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Registration number: 03589146

Essential Embroidery Design Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

Essential Embroidery Design Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 11

Essential Embroidery Design Ltd

Company Information

Directors | G Georgiou N Georgiou L Georgiou

Registered office | 590 Green Lanes Palmers Green London N13 5RY

Accountants | Thomas Alexander & Co Ltd 590 Green Lanes Palmers Green London N13 5RY

Essential Embroidery Design Ltd

(Registration number: 03589146)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 807,676 | 830,309
Investments | 5 | 1,844 | 1,844
|  | 809,520 | 832,153
Current assets |  |  |
Stocks | 6 | 465,912 | 743,759
Debtors | 7 | 1,227,233 | 1,411,368
Cash at bank and in hand |  | 699,790 | 840,818
|  | 2,392,935 | 2,995,945
Creditors: Amounts falling due within one year | 8 | (1,249,523) | (1,864,162)
Net current assets |  | 1,143,412 | 1,131,783
Total assets less current liabilities |  | 1,952,932 | 1,963,936
Creditors: Amounts falling due after more than one year | 8 | (169,273) | (148,589)
Provisions for liabilities |  | (183,223) | (181,780)
Net assets |  | 1,600,436 | 1,633,567
Capital and reserves |  |  |
Called up share capital | 9 | 100 | 100
Retained earnings |  | 1,600,336 | 1,633,467
Shareholders' funds |  | 1,600,436 | 1,633,567

Essential Embroidery Design Ltd

(Registration number: 03589146)
Balance Sheet as at 30 June 2025

For the financial year ending 30 June 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 January 2026 and signed on its behalf by:

......................................... G Georgiou Director

Essential Embroidery Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
590 Green Lanes
Palmers Green
London
N13 5RY

The principal place of business is:
Unit 1 (Unit 8) Aragon Park
Foster Avenue
Luton
Bedfordshire
LU5 5GN

These financial statements were authorised for issue by the Board on 7 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The entity is exempt from the requirement to prepare group accounts as it is a small group.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Essential Embroidery Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 8% Reducing balance method
Fixtures, fittings and equipment | 20% Reducing balance method
Leasehold property | 15% Straight line method
Motor Vehicles | 25% Reducing balance method

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Essential Embroidery Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Essential Embroidery Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 55 (2024 - 57).

Essential Embroidery Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Plant and machinery £ | Total £
Cost or valuation
At 1 July 2024 | 148,805 | 504,779 | 288,033 | 1,254,689 | 2,196,306
Additions | - | 24,800 | - | 114,461 | 139,261
Disposals | - | - | - | (37,300) | (37,300)
At 30 June 2025 | 148,805 | 529,579 | 288,033 | 1,331,850 | 2,298,267
Depreciation
At 1 July 2024 | 100,456 | 345,255 | 159,764 | 760,522 | 1,365,997
Charge for the year | 21,996 | 39,996 | 32,066 | 47,025 | 141,083
Eliminated on disposal | - | - | - | (16,489) | (16,489)
At 30 June 2025 | 122,452 | 385,251 | 191,830 | 791,058 | 1,490,591
Carrying amount
At 30 June 2025 | 26,353 | 144,328 | 96,203 | 540,792 | 807,676
At 30 June 2024 | 48,349 | 159,524 | 128,269 | 494,167 | 830,309

Included within the net book value of land and buildings above is £26,353 (2024 - £48,349) in respect of short leasehold land and buildings.

5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 1,844 | 1,844

Subsidiaries | £
Cost or valuation
At 1 July 2024 | 1,844
Provision
Carrying amount
At 30 June 2025 | 1,844
At 30 June 2024 | 1,844

Essential Embroidery Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Essential Workware & PPE Ltd | 590 Green Lanes, London, N13 RY UK | Ordinary shares | 100% | 100%
Essential Branding Europe S.R.L. | Bucuresti Sectorul 1, Calea Victorie, Nr 224, Bloc D5, Scara1, Etaj 6, Ap.22-23 Romania | Ordinary shares | 100% | 100%

Subsidiary undertakings
Essential Workware & PPE Ltd The principal activity of Essential Workware & PPE Ltd is Dormant .
Essential Branding Europe S.R.L. The principal activity of Essential Branding Europe S.R.L. is supply of coporate, promotional & workwear clothing. Its financial period end is 31 December. The profit for the financial period of Essential Branding Europe S.R.L. was £68,464 and the aggregate amount of Capital and reserves at the end of the period was £231,351.

Essential Embroidery Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

6 | Stocks

| 2025 £ | 2024 £
Finished goods & goods for resale | 465,912 | 743,759

7 | Debtors

| 2025 £ | 2024 £
Trade debtors | 1,106,624 | 1,289,700
Other debtors | 61,008 | 69,971
Prepayments | 59,601 | 51,697
| 1,227,233 | 1,411,368

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 52,408 | 93,843
Trade creditors |  | 900,414 | 1,330,635
Social security and other taxes |  | 174,477 | 209,027
Accruals |  | 64,379 | 94,911
Income tax liability |  | 57,845 | 135,746
|  | 1,249,523 | 1,864,162
Due after one year |  |  |
Loans and borrowings |  | 169,273 | 148,589

Creditors: amounts falling due after more than one year

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 60,000 | 70,000
HP and finance lease liabilities | 109,273 | 78,589
| 169,273 | 148,589

The bank borrowings are secured by a debenture over the company assets.

Essential Embroidery Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

9 | Share capital

Allotted, called up and fully paid shares

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

10 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of £2,410.00 (2024 - £2,500.00) per each Ordinary shares |  | 241,000 |  | 250,000

11 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £23,152 (2024 - £Nil).

12 | Related party transactions

Included in creditors is an amount of £400 (2024: £2596) owed to the directors of the company. Included in other debtors is an amount of £59,188 (2024: £59,188) owed from EED Properties Ltd, a company under common control. Also included in other debtors is an amount of £1819 (2024: £10,783) owed from Essential Branding Europe S.R.L., a wholly owned subsidiary.