Company registration number 08935089 (England and Wales)
ESM BRANDING LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
ESM BRANDING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ESM BRANDING LIMITED
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
252,053
179,943
Cash at bank and in hand
333,040
74,418
585,093
254,361
Creditors: amounts falling due within one year
4
(531,559)
(252,441)
Net current assets
53,534
1,920
Creditors: amounts falling due after more than one year
5
(21,667)
(31,667)
Deferred income
-
0
(2,271)
Net assets/(liabilities)
31,867
(32,018)
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
31,767
(32,118)
Total equity
31,867
(32,018)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 24 September 2024 and are signed on its behalf by:
A J Francis
Director
Company registration number 08935089 (England and Wales)
ESM BRANDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

ESM Branding Limited is a private company limited by shares incorporated in England and Wales. The registered office is R2A Rapide Studios, De Havilland Court, Penn Street, Amersham, HP7 0PX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable for the sale of goods and the rendering of services in the normal course of business, and is shown net of discounts and VAT.

 

Sale of goods

Revenue arises from the sale of products and merchandise.

Revenue is recognised when the customer accepts delivery of the goods.

 

Rendering of services

Revenue arises from the provision of branding services.

Revenue is recognised proportionally over the performance of the service contract, by reference to the stage of completion of the transaction at the end of the reporting period.

 

1.3
Cash and cash equivalents

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

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ”Basic Financial Instruments” to all of its financial instruments.

 

Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Short term debtors are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.

Basic financial liabilities

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.

ESM BRANDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees
2024
2023
Number
Number
Total
4
4
ESM BRANDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
165,805
179,859
Other debtors
86,248
84
252,053
179,943
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
335,404
200,483
Corporation tax
5,850
-
0
Other taxation and social security
16,913
6,645
Other creditors
173,392
45,313
531,559
252,441
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
21,667
31,667
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
2024-03-312023-04-01false24 September 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityR G AndrewsA J Francisfalsefalse089350892023-04-012024-03-31089350892024-03-31089350892023-03-3108935089core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3108935089core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3108935089core:Non-currentFinancialInstrumentscore:AfterOneYear2024-03-3108935089core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-3108935089core:CurrentFinancialInstruments2024-03-3108935089core:CurrentFinancialInstruments2023-03-3108935089core:ShareCapital2024-03-3108935089core:ShareCapital2023-03-3108935089core:RetainedEarningsAccumulatedLosses2024-03-3108935089core:RetainedEarningsAccumulatedLosses2023-03-3108935089bus:Director22023-04-012024-03-31089350892022-04-012023-03-3108935089core:WithinOneYear2024-03-3108935089core:WithinOneYear2023-03-3108935089core:Non-currentFinancialInstruments2024-03-3108935089core:Non-currentFinancialInstruments2023-03-3108935089bus:PrivateLimitedCompanyLtd2023-04-012024-03-3108935089bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108935089bus:FRS1022023-04-012024-03-3108935089bus:AuditExemptWithAccountantsReport2023-04-012024-03-3108935089bus:Director12023-04-012024-03-3108935089bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP