Emporium Collective Ltd

Emporium Collective Ltd
Statement of Financial Position
As at 31 May 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	15,733	20,979
		15,733	20,979
Current assets
Stocks	4	19,513	18,438
Cash at bank and in hand		32,258	53,004
		51,771	71,442
Creditors: amount falling due within one year	5	(55,719)	(37,292)
Net current assets		(3,948)	34,150

Total assets less current liabilities		11,785	55,129
Creditors: amount falling due after more than one year	6	(10,068)	(20,717)
Provisions for liabilities	7	(5,314)	(5,314)
Net assets		(3,597)	29,098

Capital and reserves
Called up share capital	8	5	5
Profit and loss account		(3,602)	29,093
Shareholders' funds		(3,597)	29,098

For the year ended 31 May 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.
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.

These 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 income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 06 May 2026 and were signed on its behalf by:

-------------------------------
Patricia Therese O'Callaghan
Director

Emporium Collective Ltd
Notes to the Financial Statements
For the year ended 31 May 2025

General Information

Emporium Collective Ltd is a private company, limited by shares, registered in England and Wales, registration number 09834671, registration address Penny Lane Business Centre, 374 Smithdown Road, Liverpool, Merseyside, L15 5AN.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

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

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Fixtures and Fittings	25% Reducing Balance
Computer Equipment	25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 18 (2024 : 13).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£
At 01 June 2024	15,093	62,274	1,590	78,957
Additions	-	-	-	-
Disposals	-	-	-	-
At 31 May 2025	15,093	62,274	1,590	78,957
Depreciation
At 01 June 2024	12,822	43,792	1,364	57,978
Charge for year	568	4,621	57	5,246
On disposals	-	-	-	-
At 31 May 2025	13,390	48,413	1,421	63,224
Net book values
Closing balance as at 31 May 2025	1,703	13,861	169	15,733
Opening balance as at 01 June 2024	2,271	18,482	226	20,979

Stocks

	2025 £		2024 £
Stocks	19,513		18,438
	19,513		18,438

Creditors: amount falling due within one year

	2025 £	2024 £
Corporation Tax	57	6,496
PAYE & Social Security	1,215	795
Accrued Expenses	750	750
Directors' Current Accounts	44,156	11,631
VAT	9,541	17,620
	55,719	37,292

Creditors: amount falling due after more than one year

	2025 £		2024 £
Bank Loans & Overdrafts	10,068		20,717
	10,068		20,717

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	5,314		5,314
	5,314		5,314

Share Capital

Authorised
5 Ordinary shares of £1.00 each

Allotted, called up and fully paid	2025 £		2024 £
5 Ordinary shares of £1.00 each	5		5
	5		5

Registered Number: 09834671
England and Wales
Filleted Accounts

for the year ended 31 May 2025
for
EMPORIUM COLLECTIVE LTD