BrightAccountsProduction v1.0.0 v1.0.0 2023-01-01 The company was not dormant during the period The company was trading for the entire period The principal activity of the company is that of an insurance brokerage. 10 September 2024 10141284 2023-12-31 10141284 2022-12-31 10141284 2021-12-31 10141284 2023-01-01 2023-12-31 10141284 2022-01-01 2022-12-31 10141284 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10141284 uk-curr:PoundSterling 2023-01-01 2023-12-31 10141284 uk-bus:FullAccounts 2023-01-01 2023-12-31 10141284 uk-bus:Director1 2023-01-01 2023-12-31 10141284 uk-bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 10141284 uk-bus:Director3 2023-01-01 2023-12-31 10141284 uk-bus:Director4 2023-01-01 2023-12-31 10141284 uk-bus:CompanySecretary1 2023-01-01 2023-12-31 10141284 uk-bus:RegisteredOffice 2023-01-01 2023-12-31 10141284 uk-bus:Agent1 2023-01-01 2023-12-31 10141284 uk-bus:Audited 2023-01-01 2023-12-31 10141284 uk-core:ShareCapital 2023-12-31 10141284 uk-core:ShareCapital 2022-12-31 10141284 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 10141284 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 10141284 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 10141284 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 10141284 uk-core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 10141284 uk-bus:FRS102 2023-01-01 2023-12-31 10141284 uk-core:CurrentFinancialInstruments 2023-12-31 10141284 uk-core:CurrentFinancialInstruments 2022-12-31 10141284 uk-core:WithinOneYear 2023-12-31 10141284 uk-core:WithinOneYear 2022-12-31 10141284 uk-core:ParentEntities 2023-01-01 2023-12-31 10141284 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 10141284
 
 
Eppione Limited
 
Annual Report and Financial Statements
 
for the financial year ended 31 December 2023



Eppione Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Neil Fallon
David Kindlon
Dermot John O‘Connor
Darren Harrison
 
 
Company Secretary David Kindlon
 
 
Company Registration Number 10141284
 
 
Registered Office and Business Address 29 Throgmorton Street
Warnford Court
London
EC2N 2AT
United Kingdom
 
 
Independent Auditors Searing Point Chartered Accountants
Chartered Accountants and Statutory Auditors
Frankfort Building
Dundrum Road
Dublin 14
D14 X2P2
 
 
Bankers Barclays
  PO Box 299
  Birmingham
  B1 3PF
  United Kingdom



Eppione Limited
DIRECTORS' REPORT
for the financial year ended 31 December 2023

 
The directors present their report and the audited financial statements for the financial year ended 31 December 2023.
 
Principal Activity
The principal activity of the company is that of an insurance brokerage.
     
Directors
The directors who served during the financial year are as follows:
     
Neil Fallon
David Kindlon
Dermot John O‘Connor
Darren Harrison
   
The Company is 100% owned by Eppione Holdings Limited. That Company has issued 124,000 €1.00 Ordinary Shares and 55,753 €1.00 Series A Preferred Shares. Of the 124,000 Ordinary Shares, the Directors have the following indirect interests in shares via their respective personal holding companies:-

1) Gold Carrot Holdings Limited is a company owned 100% by David Kindlon. This entity holds 37,200 €1.00 Ordinary Shares in the Company

2) Green Carrot Holdings Limited is a company owned 50% by Ernest Legrand. This entity holds 37,200 €1.00 Ordinary Shares in the Company

3) White Carrot Holdings Limited is a company owned 100% by Neil Fallon. This entity holds 18,600 €1.00 Ordinary Shares in the Company

Each of the above personal holding companies are incorporated in the Republic of Ireland.

In addition, David Kindlon holds 1,240 Ordinary €1.00 shares directly in Eppione Holdings Limited.
     
In accordance with the Constitution, the directors retire by rotation and, being eligible, offer themselves for re-election.
     
Political Contributions
The company did not make any disclosable political donations in the current financial year.
     
Statement of Directors' Responsibilities
             
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
-select suitable accounting policies and apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
                 
Disclosure of Information to Auditor
Each persons who are directors at the date of approval of this report confirms that:
In so far as the directors are aware:
-there is no relevant audit information (information needed by the company's auditor in connection with preparing the auditor's report) of which the company's auditor is unaware, and
-the directors have taken all the steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.
     
