Company Registration No. 10018706 (England and Wales)
ETOILEE LIMITED
Unaudited accounts
for the year ended 29 February 2024
ETOILEE LIMITED
Company Information
for the year ended 29 February 2024
Company Number
10018706 (England and Wales)
Registered Office
44 ,
Vimy Drive,
Dartford,
Kent, England,
DA1 5FJ
United Kingdom
Accountants
Ease Accounting Associates UK Limited
Chartered Accountants
22, BRENT WAY
DARTFORD
Kent
DA2 6DA
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of ETOILEE LIMITED for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
ETOILEE LIMITED for the year ended
29 February 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of ETOILEE LIMITED, as a body, in accordance with the terms of our engagement letter dated 1 July 2023. Our work has been undertaken solely to prepare for your approval the accounts of ETOILEE LIMITED and state those matters that we have agreed to state to the Board of Directors of ETOILEE LIMITED, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ETOILEE LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ETOILEE LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ETOILEE LIMITED. You consider that ETOILEE LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ETOILEE LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Ease Accounting Associates UK Limited
Chartered Accountants
Chartered Accountants
22, BRENT WAY
DARTFORD
Kent
DA2 6DA
29 April 2024
ETOILEE LIMITED
Statement of financial position
as at 29 February 2024
Tangible assets
10,124
13,499
Cash at bank and in hand
61,847
73,456
Creditors: amounts falling due within one year
(45,935)
(62,896)
Net current assets
15,912
17,574
Total assets less current liabilities
26,036
31,073
Creditors: amounts falling due after more than one year
(6,549)
(5,630)
Called up share capital
1
1
Profit and loss account
19,486
25,442
Shareholders' funds
19,487
25,443
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 April 2024 and were signed on its behalf by
Omolola AJUMOBI
Director
Company Registration No. 10018706
ETOILEE LIMITED
Notes to the Accounts
for the year ended 29 February 2024
ETOILEE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10018706. The registered office is 44 ,, Vimy Drive,, Dartford,, Kent, England, , DA1 5FJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on Reducing Balance
Computer equipment
25% on Reducing Balance
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The current inflationary pressure has meant that costs were rising while at the same time, businesses were not able to pass on the cost to customers. Our margin is therefore eroded
The business environment is so competitive that we have had to invest in further training of our staff to increase our competitive edge and drive productivity with the hope of increasing our reach within our market niche.
Investment in new computer equipment, network and other office technology to enhance the enjoyment of customers for a better experience.
ETOILEE LIMITED
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
505
22,361
22,866
At 29 February 2024
505
22,361
22,866
At 1 March 2023
305
9,062
9,367
Charge for the year
50
3,325
3,375
At 29 February 2024
355
12,387
12,742
At 29 February 2024
150
9,974
10,124
At 28 February 2023
200
13,299
13,499
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,424
3,555
Taxes and social security
614
5,619
Proposed dividends
20,000
12,000
Loans from directors
23,522
34,335
7
Creditors: amounts falling due after more than one year
2024
2023
The Loan is a Bounced Back Loan (BBL). The loan is an unsecured Loan. The loan is secured by the Government of the United Kingdom. More than is due was paid within the year. This has brought down the outstanding loan significantly.
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).