078932562022-04-012023-03-31078932562023-03-31078932562022-03-3107893256core:LandBuildings2023-03-3107893256core:OtherPropertyPlantEquipment2023-03-3107893256core:LandBuildings2022-03-3107893256core:OtherPropertyPlantEquipment2022-03-3107893256core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3107893256core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3107893256core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-3107893256core:Non-currentFinancialInstrumentscore:AfterOneYear2022-03-3107893256core:CurrentFinancialInstruments2023-03-3107893256core:CurrentFinancialInstruments2022-03-3107893256core:ShareCapital2023-03-3107893256core:ShareCapital2022-03-3107893256core:RetainedEarningsAccumulatedLosses2023-03-3107893256core:RetainedEarningsAccumulatedLosses2022-03-3107893256bus:Director12022-04-012023-03-3107893256core:LeaseholdImprovements2022-04-012023-03-3107893256core:FurnitureFittings2022-04-012023-03-3107893256core:ComputerEquipment2022-04-012023-03-31078932562021-04-012022-03-3107893256core:LandBuildings2022-03-3107893256core:OtherPropertyPlantEquipment2022-03-31078932562022-03-3107893256core:LandBuildings2022-04-012023-03-3107893256core:OtherPropertyPlantEquipment2022-04-012023-03-3107893256core:WithinOneYear2023-03-3107893256core:WithinOneYear2022-03-3107893256core:Non-currentFinancialInstruments2023-03-3107893256core:Non-currentFinancialInstruments2022-03-3107893256bus:PrivateLimitedCompanyLtd2022-04-012023-03-3107893256bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3107893256bus:FRS1022022-04-012023-03-3107893256bus:AuditExemptWithAccountantsReport2022-04-012023-03-3107893256bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP