Company registration number 06890672 (England and Wales)
EMPIRE INDUSTRIAL DOORS LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
EMPIRE INDUSTRIAL DOORS LTD
COMPANY INFORMATION
Directors
David Bundy
Andrew Wilson
Company number
06890672
Registered office
Unit 41
South Hampshire Industrial Estate
Brunel Road
Totton
Hampshire
SO40 3SA
Accountants
Xeinadin South East Limited
12 Conqueror Court
Sittingbourne
Kent
United Kingdom
ME10 5BH
EMPIRE INDUSTRIAL DOORS LTD
CONTENTS
Page
Directors' report
1
Accountants' report
2
Balance sheet
3 - 4
Notes to the financial statements
5 - 9
EMPIRE INDUSTRIAL DOORS LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2025
- 1 -
The directors present their annual report and financial statements for the year ended 30 April 2025.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
David Bundy
Andrew Wilson
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
David Bundy
Andrew Wilson
Director
Director
21 July 2025
EMPIRE INDUSTRIAL DOORS LTD
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF EMPIRE INDUSTRIAL DOORS LTD FOR THE YEAR ENDED 30 APRIL 2025
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Empire Industrial Doors Ltd for the year ended 30 April 2025 which comprise, the balance sheet 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 in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Empire Industrial Doors Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Empire Industrial Doors Ltd and state those matters that we have agreed to state to the board of directors of Empire Industrial Doors Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Empire Industrial Doors Ltd and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Empire Industrial Doors Ltd 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 Empire Industrial Doors Ltd. You consider that Empire Industrial Doors Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Empire Industrial Doors Ltd. 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.
Xeinadin South East Limited
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH
United Kingdom
21 July 2025
EMPIRE INDUSTRIAL DOORS LTD
BALANCE SHEET
AS AT 30 APRIL 2025
30 April 2025
- 3 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
750,404
139,320
Current assets
Debtors
5
978,484
965,284
Cash at bank and in hand
381,952
417,446
1,360,436
1,382,730
Creditors: amounts falling due within one year
6
(574,787)
(613,556)
Net current assets
785,649
769,174
Total assets less current liabilities
1,536,053
908,494
Creditors: amounts falling due after more than one year
7
(278,508)
(16,130)
Provisions for liabilities
(52,955)
(34,830)
Net assets
1,204,590
857,534
Capital and reserves
Called up share capital
104
104
Profit and loss reserves
1,204,486
857,430
Total equity
1,204,590
857,534
EMPIRE INDUSTRIAL DOORS LTD
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2025
30 April 2025
- 4 -
For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 21 July 2025 and are signed on its behalf by:
David Bundy
Andrew Wilson
Director
Director
Company registration number 06890672 (England and Wales)
EMPIRE INDUSTRIAL DOORS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 5 -
1
Accounting policies
Company information
Empire Industrial Doors Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 41, South Hampshire Industrial Estate, Brunel Road, Totton, Hampshire, SO40 3SA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.
When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings
10% Reducing Balance
Plant and equipment
15% Reducing Balance
Fixtures and fittings
15% Reducing Balance
Office equipment
20% Reducing Balance
Motor vehicles
25% Reducing Balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
EMPIRE INDUSTRIAL DOORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 6 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.5
Retirement benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
1.6
Leases
As lessee
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
1.7
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
EMPIRE INDUSTRIAL DOORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 7 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
13
13
3
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
150,094
154,269
Deferred tax
Origination and reversal of timing differences
18,125
12,077
Total tax charge
168,219
166,346
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period
Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25%effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
EMPIRE INDUSTRIAL DOORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 8 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 May 2024
6,580
235,794
242,374
Additions
629,874
19,585
649,459
Disposals
(6,580)
(6,580)
At 30 April 2025
629,874
255,379
885,253
Depreciation and impairment
At 1 May 2024
6,580
96,474
103,054
Depreciation charged in the year
4,902
33,473
38,375
Eliminated in respect of disposals
(6,580)
(6,580)
At 30 April 2025
4,902
129,947
134,849
Carrying amount
At 30 April 2025
624,972
125,432
750,404
At 30 April 2024
139,320
139,320
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
307,483
310,797
Other debtors
649,233
647,883
Prepayments and accrued income
21,768
6,604
978,484
965,284
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
21,802
Trade creditors
172,933
188,202
Taxation and social security
205,345
246,899
Other creditors
174,707
178,455
574,787
613,556
EMPIRE INDUSTRIAL DOORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
6
Creditors: amounts falling due within one year
(Continued)
- 9 -
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
269,079
Other creditors
9,429
16,130
278,508
16,130
8
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
David Bundy -
-
(3,193)
400
(1,260)
(4,053)
Andrew Wilson -
-
(308)
400
(1,260)
(1,168)
(3,501)
800
(2,520)
(5,221)
9
Related party transaction
At the year end Empire Industrial Properties LTD owed the company £649,233 (2024: £647,883)
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