2022-10-012023-09-302023-09-30false10432055ETWALL (MIDLANDS) LIMITED2024-01-1847730iso4217:GBPxbrli:pure104320552022-10-01104320552023-09-30104320552022-10-012023-09-30104320552021-10-01104320552022-09-30104320552021-10-012022-09-3010432055bus:SmallEntities2022-10-012023-09-3010432055bus:AuditExempt-NoAccountantsReport2022-10-012023-09-3010432055bus:FullAccounts2022-10-012023-09-3010432055bus:PrivateLimitedCompanyLtd2022-10-012023-09-3010432055core:WithinOneYear2023-09-3010432055core:AfterOneYear2023-09-3010432055core:WithinOneYear2022-09-3010432055core:AfterOneYear2022-09-3010432055core:ShareCapital2023-09-3010432055core:SharePremium2023-09-3010432055core:RevaluationReserve2023-09-3010432055core:OtherReservesSubtotal2023-09-3010432055core:RetainedEarningsAccumulatedLosses2023-09-3010432055core:ShareCapital2022-09-3010432055core:SharePremium2022-09-3010432055core:RevaluationReserve2022-09-3010432055core:OtherReservesSubtotal2022-09-3010432055core:RetainedEarningsAccumulatedLosses2022-09-3010432055core:LandBuildings2023-09-3010432055core:PlantMachinery2023-09-3010432055core:Vehicles2023-09-3010432055core:FurnitureFittings2023-09-3010432055core:OfficeEquipment2023-09-3010432055core:NetGoodwill2023-09-3010432055core:IntangibleAssetsOtherThanGoodwill2023-09-3010432055core:ListedExchangeTraded2023-09-3010432055core:UnlistedNon-exchangeTraded2023-09-3010432055core:LandBuildings2022-09-3010432055core:PlantMachinery2022-09-3010432055core:Vehicles2022-09-3010432055core:FurnitureFittings2022-09-3010432055core:OfficeEquipment2022-09-3010432055core:NetGoodwill2022-09-3010432055core:IntangibleAssetsOtherThanGoodwill2022-09-3010432055core:ListedExchangeTraded2022-09-3010432055core:UnlistedNon-exchangeTraded2022-09-3010432055core:LandBuildings2022-10-012023-09-3010432055core:PlantMachinery2022-10-012023-09-3010432055core:Vehicles2022-10-012023-09-3010432055core:FurnitureFittings2022-10-012023-09-3010432055core:OfficeEquipment2022-10-012023-09-3010432055core:NetGoodwill2022-10-012023-09-3010432055core:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3010432055core:ListedExchangeTraded2022-10-012023-09-3010432055core:UnlistedNon-exchangeTraded2022-10-012023-09-3010432055core:MoreThanFiveYears2022-10-012023-09-3010432055core:Non-currentFinancialInstruments2023-09-3010432055core:Non-currentFinancialInstruments2022-09-3010432055dpl:CostSales2022-10-012023-09-3010432055dpl:DistributionCosts2022-10-012023-09-3010432055core:LandBuildings2022-10-012023-09-3010432055core:PlantMachinery2022-10-012023-09-3010432055core:Vehicles2022-10-012023-09-3010432055core:FurnitureFittings2022-10-012023-09-3010432055core:OfficeEquipment2022-10-012023-09-3010432055dpl:AdministrativeExpenses2022-10-012023-09-3010432055core:NetGoodwill2022-10-012023-09-3010432055core:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3010432055dpl:GroupUndertakings2022-10-012023-09-3010432055dpl:ParticipatingInterests2022-10-012023-09-3010432055dpl:GroupUndertakingscore:ListedExchangeTraded2022-10-012023-09-3010432055core:ListedExchangeTraded2022-10-012023-09-3010432055dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-10-012023-09-3010432055core:UnlistedNon-exchangeTraded2022-10-012023-09-3010432055dpl:CostSales2021-10-012022-09-3010432055dpl:DistributionCosts2021-10-012022-09-3010432055core:LandBuildings2021-10-012022-09-3010432055core:PlantMachinery2021-10-012022-09-3010432055core:Vehicles2021-10-012022-09-3010432055core:FurnitureFittings2021-10-012022-09-3010432055core:OfficeEquipment2021-10-012022-09-3010432055dpl:AdministrativeExpenses2021-10-012022-09-3010432055core:NetGoodwill2021-10-012022-09-3010432055core:IntangibleAssetsOtherThanGoodwill2021-10-012022-09-3010432055dpl:GroupUndertakings2021-10-012022-09-3010432055dpl:ParticipatingInterests2021-10-012022-09-3010432055dpl:GroupUndertakingscore:ListedExchangeTraded2021-10-012022-09-3010432055core:ListedExchangeTraded2021-10-012022-09-3010432055dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-10-012022-09-3010432055core:UnlistedNon-exchangeTraded2021-10-012022-09-3010432055core:NetGoodwill2023-09-3010432055core:IntangibleAssetsOtherThanGoodwill2023-09-3010432055core:LandBuildings2023-09-3010432055core:PlantMachinery2023-09-3010432055core:Vehicles2023-09-3010432055core:FurnitureFittings2023-09-3010432055core:OfficeEquipment2023-09-3010432055core:AfterOneYear2023-09-3010432055core:WithinOneYear2023-09-3010432055core:ListedExchangeTraded2023-09-3010432055core:UnlistedNon-exchangeTraded2023-09-3010432055core:ShareCapital2023-09-3010432055core:SharePremium2023-09-3010432055core:RevaluationReserve2023-09-3010432055core:OtherReservesSubtotal2023-09-3010432055core:RetainedEarningsAccumulatedLosses2023-09-3010432055core:NetGoodwill2022-09-3010432055core:IntangibleAssetsOtherThanGoodwill2022-09-3010432055core:LandBuildings2022-09-3010432055core:PlantMachinery2022-09-3010432055core:Vehicles2022-09-3010432055core:FurnitureFittings2022-09-3010432055core:OfficeEquipment2022-09-3010432055core:AfterOneYear2022-09-3010432055core:WithinOneYear2022-09-3010432055core:ListedExchangeTraded2022-09-3010432055core:UnlistedNon-exchangeTraded2022-09-3010432055core:ShareCapital2022-09-3010432055core:SharePremium2022-09-3010432055core:RevaluationReserve2022-09-3010432055core:OtherReservesSubtotal2022-09-3010432055core:RetainedEarningsAccumulatedLosses2022-09-3010432055core:NetGoodwill2021-10-0110432055core:IntangibleAssetsOtherThanGoodwill2021-10-0110432055core:LandBuildings2021-10-0110432055core:PlantMachinery2021-10-0110432055core:Vehicles2021-10-0110432055core:FurnitureFittings2021-10-0110432055core:OfficeEquipment2021-10-0110432055core:AfterOneYear2021-10-0110432055core:WithinOneYear2021-10-0110432055core:ListedExchangeTraded2021-10-0110432055core:UnlistedNon-exchangeTraded2021-10-0110432055core:ShareCapital2021-10-0110432055core:SharePremium2021-10-0110432055core:RevaluationReserve2021-10-0110432055core:OtherReservesSubtotal2021-10-0110432055core:RetainedEarningsAccumulatedLosses2021-10-0110432055core:AfterOneYear2022-10-012023-09-3010432055core:WithinOneYear2022-10-012023-09-3010432055core:Non-currentFinancialInstrumentscore:CostValuation2022-10-012023-09-3010432055core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-10-012023-09-3010432055core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-10-012023-09-3010432055core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-10-012023-09-3010432055core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-10-012023-09-3010432055core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-10-012023-09-3010432055core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-10-012023-09-3010432055core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-10-012023-09-3010432055core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-10-012023-09-3010432055core:Non-currentFinancialInstrumentscore:CostValuation2023-09-3010432055core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-3010432055core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-3010432055core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-3010432055core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-3010432055core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-3010432055core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-3010432055core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-3010432055core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-3010432055core:Non-currentFinancialInstrumentscore:CostValuation2022-09-3010432055core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-09-3010432055core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-09-3010432055core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-09-3010432055core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-09-3010432055core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-09-3010432055core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-09-3010432055core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-09-3010432055core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-09-3010432055bus:Director12022-10-012023-09-3010432055bus:Director22022-10-012023-09-3010432055core:FurnitureFittingsToolsEquipment2022-09-3010432055core:FurnitureFittingsToolsEquipment2022-10-012023-09-3010432055core:FurnitureFittingsToolsEquipment2023-09-30

