Company registration number 02789450 (England and Wales)
Estay Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 January 2025
PAGES FOR FILING WITH REGISTRAR
Estay Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
Estay Limited
Balance Sheet
as at 31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
18,605
27,877
Investments
5
10,880
10,880
29,485
38,757
Current assets
Stocks
97,119
140,963
Debtors
6
4,293
24,490
Cash at bank and in hand
185,250
197,028
286,662
362,481
Creditors: amounts falling due within one year
7
(45,313)
(87,314)
Net current assets
241,349
275,167
Total assets less current liabilities
270,834
313,924
Creditors: amounts falling due after more than one year
8
(6,667)
(16,667)
Net assets
264,167
297,257
Capital and reserves
Called up share capital
202
202
Capital redemption reserve
200
200
Profit and loss reserves
263,765
296,855
Total equity
264,167
297,257
Estay Limited
Balance Sheet (continued)
as at 31 January 2025
- 2 -

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

T he 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 18 September 2025 and are signed on its behalf by:
Mrs D E Brazil
Director
Company registration number 02789450 (England and Wales)
Estay Limited
Notes to the financial statements
for the year ended 31 January 2025
- 3 -
1
Accounting policies
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.

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.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which was one year from 2006.

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
Straight line over the life of the lease
Plant and equipment
33% on cost and 10% on reducing balance
Fixtures and fittings
15% on reducing balance
Motor vehicles
25% on cost

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.

Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Estay Limited
Notes to the financial statements (continued)
for the year ended 31 January 2025
1
Accounting policies
(continued)
- 4 -
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

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.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
10
13
Estay Limited
Notes to the financial statements (continued)
for the year ended 31 January 2025
- 5 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 February 2024 and 31 January 2025
31,500
Amortisation and impairment
At 1 February 2024 and 31 January 2025
31,500
Carrying amount
At 31 January 2025
-
0
At 31 January 2024
-
0
4
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 February 2024
25,215
3,666
18,996
34,801
82,678
Disposals
(25,215)
-
0
(5,692)
-
0
(30,907)
At 31 January 2025
-
0
3,666
13,304
34,801
51,771
Depreciation and impairment
At 1 February 2024
25,215
3,666
17,219
8,701
54,801
Depreciation charged in the year
-
0
-
0
212
8,700
8,912
Eliminated in respect of disposals
(25,215)
-
0
(5,332)
-
0
(30,547)
At 31 January 2025
-
0
3,666
12,099
17,401
33,166
Carrying amount
At 31 January 2025
-
0
-
0
1,205
17,400
18,605
At 31 January 2024
-
0
-
0
1,777
26,100
27,877
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
10,880
10,880
Estay Limited
Notes to the financial statements (continued)
for the year ended 31 January 2025
- 6 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
99
Other debtors
4,293
24,391
4,293
24,490
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,000
10,000
Trade creditors
2,814
11,399
Taxation and social security
6,407
15,775
Other creditors
26,092
50,140
45,313
87,314
8
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
6,667
16,667
9
Company information

Estay Limited is a private company limited by shares incorporated in England and Wales. The registered office is Townend House, 8 Springwell Court, Leeds, West Yorkshire, LS12 1AL.

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