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REGISTERED NUMBER: 10287367 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Eggersmann Design Limited

Eggersmann Design Limited (Registered number: 10287367)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eggersmann Design Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: G R M Elliott
G Singer





SECRETARY: G R M Elliott





REGISTERED OFFICE: Unit 6 & 7
Design Centre North
1 Harbour Avenue
London
SW10 0HG





REGISTERED NUMBER: 10287367 (England and Wales)





ACCOUNTANTS: Ward Mackenzie Ltd
Chartered Accountants
Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS

Eggersmann Design Limited (Registered number: 10287367)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 774,385 859,170

CURRENT ASSETS
Debtors 5 294,445 78,322
Cash at bank and in hand 99,522 66,865
393,967 145,187
CREDITORS
Amounts falling due within one year 6 (598,442 ) (387,728 )
NET CURRENT LIABILITIES (204,475 ) (242,541 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

569,910

616,629

CREDITORS
Amounts falling due after more than one year 7 (521,919 ) (638,389 )
NET ASSETS/(LIABILITIES) 47,991 (21,760 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9 47,989 (21,762 )
SHAREHOLDERS' FUNDS 47,991 (21,760 )

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

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

Eggersmann Design Limited (Registered number: 10287367)

Balance Sheet - continued
31 August 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:





G R M Elliott - Director


Eggersmann Design Limited (Registered number: 10287367)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Eggersmann Design 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.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
During the year ended 31 August 2023, the company changed its accounting policy for depreciating furniture and fixtures. Previously, the company depreciated these assets using the 25% as per Reducing balance method. From 01 September 2022, the company has started to depreciate furniture and fixtures using the 10% Reducing balance method, to align with the best practices and ensure the financial statements provide a true and fair view of the assets' value.

TURNOVER
Turnover represents net invoiced sales of goods, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33.33% on cost

DEFERRED TAX
Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date as these are considered immaterial.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

GOING CONCERN
These accounts have been prepared on the going concern basis, on the understanding that the directors will continue to financially support the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Eggersmann Design Limited (Registered number: 10287367)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 3,090 963,275 17,235 983,600
Additions 429 3,803 - 4,232
At 31 August 2024 3,519 967,078 17,235 987,832
DEPRECIATION
At 1 September 2023 1,722 110,147 12,561 124,430
Charge for year 390 85,592 3,035 89,017
At 31 August 2024 2,112 195,739 15,596 213,447
NET BOOK VALUE
At 31 August 2024 1,407 771,339 1,639 774,385
At 31 August 2023 1,368 853,128 4,674 859,170

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,505 31,268
Other debtors 1 1
Tax - 2,453
VAT 42,585 -
Prepayments and accrued income 66,854 44,600
Accrued Income 157,500 -
294,445 78,322

The directors consider the carrying value of trade and other receivables approximate to their fair values.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 375,572 182,469
Social security and other tax 106,002 52,027
VAT - 42,295
Other creditors 6,519 4,204
CIS liability 35,446 18,229
Directors' current accounts 71,639 75,475
Accrued expenses 3,264 13,029
598,442 387,728

The directors consider the carrying amounts of current liabilities approximate to their fair values.

Eggersmann Design Limited (Registered number: 10287367)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 363,334 355,625
Bank loans - 2-5 years 158,585 282,764
521,919 638,389

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 131,520 131,520
Between one and five years 526,080 526,080
In more than five years 164,400 295,920
822,000 953,520

9. RESERVES
Retained
earnings
£   

At 1 September 2023 (21,762 )
Profit for the year 69,751
At 31 August 2024 47,989

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

10. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable by the company to the fund and amounted to £3,712 (2023 - £5,679).

Eggersmann Design Limited (Registered number: 10287367)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
G Singer
Balance outstanding at start of year (6,142 ) -
Amounts advanced 32,362 10,808
Amounts repaid (34,176 ) (16,950 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,956 ) (6,142 )

G R M Elliott
Balance outstanding at start of year (69,333 ) (6,333 )
Amounts advanced 29,685 -
Amounts repaid (24,035 ) (63,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (63,683 ) (69,333 )

12. RELATED PARTY DISCLOSURES

During the year £17,917 was paid to G Elliott & Co Limited, a company under the control of director G Elliott, for Management costs.

13. ULTIMATE CONTROLLING PARTY

The controlling parties are Mr G R M Elliott and Mr G Singer both being directors and share holders.

14. SECURED DEBTS

Security is held by Lloyds bank PLC and The Trustees of the Eggersmann Design Pension Scheme in the form of charges held over all assets of the company , incorporating a fixed charge and negative pledge.