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Registered number: 11986782

Eighty One UK Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/05/2021

Prepared By:
DBR Accounts Limited
Association of Chartered Certified Accountants
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT

Eighty One UK Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/05/2021
DIRECTORS
Peter Knoflach
REGISTERED OFFICE
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11986782
ACCOUNTANTS
DBR Accounts Limited
Association of Chartered Certified Accountants
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT

Eighty One UK Ltd

ACCOUNTS
FOR THEYEARENDED30/05/2021
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Eighty One UK Ltd

BALANCE SHEET AT 30/05/2021
20212020
Notes££
FIXED ASSETS
Tangible assets31,374-
CURRENT ASSETS
Stock49,766-
Debtors5253102,055
Cash at bank and in hand46627,829
50,485129,884
CREDITORS: Amounts falling due within one year6258,747153,222
NET CURRENT LIABILITIES(208,262)(23,338)
TOTAL ASSETS LESS CURRENT LIABILITIES(206,888)(23,338)
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account(206,988)(23,438)
SHAREHOLDERS' FUNDS(206,888)(23,338)
For the year ending 30/05/2021 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 09/08/2022 and signed on their behalf by
.............................
Peter Knoflach
Director

Eighty One UK Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/05/2021
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
These financial statements have been prepared on the going concern basis despite the losses that have been built. The director intends to support the company financially in the forseeable future and for not less than at least the next 12 months.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipment 25%
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20212020
No.No.
Average number of employees11

Eighty One UK Ltd

3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
Additions1,7351,735
At 30/05/20211,7351,735
Depreciation
For the year361361
At 30/05/2021361361
Net Book Amounts
At 30/05/20211,3741,374
4. STOCK 20212020
££
Stock comprises:
Stock49,766-
49,766-
5. DEBTORS 20212020
££
Amounts falling due within one year
VAT253336
Other debtors-3,830
Prepayments-97,789
253101,955
Amounts falling due over more than one year
Called Up Share Capital Not Paid Not Expressed As Current Asset-100
-100
253102,055

Eighty One UK Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20212020
££
Directors current account32,72351
Loans50,00040,000
Trade creditors6,34418,528
Other creditors168,240-
Accruals1,4405,000
Deferred income-89,643
258,747153,222
7. SHARE CAPITAL 20212020
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
8. RELATED PARTY TRANSACTIONS
At the balance sheet date the company owed £166,971 to Racing Heroes Ltd, a related party by virtue of being under common control. These transactions are considered to be at arms length and are repayable on demand.