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REGISTERED NUMBER: 10092008 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

EATON COTTAGE LIMITED

EATON COTTAGE LIMITED (REGISTERED NUMBER: 10092008)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


EATON COTTAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr P G Birchall





REGISTERED OFFICE: 21 Market Place
Dereham
Norfolk
NR19 2AX





REGISTERED NUMBER: 10092008 (England and Wales)





ACCOUNTANTS: Farnell Clarke (Dereham) Limited
21 Market Place
Dereham
Norfolk
NR19 2AX

EATON COTTAGE LIMITED (REGISTERED NUMBER: 10092008)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,786 6,433

CURRENT ASSETS
Stocks 5 7,658 7,605
Debtors 6 17,531 20,939
Cash at bank and in hand 45,040 49,858
70,229 78,402
CREDITORS
Amounts falling due within one year 7 61,101 50,112
NET CURRENT ASSETS 9,128 28,290
TOTAL ASSETS LESS CURRENT LIABILITIES 12,914 34,723

CREDITORS
Amounts falling due after more than one
year

8

(22,455

)

(32,455

)

PROVISIONS FOR LIABILITIES 10 (719 ) (1,180 )
NET (LIABILITIES)/ASSETS (10,260 ) 1,088

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 (10,360 ) 988
SHAREHOLDERS' FUNDS (10,260 ) 1,088

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

EATON COTTAGE LIMITED (REGISTERED NUMBER: 10092008)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 November 2023 and were signed by:





Mr P G Birchall - Director


EATON COTTAGE LIMITED (REGISTERED NUMBER: 10092008)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Eaton Cottage Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

EATON COTTAGE LIMITED (REGISTERED NUMBER: 10092008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared on the going concern basis as the director will continue to support the company for a period of at least 12 months.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 12,660 3,072 15,732
DEPRECIATION
At 1 April 2022 8,573 726 9,299
Charge for year 2,033 614 2,647
At 31 March 2023 10,606 1,340 11,946
NET BOOK VALUE
At 31 March 2023 2,054 1,732 3,786
At 31 March 2022 4,087 2,346 6,433

5. STOCKS
2023 2022
£    £   
Stocks 7,658 7,605

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 1,348
Tax 2,216 2,216
Prepayments 15,315 17,375
17,531 20,939

EATON COTTAGE LIMITED (REGISTERED NUMBER: 10092008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Trade creditors 14,481 26,029
Corporation tax - 1,128
Social security and other taxes 655 1,009
VAT 2,449 1,513
Other creditors 143 -
Directors' current accounts 29,336 5,391
Accrued expenses 4,037 5,042
61,101 50,112

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 9) 22,455 32,455

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 22,455 32,455

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 719 1,180

Deferred
tax
£   
Balance at 1 April 2022 1,180
Movement for the year (461 )
Balance at 31 March 2023 719

EATON COTTAGE LIMITED (REGISTERED NUMBER: 10092008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 1 April 2022 988
Deficit for the year (11,348 )
At 31 March 2023 (10,360 )

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P G Birchall.