Registered number
04497692
Ewin Limited
Unaudited Filleted Accounts
31 March 2024
Ewin Limited
Registered number: 04497692
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 2,092 467
Current assets
Stocks 54,486 47,899
Debtors 5 4,893 5,019
Cash at bank and in hand 64,625 83,115
124,004 136,033
Creditors: amounts falling due within one year 6 (24,161) (26,240)
Net current assets 99,843 109,793
Total assets less current liabilities 101,935 110,260
Provisions for liabilities (398) (89)
Net assets 101,537 110,171
Capital and reserves
Called up share capital 100 100
Profit and loss account 101,437 110,071
Shareholders' funds 101,537 110,171
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 members have 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.
Mr B Ewin
Director
Approved by the board on 24 August 2024
Ewin Limited
Notes to the Accounts
for the year ended 31 March 2024
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). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Plant and machinery over 4 years
Motor vehicles over 4 years
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 and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
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. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Intangible fixed assets
Goodwill Website Total
£ £ £
Cost
At 1 April 2023 80,000 8,650 88,650
At 31 March 2024 80,000 8,650 88,650
Amortisation
At 1 April 2023 80,000 8,650 88,650
At 31 March 2024 80,000 8,650 88,650
Net book value
At 31 March 2024 - - -
Goodwill has been written off in equal annual instalments over its estimated economic life of 10 years.

Website costs were written off over 4 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 3,652 25,945 29,597
Additions 2,167 - 2,167
At 31 March 2024 5,819 25,945 31,764
Depreciation
At 1 April 2023 3,185 25,945 29,130
Charge for the year 542 - 542
At 31 March 2024 3,727 25,945 29,672
Net book value
At 31 March 2024 2,092 - 2,092
At 31 March 2023 467 - 467
5 Debtors 2024 2023
£ £
Other debtors 4,893 5,019
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 9,621 13,339
Tax and social security 10,535 8,821
Other creditors 4,005 4,080
24,161 26,240
7 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 30,375 43,875
8 Other information
Ewin Limited is a private company limited by shares and incorporated in England. Its registered office is:
71 Exeter Road
Exmouth
Devon
EX8 1QD
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