REGISTERED NUMBER: SC632576 (Scotland)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

1 EW Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

E Wallace

REGISTERED OFFICE:

125 Corstorphine Road

Edinburgh

EH12 5PZ

REGISTERED NUMBER:

SC632576 (Scotland)

ACCOUNTANTS:

One Accounting Ltd

Chartered Management Accountants

Drumsheugh Toll

2 Belford Road

Edinburgh

Midlothian

EH4 3BL

FIXED ASSETS

Intangible assets

4

40,000

50,000

Tangible assets

5

3,600

3,033

43,600

53,033

CURRENT ASSETS

Stocks

7,000

8,000

Debtors

6

108

-

Cash at bank and in hand

167,136

143,844

174,244

151,844

CREDITORS

Amounts falling due within one year

7

100,282

105,949

NET CURRENT ASSETS

73,962

45,895

TOTAL ASSETS LESS CURRENT LIABILITIES

117,562

98,928

CREDITORS

Amounts falling due after more than one year

8

(21,354

)

(26,806

)

PROVISIONS FOR LIABILITIES

(900

)

(758

)

NET ASSETS

95,308

71,364

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

95,307

71,363

95,308

71,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 29 September 2025 and were signed by:

E Wallace - Director

1.	STATUTORY INFORMATION

1 EW Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the excess of the consideration transferred over the fair value of the acquired assets and assumed liabilities in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of 10 years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipments

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties. Debt instruments, including loans and other accounts receivable and payable are initially measured at transaction price adjusted for transaction costs. They are subsequently recognised at amortised costs using the effective interest method.

Creditors payable within one year, typically trade payables, are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid. Debtors receivable within one year, typically trade receivables, are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to be received.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

and 30 June 2025

100,000

AMORTISATION

At 1 July 2024

50,000

Charge for year

10,000

At 30 June 2025

60,000

NET BOOK VALUE

At 30 June 2025

40,000

At 30 June 2024

50,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipments

Totals

£

£

£

£

COST

At 1 July 2024

6,120

634

2,767

9,521

Additions

-

623

833

1,456

At 30 June 2025

6,120

1,257

3,600

10,977

DEPRECIATION

At 1 July 2024

4,115

84

2,289

6,488

Charge for year

401

141

347

889

At 30 June 2025

4,516

225

2,636

7,377

NET BOOK VALUE

At 30 June 2025

1,604

1,032

964

3,600

At 30 June 2024

2,005

550

478

3,033

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Prepayments and accrued income

108

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

5,452

5,452

Trade creditors

2,731

5,080

Tax

15,301

8,524

Social security and other taxes

1,118

725

VAT

14,100

11,340

Other creditors

587

831

Directors' current accounts

58,821

72,116

Accrued expenses

2,172

1,881

100,282

105,949

The director's loans to the company are unsecured, interest free and repayable on demand.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans - 2-5 years

21,354

21,808

Bank loans more 5 yr by instal

-

4,998

21,354

26,806

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

4,998

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £23,000 (2024 - £25,000) were paid to the director .