Registered number
08078186
EATS EVERYTHING LTD
Filleted Accounts
31 October 2023
EATS EVERYTHING LTD
Registered number: 08078186
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,916 4,895
Investments 4 100 100
6,016 4,995
Current assets
Debtors 5 112,033 204,676
Cash at bank and in hand 50,042 134,876
162,075 339,552
Creditors: amounts falling due within one year 6 (141,687) (233,059)
Net current assets 20,388 106,493
Total assets less current liabilities 26,404 111,488
Provisions for liabilities (1,135) (941)
Net assets 25,269 110,547
Capital and reserves
Called up share capital 2 2
Profit and loss account 25,267 110,545
Shareholders' funds 25,269 110,547
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.
D S Pearce
Director
Approved by the board on 8 January 2024
EATS EVERYTHING LTD
Notes to the Accounts
for the year ended 31 October 2023
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:
Computer & Office Equipment 25% Reducing Balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2023 2022
UK Corporation Tax £54,650 £66,122
Current Tax Charge £54,650 £66,122
WHT Unrelievable £4,661 £21,687
Previous Year Adjustment
Deferred Tax £194 (£310)
£59,505 £87,499
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022 26,551
Additions 2,993
At 31 October 2023 29,544
Depreciation
At 1 November 2022 21,656
Charge for the year 1,972
At 31 October 2023 23,628
Net book value
At 31 October 2023 5,916
At 31 October 2022 4,895
4 Investments
Other
investments
£
Cost
At 1 November 2022 100
At 31 October 2023 100
Subsidiary Undertakings Ownership Capital
Edible ERM Ltd 100% £100
5 Debtors 2023 2022
£ £
Trade debtors 105,595 187,238
Other debtors 6,438 17,438
112,033 204,676
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 30,833 40,833
Trade creditors 84,606 141,187
Taxation and social security costs 23,683 48,406
Directors Loan Account 425 493
Accruals 2,140 2,140
141,687 233,059
7 Controlling party
The Company is controlled jointly by Mrs Leah & Mr Daniel Pearce
8 Other information
EATS EVERYTHING LTD is a private company limited by shares and incorporated in England. Its registered office is:
Raydean House
15 Western Parade
Barnet
Herts
EN5 1AH
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