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COMPANY REGISTRATION NUMBER: 08525656
EESA.K LTD
Filleted Unaudited Financial Statements
31 May 2023
EESA.K LTD
Statement of Financial Position
31 May 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
70,422
71,387
Current assets
Stocks
30,000
Debtors
6
978
Cash at bank and in hand
1,387
1,635
-------
--------
1,387
32,613
Creditors: amounts falling due within one year
7
126,272
97,375
---------
--------
Net current liabilities
124,885
64,762
---------
--------
Total assets less current liabilities
( 54,463)
6,625
--------
-------
Net (liabilities)/assets
( 54,463)
6,625
--------
-------
EESA.K LTD
Statement of Financial Position (continued)
31 May 2023
2023
2022
Note
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 54,563)
6,525
--------
-------
Shareholders (deficit)/funds
( 54,463)
6,625
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 19 February 2024 , and are signed on behalf of the board by:
Mr M J Antoine
Director
Company registration number: 08525656
EESA.K LTD
Notes to the Financial Statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 46 The Ridgeway, North Harrow, Middlesex, HA2 7QN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
As disclosed in the Statement of Financial Position on page 3, the company has a deficit of net assets. Of the creditors, £62,235 is owed to the director who has confirmed that no repayment would be demanded at least for the next twelve months. The director has considered the trading requirements of the company for the period exceeding twelve months from the date of this report. Having regard to the above therefore, it is the opinion of the director that the accounts be prepared on the going concern basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2022: 2 ).
5. Tangible assets
Long leasehold property
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 June 2022 and 31 May 2023
68,367
6,541
5,000
79,908
--------
-------
-------
--------
Depreciation
At 1 June 2022
3,801
4,720
8,521
Charge for the year
685
280
965
--------
-------
-------
--------
At 31 May 2023
4,486
5,000
9,486
--------
-------
-------
--------
Carrying amount
At 31 May 2023
68,367
2,055
70,422
--------
-------
-------
--------
At 31 May 2022
68,367
2,740
280
71,387
--------
-------
-------
--------
6. Debtors
2023
2022
£
£
Other debtors
978
----
----
7. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
70
Other creditors
126,272
97,305
---------
--------
126,272
97,375
---------
--------
8. Charges
A bank loan to an associated company is secured against the companies assets and negative pledge.