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REGISTERED NUMBER: 09459077 (England and Wales)













FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

FOR

ENGRAVABLES LIMITED

ENGRAVABLES LIMITED (REGISTERED NUMBER: 09459077)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ENGRAVABLES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024







DIRECTORS: Mr D T Hibbard
Mr C J Hibbard



REGISTERED OFFICE: 21 Venn Close
Stoke Fleming
Dartmouth
Devon
TQ6 0QL



REGISTERED NUMBER: 09459077 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Monzo
Broadwalk House
5 Appold Street
London
EC2A 2AG

ENGRAVABLES LIMITED (REGISTERED NUMBER: 09459077)

BALANCE SHEET
30 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 220 220
Tangible assets 5 21,768 24,434
21,988 24,654

CURRENT ASSETS
Stocks 6 37,500 36,000
Debtors 7 4,370 14,408
Cash at bank 8,167 15,596
50,037 66,004
CREDITORS
Amounts falling due within one year 8 61,818 70,325
NET CURRENT LIABILITIES (11,781 ) (4,321 )
TOTAL ASSETS LESS CURRENT LIABILITIES 10,207 20,333

PROVISIONS FOR LIABILITIES 4,132 4,642
NET ASSETS 6,075 15,691

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 6,069 15,685
SHAREHOLDERS' FUNDS 6,075 15,691

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ENGRAVABLES LIMITED (REGISTERED NUMBER: 09459077)

BALANCE SHEET - continued
30 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:




Mr D T Hibbard - Director



Mr C J Hibbard - Director


ENGRAVABLES LIMITED (REGISTERED NUMBER: 09459077)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024


1. STATUTORY INFORMATION

Engravables Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Changes in accounting policies
The rate at which fixture and fittings are depreciated has been changed from 33% on a straight line basis to 15% on a reducing balance basis, the directors believe this is a more accurate reflection of the useful life of the assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


ENGRAVABLES LIMITED (REGISTERED NUMBER: 09459077)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 30 March 2024 1,637
AMORTISATION
At 1 April 2023
and 30 March 2024 1,417
NET BOOK VALUE
At 30 March 2024 220
At 31 March 2023 220

ENGRAVABLES LIMITED (REGISTERED NUMBER: 09459077)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 78,204 2,872 11,129 92,205
Additions 290 - 2,095 2,385
At 30 March 2024 78,494 2,872 13,224 94,590
DEPRECIATION
At 1 April 2023 54,558 2,709 10,504 67,771
Charge for period 3,590 163 1,298 5,051
At 30 March 2024 58,148 2,872 11,802 72,822
NET BOOK VALUE
At 30 March 2024 20,346 - 1,422 21,768
At 31 March 2023 23,646 163 625 24,434

6. STOCKS
2024 2023
£    £   
Stocks 37,500 36,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 14,408
Directors' current accounts 2,620 -
Tax 1,750 -
4,370 14,408

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 691
Trade creditors 4,627 3,169
Tax - 2,285
Social security and other taxes 807 4,863
VAT 7,363 6,230
Other creditors - 7,777
Directors' current accounts 47,306 43,540
Accrued expenses 1,715 1,770
61,818 70,325

ENGRAVABLES LIMITED (REGISTERED NUMBER: 09459077)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 March 2024 and the year ended 31 March 2023:

2024 2023
£    £   
Mr D T Hibbard
Balance outstanding at start of period (2,875 ) (3,412 )
Amounts advanced 10,588 647
Amounts repaid (5,093 ) (110 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 2,620 (2,875 )

Mr C J Hibbard
Balance outstanding at start of period (40,665 ) (35,059 )
Amounts advanced 1,949 1,430
Amounts repaid (8,590 ) (7,036 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (47,306 ) (40,665 )

Loans are unsecured, interest free and repayable on demand.