Edward Thomas Interiors Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09772568

Edward Thomas Interiors Limited

Filleted Unaudited Abridged Financial Statements

31 March 2025

Edward Thomas Interiors Limited

Abridged Financial Statements

Year Ended 31 March 2025

Contents	Page

Abridged statement of financial position	1

Notes to the abridged financial statements	3

Edward Thomas Interiors Limited

Abridged Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed Assets

Tangible assets	5		2,498,265	231,800

Current Assets

Stocks	332,522	385,412
Debtors	1,413,007	1,162,684
Cash at bank and in hand	687,308	802,799
	------------	------------
	2,432,837	2,350,895

Creditors: amounts falling due within one year	2,793,388		1,967,586
	------------		------------
Net Current (Liabilities)/Assets		( 360,551)	383,309
		------------	---------
Total Assets Less Current Liabilities		2,137,714	615,109

Creditors: amounts falling due after more than one year		1,603,884	165,104

Provisions	25,852	19,097
	------------	---------
Net Assets	507,978	430,908
	------------	---------

Capital and Reserves

Called up share capital	7	100	100
Profit and loss account		507,878	430,808
		---------	---------
Shareholders Funds		507,978	430,908
		---------	---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

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

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

Edward Thomas Interiors Limited

Abridged Statement of Financial Position (continued)

31 March 2025

These abridged financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Mr S E Hird

Director

Company registration number: 09772568

Edward Thomas Interiors Limited

Notes to the Abridged Financial Statements

Year Ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Woolaston Road, Redditch, B98 7SG.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	Nil
Plant and machinery	-	25% straight line
Fixtures, fittings and Office equipment	-	20% straight line
Motor vehicles	-	25% Straight line / 25% Reducing balance
Computer equipment	-	33% straight line

In determining the residual value of freehold buildings the directors have considered the amount they would currently obtain from disposal of the asset, if the asset were already of the age and condition expected at the end of its useful life. As a result the directors estimate any depreciation charge to be immaterial and as such the depreciation charge is nil for the period.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the abridged statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 42 (2024: 35 ).

5. Tangible assets

	£
Cost
At 1 April 2024	526,583
Additions	2,344,494
	------------
At 31 March 2025	2,871,077
	------------
Depreciation
At 1 April 2024	294,783
Charge for the year	78,029
	------------
At 31 March 2025	372,812
	------------
Carrying amount
At 31 March 2025	2,498,265
	------------
At 31 March 2024	231,800
	------------

6. Secured liabilities

The aggregate amount of secured liabilities, secured on the assets of the company at the year end were £3,127,617 (2024: £923,242).

7. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

8. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	57,681	59,157
Later than 1 year and not later than 5 years	–	58,788
	--------	---------
	57,681	117,945
	--------	---------

9. Directors' advances, credits and guarantees

During the year, the directors had interest-free loans from the company as follows:

	B/Fwd	Repaid	Advanced	C/Fwd
	£	£	£	£
Mr S Hird			6,100	6,100
Mr A Richardson			6,100	6,100

10. Related party transactions

During the period balances were outstanding between the company and its related parties. Amounts due from/(to) the related companies:

	2025	2024
	£	£
Amounts owed by entities under common control	203,008	348,008

All outstanding balances with related parties are unsecured, interest free, and payable on demand.