Auditors
The auditors, Searing Point Chartered Accountants, (Chartered Accountants) have indicated their willingness to continue in office in accordance with the provisions of Section 485 of the Companies Act 2006.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
     
___________________________ ___________________________
Neil Fallon David Kindlon
Director Director
     
10 September 2024 10 September 2024



INDEPENDENT AUDITOR'S REPORT
to the Shareholders of Eppione Limited

 
Report on the audit of the financial statements
 
Opinion
We have audited the financial statements of Eppione Limited ('the company') for the financial year ended 31 December 2023 which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity, the Statement of Cash Flows and the related notes to the financial statements, including significant accounting policies set out in note . The financial reporting framework that has been applied in their preparation is applicable Law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2023 and of its profit for the financial year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.
 
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
 
Material uncertainty related to going concern
We draw attention to Note 13, which adequately discloses the material uncertainty around the company’s ability to continue as a going concern should managements fundraising efforts prove unsuccessful. Our opinion is not modified in respect of this matter.
 
 
Other Information
The other information comprises the information included in the annual report other than the financial statements and our Auditor's Report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
 
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Directors' Report has been prepared in accordance with applicable legal requirements.
 
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified any material misstatements in the Directors' Report.
 
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the Directors' Report.
 
Responsibilities of directors for the financial statements
The directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
 
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or has no realistic alternative but to do so.
 
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
 
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
 
A further description of our responsibilities for the audit of the financial statements is contained in the appendix to this report, located at page , which is to be read as an integral part of our report.
 
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
 
 
 
Patrick Thorpe (Senior Statutory Auditor)
for and on behalf of
SEARING POINT CHARTERED ACCOUNTANTS
Chartered Accountants and Statutory Auditors
Frankfort Building
Dundrum Road
Dublin 14
D14 X2P2
 
10 September 2024



Eppione Limited
APPENDIX TO THE INDEPENDENT AUDITOR'S REPORT

Further information regarding the scope of our responsibilities as auditor
 
As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
 
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
 
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.
 
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.
 
- Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditor's Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditor's Report. However, future events or conditions may cause the company to cease to continue as a going concern.
 
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
 
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.



Eppione Limited
PROFIT AND LOSS ACCOUNT
for the financial year ended 31 December 2023
2023 2022
Notes £ £

Turnover 362,923 293,052
 
Cost of sales - (6,473)
───────── ─────────
Gross profit 362,923 286,579
 
Administrative expenses (358,124) (266,694)
───────── ─────────
Profit before taxation 4,799 19,885
 
Tax on profit 4 - -
───────── ─────────
Profit for the financial year 4,799 19,885
───────── ─────────
Total comprehensive income 4,799 19,885
    ═════════   ═════════



Eppione Limited
Company Registration Number: 10141284
BALANCE SHEET
as at 31 December 2023

2023 2022
Notes £ £
 
Current Assets
Debtors 5 668,914 244,462
Cash and cash equivalents 6 8,310 3,531
───────── ─────────
677,224 247,993
───────── ─────────
Creditors: amounts falling due within one year 7 (583,063) (158,631)
───────── ─────────
Net Current Assets 94,161 89,362
───────── ─────────
Total Assets less Current Liabilities 94,161 89,362
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 94,061 89,262
───────── ─────────
Equity attributable to owners of the company 94,161 89,362
═════════ ═════════
 
These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
           
Approved by the Board and authorised for issue on 10 September 2024 and signed on its behalf by
           
           
           
________________________________     ________________________________
Neil Fallon     David Kindlon
Director     Director
           



Eppione Limited
STATEMENT OF CHANGES IN EQUITY
as at 31 December 2023

Called up Retained Total
share earnings
capital
£ £ £
 
At 1 January 2022 100 69,377 69,477
───────── ───────── ─────────
Profit for the financial year - 19,885 19,885
───────── ───────── ─────────
At 31 December 2022 100 89,262 89,362
  ───────── ───────── ─────────
Profit for the financial year - 4,799 4,799
  ───────── ───────── ─────────
At 31 December 2023 100 94,061 94,161
  ═════════ ═════════ ═════════



Eppione Limited
STATEMENT OF CASH FLOWS
for the financial year ended 31 December 2023
2023 2022
Notes £ £

Cash flows from operating activities
Profit for the financial year 4,799 19,885
───────── ─────────
4,799 19,885
Movements in working capital:
Movement in debtors 9,470 28,740
Movement in creditors (34,036) 12,257
───────── ─────────
Cash (used in)/generated from operations (19,767) 60,882
Tax paid - (14,352)
───────── ─────────
Net cash (used in)/generated from operating activities (19,767) 46,530
───────── ─────────
Cash flows from financing activities
Advances to connected parties   (433,922) (129,484)
Advances from connected parties   458,468 79,318
    ───────── ─────────
Net cash generated from/(used in) financing activities   24,546 (50,166)
    ───────── ─────────
       
Net increase/(decrease) in cash and cash equivalents   4,779 (3,636)
Cash and cash equivalents at beginning of financial year   3,531 7,167
    ───────── ─────────
Cash and cash equivalents at end of financial year 6 8,310 3,531
    ═════════ ═════════



Eppione Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 December 2023

   
1. General Information
 
Eppione Limited is a company limited by shares incorporated and registered in the England. The registered number of the company is 10141284. The registered office of the company is 29 Throgmorton Street, Warnford Court, London, EC2N 2AT, United Kingdom which is also the principal place of business of the company. The principal activity of the company is that of an insurance brokerage. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 December 2023 have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102) issued by the Financial Reporting Council and in accordance with the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 5, (2022 - 5).
 
