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Registered number: 06133725
Ewe and Lamb (Bromsgrove) Limited
Financial Statements
For The Year Ended 30 September 2024
NJR Accountancy Services Limited
14 Victoria Square
Droitwich Spa
Worcestershire
WR9 8DS
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 06133725
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 97,723 108,382
97,723 108,382
CURRENT ASSETS
Stocks 5 21,646 22,530
Debtors 6 19,920 33,675
Cash at bank and in hand 90,711 117,165
132,277 173,370
Creditors: Amounts Falling Due Within One Year 7 (207,313 ) (248,130 )
NET CURRENT ASSETS (LIABILITIES) (75,036 ) (74,760 )
TOTAL ASSETS LESS CURRENT LIABILITIES 22,687 33,622
Creditors: Amounts Falling Due After More Than One Year 8 (10,000 ) (25,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,647 ) (7,740 )
NET ASSETS 5,040 882
CAPITAL AND RESERVES
Called up share capital 9 204 204
Income Statement 4,836 678
SHAREHOLDERS' FUNDS 5,040 882
Page 1
Page 2
For the year ending 30 September 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr N Mossop
Director
12th December 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ewe and Lamb (Bromsgrove) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06133725 . The registered office is The Crown & Sandys Main Road, Ombersley, Droitwich, Worcestershire, WR9 0EW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Short leasehold Not provided
Improvements to leasehold Not provided
Kitchen equipment 25% on reducing balance
Fixtures, Fittings & Equipment 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 37 (2023: 37)
37 37
4. Tangible Assets
Land & Property
Short leasehold Improvements to leasehold Kitchen equipment Fixtures, Fittings & Equipment
£ £ £ £
Cost
As at 1 October 2023 21,934 42,865 27,636 257,164
Additions - - - -
As at 30 September 2024 21,934 42,865 27,636 257,164
Depreciation
As at 1 October 2023 - - 15,987 227,953
Provided during the period - - 2,912 7,303
As at 30 September 2024 - - 18,899 235,256
...CONTINUED
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Net Book Value
As at 30 September 2024 21,934 42,865 8,737 21,908
As at 1 October 2023 21,934 42,865 11,649 29,211
Computer Equipment Total
£ £
Cost
As at 1 October 2023 4,618 354,217
Additions 316 316
As at 30 September 2024 4,934 354,533
Depreciation
As at 1 October 2023 1,895 245,835
Provided during the period 760 10,975
As at 30 September 2024 2,655 256,810
Net Book Value
As at 30 September 2024 2,279 97,723
As at 1 October 2023 2,723 108,382
5. Stocks
2024 2023
£ £
Stock 21,646 22,530
6. Debtors
2024 2023
£ £
Due within one year
Sales invoice reserve - 8,284
Other debtors 19,920 25,391
19,920 33,675
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Page 6
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 96,992 99,683
Bank loans and overdrafts 15,000 15,000
Amounts owed to group undertakings 1 58,989
Other creditors 26,624 20,406
Taxation and social security 68,696 54,052
207,313 248,130
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,000 25,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 204 204
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr N Mossop 30,175 23,375
Mr S Ballard 30,175 23,375
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