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REGISTERED NUMBER: SC598943 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Eeek! Escape Rooms Ltd

Eeek! Escape Rooms Ltd (Registered number: SC598943)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eeek! Escape Rooms Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mrs Eleanor Hair





REGISTERED OFFICE: 24 Sandyford Place
Top Floor Premises
Glasgow
G3 7NG





REGISTERED NUMBER: SC598943 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Eeek! Escape Rooms Ltd (Registered number: SC598943)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 318 741
Tangible assets 5 40,925 51,671
41,243 52,412

CURRENT ASSETS
Debtors 6 2,906 1,777
Cash at bank 6,345 21,043
9,251 22,820
CREDITORS
Amounts falling due within one year 7 753 1,008
NET CURRENT ASSETS 8,498 21,812
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,741

74,224

CREDITORS
Amounts falling due after more than one
year

8

85,736

85,738
NET LIABILITIES (35,995 ) (11,514 )

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings (35,998 ) (11,517 )
SHAREHOLDERS' FUNDS (35,995 ) (11,514 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Eeek! Escape Rooms Ltd (Registered number: SC598943)

Balance Sheet - continued
31 March 2023


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 director and authorised for issue on 12 October 2023 and were signed by:





Mrs Eleanor Hair - Director


Eeek! Escape Rooms Ltd (Registered number: SC598943)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Eeek! Escape Rooms Ltd is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost
Fittings and equipment - 20% on reducing balance

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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 balance sheet date.


Eeek! Escape Rooms Ltd (Registered number: SC598943)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 April 2022
and 31 March 2023 2,116
AMORTISATION
At 1 April 2022 1,375
Amortisation for year 423
At 31 March 2023 1,798
NET BOOK VALUE
At 31 March 2023 318
At 31 March 2022 741

Eeek! Escape Rooms Ltd (Registered number: SC598943)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Fittings
Short and
leasehold equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 4,658 65,462 70,120
DEPRECIATION
At 1 April 2022 1,607 16,842 18,449
Charge for year 932 9,814 10,746
At 31 March 2023 2,539 26,656 29,195
NET BOOK VALUE
At 31 March 2023 2,119 38,806 40,925
At 31 March 2022 3,051 48,620 51,671

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors - 377
Other debtors 1,400 1,400
1,400 1,777

Amounts falling due after more than one year:
Other debtors 1,506 -

Aggregate amounts 2,906 1,777

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security (207 ) 48
Other creditors 960 960
753 1,008

Eeek! Escape Rooms Ltd (Registered number: SC598943)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Other creditors 85,736 85,738

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
3 Ordinary 1 3 3