Essentialgroup Ltd. - Filleted accounts

Essentialgroup Ltd.
Registered number:		07560020
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		2,453			4,070

Current assets
Debtors	4	11,215			17,984
Cash at bank and in hand		26,289			53,023
		37,504			71,007

Creditors: amounts falling due within one year	5	(43,690)			(27,230)

Net current assets			(6,186)			43,777

Total assets less current liabilities			(3,733)			47,847

Creditors: amounts falling due after more than one year	6		(3,402)			(13,355)

Net assets			(7,135)			34,492

Capital and reserves
Called up share capital			100			100
Profit and loss account			(7,235)			34,392

Shareholders' funds			(7,135)			34,492

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Mr M. R. Hodges
Director
Approved by the board on 28 November 2025

Essentialgroup Ltd.
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and office equipment	33% straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	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.

	Creditors
	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.











	Taxation
	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 is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		4



3	Tangible fixed assets
		Plant and office equipment		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	28,173		40,835		69,008
	Additions	517		-		517
	At 31 March 2025	28,690		40,835		69,525

	Depreciation
	At 1 April 2024	24,103		40,835		64,938
	Charge for the year	2,134		-		2,134
	At 31 March 2025	26,237		40,835		67,072

	Net book value
	At 31 March 2025	2,453		-		2,453
	At 31 March 2024	4,070		-		4,070



4	Debtors			2025		2024
£					£

	Trade debtors			11,215		-
	Other debtors			-		17,984
				11,215		17,984






5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			9,064		9,064
	Trade creditors			12,333		10,655
	Corporation tax			2,960		-
	Other taxes and social security costs			12,963		612
	Other creditors			6,370		6,899
				43,690		27,230


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			3,402		13,355


7	Other information

	Essentialgroup Ltd. is a private company limited by shares and incorporated in England. Its registered office is:

	7 Daisyfields
	Burgess Hill
	West Sussex
	RH15 0YB