Company Registration No. 09350654 (England and Wales)
EXECUTIVE AFRICAN TEXTILES LIMITED
Unaudited accounts
for the year ended 31 December 2023
EXECUTIVE AFRICAN TEXTILES LIMITED
Unaudited accounts
Contents
EXECUTIVE AFRICAN TEXTILES LIMITED
Company Information
for the year ended 31 December 2023
Company Number
09350654 (England and Wales)
Registered Office
151 BURNABY ROAD
COVENTRY
WEST MIDLANDS
CV6 4AX
Accountants
Mark Essandoh, FCCA,FAIA
SA Accountancy Practice
Equitable House, 10 Woolwich New Road
Woolwich
London
SE18 6AB
EXECUTIVE AFRICAN TEXTILES LIMITED
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
10,127
8,321
Creditors: amounts falling due within one year
(9,037)
(12,595)
Net current assets
49,302
55,799
Total assets less current liabilities
49,302
55,799
Creditors: amounts falling due after more than one year
(28,553)
(35,359)
Called up share capital
10,000
10,000
Profit and loss account
10,749
10,440
Shareholders' funds
20,749
20,440
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 director acknowledges her 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 and authorised for issue on 25 September 2024 and were signed on its behalf by
BREW, Efua Asare
Director
Company Registration No. 09350654
EXECUTIVE AFRICAN TEXTILES LIMITED
Notes to the Accounts
for the year ended 31 December 2023
EXECUTIVE AFRICAN TEXTILES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09350654. The registered office is 151 BURNABY ROAD, COVENTRY, WEST MIDLANDS, CV6 4AX.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
There is a 3 Year Bank Loan of £22,500 which is repayable at £731.31 per month for 36 months. The total bank interest of the loan is £3,827.16
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
4,688
612
5,300
At 31 December 2023
4,688
612
5,300
At 1 January 2023
4,688
612
5,300
At 31 December 2023
4,688
612
5,300
Amounts falling due within one year
EXECUTIVE AFRICAN TEXTILES LIMITED
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,806
6,806
Trade creditors
2,231
5,789
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).