Registered number
07874144
Ebdons of Cheltenham Limited
Filleted Accounts
31 May 2024
Ebdons of Cheltenham Limited
Company Information
Directors
G R Tilsley
Mrs V Tilsley
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Trading address
339 Swindon Road
Cheltenham
Glos
Registered office
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered number
07874144
Ebdons of Cheltenham Limited
Registered number: 07874144
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 19,960 22,590
Current assets
Stocks 60,000 60,250
Debtors 5 37,767 28,267
97,767 88,517
Creditors: amounts falling due within one year 6 (83,943) (71,146)
Net current assets 13,824 17,371
Total assets less current liabilities 33,784 39,961
Creditors: amounts falling due after more than one year 7 (33,333) (38,889)
Net assets 451 1,072
Capital and reserves
Called up share capital 10 10
Profit and loss account 441 1,062
Shareholder's funds 451 1,072
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G R Tilsley
Director
Approved by the board on 31 July 2024
Ebdons of Cheltenham Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold property nil
Plant and machinery 25% straight line
Office equipment 25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 8
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2023 20,000
At 31 May 2024 20,000
Amortisation
At 1 June 2023 20,000
At 31 May 2024 20,000
Net book value
At 31 May 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of ten years.
4 Tangible fixed assets
Leasehold property Plant and machinery Office equipment Total
£ £ £ £
Cost
At 1 June 2023 10,880 17,867 4,003 32,750
Additions - - 1,185 1,185
At 31 May 2024 10,880 17,867 5,188 33,935
Depreciation
At 1 June 2023 - 6,997 3,163 10,160
Charge for the year - 3,180 635 3,815
At 31 May 2024 - 10,177 3,798 13,975
Net book value
At 31 May 2024 10,880 7,690 1,390 19,960
At 31 May 2023 10,880 10,870 840 22,590
5 Debtors 2024 2023
£ £
Other debtors 37,767 28,267
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 19,955 12,309
Trade creditors 43,356 42,061
Taxation and social security costs 16,332 14,976
Other creditors 4,300 1,800
83,943 71,146
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 33,333 38,889
8 Controlling party
The company is controlled by the directors
9 Other information
Ebdons of Cheltenham Limited is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
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