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REGISTERED NUMBER: 04451158 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

EWB COTTON LIMITED

EWB COTTON LIMITED (REGISTERED NUMBER: 04451158)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


EWB COTTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr S Heavyside
Mrs P A Heavyside



SECRETARY: Mrs P A Heavyside



REGISTERED OFFICE: 54 Church Street
Barrow In Furness
Cumbria
LA14 2HY



REGISTERED NUMBER: 04451158 (England and Wales)



BANKERS: Barclays Bank plc
Leicestershire
LE87 2BB

EWB COTTON LIMITED (REGISTERED NUMBER: 04451158)

ABRIDGED BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 222,933 235,412
222,933 235,412

CURRENT ASSETS
Stocks 51,520 61,785
Debtors 6,598 6,598
Cash at bank and in hand 18,945 61,290
77,063 129,673
CREDITORS
Amounts falling due within one year 191,136 169,613
NET CURRENT LIABILITIES (114,073 ) (39,940 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,860

195,472

CREDITORS
Amounts falling due after more than one
year

42,889

60,551
NET ASSETS 65,971 134,921

CAPITAL AND RESERVES
Called up share capital 7 130 130
Retained earnings 65,841 134,791
SHAREHOLDERS' FUNDS 65,971 134,921

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

EWB COTTON LIMITED (REGISTERED NUMBER: 04451158)

ABRIDGED BALANCE SHEET - continued
31 JULY 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 April 2025 and were signed on its behalf by:




Mr S Heavyside - Director



Mrs P A Heavyside - Director


EWB COTTON LIMITED (REGISTERED NUMBER: 04451158)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

EWB Cotton 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on the going concern basis.

Turnover
Turnover represents net invoiced sales of goods and services, as adjusted for work in progress, excluding VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

EWB COTTON LIMITED (REGISTERED NUMBER: 04451158)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 July 2024 150,000
AMORTISATION
At 1 August 2023
and 31 July 2024 150,000
NET BOOK VALUE

At 31 July 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 316,264
Additions 2,331
Disposals (12,995 )
At 31 July 2024 305,600
DEPRECIATION
At 1 August 2023 80,852
Charge for year 12,487
Eliminated on disposal (10,672 )
At 31 July 2024 82,667
NET BOOK VALUE
At 31 July 2024 222,933
At 31 July 2023 235,412

The net book value of tangible fixed assets includes £25,310 (2023: £33,746) in respect of assets held under hire purchase agreements. The amount of depreciation in respect of such assets amounted to £8,437 (2023: £11,249) for the financial year.

EWB COTTON LIMITED (REGISTERED NUMBER: 04451158)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

6. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 52,490 64,514
Hire purchase contracts 12,746 17,968
65,236 82,482

Barclays Bank PLC hold debenture over the company incorporating a fixed charge, a floating charge, a negative pledge and a charge over 54 Church Street, Barrow-in-Furness.

The hire purchase contracts are secured upon the assets to which they relate.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
30 Ordinary Non Voting £1 30 30
65 A Ordinary £1 65 65
35 B Ordinary £1 35 35
130 130

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Heavyside.