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URBAN COTTAGE INDUSTRIES LTD

Registered Number
07211785
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

URBAN COTTAGE INDUSTRIES LTD
Company Information
for the year from 1 May 2023 to 30 April 2024

Directors

Sophie Gollop
Stanley Wilson

Registered Address

Urban Cottage Industries Ltd
Greenhill Mills
Hebden Bridge
HX7 5QF

Registered Number

07211785 (England and Wales)
URBAN COTTAGE INDUSTRIES LTD
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3-11,253
Tangible assets478,437112,511
Investments5200200
78,637123,964
Current assets
Stocks6168,226201,456
Debtors64,94543,210
Cash at bank and on hand2,67244,954
235,843289,620
Creditors amounts falling due within one year7(140,020)(135,576)
Net current assets (liabilities)95,823154,044
Total assets less current liabilities174,460278,008
Creditors amounts falling due after one year8(821,845)(811,010)
Net assets(647,385)(533,002)
Capital and reserves
Called up share capital400400
Profit and loss account(647,785)(533,402)
Shareholders' funds(647,385)(533,002)
The financial statements were approved and authorised for issue by the Board of Directors on 28 January 2025, and are signed on its behalf by:
Sophie Gollop
Director
Registered Company No. 07211785
URBAN COTTAGE INDUSTRIES LTD
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year510
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 May 23167,868167,868
At 30 April 24167,868167,868
Amortisation and impairment
At 01 May 23156,615156,615
Charge for year11,25311,253
At 30 April 24167,868167,868
Net book value
At 30 April 24--
At 30 April 2311,25311,253
4.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 May 23207,191-37,80316,887261,881
Additions-441193-634
Disposals(33,846)--(2,545)(36,391)
At 30 April 24173,34544137,99614,342226,124
Depreciation and impairment
At 01 May 23126,113-13,5459,712149,370
Charge for year--1,7544,0675,821
On disposals(7,504)---(7,504)
At 30 April 24118,609-15,29913,779147,687
Net book value
At 30 April 2454,73644122,69756378,437
At 30 April 2381,078-24,2587,175112,511
5.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 May 23200200
At 30 April 24200200
Net book value
At 30 April 24200200
At 30 April 23200200

Notes

1Other investments other than loans
6.Stocks

2024

2023

££
Raw materials and consumables162,234196,729
Work in progress5,9924,727
Total168,226201,456
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables28,21024,811
Bank borrowings and overdrafts32,41032,388
Taxation and social security41,85632,783
Finance lease and HP contracts-7,378
Other creditors1,060968
Accrued liabilities and deferred income36,48437,248
Total140,020135,576
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors: amounts due after one year

2024

2023

££
Amounts owed to related parties821,845811,010
Total821,845811,010