1 January 2023 v2024.11.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP120097682023-01-012023-12-31120097682023-12-31120097682022-12-3112009768core:WithinOneYear2023-12-3112009768core:WithinOneYear2022-12-3112009768core:AfterOneYear2022-12-3112009768core:ShareCapital2023-12-3112009768core:ShareCapital2022-12-3112009768core:RetainedEarningsAccumulatedLosses2023-12-3112009768core:RetainedEarningsAccumulatedLosses2022-12-3112009768bus:Director12023-01-012023-12-3112009768bus:RegisteredOffice2023-01-012023-12-3112009768core:NetGoodwill2023-01-012023-12-3112009768core:Goodwill2023-01-012023-12-3112009768core:OfficeEquipment2023-01-012023-12-3112009768core:FurnitureFittings2023-01-012023-12-3112009768core:MotorVehicles2023-01-012023-12-31120097682022-01-012022-12-31120097682023-01-0112009768core:AdditionsToInvestments2023-12-3112009768core:CostValuation2023-12-311200976812023-01-012023-12-3112009768countries:EnglandWales2023-01-012023-12-3112009768bus:AuditExemptWithAccountantsReport2023-01-012023-12-3112009768bus:PrivateLimitedCompanyLtd2023-01-012023-12-3112009768bus:SmallEntities2023-01-012023-12-3112009768bus:AbridgedAccounts2023-01-012023-12-31
Company registration number:
12009768
Everton Cook Ltd
Unaudited Filleted Abridged Financial Statements for the year ended
31 December 2023
Everton Cook Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Everton Cook Ltd
Year ended
31 December 2023
As described on the abridged statement of financial position, the Board of Directors of
Everton Cook Ltd
are responsible for the preparation of the
abridged financial statements
for the year ended
31 December 2023
, which comprise the abridged income statement, statement of income and retained earnings, abridged statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
TK Accounts Limited
Everton Cook Ltd
Abridged Statement of Financial Position
31 December 2023
20232022
Note££
Fixed assets    
Intangible assets 5
786,371
 
845,296
 
Tangible assets 5
39,830
 
22,888
 
Investments 5
100
  -  
826,301
 
868,184
 
Current assets    
Debtors
334,547
 
132,156
 
Cash at bank and in hand
281,039
 
749,334
 
615,586
 
881,490
 
Creditors: amounts falling due within one year
(550,821
)
(725,260
)
Net current assets
64,765
 
156,230
 
Total assets less current liabilities 891,066   1,024,414  
Creditors: amounts falling due after more than one year -  
(450,000
)
Net assets
891,066
 
574,414
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
890,966
 
574,314
 
Shareholders funds
891,066
 
574,414
 
For the year ending
31 December 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position and the abridged income statement for the year ended
31 December 2023
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
4 April 2024
, and are signed on behalf of the board by:
G Everton Wallach
Director
Company registration number:
12009768
Everton Cook Ltd
Notes to the Abridged Financial Statements
Year ended
31 December 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
40 New Kings Road
,
London
,
SW6 4ST
, England.

2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill
6.5% straight line

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% straight line
Fixtures and fittings
25% straight line
Motor vehicles
25% straight line

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

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 Average number of employees

The average number of persons employed by the company during the year was
12
(2022:
10.00
).

5 Fixed assets

Intangible assetsTangible assetsInvestmentsTotal
££££
Cost        
At
1 January 2023
906,539
 
29,019
  -   935,558  
Additions -  
32,021
 
100
  32,121  
At
31 December 2023
906,539
 
61,040
 
100
  967,679  
Amortisation, depreciation and impairment        
At
1 January 2023
61,243
 
6,131
  -   67,374  
Charge
58,925
 
15,079
  -   74,004  
At
31 December 2023
120,168
 
21,210
  -   141,378  
Carrying amount        
At
31 December 2023
786,371
 
39,830
 
100
 
826,301
 
At 31 December 2022
845,296
 
22,888
  -  
868,184
 

Fixed assets held at valuation

In respect of fixed assets held at valuation, the comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
2023
Investments
£
Aggregate historical cost 100  
Carrying amount 100