Company Registration No. 3259117 (England and Wales)
Essence Design Limited
Unaudited accounts
for the year ended 31 October 2025
Essence Design Limited
Statement of financial position
as at 31 October 2025
Tangible assets
19,995
18,610
Cash at bank and in hand
19,827
30,892
Creditors: amounts falling due within one year
(12,375)
(26,545)
Net current assets
19,305
29,467
Total assets less current liabilities
39,300
48,077
Provisions for liabilities
Deferred tax
(3,799)
(3,535)
Called up share capital
2
2
Profit and loss account
35,499
44,540
Shareholders' funds
35,501
44,542
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 May 2026 and were signed on its behalf by
Regine Wilber
Director
Company Registration No. 3259117
Essence Design Limited
Notes to the Accounts
for the year ended 31 October 2025
Essence Design Limited is a private company, limited by shares, registered in England and Wales, registration number 3259117.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Fixtures & fittings
15% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Essence Design Limited
Notes to the Accounts
for the year ended 31 October 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2024
12,948
64,743
77,691
Additions
1,863
2,791
4,654
At 31 October 2025
14,811
67,534
82,345
At 1 November 2024
8,833
50,248
59,081
Charge for the year
711
2,558
3,269
At 31 October 2025
9,544
52,806
62,350
At 31 October 2025
5,267
14,728
19,995
At 31 October 2024
4,115
14,495
18,610
Amounts falling due within one year
Trade debtors
11,653
24,920
Accrued income and prepayments
200
200
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
6,375
7,542
Loans from directors
3,044
12,473
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).