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Company Registration No. 12994115 (England and Wales)
Ethos Loomwood Limited Unaudited accounts for the year ended 31 December 2023
Ethos Loomwood Limited Unaudited accounts Contents
Page
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Ethos Loomwood Limited Company Information for the year ended 31 December 2023
Directors
P Theodossiades D J Theodossiades G Theodossiades Z Theodossiades
Company Number
12994115 (England and Wales)
Registered Office
498 Church Lane Kingsbury London NW9 8UA United Kingdom
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Ethos Loomwood Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
489 
744 
Current assets
Inventories
3,086,287 
2,233,669 
Debtors
2,257 
5,242 
Cash at bank and in hand
2,294 
1,379 
3,090,838 
2,240,290 
Creditors: amounts falling due within one year
(3,093,736)
(2,241,454)
Net current liabilities
(2,898)
(1,164)
Net liabilities
(2,409)
(420)
Capital and reserves
Called up share capital
100 
1 
Profit and loss account
(2,509)
(421)
Shareholders' funds
(2,409)
(420)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by
P Theodossiades Director Company Registration No. 12994115
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Ethos Loomwood Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Ethos Loomwood Limited is a private company, limited by shares, registered in England and Wales, registration number 12994115. The registered office is 498 Church Lane, Kingsbury, London, NW9 8UA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
The company's balance shows an insolvent position at the balance sheet date. The directors have arranged adequate funding to finance the company's continuing activities and to enable it to pay its debts as and when they fall due for payment, and accordingly consider that the company is a going concern and the financial statements have been prepared on this basis.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years straight line
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Ethos Loomwood Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
765 
At 31 December 2023
765 
Depreciation
At 1 January 2023
21 
Charge for the year
255 
At 31 December 2023
276 
Net book value
At 31 December 2023
489 
At 31 December 2022
744 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,980 
5,242 
Other debtors
277 
- 
2,257 
5,242 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
3,093,336 
2,241,054 
Accruals
400 
400 
3,093,736 
2,241,454 
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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