Company No:
Contents
Note | 31.10.2023 | 30.04.2022 | ||
£ | £ | |||
Fixed assets | ||||
Intangible assets | 3 |
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Tangible assets | 4 |
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38,310 | 60,662 | |||
Current assets | ||||
Stocks | 5 |
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Debtors | 6 |
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Cash at bank and in hand |
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18,665 | 57,663 | |||
Creditors: amounts falling due within one year | 7 | (
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Net current liabilities | (129,573) | (74,136) | ||
Total assets less current liabilities | (91,263) | (13,474) | ||
Creditors: amounts falling due after more than one year | 8 |
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Net liabilities | (
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Capital and reserves | ||||
Called-up share capital | 9 |
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Profit and loss account | (
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Total shareholders' deficit | (
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Directors' responsibilities:
The financial statements of The Ethicurean Limited (registered number:
M L J Pennington
Director |
M Mccabe
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.
The Ethicurean Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3 Filers Way, Weston Gateway Business Park, Weston-Super-Mare, BS24 7JP, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. This is based on the assumption that the company will secure a sale for its machinery and goodwill that is currently being negotiated. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.
Goodwill |
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Plant and machinery |
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Office equipment |
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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.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
Period from 01.05.2022 to 31.10.2023 |
Period from 22.04.2021 to 30.04.2022 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the period, including directors |
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Goodwill | Total | ||
£ | £ | ||
Cost | |||
At 01 May 2022 |
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At 31 October 2023 |
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Accumulated amortisation | |||
At 01 May 2022 |
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Charge for the financial period |
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At 31 October 2023 |
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Net book value | |||
At 31 October 2023 |
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At 30 April 2022 |
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Plant and machinery | Office equipment | Total | |||
£ | £ | £ | |||
Cost | |||||
At 01 May 2022 |
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Additions |
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At 31 October 2023 |
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Accumulated depreciation | |||||
At 01 May 2022 |
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Charge for the financial period |
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At 31 October 2023 |
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Net book value | |||||
At 31 October 2023 |
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At 30 April 2022 |
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31.10.2023 | 30.04.2022 | ||
£ | £ | ||
Stocks |
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31.10.2023 | 30.04.2022 | ||
£ | £ | ||
Trade debtors |
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Other debtors |
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31.10.2023 | 30.04.2022 | ||
£ | £ | ||
Trade creditors |
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Other taxation and social security |
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Obligations under finance leases and hire purchase contracts |
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Other creditors |
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31.10.2023 | 30.04.2022 | ||
£ | £ | ||
Obligations under finance leases and hire purchase contracts |
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31.10.2023 | 30.04.2022 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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