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REGISTERED NUMBER: 04877964 (England and Wales)









Financial Statements

for the Year Ended 31 August 2021

for

2E Effects Limited

2E Effects Limited (Registered number: 04877964)






Contents of the Financial Statements
for the Year Ended 31 August 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


2E Effects Limited

Company Information
for the Year Ended 31 August 2021







DIRECTORS: K Tuohy
D Tuohy





SECRETARY: J L Tuohy





REGISTERED OFFICE: 45 Pemberton Road
East Moseley
Surrey
KT8 9LG





REGISTERED NUMBER: 04877964 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

2E Effects Limited (Registered number: 04877964)

Statement of Financial Position
31 August 2021

2021 2020
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 10,188 17,363

CURRENT ASSETS
Debtors 5 381,183 223,315
Cash at bank 930,830 763,884
1,312,013 987,199
CREDITORS
Amounts falling due within one year 6 (174,306 ) (100,124 )
NET CURRENT ASSETS 1,137,707 887,075
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,147,895

904,438

PROVISIONS FOR LIABILITIES (1,548 ) (2,826 )
NET ASSETS 1,146,347 901,612

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 1,146,246 901,511
SHAREHOLDERS' FUNDS 1,146,347 901,612

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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 30 January 2022 and were signed on its behalf by:





D Tuohy - Director


2E Effects Limited (Registered number: 04877964)

Notes to the Financial Statements
for the Year Ended 31 August 2021

1. STATUTORY INFORMATION

2E Effects 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 represents the invoiced value of goods and services supplied by the company, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 10% on cost
Fixtures and fittings - 33.33% on cost
Motor vehicles - 25% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

2E Effects Limited (Registered number: 04877964)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2021

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 September 2020 150,768
Additions 4,000
At 31 August 2021 154,768
DEPRECIATION
At 1 September 2020 133,405
Charge for year 11,175
At 31 August 2021 144,580
NET BOOK VALUE
At 31 August 2021 10,188
At 31 August 2020 17,363

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 42,336 1,020
Other debtors 338,847 222,295
381,183 223,315

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 12,984 33,346
Taxation and social security 158,525 63,979
Other creditors 2,797 2,799
174,306 100,124

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2021 and 31 August 2020:

2021 2020
£    £   
D Tuohy
Balance outstanding at start of year 105,746 107,879
Amounts advanced 38,749 -
Amounts repaid - (2,133 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 144,495 105,746