Registered number
01650990
Escalmain Limited
Report and Unaudited Accounts
31 December 2024
Collins
Chartered Accountants
West Midlands
Escalmain Limited
Registered number: 01650990
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Tangible assets 4 224,065 239,938
Current assets
Stocks 465,260 557,996
Debtors 5 26,466 13,706
Cash at bank and in hand 135,922 65,325
627,648 637,027
Creditors: amounts falling due within one year 6 (82,507) (101,327)
Net current assets 545,141 535,700
Total assets less current liabilities 769,206 775,638
Creditors: amounts falling due after more than one year 7 (77,821) (94,108)
Provisions for liabilities (4,812) (8,780)
Net assets 686,573 672,750
Capital and reserves
Called up share capital 3 3
Profit and loss account 686,570 672,747
Shareholder's funds 686,573 672,750
The director is 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 director acknowledges his 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.
A Cooper
Director
Approved by the board on 5 February 2025
Escalmain Limited
Notes to the Accounts
for the year ended 31 December 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.
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 when the services have been completed.
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:
Freehold buildings No depreciation
Leasehold land and buildings over the lease term
Equipment and computers 10 % reducing balance and 50% straight line
Motor vehicles 25% reducing balance
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.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 5
3 Taxation 2024 2023
£ £
UK corporation tax 33,017 37,555
Deferred tax (3,968) 3,208
29,049 40,763
4 Tangible fixed assets
Land and buildings Leasehold Improvements Vehicles and Equipment Total
£ £ £ £
Cost
At 1 January 2024 204,817 20,925 95,504 321,246
Additions - - 2,446 2,446
Disposals - - (39,325) (39,325)
At 31 December 2024 204,817 20,925 58,625 284,367
Depreciation
At 1 January 2024 - 20,925 60,383 81,308
Charge for the year - - 18,319 18,319
On disposals - - (39,325) (39,325)
At 31 December 2024 - 20,925 39,377 60,302
Net book value
At 31 December 2024 204,817 - 19,248 224,065
At 31 December 2023 204,817 - 35,121 239,938
5 Debtors 2024 2023
£ £
Trade debtors 5,273 11,220
Prepayments and accrued income 1,847 2,486
Director Loan 19,346 -
26,466 13,706
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans 16,338 16,389
Trade creditors 4,503 2,012
Corporation tax 33,017 37,555
Other taxes and social security costs 15,904 14,778
Directors loans - 18,058
Accruals and deferred income 12,745 12,535
82,507 101,327
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 77,821 94,108
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 85,285 74,383
Lloyds bank plc holds an unlimited debenture and a first legal charge over the freehold property at 2049 Coventry Road Sheldon, B26 3DY
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
A Cooper
Loan Account (18,058) 37,404 - 19,346
(18,058) 37,404 - 19,346
The maximum indebtedness in the year was £19346. This will be fully repaid in the following year.
10 Dividends 2024 2023
£ £
Dividends for which the company became liable during the year:
Dividends paid 80,000 65,000
11 Controlling party
The company is under the control of A Cooper
12 Other information
Escalmain Limited is a private company limited by shares and incorporated in England. Its registered office is:
2059 Coventry Road
Sheldon
Birmingham
B26 3DY
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