IRIS Accounts Production v24.1.0.576 04451158 Board of Directors Board of Directors 1.8.22 31.7.23 31.7.23 false true false false false true false Ordinary Non Voting 1.00000 A Ordinary 1.00000 B Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044511582022-07-31044511582023-07-31044511582022-08-012023-07-31044511582021-07-31044511582021-08-012022-07-31044511582022-07-3104451158ns15:EnglandWales2022-08-012023-07-3104451158ns14:PoundSterling2022-08-012023-07-3104451158ns10:Director12022-08-012023-07-3104451158ns10:Director22022-08-012023-07-3104451158ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3104451158ns10:SmallEntities2022-08-012023-07-3104451158ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3104451158ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3104451158ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3104451158ns10:AbridgedAccounts2022-08-012023-07-310445115812022-08-012023-07-3104451158ns10:OrdinaryShareClass22022-08-012023-07-3104451158ns10:OrdinaryShareClass32022-08-012023-07-3104451158ns10:OrdinaryShareClass42022-08-012023-07-3104451158ns10:CompanySecretary12022-08-012023-07-3104451158ns10:RegisteredOffice2022-08-012023-07-3104451158ns5:CurrentFinancialInstruments2023-07-3104451158ns5:CurrentFinancialInstruments2022-07-3104451158ns5:Non-currentFinancialInstruments2023-07-3104451158ns5:Non-currentFinancialInstruments2022-07-3104451158ns5:ShareCapital2023-07-3104451158ns5:ShareCapital2022-07-3104451158ns5:RetainedEarningsAccumulatedLosses2023-07-3104451158ns5:RetainedEarningsAccumulatedLosses2022-07-3104451158ns5:NetGoodwill2022-08-012023-07-3104451158ns5:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3104451158ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-08-012023-07-3104451158ns5:PlantMachinery2022-08-012023-07-3104451158ns5:FurnitureFittings2022-08-012023-07-3104451158ns5:MotorVehicles2022-08-012023-07-3104451158ns5:ComputerEquipment2022-08-012023-07-3104451158ns5:Secured2023-07-3104451158ns5:Secured2022-07-3104451158ns10:OrdinaryShareClass22023-07-3104451158ns10:OrdinaryShareClass32023-07-3104451158ns10:OrdinaryShareClass42023-07-31
REGISTERED NUMBER: 04451158 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

EWB COTTON LIMITED

EWB COTTON LIMITED (REGISTERED NUMBER: 04451158)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


EWB COTTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr S Heavyside
Mrs P A Heavyside



SECRETARY: Mrs P A Heavyside



REGISTERED OFFICE: 54 Church Street
Barrow In Furness
Cumbria
LA14 2HY



REGISTERED NUMBER: 04451158 (England and Wales)



BANKERS: Barclays Bank plc
Leicestershire
LE87 2BB

EWB COTTON LIMITED (REGISTERED NUMBER: 04451158)

ABRIDGED BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 235,412 199,216
235,412 199,216

CURRENT ASSETS
Stocks 61,785 72,447
Debtors 6,598 8,439
Cash at bank and in hand 61,290 63,578
129,673 144,464
CREDITORS
Amounts falling due within one year 169,613 181,630
NET CURRENT LIABILITIES (39,940 ) (37,166 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,472

162,050

CREDITORS
Amounts falling due after more than one
year

60,551

62,613
NET ASSETS 134,921 99,437

CAPITAL AND RESERVES
Called up share capital 7 130 130
Retained earnings 134,791 99,307
SHAREHOLDERS' FUNDS 134,921 99,437

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

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

The directors acknowledge their 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.

EWB COTTON LIMITED (REGISTERED NUMBER: 04451158)

ABRIDGED BALANCE SHEET - continued
31 JULY 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2024 and were signed on its behalf by:




Mr S Heavyside - Director



Mrs P A Heavyside - Director


EWB COTTON LIMITED (REGISTERED NUMBER: 04451158)

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

1. STATUTORY INFORMATION

EWB Cotton 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on the going concern basis the directors having agreed to continue to support the company.

Turnover
Turnover represents net invoiced sales of goods and services, as adjusted for work in progress, excluding VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Government grants
Grants received are included in the profit and loss account in the financial period in which they are received.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 8 ) .

EWB COTTON LIMITED (REGISTERED NUMBER: 04451158)

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022
and 31 July 2023 150,000
AMORTISATION
At 1 August 2022
and 31 July 2023 150,000
NET BOOK VALUE

At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 286,101
Additions 56,748
Disposals (26,585 )
At 31 July 2023 316,264
DEPRECIATION
At 1 August 2022 86,885
Charge for year 18,757
Eliminated on disposal (24,790 )
At 31 July 2023 80,852
NET BOOK VALUE
At 31 July 2023 235,412
At 31 July 2022 199,216

The net book value of tangible fixed assets includes £33,746 (2022: £Nil) in respect of assets held under hire purchase agreements. The amount of depreciation in respect of such assets amounted to £33,746 (2022: £Nil) for the financial year.

EWB COTTON LIMITED (REGISTERED NUMBER: 04451158)

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

6. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 64,514 73,053
Hire purchase contracts 17,968 -
82,482 73,053

Barclays Bank PLC hold debenture over the company incorporating a fixed charge, a floating charge, a negative pledge and a charge over 54 Church Street, Barrow-in-Furness.

The hire purchase contracts are secured upon the assets to which they relate.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
30 Ordinary Non Voting £1 30 30
65 A Ordinary £1 65 65
35 B Ordinary £1 35 35
130 130

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Heavyside.