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Registration number: 09881324

Esther & Viny Ltd

trading as Dream Doors Loughton & Ilford

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Esther & Viny Ltd

trading as Dream Doors Loughton & Ilford

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Esther & Viny Ltd

trading as Dream Doors Loughton & Ilford

(Registration number: 09881324)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

51,080

57,437

Current assets

 

Debtors

6

14,510

10,500

Cash at bank and in hand

 

4,731

17,325

 

19,241

27,825

Creditors: Amounts falling due within one year

7

(40,661)

(46,503)

Net current liabilities

 

(21,420)

(18,678)

Total assets less current liabilities

 

29,660

38,759

Creditors: Amounts falling due after more than one year

7

(22,747)

(40,032)

Provisions for liabilities

(1,371)

(1,371)

Net assets/(liabilities)

 

5,542

(2,644)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

5,442

(2,744)

Shareholders' funds/(deficit)

 

5,542

(2,644)

 

Esther & Viny Ltd

trading as Dream Doors Loughton & Ilford

(Registration number: 09881324)
Balance Sheet as at 30 November 2023

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 August 2024 and signed on its behalf by:
 

.........................................
Mr Vinicio Suarez
Director

.........................................
Mrs Esther Piedra
Director

 

Esther & Viny Ltd

trading as Dream Doors Loughton & Ilford

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in Engalnd & Wales.

The address of its registered office is:
33 Longcroft Rise
Loughton
Essex
IG10 3NB
United Kingdom

These financial statements were authorised for issue by the Board on 28 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Esther & Viny Ltd

trading as Dream Doors Loughton & Ilford

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change
attributable to an item of income or expense recognised as other comprehensive income is also recognised
directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% Reducing balance

Office equipment

25% Straight line

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business
combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less
accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Franchise fee

20% Straight line

 

Esther & Viny Ltd

trading as Dream Doors Loughton & Ilford

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Esther & Viny Ltd

trading as Dream Doors Loughton & Ilford

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

Esther & Viny Ltd

trading as Dream Doors Loughton & Ilford

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Intangible assets

Franchise fee
£

Total
£

Cost or valuation

At 1 December 2022

11,140

11,140

At 30 November 2023

11,140

11,140

Amortisation

At 1 December 2022

11,140

11,140

At 30 November 2023

11,140

11,140

Carrying amount

At 30 November 2023

-

-

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2022

13,205

72,566

85,771

Additions

-

13,750

13,750

At 30 November 2023

13,205

86,316

99,521

Depreciation

At 1 December 2022

9,241

19,093

28,334

Charge for the year

3,301

16,806

20,107

At 30 November 2023

12,542

35,899

48,441

Carrying amount

At 30 November 2023

663

50,417

51,080

At 30 November 2022

3,964

53,473

57,437

 

Esther & Viny Ltd

trading as Dream Doors Loughton & Ilford

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

6

Debtors

Current

2023
£

2022
£

Trade debtors

10,510

6,500

Other debtors

4,000

4,000

 

14,510

10,500

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

15,464

13,643

Trade creditors

 

9,485

5,880

Taxation and social security

 

10,272

17,576

Accruals and deferred income

 

955

1,910

Other creditors

 

4,485

7,494

 

40,661

46,503

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £9,659 (2022 - £8,854).

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

22,747

40,032

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £11,009 (2022 - £21,472).