10 01/03/2024 14/06/2024 2024-06-14 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2024-03-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 07074469 2024-03-01 2024-06-14 07074469 2024-06-14 07074469 2024-02-29 07074469 2023-03-01 2024-02-29 07074469 2024-02-29 07074469 2023-02-28 07074469 core:NetGoodwill 2024-03-01 2024-06-14 07074469 core:PlantMachinery 2024-03-01 2024-06-14 07074469 bus:RegisteredOffice 2024-03-01 2024-06-14 07074469 bus:LeadAgentIfApplicable 2024-03-01 2024-06-14 07074469 bus:Director1 2024-03-01 2024-06-14 07074469 core:NetGoodwill 2024-06-14 07074469 core:PlantMachinery 2024-02-29 07074469 core:PlantMachinery 2024-06-14 07074469 core:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 07074469 core:RetainedEarningsAccumulatedLosses 2024-03-01 2024-06-14 07074469 core:WithinOneYear 2024-06-14 07074469 core:WithinOneYear 2024-02-29 07074469 core:ShareCapital 2024-06-14 07074469 core:ShareCapital 2024-02-29 07074469 core:RetainedEarningsAccumulatedLosses 2024-06-14 07074469 core:RetainedEarningsAccumulatedLosses 2024-02-29 07074469 core:ShareCapital 2023-02-28 07074469 core:RetainedEarningsAccumulatedLosses 2023-02-28 07074469 core:PreviouslyStatedAmount core:ShareCapital 2024-06-14 07074469 core:NetGoodwill 2024-02-29 07074469 core:PlantMachinery 2024-02-29 07074469 bus:Director1 2024-02-29 07074469 bus:Director1 2024-06-14 07074469 bus:Director1 2023-02-28 07074469 bus:Director1 2024-02-29 07074469 bus:Director1 2023-03-01 2024-02-29 07074469 bus:SmallEntities 2024-03-01 2024-06-14 07074469 bus:AuditExempt-NoAccountantsReport 2024-03-01 2024-06-14 07074469 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2024-06-14 07074469 bus:PrivateLimitedCompanyLtd 2024-03-01 2024-06-14 07074469 bus:FullAccounts 2024-03-01 2024-06-14 07074469 1 2024-03-01 2024-06-14
Company registration number: 07074469
Eleven Eastgate Limited
Trading as Eleven Eastgate Limited
Unaudited filleted financial statements
14 June 2024
Eleven Eastgate Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Eleven Eastgate Limited
Directors and other information
Director Mr Peter Richard Walker
Company number 07074469
Registered office 11 Eastgate
Sleaford
Lincolnshire
NG34 7DL
Business address 11 Eastgate
Sleaford
Lincolnshire
NG34 7DL
Accountant Bush & Co
95 Boston Road
Sleaford
Lincolnshire
NG34 7HP
Eleven Eastgate Limited
Statement of financial position
14 June 2024
14/06/24 29/02/24
Note £ £ £ £
Fixed assets
Intangible assets 5 11,000 11,000
Tangible assets 6 5,691 6,284
_______ _______
16,691 17,284
Current assets
Stocks 2,000 4,790
Debtors 7 23,852 22,532
Cash at bank and in hand 4,853 8,660
_______ _______
30,705 35,982
Creditors: amounts falling due
within one year 8 ( 46,202) ( 37,967)
_______ _______
Net current liabilities ( 15,497) ( 1,985)
_______ _______
Total assets less current liabilities 1,194 15,299
_______ _______
Net assets 1,194 15,299
_______ _______
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 194 14,299
_______ _______
Shareholders funds 1,194 15,299
_______ _______
For the period ending 14 June 2024 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 financial statements for the period in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 10 September 2024 , and are signed on behalf of the board by:
Mr Peter Richard Walker
Director
Company registration number: 07074469
Eleven Eastgate Limited
Statement of changes in equity
Period ended 14 June 2024
Called up share capital Profit and loss account Total
£ £ £
At 28 February 2023 1,000 28,105 29,105
Profit for the period 86,194 86,194
_______ _______ _______
Total comprehensive income for the period - 86,194 86,194
Dividends paid and payable ( 100,000) ( 100,000)
_______ _______ _______
Total investments by and distributions to owners - ( 100,000) ( 100,000)
_______ _______ _______
At 29 February 2024 and 1 March 2024 1,000 14,299 15,299
Profit for the period 24,395 24,395
_______ _______ _______
Total comprehensive income for the period - 24,395 24,395
Dividends paid and payable ( 38,500) ( 38,500)
_______ _______ _______
Total investments by and distributions to owners - ( 38,500) ( 38,500)
_______ _______ _______
At 14 June 2024 1,000 194 1,194
_______ _______ _______
Eleven Eastgate Limited
Notes to the financial statements
Period ended 14 June 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Eleven Eastgate Limited, 11 Eastgate, Sleaford, Lincolnshire, NG34 7DL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland.The financial statements have been prepared on the historical cost basis.
Turnover
Turnover represents amounts receivable for goods supplied and services rendered.
Taxation
Current tax is recognised on taxable profit for the current and past period using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 4.00 % straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 20 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 10 (2024: 10 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 March 2024 and 14 June 2024 25,000 25,000
_______ _______
Amortisation
At 1 March 2024 and 14 June 2024 14,000 14,000
_______ _______
Carrying amount
At 14 June 2024 11,000 11,000
_______ _______
At 29 February 2024 11,000 11,000
_______ _______
6. Tangible assets
Plant and machinery
£
Cost
At 1 March 2024 and 14 June 2024 61,537
_______
Depreciation
At 1 March 2024 55,253
Charge for the year 593
_______
At 14 June 2024 55,846
_______
Carrying amount
At 14 June 2024 5,691
_______
At 29 February 2024 6,284
_______
7. Debtors
14/06/24 29/02/24
£ £
Trade debtors 20,000 -
Other debtors 3,852 22,532
_______ _______
23,852 22,532
_______ _______
An employee loan made to Dr Peter Walker was repaid during the period.
8. Creditors: amounts falling due within one year
14/06/24 29/02/24
£ £
Corporation tax 33,956 26,452
Other creditors 12,246 11,515
_______ _______
46,202 37,967
_______ _______
9. Directors advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
period ended 14/06/24
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr Peter Richard Walker 6,532 66,128 ( 72,160) 500
_______ _______ _______ _______
Year ended 29/02/24
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr Peter Richard Walker 401 190,278 ( 184,147) 6,532
_______ _______ _______ _______
10. Related party transactions
The director Peter Walker received dividends totalling £19,250 during the period by virtue of his ordinary shareholding.
11. Controlling party
During the peiod the director Dr P R Walker and Mrs I M Walker controlled the company by virtue of a controlling interest(directly or indirectly) of 100% of the issued share capital.