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ETWALL (MIDLANDS) LIMITED

Registered Number
10432055
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

ETWALL (MIDLANDS) LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

EBRAHIM, Femina
EBRAHIM, Nazim Nizar

Registered Address

Flat 12 High Street
Desborough
Kettering
NN14 2QS

Registered Number

10432055 (England and Wales)
ETWALL (MIDLANDS) LIMITED
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets317,26821,210
17,26821,210
Current assets
Stocks434,64536,196
Debtors5161,073244,673
Cash at bank and on hand220,969116,620
416,687397,489
Creditors amounts falling due within one year6(235,776)(215,723)
Net current assets (liabilities)180,911181,766
Total assets less current liabilities198,179202,976
Creditors amounts falling due after one year7(14,167)(24,167)
Provisions for liabilities8(4,185)(4,185)
Net assets179,827174,624
Capital and reserves
Called up share capital100100
Profit and loss account179,727174,524
Shareholders' funds179,827174,624
The financial statements were approved and authorised for issue by the Board of Directors on 14 May 2025, and are signed on its behalf by:
EBRAHIM, Femina
Director
EBRAHIM, Nazim Nizar
Director

Registered Company No. 10432055
ETWALL (MIDLANDS) LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are initially stated at cost and subsequently at cost less less depreciation. Land and buildings includes improvements to leasehold property. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Land and buildings20
Plant and machinery20
Fixtures and fittings20
Vehicles20
Office Equipment20
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). Stocks consists of unsold medicines at the year end.
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. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortized cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortized. 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 liabilities Basic financial liabilities, including creditors, 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 resent value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortized. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortized cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year88
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 October 2332,05413,1562,0239,7156,03062,978
Additions----333333
At 30 September 2432,05413,1562,0239,7156,36363,311
Depreciation and impairment
At 01 October 2320,1399,7071,4926,8683,56241,768
Charge for year2,3836901065695274,275
At 30 September 2422,52210,3971,5987,4374,08946,043
Net book value
At 30 September 249,5322,7594252,2782,27417,268
At 30 September 2311,9153,4495312,8472,46821,210
4.Stocks

2024

2023

££
Finished goods34,64536,196
Total34,64536,196
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables105,011105,634
Other debtors54,154136,626
Prepayments and accrued income1,9082,413
Total161,073244,673
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables90,895132,057
Bank borrowings and overdrafts10,00010,257
Taxation and social security11,6555,223
Other creditors93,33268,186
Accrued liabilities and deferred income29,894-
Total235,776215,723
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts14,16724,167
Total14,16724,167
Included in bank borrowings due within one year and after one year is bounceback loan £24,167 (2023 : £34,167).
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)4,1854,185
Total4,1854,185
9.Related party transactions
Included within other debtors are the following amounts due from companies connected to the directors: Trio Properties London Ltd: £30,000 (2023: £NIL), Holdenhurst Services Ltd: £10,000 (2023 : £Nil). Included within other creditors are the following amounts due to the companies connected to the directors: Riddings Ltd: £31,286 (2023 : £13,239), Howitts Ltd: £8,198 (2023 : DR £9,999), Coastbond Ltd: £130 (2023 : £130) Hilton Pharmacy Ltd: £71 (2023 : £86). Other creditors also include an amount of £405 (2023 : £133) due to the directors.