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REGISTERED NUMBER: 02400599 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Eyedot (Europe) Limited

Eyedot (Europe) Limited (Registered number: 02400599)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Eyedot (Europe) Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mr C G Huntley





REGISTERED OFFICE: Unit 5
Devizes Trade Centre
Hopton Park
Devizes
Wiltshire
SN10 2EH





REGISTERED NUMBER: 02400599 (England and Wales)

Eyedot (Europe) Limited (Registered number: 02400599)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,185 33,034
Investment property 5 154,539 154,539
175,724 187,573

CURRENT ASSETS
Debtors 6 58,064 131,333
Cash at bank 257,288 58,093
315,352 189,426
CREDITORS
Amounts falling due within one year 7 165,804 39,650
NET CURRENT ASSETS 149,548 149,776
TOTAL ASSETS LESS CURRENT
LIABILITIES

325,272

337,349

PROVISIONS FOR LIABILITIES (1,866 ) (3,142 )

ACCRUALS AND DEFERRED INCOME - (2,000 )
NET ASSETS 323,406 332,207

CAPITAL AND RESERVES
Called up share capital 8 104 104
Retained earnings 323,302 332,103
SHAREHOLDERS' FUNDS 323,406 332,207

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 November 2023 and were signed by:





Mr C G Huntley - Director


Eyedot (Europe) Limited (Registered number: 02400599)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Eyedot (Europe) 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on straight line basis
Fixtures and fittings - 20% on straight line basis
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on straight line basis

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Eyedot (Europe) Limited (Registered number: 02400599)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 65,136 16,872 23,000 19,809 124,817
Additions 317 - - 1,560 1,877
Disposals (9,000 ) - - - (9,000 )
At 28 February 2023 56,453 16,872 23,000 21,369 117,694
DEPRECIATION
At 1 March 2022 43,021 16,463 15,463 16,836 91,783
Charge for year 4,917 295 1,508 2,006 8,726
Eliminated on disposal (4,000 ) - - - (4,000 )
At 28 February 2023 43,938 16,758 16,971 18,842 96,509
NET BOOK VALUE
At 28 February 2023 12,515 114 6,029 2,527 21,185
At 28 February 2022 22,115 409 7,537 2,973 33,034

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 154,539
NET BOOK VALUE
At 28 February 2023 154,539
At 28 February 2022 154,539

At the balance sheet date, the directors have reviewed the open market value of the property and have determined that the value does not materially differ from it's initial cost.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 52,764 130,008
Prepayments 5,300 1,325
58,064 131,333

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 14,710 14,909
Tax 6,648 11,540
Social security and other taxes 34,995 5,043
VAT 48,640 7,603
Other creditors 1,089 555
Accrued expenses 59,722 -
165,804 39,650

Eyedot (Europe) Limited (Registered number: 02400599)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 A Shares £1 100 100
4 B Shares £1 4 4
104 104