3 false false false false false false false false false false true false false false false false false No description of principal activity 2022-11-01 Sage Accounts Production Advanced 2023 - FRS102_2023 13,179 10,235 736 10,971 2,208 2,944 xbrli:pure xbrli:shares iso4217:GBP 07404894 2022-11-01 2023-10-31 07404894 2023-10-31 07404894 2022-10-31 07404894 2021-11-01 2022-10-31 07404894 2022-10-31 07404894 2021-10-31 07404894 core:FurnitureFittings 2022-11-01 2023-10-31 07404894 bus:Director1 2022-11-01 2023-10-31 07404894 core:FurnitureFittings 2022-10-31 07404894 core:FurnitureFittings 2023-10-31 07404894 core:WithinOneYear 2023-10-31 07404894 core:WithinOneYear 2022-10-31 07404894 core:ShareCapital 2023-10-31 07404894 core:ShareCapital 2022-10-31 07404894 core:RetainedEarningsAccumulatedLosses 2023-10-31 07404894 core:RetainedEarningsAccumulatedLosses 2022-10-31 07404894 core:FurnitureFittings 2022-10-31 07404894 bus:SmallEntities 2022-11-01 2023-10-31 07404894 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 07404894 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 07404894 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 07404894 bus:FullAccounts 2022-11-01 2023-10-31
COMPANY REGISTRATION NUMBER: 07404894
E BULMER & SONS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 October 2023
E BULMER & SONS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2023
CONTENTS
PAGE
Statement of financial position
1
Notes to the financial statements
3
E BULMER & SONS LIMITED
STATEMENT OF FINANCIAL POSITION
31 October 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
2,208
2,944
CURRENT ASSETS
Stocks
55,934
52,612
Debtors
6
11,457
31,988
Cash at bank and in hand
60,028
38,042
----------
----------
127,419
122,642
CREDITORS: amounts falling due within one year
7
127,989
117,183
----------
----------
NET CURRENT (LIABILITIES)/ASSETS
( 570)
5,459
-------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
1,638
8,403
-------
-------
NET ASSETS
1,638
8,403
-------
-------
E BULMER & SONS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 October 2023
2023
2022
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
1,538
8,303
-------
-------
SHAREHOLDERS FUNDS
1,638
8,403
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 July 2024 , and are signed on behalf of the board by:
G A Bulmer
Director
Company registration number: 07404894
E BULMER & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Equitable House, 55 Pellon Lane, Halifax, West Yorkshire, HX1 5SP.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.
Revenue recognition
Turnover is the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and net of VAT.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant, Equipment & Fixtures
-
25% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).
5. TANGIBLE ASSETS
Plant, equipment and fixtures
Total
£
£
Cost
At 1 November 2022 and 31 October 2023
13,179
13,179
---------
---------
Depreciation
At 1 November 2022
10,235
10,235
Charge for the year
736
736
---------
---------
At 31 October 2023
10,971
10,971
---------
---------
Carrying amount
At 31 October 2023
2,208
2,208
---------
---------
At 31 October 2022
2,944
2,944
---------
---------
6. DEBTORS
2023
2022
£
£
Trade debtors
11,178
31,229
Other debtors
279
759
---------
---------
11,457
31,988
---------
---------
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
60,326
51,733
Social security and other taxes
4,130
965
Other creditors
63,533
64,485
----------
----------
127,989
117,183
----------
----------
8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
The directors loan account was in credit throughout the year. The loan is repayable on demand and no interest is charged.