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REGISTERED NUMBER: SC681360















ESTHEVA LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






ESTHEVA LIMITED (REGISTERED NUMBER: SC681360)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


ESTHEVA LIMITED (REGISTERED NUMBER: SC681360)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,010 122,153

CURRENT ASSETS
Stocks 28,500 17,000
Debtors 5 4,557 6,105
Cash at bank 109,312 96,024
142,369 119,129
CREDITORS
Amounts falling due within one year 6 228,207 280,625
NET CURRENT LIABILITIES (85,838 ) (161,496 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,828

)

(39,343

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (11,928 ) (39,443 )
(11,828 ) (39,343 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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

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 27 June 2024 and were signed on its behalf by:




Ms G Marshall - Director


ESTHEVA LIMITED (REGISTERED NUMBER: SC681360)

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

1. STATUTORY INFORMATION

Estheva Limited is a private company, limited by shares, registered in Scotland. The company's registered office is Beatsons, The Whins, Alloa, Scotland, FK10 3TA.

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material departures from the standard. The financial statements have been prepared under the historical cost convention.

Going Concern
The financial statements have been prepared on a going concern basis. The validity of this is dependent on the continued support of the creditors. The directors consider that it is appropriate to prepare the financial statements on a going concern basis.

Judgements
The company considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements. The directors consider there are no such significant judgements.

Turnover
Turnover, exclusive of value added tax, represents the amount receivable for services provided. The company's policy is to recognise income when substantively all the risks and rewards in connection with the services provided have been passed to the buyer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Fixed assets are included in the financial statements at cost less accumulated depreciation and accumulated impairment losses.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount which is the higher of value in use and the fair value less cost to sell, is estimated and compared with the carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

ESTHEVA LIMITED (REGISTERED NUMBER: SC681360)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans from third parties and loans to related parties.

Debt instruments like loans and other account receivable and payable are initially measured at present value of future payments and subsequently at amortised cost using the effective interest method. Debit instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measure initially, and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in the profit and loss account.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider it to be more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the average tax rates which would apply when the timing differences are expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date.

With the exception of changes arising on the initial recognition of a business combination, the tax expense is presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the transaction that resulted in the tax expense.

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

Provisions
Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - NIL ) .

ESTHEVA LIMITED (REGISTERED NUMBER: SC681360)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 182,986
Additions 1,692
Disposals (25,000 )
At 31 December 2023 159,678
DEPRECIATION
At 1 January 2023 60,833
Charge for year 35,460
Eliminated on disposal (10,625 )
At 31 December 2023 85,668
NET BOOK VALUE
At 31 December 2023 74,010
At 31 December 2022 122,153

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,218 581
Other debtors 3,339 5,524
4,557 6,105

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,700 1,253
Taxation and social security 9,740 971
Other creditors 204,767 278,401
228,207 280,625

ESTHEVA LIMITED (REGISTERED NUMBER: SC681360)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Ms G Marshall
Balance outstanding at start of year 100 100
Amounts advanced 200 -
Amounts repaid (100 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 200 100

The balance outstanding is interest free with no fixed repayment terms.

8. RELATED PARTY DISCLOSURES

At the year end, the company owed £198,930 (2022: £276,401) to a company with a common director. The loan is interest free, unsecured and has no fixed repayment terms. The company operates from premises owned by this same company with no rent charge.