Registered number
07874144
Ebdons of Cheltenham Limited
Filleted Accounts
31 May 2023
Ebdons of Cheltenham Limited
Company Information
Directors
G R Tilsley
Mrs V Tilsley
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Trading address
339 Swindon Road
Cheltenham
Glos
Registered office
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered number
07874144
Ebdons of Cheltenham Limited
Registered number: 07874144
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 22,590 12,705
Current assets
Stocks 60,250 50,463
Debtors 5 28,267 18,267
88,517 68,730
Creditors: amounts falling due within one year 6 (69,346) (38,797)
Net current assets 19,171 29,933
Total assets less current liabilities 41,761 42,638
Creditors: amounts falling due after more than one year 7 (40,689) (45,944)
Net assets/(liabilities) 1,072 (3,306)
Capital and reserves
Called up share capital 10 10
Profit and loss account 1,062 (3,316)
Shareholder's funds 1,072 (3,306)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G R Tilsley
Director
Approved by the board on 30 June 2023
Ebdons of Cheltenham Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold property nil
Plant and machinery 25% straight line
Office equipment 25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 8 8
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2022 20,000
At 31 May 2023 20,000
Amortisation
At 1 June 2022 20,000
At 31 May 2023 20,000
Net book value
At 31 May 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of ten years.
4 Tangible fixed assets
Leasehold property Plant and machinery Office equipment Total
£ £ £ £
Cost
At 1 June 2022 10,880 7,617 3,002 21,499
Additions - 10,250 1,001 11,251
At 31 May 2023 10,880 17,867 4,003 32,750
Depreciation
At 1 June 2022 - 5,972 2,822 8,794
Charge for the year - 1,025 341 1,366
At 31 May 2023 - 6,997 3,163 10,160
Net book value
At 31 May 2023 10,880 10,870 840 22,590
At 31 May 2022 10,880 1,645 180 12,705
5 Debtors 2023 2022
£ £
Other debtors 28,267 18,267
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 12,309 2,851
Trade creditors 42,061 18,120
Taxation and social security costs 14,976 17,826
69,346 38,797
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 38,889 44,444
Other creditors 1,800 1,500
40,689 45,944
8 Controlling party
The company is controlled by the directors
9 Other information
Ebdons of Cheltenham Limited is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
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