2 false false false false false false false false false false true false false false false false false No description of principal activity 2022-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 5,031 3,017 1,258 4,275 756 2,014 xbrli:pure xbrli:shares iso4217:GBP 09112927 2022-08-01 2023-07-31 09112927 2023-07-31 09112927 2022-07-31 09112927 2021-08-01 2022-07-31 09112927 2022-07-31 09112927 2021-07-31 09112927 core:FurnitureFittings 2022-08-01 2023-07-31 09112927 bus:Director1 2022-08-01 2023-07-31 09112927 bus:Director2 2022-08-01 2023-07-31 09112927 core:FurnitureFittings 2022-07-31 09112927 core:FurnitureFittings 2023-07-31 09112927 core:WithinOneYear 2023-07-31 09112927 core:WithinOneYear 2022-07-31 09112927 core:ShareCapital 2023-07-31 09112927 core:ShareCapital 2022-07-31 09112927 core:RetainedEarningsAccumulatedLosses 2023-07-31 09112927 core:RetainedEarningsAccumulatedLosses 2022-07-31 09112927 core:FurnitureFittings 2022-07-31 09112927 bus:Director1 2022-07-31 09112927 bus:Director1 2023-07-31 09112927 bus:Director2 2022-07-31 09112927 bus:Director2 2023-07-31 09112927 bus:Director1 2021-07-31 09112927 bus:Director1 2022-07-31 09112927 bus:Director2 2021-07-31 09112927 bus:Director2 2022-07-31 09112927 bus:Director1 2021-08-01 2022-07-31 09112927 bus:SmallEntities 2022-08-01 2023-07-31 09112927 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 09112927 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 09112927 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09112927 bus:FullAccounts 2022-08-01 2023-07-31
COMPANY REGISTRATION NUMBER: 09112927
E A Online Ltd
Filleted Unaudited Financial Statements
For the year ended
31 July 2023
E A Online Ltd
Statement of Financial Position
31 July 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
756
2,014
Current assets
Stocks
143,663
89,218
Debtors
6
159,158
57,288
Cash at bank and in hand
89,047
185,387
---------
---------
391,868
331,893
Creditors: amounts falling due within one year
7
212,220
152,535
---------
---------
Net current assets
179,648
179,358
---------
---------
Total assets less current liabilities
180,404
181,372
---------
---------
Net assets
180,404
181,372
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
180,402
181,370
---------
---------
Shareholders funds
180,404
181,372
---------
---------
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 July 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 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 financial statements .
E A Online Ltd
Statement of Financial Position (continued)
31 July 2023
These financial statements were approved by the board of directors and authorised for issue on 29 July 2024 , and are signed on behalf of the board by:
Ms A S Bett
Director
Company registration number: 09112927
E A Online Ltd
Notes to the Financial Statements
Year ended 31 July 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 Hyde House, The Hyde, Edgware Road, London, NW9 6LA.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, 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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
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% straight line
Impairment of fixed assets
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.
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.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Fixtures and fittings
£
Cost
At 1 August 2022 and 31 July 2023
5,031
-------
Depreciation
At 1 August 2022
3,017
Charge for the year
1,258
-------
At 31 July 2023
4,275
-------
Carrying amount
At 31 July 2023
756
-------
At 31 July 2022
2,014
-------
6. Debtors
2023
2022
£
£
Trade debtors
1,283
1,378
Other debtors
157,875
55,910
---------
--------
159,158
57,288
---------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
75
598
Trade creditors
6,755
30,092
Corporation tax
1,566
18,945
Social security and other taxes
658
Other creditors
203,824
102,242
---------
---------
212,220
152,535
---------
---------
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Ms A S Bett
( 24,707)
( 1)
( 24,708)
Mrs E M Bett
( 22,439)
( 22,439)
--------
----
--------
( 47,146)
( 1)
( 47,147)
--------
----
--------
2022
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Ms A S Bett
( 24,707)
400
(24,307)
Mrs E M Bett
( 22,439)
( 22,439)
--------
----
--------
( 47,146)
400
(46,746)
--------
----
--------