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Company No: 03853277 (England and Wales)

ETHOS VO LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

ETHOS VO LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

ETHOS VO LIMITED

BALANCE SHEET

As at 30 November 2023
ETHOS VO LIMITED

BALANCE SHEET (continued)

As at 30 November 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 389 0
389 0
Current assets
Debtors 4 0 43,136
Investments 5 104 104
Cash at bank and in hand 68,624 67,951
68,728 111,191
Creditors: amounts falling due within one year 6 ( 65,086) ( 71,150)
Net current assets 3,642 40,041
Total assets less current liabilities 4,031 40,041
Creditors: amounts falling due after more than one year 7 ( 30,556) ( 36,111)
Net (liabilities)/assets ( 26,525) 3,930
Capital and reserves
Called-up share capital 8 12,972 12,972
Capital redemption reserve 100 100
Profit and loss account ( 39,597 ) ( 9,142 )
Total shareholders' (deficit)/funds ( 26,525) 3,930

For the financial year ending 30 November 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 financial statements of Ethos VO Limited (registered number: 03853277) were approved and authorised for issue by the Director on 09 April 2024. They were signed on its behalf by:

R E Pye
Director
ETHOS VO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
ETHOS VO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ethos VO Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The White House, Beech Road, Merstham, Surrey, RH1 3AE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 5 28

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 December 2022 0 0
Additions 500 500
At 30 November 2023 500 500
Accumulated depreciation
At 01 December 2022 0 0
Charge for the financial year 111 111
At 30 November 2023 111 111
Net book value
At 30 November 2023 389 389
At 30 November 2022 0 0

4. Debtors

2023 2022
£ £
Trade debtors 0 38,136
Other debtors 0 5,000
0 43,136

5. Current asset investments

2023 2022
£ £
Other investments 84 84
Investments in associates 20 20
104 104

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 5,556 5,556
Trade creditors 0 1,026
Other loans 42,000 42,000
Accruals 1,800 1,700
Other taxation and social security 15,170 19,725
Other creditors 560 1,143
65,086 71,150

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 30,556 36,111

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2023 2022
£ £
Bank loans (repayable by instalments) 8,333 13,888

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
12,931,000 Ordinary A shares of £ 0.001 each 12,931 12,931
3 Ordinary shares of £ 1.00 each 3 3
38 Ordinary Other shares of £ 1.00 each 38 38
12,972 12,972