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REGISTERED NUMBER: 03609807 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Eleven Worldwide Limited

Eleven Worldwide Limited (Registered number: 03609807)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Eleven Worldwide Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: N J K Smith
Mrs A F W Smith





SECRETARY: Mrs A F W Smith





REGISTERED OFFICE: Holcombe House
High Street
Deddington
Banbury
OX15 0SL





REGISTERED NUMBER: 03609807 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
Suite 1, First Floor
Coachworks Arcade
Northgate Street
Chester
Cheshire
CH1 2EY

Eleven Worldwide Limited (Registered number: 03609807)

Balance Sheet
31 December 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 28,389 18,912

CURRENT ASSETS
Debtors 5 486,918 644,174
Cash at bank 124,156 151,472
611,074 795,646
CREDITORS
Amounts falling due within one year 6 (866,600 ) (706,254 )
NET CURRENT (LIABILITIES)/ASSETS (255,526 ) 89,392
TOTAL ASSETS LESS CURRENT LIABILITIES (227,137 ) 108,304

PROVISIONS FOR LIABILITIES (3,593 ) (3,593 )
NET (LIABILITIES)/ASSETS (230,730 ) 104,711

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (230,830 ) 104,611
(230,730 ) 104,711

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:





N J K Smith - Director


Eleven Worldwide Limited (Registered number: 03609807)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Eleven Worldwide 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Sale of Goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on despatch of goods.


Rendering of Services

When the outcome of a transaction can be estimated reliably, turnover is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to a notable milestone.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Eleven Worldwide Limited (Registered number: 03609807)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Share capital
Ordinary shares are classed as equity.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 January 2023 850 24,480 25,330
Additions 8,008 10,933 18,941
At 31 December 2023 8,858 35,413 44,271
DEPRECIATION
At 1 January 2023 212 6,206 6,418
Charge for year 2,162 7,302 9,464
At 31 December 2023 2,374 13,508 15,882
NET BOOK VALUE
At 31 December 2023 6,484 21,905 28,389
At 31 December 2022 638 18,274 18,912

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 135,086 407,519
Other debtors 351,832 236,655
486,918 644,174

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 92,787 13,407
Taxation and social security 86,746 198,818
Other creditors 687,067 494,029
866,600 706,254

Eleven Worldwide Limited (Registered number: 03609807)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

7. RELATED PARTY DISCLOSURES

During the year expenditure of £40,000 (2022: Nil) was recharged to Ashley & Dumville from Eleven Worldwide limited of which N J K Smith is also a director.
As at the balance sheet date £397,710 is owed by Ashley and Dumville Limited to Eleven Worldwide Limited.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Eleven Worldwide Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eleven Worldwide Limited for the year ended 31 December 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Eleven Worldwide Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eleven Worldwide Limited and state those matters that we have agreed to state to the Board of Directors of Eleven Worldwide Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eleven Worldwide Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Eleven Worldwide Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Eleven Worldwide Limited. You consider that Eleven Worldwide Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Eleven Worldwide Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Ltd
Chartered Accountants
Suite 1, First Floor
Coachworks Arcade
Northgate Street
Chester
Cheshire
CH1 2EY


4 September 2024