EYOTO GROUP LIMITED

Company Registration Number:
08816263 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

EYOTO GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

EYOTO GROUP LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 127,153 140,408
Tangible assets: 4 78,284 182,183
Total fixed assets: 205,437 322,591
Current assets
Stocks: 41,097 439,254
Debtors:   6,680,718 6,046,144
Cash at bank and in hand: 1,419,446 82,423
Total current assets: 8,141,261 6,567,821
Creditors: amounts falling due within one year: 5 (7,787,478) (13,206,059)
Net current assets (liabilities): 353,783 (6,638,238)
Total assets less current liabilities: 559,220 (6,315,647)
Creditors: amounts falling due after more than one year: 6 (20,000) (30,000)
Provision for liabilities: (5,516) (5,516)
Total net assets (liabilities): 533,704 (6,351,163)
Capital and reserves
Called up share capital: 80,212 13,788
Share premium account: 15,810,225 6,573,943
Other reserves: 319,000 335,000
Profit and loss account: (15,675,733) (13,273,894)
Shareholders funds: 533,704 (6,351,163)

The notes form part of these financial statements

EYOTO GROUP LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 June 2024
and signed on behalf of the board by:

Name: Mr F T Collins
Status: Director

The notes form part of these financial statements

EYOTO GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

EYOTO GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 29 29

EYOTO GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 140,408
At 31 December 2023 140,408
Amortisation
At 01 January 2023 0
Charge for year 13,255
At 31 December 2023 13,255
Net book value
At 31 December 2023 127,153
At 31 December 2022 140,408

EYOTO GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 421,343
Additions 28,351
Disposals (119,708)
At 31 December 2023 329,986
Depreciation
At 01 January 2023 239,160
Charge for year 89,880
On disposals (77,338)
At 31 December 2023 251,702
Net book value
At 31 December 2023 78,284
At 31 December 2022 182,183

EYOTO GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

Bank loans and overdrafts: £6,560,000 (2022: (£9,345,343) Trade creditors: £215,100 (2022: £113,303) Social security and other taxes: £141,918 (2022: £254,122) Other creditors: £870,460 (2022: £3,493,291)

EYOTO GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

Banks loans and overdrafts: £20,000 (2022: £30,000)

EYOTO GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Related party transactions

Included within Debtors balances are amounts owed by related companies Eyoto Inc: £2,381,919 (2022: £1,619,347) Eyoto Limited: £4,035,835 (2022: £4,032,962)