ETWALL (MIDLANDS) LIMITED

Registered Number
10432055
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2023

ETWALL (MIDLANDS) LIMITED
Company Information
for the year from 1 October 2022 to 30 September 2023

Directors

EBRAHIM, Femina
EBRAHIM, Nazim Nizar

Registered Address

Flat 12 High Street
Desborough
Kettering
NN14 2QS

Registered Number

10432055 (England and Wales)
ETWALL (MIDLANDS) LIMITED
Balance Sheet as at
30 September 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets621,21025,734
21,21025,734
Current assets
Stocks736,19637,278
Debtors244,673223,026
Cash at bank and on hand116,62096,789
397,489357,093
Creditors amounts falling due within one year9(215,723)(170,488)
Net current assets (liabilities)181,766186,605
Total assets less current liabilities202,976212,339
Creditors amounts falling due after one year10(24,167)(34,074)
Provisions for liabilities11(4,185)(3,854)
Net assets174,624174,411
Capital and reserves
Called up share capital100100
Profit and loss account174,524174,311
Shareholders' funds174,624174,411
The financial statements were approved and authorised for issue by the Board of Directors on 18 January 2024, and are signed on its behalf by:
EBRAHIM, Femina
Director
EBRAHIM, Nazim Nizar
Director

Registered Company No. 10432055
ETWALL (MIDLANDS) LIMITED
Notes to the Financial Statements
for the year ended 30 September 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Basis of measurement used in financial statements
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).
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Land and buildings includes improvements to leasehold property. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Land and buildings20
Plant and machinery20
Fixtures and fittings20
Vehicles20
Office Equipment20
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). Stocks consists of unsold medicines at the year end.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Valuation of financial instruments policy
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the ontractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortized cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortized. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors, loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the resent value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortized. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortized cost using the effective interest method.
5.Employee information

20232022
Average number of employees during the year88
6.Property, plant and equipment

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 October 2232,05413,1562,0239,3495,73562,317
Additions---366295661
At 30 September 2332,05413,1562,0239,7156,03062,978
Depreciation and impairment
At 01 October 2217,1608,8451,3596,2252,99436,583
Charge for year2,9798621336435685,185
At 30 September 2320,1399,7071,4926,8683,56241,768
Net book value
At 30 September 2311,9153,4495312,8472,46821,210
At 30 September 2214,8944,3116643,1242,74125,734
7.Stocks

2023

2022

££
Finished goods36,19637,278
Total36,19637,278
8.Debtors within one year

2023

2022

££
Trade debtors / trade receivables105,63499,190
Other debtors136,626121,064
Prepayments and accrued income2,4132,772
Total244,673223,026
Included in other debtors is an amount owed by Sai East Ham Ltd £100,000 (2022 : £100,000) and Howitts Ltd £9,999 (2022 : £54 credit), companies connected to the directors.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables132,057100,733
Bank borrowings and overdrafts10,25710,540
Taxation and social security5,223884
Other creditors68,18652,531
Accrued liabilities and deferred income-5,800
Total215,723170,488
Included in other creditors is an amount of £133 (2022 : £200) owed to the directors. Included in other creditors is also an amount owed to Riddings Ltd £13,239 (2022 : £56 Debit), Coastbond Ltd £130 (2022 : £130), and Hilton Pharmacy Ltd £86 (2022 : £37), companies connected to the directors.
10.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts24,16734,074
Total24,16734,074
Included in bank borrowings due within one year and after one year is bounceback loan £34,167 (2022 : £44,074).
11.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)4,1853,854
Total4,1853,854