Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31Organising Art Exhibitions and Art Sales2023-01-01false66truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04769049 2023-01-01 2023-12-31 04769049 2022-01-01 2022-12-31 04769049 2023-12-31 04769049 2022-12-31 04769049 c:Director1 2023-01-01 2023-12-31 04769049 d:OfficeEquipment 2023-01-01 2023-12-31 04769049 d:OfficeEquipment 2023-12-31 04769049 d:OfficeEquipment 2022-12-31 04769049 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04769049 d:ComputerEquipment 2023-01-01 2023-12-31 04769049 d:ComputerEquipment 2023-12-31 04769049 d:ComputerEquipment 2022-12-31 04769049 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04769049 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04769049 d:CurrentFinancialInstruments 2023-12-31 04769049 d:CurrentFinancialInstruments 2022-12-31 04769049 d:Non-currentFinancialInstruments 2023-12-31 04769049 d:Non-currentFinancialInstruments 2022-12-31 04769049 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04769049 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04769049 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04769049 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 04769049 d:ShareCapital 2023-12-31 04769049 d:ShareCapital 2022-12-31 04769049 d:RetainedEarningsAccumulatedLosses 2023-12-31 04769049 d:RetainedEarningsAccumulatedLosses 2022-12-31 04769049 c:OrdinaryShareClass1 2023-01-01 2023-12-31 04769049 c:OrdinaryShareClass1 2023-12-31 04769049 c:FRS102 2023-01-01 2023-12-31 04769049 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04769049 c:FullAccounts 2023-01-01 2023-12-31 04769049 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04769049 2 2023-01-01 2023-12-31 04769049 6 2023-01-01 2023-12-31 04769049 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 04769049














EVERYTHING LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  31 DECEMBER 2023

 
EVERYTHING LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 7


 
EVERYTHING LIMITED
REGISTERED NUMBER:04769049

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,698
10,052

Investments
 5 
1
1

  
4,699
10,053

Current assets
  

Stocks
  
1,358,416
622,797

Debtors: amounts falling due within one year
 6 
924,813
905,555

Cash at bank and in hand
  
29,444
33,177

  
2,312,673
1,561,529

Current Liabilities
  

Creditors: amounts falling due within one year
 7 
(6,390,717)
(4,643,901)

Net current liabilities
  
 
 
(4,078,044)
 
 
(3,082,372)

Total assets less current liabilities
  
(4,073,345)
(3,072,319)

Creditors: amounts falling due after more than one year
 8 
(1,437,101)
(1,680,734)

  

Net liabilities
  
(5,510,446)
(4,753,053)


Capital and reserves
  

Called up share capital 
 9 
1,000
1,000

Profit and loss account
  
(5,511,446)
(4,754,053)

  
(5,510,446)
(4,753,053)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 August 2024.
Page 1

 
EVERYTHING LIMITED
REGISTERED NUMBER:04769049
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023



T H Shutes
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
EVERYTHING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The company's legal form is that of a private limited liability company registered in England & Wales. The company's registered office is at 2nd Floor, Connaught House, 1-3 Mount Street, (entrance via Davies Street), London, W1K 3NB. Its principal place of business is at 44 Baker Street, London, W1U 7AL.
The principal activities of the company are those of organising art exhibitions and art sales.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

As at 31 December 2023, the company had accumulated losses of £5,584,708 (2022 - £4,754,053). The director has prepared projected cashflow forecasts for the period ending 12 months from the date of his approval of these financial statements and based on these and the continued support of the company's principal loan creditor, the director considers it appropriate to prepare the financial statements on a going concern basis.

 
2.4

Foreign currency translation

The functional and presentational currency of the company is £ Sterling.
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. 

 
2.5

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax.
Turnover is recognised in the period in which the service is provided.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
EVERYTHING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Pensions

Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25% straight line
Computer equipment
-
33.33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.11

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct purchase costs.

 
2.12

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

Page 4

 
EVERYTHING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.14

Creditors

Short term creditors are measured at the transaction price. 


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost 


At 1 January 2023
21,027
9,424
30,451



At 31 December 2023

21,027
9,424
30,451



Depreciation


At 1 January 2023
12,490
7,909
20,399


Charge for the year on owned assets
4,546
808
5,354



At 31 December 2023

17,036
8,717
25,753



Net book value



At 31 December 2023
3,991
707
4,698



At 31 December 2022
8,537
1,515
10,052

Page 5

 
EVERYTHING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 January 2023
1



At 31 December 2023
1





6.


Debtors

2023
2022
£
£


Trade debtors
71,508
73,621

Other debtors
846,290
817,054

Prepayments and accrued income
7,015
14,880

924,813
905,555



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
85

Trade creditors
260,456
57,657

Other taxation and social security
7,058
8,466

Other creditors
198,316
131,105

Accruals and deferred income
5,924,887
4,446,588

6,390,717
4,643,901


Page 6

 
EVERYTHING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
1,437,101
1,680,734


Other creditors are unsecured, interest free and only repayable once liquidity is achieved.


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000  Ordinary shares of £1 each
1,000
1,000


 
Page 7