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REGISTERED NUMBER: 09655104 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Everything Goes Bang Limited

Everything Goes Bang Limited (Registered number: 09655104)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Everything Goes Bang Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr A Vardy
Miss S M Stewart





REGISTERED OFFICE: Solent House
107a Alma Road
Southampton
SO14 6UY





REGISTERED NUMBER: 09655104 (England and Wales)





ACCOUNTANTS: Thomas Croft Limited
Accountants And Taxation Consultants
Solent House
107a Alma Road
Portswood
Southampton
Hampshire
SO14 6UY

Everything Goes Bang Limited (Registered number: 09655104)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,634 3,634
Tangible assets 5 5,554 7,892
9,188 11,526

CURRENT ASSETS
Stocks 111,263 103,267
Debtors 6 218 2,645
Cash at bank 3,998 2,175
115,479 108,087
CREDITORS
Amounts falling due within one year 7 90,051 97,051
NET CURRENT ASSETS 25,428 11,036
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,616

22,562

CREDITORS
Amounts falling due after more than one
year

8

28,264

33,333
NET ASSETS/(LIABILITIES) 6,352 (10,771 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 6,252 (10,871 )
SHAREHOLDERS' FUNDS 6,352 (10,771 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

Everything Goes Bang Limited (Registered number: 09655104)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2024 and were signed on its behalf by:





Mr A Vardy - Director


Everything Goes Bang Limited (Registered number: 09655104)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Everything Goes Bang 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.

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.

Legal fees are being amortised evenly over their estimated useful life of nil years.

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 - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Everything Goes Bang Limited (Registered number: 09655104)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INTANGIBLE FIXED ASSETS
Legal
fees
£   
COST
At 1 July 2022
and 30 June 2023 3,634
NET BOOK VALUE
At 30 June 2023 3,634
At 30 June 2022 3,634

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 27,293 6,647 33,940
DEPRECIATION
At 1 July 2022 19,979 6,069 26,048
Charge for year 1,829 509 2,338
At 30 June 2023 21,808 6,578 28,386
NET BOOK VALUE
At 30 June 2023 5,485 69 5,554
At 30 June 2022 7,314 578 7,892

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
VAT - 2,620
Prepayments 218 25
218 2,645

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Taxation and social security 10,046 50
Other creditors 80,005 97,001
90,051 97,051

Everything Goes Bang Limited (Registered number: 09655104)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 28,264 33,333

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 July 2022 (10,871 )
Profit for the year 17,123
At 30 June 2023 6,252

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
Mr A Vardy
Balance outstanding at start of year (45,789 ) (3,162 )
Amounts advanced 44,160 13,242
Amounts repaid (26,664 ) (55,869 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (28,293 ) (45,789 )

Miss S M Stewart
Balance outstanding at start of year (34,312 ) (18,812 )
Amounts repaid (500 ) (15,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (34,812 ) (34,312 )

Everything Goes Bang Limited (Registered number: 09655104)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

12. RELATED PARTY DISCLOSURES

The company was under the control of Mr A Vardy and Miss K Stewart throughout the current period. Mr A Vardy and Miss K Stewart are the managing directors and majority shareholders.

During the year Kiwi Audio Limited loaned £14,700 (2022: £16,000) to the company. Miss K Stewart is the managing director and majority shareholder of this company.