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Company Registration No. 08359294 (England and Wales)
Eris Design Limited Unaudited accounts for the year ended 31 March 2024
Eris Design Limited Unaudited accounts Contents
Page
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Eris Design Limited Company Information for the year ended 31 March 2024
Directors
Steven John Syree Debra Louise Johnstone
Company Number
08359294 (England and Wales)
Registered Office
17 Cyprus Avenue Thackley Bradford West BD10 0AL United Kingdom
Accountants
True North Accountancy Ltd 19 Forest Crescent Illingworth Halifax West Yorkshire HX2 8DS
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Eris Design Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,336 
3,115 
Current assets
Inventories
8,498 
9,611 
Debtors
- 
1,248 
Cash at bank and in hand
15,522 
7,173 
24,020 
18,032 
Creditors: amounts falling due within one year
(2,537)
6,260 
Net current assets
21,483 
24,292 
Net assets
23,819 
27,407 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
23,719 
27,307 
Shareholders' funds
23,819 
27,407 
For the year ending 31 March 2024 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 14 November 2024 and were signed on its behalf by
Steven John Syree Director Company Registration No. 08359294
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Eris Design Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Eris Design Limited is a private company, limited by shares, registered in England and Wales, registration number 08359294. The registered office is 17 Cyprus Avenue, Thackley, Bradford, West , BD10 0AL, 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.
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:
Plant & machinery
25% Reducing Balance
Computer equipment
33% Straight Line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Eris Design Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
8,345 
1,184 
9,529 
At 31 March 2024
8,345 
1,184 
9,529 
Depreciation
At 1 April 2023
5,230 
1,184 
6,414 
Charge for the year
779 
- 
779 
At 31 March 2024
6,009 
1,184 
7,193 
Net book value
At 31 March 2024
2,336 
- 
2,336 
At 31 March 2023
3,115 
- 
3,115 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
1,248 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,218 
122 
Other creditors
800 
222 
Loans from directors
19 
(7,104)
Accruals
500 
500 
2,537 
(6,260)
7
Loans to directors
During the year, the company made interest free advances to a director amounting to £0.00. (2023: £7,104.00)
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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