0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-11-01 Sage Accounts Production Advanced 2023 - FRS102_2023 35,000 23,469 2,883 26,352 8,648 11,531 xbrli:pure xbrli:shares iso4217:GBP 08757291 2022-11-01 2023-10-31 08757291 2023-10-31 08757291 2022-10-31 08757291 2021-11-01 2022-10-31 08757291 2022-10-31 08757291 2021-10-31 08757291 core:PlantMachinery 2022-11-01 2023-10-31 08757291 bus:Director1 2022-11-01 2023-10-31 08757291 core:PlantMachinery 2022-10-31 08757291 core:PlantMachinery 2023-10-31 08757291 core:WithinOneYear 2023-10-31 08757291 core:WithinOneYear 2022-10-31 08757291 core:AfterOneYear 2023-10-31 08757291 core:AfterOneYear 2022-10-31 08757291 core:ShareCapital 2023-10-31 08757291 core:ShareCapital 2022-10-31 08757291 core:RetainedEarningsAccumulatedLosses 2023-10-31 08757291 core:RetainedEarningsAccumulatedLosses 2022-10-31 08757291 core:PlantMachinery 2022-10-31 08757291 bus:SmallEntities 2022-11-01 2023-10-31 08757291 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 08757291 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08757291 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08757291 bus:FullAccounts 2022-11-01 2023-10-31
COMPANY REGISTRATION NUMBER: 08757291
EOS Group Holdings Ltd
Filleted Unaudited Financial Statements
For the year ended
31 October 2023
EOS Group Holdings Ltd
Statement of Financial Position
31 October 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
8,648
11,531
Current assets
Stocks
1,126,070
906,570
Debtors
5
869
Cash at bank and in hand
1,058
153,176
------------
------------
1,127,997
1,059,746
Creditors: amounts falling due within one year
6
722,218
637,868
------------
------------
Net current assets
405,779
421,878
---------
---------
Total assets less current liabilities
414,427
433,409
Creditors: amounts falling due after more than one year
7
15,833
25,833
---------
---------
Net assets
398,594
407,576
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
398,494
407,476
---------
---------
Shareholders funds
398,594
407,576
---------
---------
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 October 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 .
EOS Group Holdings Ltd
Statement of Financial Position (continued)
31 October 2023
These financial statements were approved by the board of directors and authorised for issue on 25 July 2024 , and are signed on behalf of the board by:
E O Smeeth
Director
EOS Group Holdings Ltd
Notes to the Financial Statements
Year ended 31 October 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 38 Enterprise House, Tyndall Court, Commerce Road, Peterborough, PE2 6LR, England. The company name was changed from Orange Gorilla Construction Limited to EOS Group Holdings Limited on 13 February 2024.
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.
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. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:
Plant and machinery
-
25% reducing balance
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
The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
4. Tangible assets
Plant and machinery
£
Cost
At 1 November 2022 and 31 October 2023
35,000
--------
Depreciation
At 1 November 2022
23,469
Charge for the year
2,883
--------
At 31 October 2023
26,352
--------
Carrying amount
At 31 October 2023
8,648
--------
At 31 October 2022
11,531
--------
5. Debtors
2023
2022
£
£
Other debtors
869
----
----
6. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,000
10,000
Amounts owed to group undertakings and undertakings in which the company has a participating interest
190,000
190,000
Social security and other taxes
7,897
Other creditors
522,218
429,971
---------
---------
722,218
637,868
---------
---------
Included within bank loans is a Bounceback loan. The lender has been provided with a guarantee from the UK Government.
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
15,833
25,833
--------
--------
Included within bank loans is a Bounceback loan. The lender has been provided with a guarantee from the UK Government.
8. Related party transactions
The company has a loan from a company under common control. £30,000 (2022 - £30,000) was owed, the loan is interest free and repayable on demand. The company has a loan from an other related party. £160,000 (2022 - £160,000) was owed, the loan is interest free and repayable on demand.