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Registration number: 03871860

Eden Ecommerce Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Eden Ecommerce Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Eden Ecommerce Ltd

Company Information

Directors

BGW Mulholland

MI Jeremy

Registered office

3 Minerva Court
Chester West Employment Park
Chester
Cheshire
CH1 4QT

Bankers

Co-operative Bank plc
1 Balloon Street
Manchester
M60 4EP

Accountants

McKellens Limited
Chartered Accountants
11 Riverview
The Embankment Business Park
Vale Road
Heaton Mersey
Stockport
SK4 3GN

 

Eden Ecommerce Ltd

(Registration number: 03871860)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

269,577

204,076

Tangible assets

5

34,345

30,200

 

303,922

234,276

Current assets

 

Stocks

6

452,208

537,131

Debtors

7

262,423

275,482

Cash at bank and in hand

 

668,227

552,702

 

1,382,858

1,365,315

Creditors: Amounts falling due within one year

8

(1,402,500)

(1,224,994)

Net current (liabilities)/assets

 

(19,642)

140,321

Total assets less current liabilities

 

284,280

374,597

Creditors: Amounts falling due after more than one year

8

(21,667)

(115,333)

Provisions for liabilities

(3,321)

(2,408)

Net assets

 

259,292

256,856

Capital and reserves

 

Called up share capital

9

900

900

Retained earnings

258,392

255,956

Shareholders' funds

 

259,292

256,856

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 March 2025 and signed on its behalf by:
 

.........................................
BGW Mulholland
Director

.........................................
MI Jeremy
Director

 
     
 

Eden Ecommerce Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3 Minerva Court
Chester West Employment Park
Chester
Cheshire
CH1 4QT

These financial statements were authorised for issue by the Board on 28 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Eden Ecommerce Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% straight line

Computer equipment

3 years straight line

Intangible assets

Separately acquired trademarks, domain names and licences are shown at historical cost.

The cost of developing new software is capitalised and shown at the cost to the company of the relevant labour, subcontractors and other consumables.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Domain names

4% straight line

Research and development

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Eden Ecommerce Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 49 (2023 - 46).

 

Eden Ecommerce Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Intangible assets

Trademarks, patents and licenses
£

Development costs
£

Total
£

Cost or valuation

At 1 January 2024

45,119

438,150

483,269

Additions acquired separately

-

170,568

170,568

At 31 December 2024

45,119

608,718

653,837

Amortisation

At 1 January 2024

12,928

266,265

279,193

Amortisation charge

1,805

103,262

105,067

At 31 December 2024

14,733

369,527

384,260

Carrying amount

At 31 December 2024

30,386

239,191

269,577

At 31 December 2023

32,191

171,885

204,076

5

Tangible assets

Furniture, fittings and equipment
£

Warehouse equipment
£

Total
£

Cost or valuation

At 1 January 2024

212,460

57,896

270,356

Additions

21,188

1,563

22,751

At 31 December 2024

233,648

59,459

293,107

Depreciation

At 1 January 2024

189,078

51,088

240,166

Charge for the year

15,434

3,162

18,596

At 31 December 2024

204,512

54,250

258,762

Carrying amount

At 31 December 2024

29,136

5,209

34,345

At 31 December 2023

23,392

6,808

30,200

 

Eden Ecommerce Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Stocks

2024
£

2023
£

Finished goods and goods for resale

452,208

537,131

7

Debtors

Current

2024
£

2023
£

Trade debtors

99,259

86,162

Prepayments

133,028

157,059

Other debtors

30,136

32,261

 

262,423

275,482

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

93,667

114,500

Trade creditors

 

933,905

849,433

Taxation and social security

 

125,864

117,577

Accruals and deferred income

 

102,476

97,787

Other creditors

 

146,588

45,697

 

1,402,500

1,224,994

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

21,667

115,333

 

Eden Ecommerce Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

900

900

900

900

       

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

21,667

115,333

Current loans and borrowings

2024
£

2023
£

Other borrowings

93,667

114,500

Bank borrowings

The CBILS loan is denominated in £ with a nominal interest rate of 6.03%, and the final instalment is due on 1 May 2026. The carrying amount at year end is £115,334 (2023 - £229,833).

The CBILS loan is unsecured