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Company Registration No. 1379377 (England and Wales)
Eddingbrook Limited Unaudited accounts for the year ended 30 September 2024
Eddingbrook Limited Unaudited accounts Contents
Page
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Eddingbrook Limited Company Information for the year ended 30 September 2024
Directors
D Jackson D Webster
Company Number
1379377 (England and Wales)
Registered Office
Valley Works Bacup Road Todmorden Lancashire OL14 7PJ
Accountants
KDH Accountancy Limited 19 Bleasdale Street Royton Oldham OL2 6QD
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Eddingbrook Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,995 
- 
Current assets
Inventories
15,000 
14,000 
Debtors
197,037 
140,792 
Cash at bank and in hand
85,391 
107,905 
297,428 
262,697 
Creditors: amounts falling due within one year
(61,266)
(115,781)
Net current assets
236,162 
146,916 
Total assets less current liabilities
245,157 
146,916 
Creditors: amounts falling due after more than one year
(37,378)
- 
Net assets
207,779 
146,916 
Capital and reserves
Called up share capital
1,002 
1,002 
Profit and loss account
206,777 
145,914 
Shareholders' funds
207,779 
146,916 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by
D Webster Director Company Registration No. 1379377
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Eddingbrook Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Eddingbrook Limited is a private company, limited by shares, registered in England and Wales, registration number 1379377. The registered office is Valley Works, Bacup Road, Todmorden , Lancashire, OL14 7PJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention. The principle accounting policies adopted are set out below.
Presentation currency
The accounts are presented in £ sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The company has continued to improve its net asset position and its profit levels. Therefore, at the time of approval of the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and so continue to adopt the going concern basis of accounting in preparing these financial statements.
Turnover
The turnover shown in the profit and loss account represent amounts receivable during the year, exclusive of Value Added Tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and section 12 'Other Financial Instruments Issues' of FRS 102 to all of its Financial Instruments. Financial Instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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Eddingbrook Limited Notes to the Accounts for the year ended 30 September 2024
Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using effective interest rate method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilites
Basic financial liabilities, including trade and other creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Taxation
Current tax is based on taxable profit for the year. Current tax assets and liabilities are measured using tax rates that have been enacted or substantively enacted by the reporting date.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Retirement benefits
The company operates a defined benefit contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions are charged to the profit and loss account.
Leases
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 leased asset are consumed.
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Eddingbrook Limited Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 October 2023
- 
Additions
8,995 
At 30 September 2024
8,995 
Depreciation
At 30 September 2024
- 
Net book value
At 30 September 2024
8,995 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
126,989 
129,658 
Amounts due from group undertakings etc.
51,190 
- 
Accrued income and prepayments
18,858 
11,134 
197,037 
140,792 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
21,934 
18,226 
Trade creditors
23,744 
38,458 
Amounts owed to group undertakings and other participating interests
- 
23,834 
Taxes and social security
3,588 
25,362 
Other creditors
6,774 
5,865 
Accruals
5,226 
4,036 
61,266 
115,781 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Taxes and social security
37,378 
- 
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 30 September 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
812 
812 
Later than one year and not later than five years
609 
1,421 
1,421 
2,233 
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Eddingbrook Limited Notes to the Accounts for the year ended 30 September 2024
9
Transactions with related parties
The company paid dividends amounting to £51,508 (2023: £42,592) to its holding company, Eddingbrook Holdings Limited, during the year. During the year, Eddingbrook Limited was charged hire of plant, vehicles and equipment of £34,073 (2023: £33,000) by Eddingbrook Holdings Limited. At 30 September 2024, the company was owed £51,190 (2023: £23,834 owed to) by Eddingbrook Holdings Limited. The buildings which the company operates are owned by the two directors, the company paid rent of £30,800 (2023: £30,000) during the year.
10
Controlling party
At 30 September 2024, the company's immediate parent was Eddingbrook Holdings Limited, a company incorporated in England and Wales. There is not considered to be an ultimate controlling party.
11
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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