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Registration number: 07427516

Essphoton Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Essphoton Limited

Contents

Company Information

1

Director's Report

2

Profit and Loss Account

3

Statement of Comprehensive Income

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 11

 

Essphoton Limited

Company Information

Director

Ms Allison Binns

Registered office

Suite 1B
18 Crendon Street
High Wycombe
Bucks
HP13 6LS

Accountants

KCMJLLP
Suite 1B
18 Crendon Street
69-71 Clarendon Road
High Wycombe
Bucks
HP13 6LS

 

Essphoton Limited

Director's Report for the Year Ended 30 November 2023

The director presents her report and the financial statements for the year ended 30 November 2023.

Director of the company

The director who held office during the year was as follows:

Ms Allison Binns

Principal activity

The principal activity of the company is Business and Management consultancy services

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 29 August 2024
 

.........................................
Ms Allison Binns
Director

 

Essphoton Limited

Profit and Loss Account for the Year Ended 30 November 2023

Note

2023
£

2022
£

Turnover

 

-

-

Gross profit/(loss)

 

-

-

Administrative expenses

 

(98)

(3,138)

Operating loss

 

(98)

(3,138)

Loss before tax

(98)

(3,138)

Loss for the financial year

 

(98)

(3,138)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Essphoton Limited

Statement of Comprehensive Income for the Year Ended 30 November 2023

2023
£

2022
£

Loss for the year

(98)

(3,138)

Total comprehensive income for the year

(98)

(3,138)

 

Essphoton Limited

(Registration number: 07427516)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

412

510

Creditors: Amounts falling due within one year

6

(4,988)

(4,988)

Net liabilities

 

(4,576)

(4,478)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(4,676)

(4,578)

Shareholders' deficit

 

(4,576)

(4,478)

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 29 August 2024
 

.........................................
Ms Allison Binns
Director

 

Essphoton Limited

Statement of Changes in Equity for the Year Ended 30 November 2023

Share capital
£

Retained earnings
£

Total
£

At 1 December 2022

100

(4,578)

(4,478)

Loss for the year

-

(98)

(98)

At 30 November 2023

100

(4,676)

(4,576)

Share capital
£

Retained earnings
£

Total
£

At 1 December 2021

100

32,560

32,660

Prior period adjustment

-

(34,000)

(34,000)

At 1 December 2021 (As restated)

100

(1,440)

(1,340)

Loss for the year

-

(3,138)

(3,138)

At 30 November 2022

100

(4,578)

(4,478)

 

Essphoton Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Suite 1B
18 Crendon Street
High Wycombe
Bucks
HP13 6LS
England

These financial statements were authorised for issue by the director on 29 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Essphoton Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

straight line 25%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 1).

 

Essphoton Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2022

2,846

2,846

At 30 November 2023

2,846

2,846

Depreciation

At 1 December 2022

2,846

2,846

At 30 November 2023

2,846

2,846

Carrying amount

At 30 November 2023

-

-

5

Debtors

Current

2023
£

2022
£

 

-

-

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

2,000

2,000

Other creditors

2,988

2,988

4,988

4,988

7

Share capital

Allotted, called up and fully paid shares

 

Essphoton Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

8

Dividends

9

Related party transactions

 

Essphoton Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£