ETHIOPIAN UK LIMITED

Company Registration Number:
12954603 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

ETHIOPIAN UK LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ETHIOPIAN UK LIMITED

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 3,072,843 2,149,362
Cost of sales: ( 392,873 ) ( 443,562 )
Gross profit(or loss): 2,679,970 1,705,800
Distribution costs: ( 62,839 ) ( 58,443 )
Administrative expenses: ( 97,882 ) ( 113,568 )
Operating profit(or loss): 2,519,249 1,533,789
Profit(or loss) before tax: 2,519,249 1,533,789
Tax: ( 271,892 ) ( 332,845 )
Profit(or loss) for the financial year: 2,247,357 1,200,944

ETHIOPIAN UK LIMITED

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 18,762 3,357
Tangible assets: 4 993,879 810,284
Investments: 5 2,076,382 856,933
Total fixed assets: 3,089,023 1,670,574
Current assets
Stocks: 6 88,729 66,388
Debtors: 7 32,893 12,097
Cash at bank and in hand: 91,036 68,094
Investments: 8 1,567,148 877,683
Total current assets: 1,779,806 1,024,262
Net current assets (liabilities): 1,779,806 1,024,262
Total assets less current liabilities: 4,868,829 2,694,836
Creditors: amounts falling due after more than one year: 9 ( 32,783 ) ( 21,894 )
Provision for liabilities: ( 396,984 ) ( 200,000 )
Total net assets (liabilities): 4,439,062 2,472,942
Capital and reserves
Called up share capital: 100,000 1
Share premium account: 1,925,376 925,783
Other reserves: 1,673,929 825,000
Profit and loss account: 739,757 722,158
Total Shareholders' funds: 4,439,062 2,472,942

The notes form part of these financial statements

ETHIOPIAN UK LIMITED

Balance sheet statements

For the year ending 31 October 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 2 November 2023
and signed on behalf of the board by:

Name: M W MIRZA
Status: Director

The notes form part of these financial statements

ETHIOPIAN UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

ETHIOPIAN UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 26 20

ETHIOPIAN UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 November 2022 3,357 0 3,357
Additions 16,105 16,105
Disposals ( 700 ) ( 700 )
Revaluations
Transfers
At 31 October 2023 3,357 15,405 18,762
Amortisation
At 1 November 2022 0 0 0
Charge for year
On disposals
Other adjustments
At 31 October 2023 0 0 0
Net book value
At 31 October 2023 3,357 15,405 18,762
At 31 October 2022 3,357 0 3,357

ETHIOPIAN UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 480,000 126,471 56,935 56,663 90,215 810,284
Additions 62,000 26,472 33,092 62,031 183,595
Disposals
Revaluations
Transfers
At 31 October 2023 480,000 188,471 83,407 89,755 152,246 993,879
Depreciation
At 1 November 2022
Charge for year
On disposals
Other adjustments
At 31 October 2023
Net book value
At 31 October 2023 480,000 188,471 83,407 89,755 152,246 993,879
At 31 October 2022 480,000 126,471 56,935 56,663 90,215 810,284

ETHIOPIAN UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Fixed assets investments note

3089023

ETHIOPIAN UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Stocks

2023 2022
£ £
Stocks 88,729 66,388
Total 88,729 66,388

ETHIOPIAN UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

7. Debtors

2023 2022
£ £
Trade debtors 32,893 12,097
Total 32,893 12,097

ETHIOPIAN UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

8. Current assets investments note

1779806

ETHIOPIAN UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

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

2023 2022
£ £
Other creditors 32,783 21,894
Total 32,783 21,894