Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-312023-10-03falseNo description of principal activity5falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC784757 2023-10-02 SC784757 2023-10-03 2024-10-31 SC784757 2022-10-03 2023-10-02 SC784757 2024-10-31 SC784757 c:CompanySecretary1 2023-10-03 2024-10-31 SC784757 c:Director1 2023-10-03 2024-10-31 SC784757 c:Director1 2024-10-31 SC784757 c:Director2 2023-10-03 2024-10-31 SC784757 c:Director2 2024-10-31 SC784757 c:Director3 2023-10-03 2024-10-31 SC784757 c:Director3 2024-10-31 SC784757 c:Director4 2023-10-03 2024-10-31 SC784757 c:Director4 2024-10-31 SC784757 c:Director5 2023-10-03 2024-10-31 SC784757 c:Director5 2024-10-31 SC784757 c:RegisteredOffice 2023-10-03 2024-10-31 SC784757 d:PlantMachinery 2023-10-03 2024-10-31 SC784757 d:PlantMachinery 2024-10-31 SC784757 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-03 2024-10-31 SC784757 d:MotorVehicles 2023-10-03 2024-10-31 SC784757 d:MotorVehicles 2024-10-31 SC784757 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-03 2024-10-31 SC784757 d:OfficeEquipment 2023-10-03 2024-10-31 SC784757 d:OfficeEquipment 2024-10-31 SC784757 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-03 2024-10-31 SC784757 d:OwnedOrFreeholdAssets 2023-10-03 2024-10-31 SC784757 d:Non-currentFinancialInstruments 2024-10-31 SC784757 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 SC784757 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 SC784757 d:ShareCapital 2024-10-31 SC784757 d:SharePremium 2024-10-31 SC784757 d:RetainedEarningsAccumulatedLosses 2024-10-31 SC784757 c:OrdinaryShareClass1 2023-10-03 2024-10-31 SC784757 c:OrdinaryShareClass1 2024-10-31 SC784757 c:OrdinaryShareClass2 2023-10-03 2024-10-31 SC784757 c:OrdinaryShareClass2 2024-10-31 SC784757 c:FRS102 2023-10-03 2024-10-31 SC784757 c:AuditExemptWithAccountantsReport 2023-10-03 2024-10-31 SC784757 c:FullAccounts 2023-10-03 2024-10-31 SC784757 c:PrivateLimitedCompanyLtd 2023-10-03 2024-10-31 SC784757 e:PoundSterling 2023-10-03 2024-10-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC784757










ESG NATURAL FIBRES LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

 
ESG NATURAL FIBRES LIMITED
 

COMPANY INFORMATION


Directors
Andrew Faichney (appointed 2 February 2024)
Ross Forster (appointed 15 February 2024)
Michael Munro (appointed 2 February 2024)
Andrew Stevenson (appointed 2 February 2024)
Alistair Lang (appointed 3 October 2023, resigned 2 February 2024)




Company secretary
Thorntons Law LLP



Registered number
SC784757



Registered office
City Point 3rd Floor
65 Haymarket Terrace

Edinburgh

EH12 5HD




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
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

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ESG Natural Fibres Limited for the period ended 31 October 2024 which comprise  the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotlandwe are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas -framework-preparation -of-accounts.

This report is made solely to the Board of Directors of ESG Natural Fibres Limited, as a body, in accordance with the terms of our engagement letter dated 14 May 2025Our work has been undertaken solely to prepare for your approval the financial statements of ESG Natural Fibres Limited and state those matters that we have agreed to state to the Board of Directors of ESG Natural Fibres Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://icas.com/icas -framework-preparation -of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ESG Natural Fibres Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that ESG Natural Fibres Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ESG Natural Fibres Limited. You consider that ESG Natural Fibres Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of ESG Natural Fibres Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



EQ Accountants Limited
 
Chartered Accountants
  
14 City Quay
Dundee
DD1 3JA
27 June 2025
Page 1

 
ESG NATURAL FIBRES LIMITED
REGISTERED NUMBER: SC784757

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
£

Fixed assets
  

Tangible assets
 4 
883,160

Investments
 5 
25

  
883,185

Current assets
  

Stocks
  
26,199

Debtors
  
717,409

Cash at bank and in hand
  
551,558

  
1,295,166

Creditors: amounts falling due within one year
  
(345,431)

Net current assets
  
 
 
949,735

Total assets less current liabilities
  
1,832,920

Creditors: amounts falling due after more than one year
 6 
(327,200)

  

Net assets
  
1,505,720


Capital and reserves
  

Called up share capital 
 7 
4,026

Share premium account
 7 
1,498,499

Profit and loss account
  
3,195

  
1,505,720


Page 2

 
ESG NATURAL FIBRES LIMITED
REGISTERED NUMBER: SC784757

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 27 June 2025.




Michael Munro
Andrew Faichney
Director
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
ESG NATURAL FIBRES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

1.


GENERAL INFORMATION

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

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

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:

 
2.2

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.3

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 4

 
ESG NATURAL FIBRES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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:

Plant and machinery
-
12.5% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
25% straight line

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.

 
2.6

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the period was 5.

Page 5

 
ESG NATURAL FIBRES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

4.


TANGIBLE FIXED ASSETS





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



COST OR VALUATION


Additions
981,580
44,995
1,069
1,027,644



At 31 October 2024

981,580
44,995
1,069
1,027,644



DEPRECIATION


Charge for the period on owned assets
132,086
12,110
288
144,484



At 31 October 2024

132,086
12,110
288
144,484



NET BOOK VALUE



At 31 October 2024
849,494
32,885
781
883,160


5.


FIXED ASSET INVESTMENTS





Unlisted investments

£



COST OR VALUATION


Additions
25



At 31 October 2024
25





6.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
£

Net obligations under finance leases and hire purchase contracts
327,200

327,200


Page 6

 
ESG NATURAL FIBRES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

7.


SHARE CAPITAL

2024
£
AUTHORISED, ALLOTTED, CALLED UP AND FULLY PAID


1,251,000 Ordinary A shares of £0.001 each
1,251
2,775,000 Ordinary B shares of £0.001 each
2,775

4,026


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. 


Page 7