REGISTERED NUMBER: 04352031 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Essential Supplies Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Weaver

Mrs J Weaver

Mrs S J Weaver

SECRETARY:

Mrs S J Weaver

REGISTERED OFFICE:

Unit 10

Millway

Old Mill Lane Industrial Estate

Mansfield Woodhouse

Nottinghamshire

NG19 9BG

REGISTERED NUMBER:

04352031 (England and Wales)

FIXED ASSETS

Tangible assets

4

167,649

172,708

CURRENT ASSETS

Stocks

33,469

26,775

Debtors

5

78,064

102,228

Cash at bank and in hand

128,368

69,460

239,901

198,463

CREDITORS

Amounts falling due within one year

6

130,656

93,789

NET CURRENT ASSETS

109,245

104,674

TOTAL ASSETS LESS CURRENT LIABILITIES

276,894

277,382

PROVISIONS FOR LIABILITIES

21,160

23,114

NET ASSETS

255,734

254,268

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

254,734

253,268

SHAREHOLDERS' FUNDS

255,734

254,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

M Weaver - Director

1.	STATUTORY INFORMATION

Essential Supplies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

Straight line over 10 years

Equipment and containers

-

20% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

Fixtures

Short

and

and

leasehold

containers

fittings

£

£

£

COST

At 1 February 2024

108,680

27,612

86,770

Additions

-

1,186

1,208

At 31 January 2025

108,680

28,798

87,978

DEPRECIATION

At 1 February 2024

31,000

17,649

48,303

Charge for year

5,434

2,230

4,199

At 31 January 2025

36,434

19,879

52,502

NET BOOK VALUE

At 31 January 2025

72,246

8,919

35,476

At 31 January 2024

77,680

9,963

38,467

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2024

140,911

2,952

366,925

Additions

21,495

-

23,889

At 31 January 2025

162,406

2,952

390,814

DEPRECIATION

At 1 February 2024

95,044

2,221

194,217

Charge for year

16,841

244

28,948

At 31 January 2025

111,885

2,465

223,165

NET BOOK VALUE

At 31 January 2025

50,521

487

167,649

At 31 January 2024

45,867

731

172,708

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

72,064

65,653

Other debtors

6,000

36,575

78,064

102,228

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

102,938

62,694

Taxation and social security

25,467

29,186

Other creditors

2,251

1,909

130,656

93,789

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

M Weaver and Mrs S J Weaver

Balance outstanding at start of year

28,325

-

Amounts advanced

-

28,325

Amounts repaid

(28,325

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

28,325

8.	RELATED PARTY DISCLOSURES

The company trades from premises owned by 2 of the 3 company directors. Rents totalling £27,500 (2024 - £24,500) was charged during the course of the year.