ESSENTIAL DESIGNS (NI) LTD

Company Registration Number:
NI039978 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

ESSENTIAL DESIGNS (NI) LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

ESSENTIAL DESIGNS (NI) LTD

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 281,752 214,662
Total fixed assets: 281,752 214,662
Current assets
Stocks: 116,417 82,797
Debtors: 4 418,707 368,377
Cash at bank and in hand: 1,009,876 517,744
Total current assets: 1,545,000 968,918
Creditors: amounts falling due within one year: 5 (405,058) (304,625)
Net current assets (liabilities): 1,139,942 664,293
Total assets less current liabilities: 1,421,694 878,955
Creditors: amounts falling due after more than one year: 6 (104,795) (102,669)
Provision for liabilities: (70,116) (39,574)
Total net assets (liabilities): 1,246,783 736,712
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 1,246,683 736,612
Shareholders funds: 1,246,783 736,712

The notes form part of these financial statements

ESSENTIAL DESIGNS (NI) LTD

Balance sheet statements

For the year ending 31 March 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 June 2023
and signed on behalf of the board by:

Name: Oliver Higgins
Status: Director

The notes form part of these financial statements

ESSENTIAL DESIGNS (NI) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

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

ESSENTIAL DESIGNS (NI) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 17 17

ESSENTIAL DESIGNS (NI) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 700,601
Additions 123,886
Disposals (31,946)
At 31 March 2023 792,541
Depreciation
At 01 April 2022 485,939
Charge for year 49,741
On disposals (24,891)
At 31 March 2023 510,789
Net book value
At 31 March 2023 281,752
At 31 March 2022 214,662

ESSENTIAL DESIGNS (NI) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

ESSENTIAL DESIGNS (NI) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

Creditors: amounts falling due within one year 2023 2022 £ £Bank loans 14,000 14,000Trade creditors 138,358 172,469Corporation tax 102,397 -Other taxation and social security 62,323 29,199Other creditors 87,980 88,957 405,058 304,625

ESSENTIAL DESIGNS (NI) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

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

Bank Loans and Overdrafts - £38,500Other Creditors - £66,295