Eden Facades Limited
Unaudited Financial Statements
For the year ended 30 June 2024
Pages for Filing with Registrar
Company Registration No. 07572290 (England and Wales)
Eden Facades Limited
Company Information
Directors
A Hill
P Michaelson
Company number
07572290
Registered office
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Accountants
Moore Kingston Smith LLP
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Eden Facades Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
Eden Facades Limited
Balance Sheet
As at 30 June 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
38,132
12,515
Current assets
Stock
-
62,975
Debtors
5
3,341,565
1,926,318
Cash at bank and in hand
2,727,494
1,799,608
6,069,059
3,788,901
Creditors: amounts falling due within one year
6
(3,568,042)
(2,375,387)
Net current assets
2,501,017
1,413,514
Total assets less current liabilities
2,539,149
1,426,029
Creditors: amounts falling due after more than one year
7
-
0
(2,432)
Provisions for liabilities
8
(2,484)
(3,716)
Net assets
2,536,665
1,419,881
Capital and reserves
Called up share capital
9
60
60
Capital redemption reserve
30
30
Profit and loss reserves
2,536,575
1,419,791
Total equity
2,536,665
1,419,881

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

Eden Facades Limited
Balance Sheet (Continued)
As at 30 June 2024
Page 2
The financial statements were approved by the board of directors and authorised for issue on 17 February 2025 and are signed on its behalf by:
A Hill
Director
Company Registration No. 07572290
Eden Facades Limited
Notes to the Financial Statements
For the year ended 30 June 2024
Page 3
1
Accounting policies
Company information

Eden Facades Limited is a private company limited by shares incorporated in England and Wales. The registered office is Orbital House, 20 Eastern Road, Romford, Essex, RM1 3PJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stock

Stock are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.

1.6
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

1.7
Financial instruments

All of the company's financial assets and liabilities are basic and measured at amortised cost.

Eden Facades Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2024
1
Accounting policies
(Continued)
Page 4
1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.12
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Eden Facades Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2024
Page 5
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 24 (2023: 21).

3
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
559,585
309,721
Deferred tax
Origination and reversal of timing differences
(1,232)
(228)
Total tax charge
558,353
309,493
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023
47,348
Additions
29,995
At 30 June 2024
77,343
Depreciation
At 1 July 2023
34,833
Depreciation charged in the year
4,378
At 30 June 2024
39,211
Carrying amount
At 30 June 2024
38,132
At 30 June 2023
12,515
Eden Facades Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2024
Page 6
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,987,770
984,999
Other debtors
274,904
187,475
Prepayments and accrued income
1,078,891
753,844
3,341,565
1,926,318
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
172
-
0
Trade creditors
2,603,505
1,637,233
Corporation tax
239,598
309,721
Other taxation and social security
96,772
95,378
Other creditors
28,295
221,581
Accruals and deferred income
599,700
111,474
3,568,042
2,375,387

Included in other creditors at the year end are outstanding pension contributions of £4,423 (2023: £3,561).

7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
-
2,432
8
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
2,484
3,716
9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary of 10p each
600
600
60
60
Eden Facades Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2024
Page 7
10
Related party transactions

During the year, dividends of £540,000 (2023: £166,000) were paid to the directors of the company. At the year end, included in other creditors is £21,252 (2023: £213,934) owed to the directors of the company.

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