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REGISTERED NUMBER: 12095101 (England and Wales)















Financial Statements for the Period 1 August 2022 to 30 July 2023

for

Eighteen90 Limited

Eighteen90 Limited (Registered number: 12095101)






Contents of the Financial Statements
for the Period 1 August 2022 to 30 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eighteen90 Limited

Company Information
for the Period 1 August 2022 to 30 July 2023







DIRECTOR: M H Barker





REGISTERED OFFICE: 67 Alverthorpe Road
Wakefield
West Yorkshire
WF2 9NU





REGISTERED NUMBER: 12095101 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Eighteen90 Limited (Registered number: 12095101)

Balance Sheet
30 July 2023

30.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,728 61,695

CURRENT ASSETS
Stocks 13,019 11,159
Debtors 5 5,869 12,169
Cash at bank 5,527 15,930
24,415 39,258
CREDITORS
Amounts falling due within one year 6 129,246 161,580
NET CURRENT LIABILITIES (104,831 ) (122,322 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(48,103

)

(60,627

)

CREDITORS
Amounts falling due after more than one year 7 21,582 31,541
NET LIABILITIES (69,685 ) (92,168 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (69,695 ) (92,178 )
(69,685 ) (92,168 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 July 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Eighteen90 Limited (Registered number: 12095101)

Balance Sheet - continued
30 July 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2024 and were signed by:





M H Barker - Director


Eighteen90 Limited (Registered number: 12095101)

Notes to the Financial Statements
for the Period 1 August 2022 to 30 July 2023

1. STATUTORY INFORMATION

Eighteen90 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company is considering a going concern due to the ongoing support of the directors and shareholders.

Turnover
Turnover represents net sales of goods, excluding value added tax. Turnover is recognised at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Eighteen90 Limited (Registered number: 12095101)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 30 July 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 48,012 40,144 8,313 253 96,722
Additions - 3,650 1,427 - 5,077
At 30 July 2023 48,012 43,794 9,740 253 101,799
DEPRECIATION
At 1 August 2022 18,527 13,525 2,755 220 35,027
Charge for period 4,422 4,541 1,048 33 10,044
At 30 July 2023 22,949 18,066 3,803 253 45,071
NET BOOK VALUE
At 30 July 2023 25,063 25,728 5,937 - 56,728
At 31 July 2022 29,485 26,619 5,558 33 61,695

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.23 31.7.22
£    £   
Other debtors 5,869 12,169

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.23 31.7.22
£    £   
Bank loans and overdrafts 9,959 9,708
Trade creditors 18,454 27,182
Taxation and social security 10,924 10,804
Other creditors 89,909 113,886
129,246 161,580

Eighteen90 Limited (Registered number: 12095101)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 30 July 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.7.23 31.7.22
£    £   
Bank loans 21,582 31,541

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.7.23 31.7.22
£    £   
Within one year 24,092 24,692
Between one and five years 81,364 85,456
In more than five years 53,333 73,333
158,789 183,481