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Registered Number: 14953711
England and Wales

 

 

 

EDS BRANDS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 22 June 2023

End date: 30 June 2024
Directors Enver Mustafa
Ali Karimi
Registered Number 14953711
Registered Office 6-7 Waterside
Station road
Harpenden
AL5 4US
Accountants Cubed Consultancy Limited
6-7 Waterside
Station Road
Harpenden
Hertfordshire
AL5 4US
1
 
 
Notes
 
2024
£
Fixed assets    
Tangible fixed assets 3 14,121 
Investments 4 420 
14,541 
Current assets    
Debtors 5 189,484 
Cash at bank and in hand 1,025,475 
1,214,959 
Creditors: amount falling due within one year 6 (136,561)
Net current assets 1,078,398 
 
Total assets less current liabilities 1,092,939 
Accruals and deferred income (947,006)
Provisions for liabilities 7 (3,500)
Net assets 142,433 
 

Capital and reserves
   
Called up share capital 100 
Profit and loss account 142,333 
Shareholders' funds 142,433 
 


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

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. 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.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 20 March 2025 and were signed on its behalf by:


-------------------------------
Enver Mustafa
Director
2
General Information
EDS Brands Ltd is a private company, limited by shares, registered in England and Wales, registration number 14953711, registration address 6-7 Waterside, Station road, Harpenden, AL5 4US.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings 20% Straight Line
Computer Equipment 20% Straight Line
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
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 in the company's balance sheet 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.
2.

Average number of employees

Average number of employees during the period was 4.
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 22 June 2023    
Additions 7,097    7,450    14,547 
Disposals    
At 30 June 2024 7,097    7,450    14,547 
Depreciation
At 22 June 2023    
Charge for period 146    280    426 
On disposals    
At 30 June 2024 146    280    426 
Net book values
Closing balance as at 30 June 2024 6,951    7,170    14,121 
Opening balance as at 22 June 2023    


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 22 June 2023  
Additions 420    420 
Transfer to/from tangible fixed assets  
Disposals  
At 30 June 2024 420    420 

5.

Debtors: amounts falling due within one year

2024
£
Trade Debtors 148,476 
Other Debtors 41,008 
189,484 

6.

Creditors: amount falling due within one year

2024
£
Trade Creditors 16,713 
Taxation and Social Security 119,358 
Other Creditors 490 
136,561 

7.

Provisions for liabilities

2024
£
Deferred Tax 3,500 
3,500 

3