Registered number
12129506
EGIN RESEARCH LTD
Filleted Accounts
31 December 2022
EGIN RESEARCH LTD
Registered number: 12129506
Balance Sheet
as at 31 December 2022
Notes 31/12/22 31/7/22
£ £
Fixed assets
Tangible assets 3 11,385 12,096
Current assets
Debtors 4 1,000 6,417
Cash at bank and in hand 84,572 8,418
109,350 38,613
Creditors: amounts falling due within one year 5 (50,630) (48,263)
Net current assets/(liabilities) 58,720 (9,650)
Total assets less current liabilities 70,105 2,446
Creditors: amounts falling due after more than one year 6 (12,926) (12,000)
Net assets/(liabilities) 57,179 (9,554)
Capital and reserves
Called up share capital 3 3
Profit and loss account 57,176 (9,557)
Shareholders' funds 57,179 (9,554)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sivagami Muthiah
Director
Approved by the board on 13 November 2023
EGIN RESEARCH LTD
Notes to the Accounts
for the period from 1 August 2022 to 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 31/12/22 31/7/22
Number Number
Average number of persons employed by the company 2 0
3 Tangible fixed assets
Office renovations Office equipment Total
£ £ £
Cost
At 1 August 2022 12,067 2,162 14,229
At 31 December 2022 12,067 2,162 14,229
Depreciation
At 1 August 2022 1,809 324 2,133
Charge for the period 603 108 711
At 31 December 2022 2,412 432 2,844
Net book value
At 31 December 2022 9,655 1,730 11,385
At 31 July 2022 10,258 1,838 12,096
4 Debtors 31/12/22 31/7/22
£ £
Rent deposit 1,000 1,000
VAT control - 5,417
1,000 6,417
5 Creditors: amounts falling due within one year 31/12/22 31/7/22
£ £
Trade creditors - -
6 Creditors: amounts falling due after one year 31/12/22 31/7/22
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 12,000 12,000
7 Other information
EGIN RESEARCH LTD is a private company limited by shares and incorporated in England. Its registered office is:
1st Floor, Suite C, Apollo Centre
Desborough Road
High Wycombe
Bucks
HP11 2QW
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