Registered number: SC784757
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
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ESG NATURAL FIBRES LIMITED
COMPANY INFORMATION
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ESG NATURAL FIBRES LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ESG NATURAL FIBRES LIMITED
FOR THE PERIOD ENDED 31 OCTOBER 2024
Chartered Accountants
14 City Quay
DD1 3JA
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ESG NATURAL FIBRES LIMITED
REGISTERED NUMBER: SC784757
STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024
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ESG NATURAL FIBRES LIMITED
REGISTERED NUMBER: SC784757
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 4 to 7 form part of these financial statements.
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ESG NATURAL FIBRES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
ESG Natural Fibre Limited is a private company, limited by shares, incorporated in Scotland with registration number SC784757. The registered office is City Points 3rd Floor, 65 Haymarket Terrace, Edinburgh, Scotland, EH12 5HD.
2.ACCOUNTING POLICIES
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Functional and presentation currency
Transactions and balances
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ESG NATURAL FIBRES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
2.ACCOUNTING POLICIES (CONTINUED)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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ESG NATURAL FIBRES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
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ESG NATURAL FIBRES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
The company issued 1,251,000 Ordinary A shares and 1,275,000 Ordinary B shares both of £0.001 at par value during the year. The company then alloted a further 1,500,000 Ordinary B shares of £0.001 at £1 per share throughout the year.
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