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REGISTERED NUMBER: 03758465 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Ei World Limited

Ei World Limited (Registered number: 03758465)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ei World Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Ms G Bharwaney
Mr M A Bishop





REGISTERED OFFICE: Reedham House
31 King Street West
Manchester
M3 2PJ





BUSINESS ADDRESS: 1 Cornhill
London
EC3V 3ND





REGISTERED NUMBER: 03758465 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Ei World Limited (Registered number: 03758465)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 72,313 93,943
Tangible assets 5 72,007 14,009
144,320 107,952

CURRENT ASSETS
Stocks 600 600
Debtors 6 25,477 164,639
Cash at bank 355,246 430,832
381,323 596,071
CREDITORS
Amounts falling due within one year 7 21,396 181,013
NET CURRENT ASSETS 359,927 415,058
TOTAL ASSETS LESS CURRENT
LIABILITIES

504,247

523,010

PROVISIONS FOR LIABILITIES 20,511 20,511
NET ASSETS 483,736 502,499

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 483,730 502,493
SHAREHOLDERS' FUNDS 483,736 502,499

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Ei World Limited (Registered number: 03758465)

Balance Sheet - continued
31 October 2023


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





Ms G Bharwaney - Director


Ei World Limited (Registered number: 03758465)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Ei World Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the invoice value of services provided, net of value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Development cost is recorded at cost less any tax, discounts and rebates. Subsequently they are recorded at cost less accumulated amortisation and impairment.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Tangible fixed assets are recorded at cost less any tax, discounts and rebates. Subsequently they are recorded at cost less accumulated depreciation and impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Ei World Limited (Registered number: 03758465)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.

The interest element of these obligations is charge to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rental paid under operating leases are charged to the profit and loss account as incurred.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The company's financial statements for the year ended 31 October 2023 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 5 ) .

Ei World Limited (Registered number: 03758465)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 November 2022 117,426
Additions 2,319
At 31 October 2023 119,745
AMORTISATION
At 1 November 2022 23,483
Amortisation for year 23,949
At 31 October 2023 47,432
NET BOOK VALUE
At 31 October 2023 72,313
At 31 October 2022 93,943

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 61,485 - 12,758 74,243
Additions - 65,378 - 65,378
At 31 October 2023 61,485 65,378 12,758 139,621
DEPRECIATION
At 1 November 2022 53,112 - 7,122 60,234
Charge for year 1,256 3,942 2,182 7,380
At 31 October 2023 54,368 3,942 9,304 67,614
NET BOOK VALUE
At 31 October 2023 7,117 61,436 3,454 72,007
At 31 October 2022 8,373 - 5,636 14,009

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,922 103,219
Other debtors 23,555 61,420
25,477 164,639

Ei World Limited (Registered number: 03758465)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 10,092 23,539
Amounts owed to group undertakings 4,730 80,683
Taxation and social security (231 ) 41,253
Other creditors 6,805 35,538
21,396 181,013

8. RELATED PARTY DISCLOSURES

Included within other creditors is director's current account balance of £75 (2022: £75). There are no fixed repayment terms and no interest is chargeable to the company in respect of this balance.

9. ULTIMATE CONTROLLING PARTY

The company's parent undertaking at the balance sheet was of Evolving Ambitions Limited, a company registered in England and Wales.

Registered OfficeReedham House
31 King Street West
Manchester
United Kingdom
M3 2PJ