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.