  2023 2022
  Number Number
 
Directors 2 2
Employees 3 3
  ───────── ─────────
  5 5
  ═════════ ═════════
       
4. Tax on profit
  2023 2022
  £ £
(a)     Analysis of charge in the financial year
 
Current tax:
Corporation tax at 19.00% (2022 - 19.00%) (Note 4 (b)) - -
  ═════════ ═════════
 
(b)     Factors affecting tax charge for the financial year
 
The tax assessed for the financial year differs from the standard rate of corporation tax in the United Kingdom 19.00% (2022 - 19.00%). The differences are explained below:
  2023 2022
  £ £
 
Profit taxable at 19.00% 4,799 19,885
  ═════════ ═════════
Profit before tax
multiplied by the standard rate of corporation tax
in the United Kingdom at 19.00% (2022 - 19.00%) 912 3,778
Effects of:
Expenses not deductible for tax purposes - 115
Group Loss Relief (912) (3,893)
  ───────── ─────────
Total tax charge for the financial year (Note 4 (a)) - -
  ═════════ ═════════
 
 
No charge to tax arises due to availability of group losses.
       
5. Debtors 2023 2022
  £ £
 
Trade debtors 100,278 114,978
Amounts owed by connected parties (Note 10) 563,406 129,484
Prepayments and accrued income 5,230 -
  ───────── ─────────
  668,914 244,462
  ═════════ ═════════
       
6. Cash and cash equivalents 2023 2022
  £ £
 
Cash and bank balances 8,302 3,523
Cash equivalents 8 8
  ───────── ─────────
  8,310 3,531
  ═════════ ═════════
       
7. Creditors 2023 2022
Amounts falling due within one year £ £
 
Amounts owed to connected parties (Note 10) 570,714 112,246
Taxation  (Note 8) 10,686 46,386
Other creditors (1) (1)
Accruals 1,664 -
  ───────── ─────────
  583,063 158,631
  ═════════ ═════════
       
8. Taxation 2023 2022
  £ £
 
Creditors:
PAYE / NI 10,686 46,386
  ═════════ ═════════
       
9. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 December 2023.
       
10. Related party transactions
 
Transactions with group companies include bank transfers to and from Eppione Holdings Limited, recharges of expenses incurred on behalf of the Company by other members of the group.
 
  Balance Balance
  2023 2022
  £ £
 
Eppione Solutions Limited 544,002 129,484
Eppione Private Clients Limited 19,404 -
  ───────── ─────────
  563,406 129,484
  ═════════ ═════════
 
The following amounts are due to other connected parties:
  2023 2022
  £ £
 
Eppione Holdings Limited 560,714 112,246
Eppione Limited 10,000 -
  ───────── ─────────
  570,714 112,246
  ═════════ ═════════
 
Net balances with other connected parties:
  2023 2022
  £ £
 
Eppione Holdings Limited (560,714) (112,246)
Eppione Solutions Limited 544,002 129,484
Eppione Private Clients Limited 19,404 -
Eppione Limited (10,000) -
  ───────── ─────────
  (7,308) 17,238
  ═════════ ═════════
 
The amounts owed are interest free and do not have a fixed repayment schedule, it‘s repayment is largely contingent on surplus operational cash flow.
   
11. Parent company
 
The company regards Eppione Holdings Limited as its parent company.
 
   
12. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.
       
13. Going Concern
 
We have prepared the financial statements on the going concern basis. This basis may not be appropriate if the company does not successfully execute its current fundraising efforts. Whilst the Board are confident that such efforts will lead to a successful outcome and thus ensure that the business has sufficient liquidity and reserves to meet ongoing obligations as they fall due, this is not certain – and accordingly we bring the readers attention to the possibility that adoption of going concern may not be appropriate.



Eppione Limited

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
TRADING STATEMENT
for the financial year ended 31 December 2023
 
 
 
2023 2022
Schedule £ £
 
Sales 362,923 293,052
Cost of sales 1 - (6,473)
───────── ─────────
Gross profit 362,923 286,579
───────── ─────────
Gross profit Percentage 100.0% 97.8%
───────── ─────────
 
Overhead expenses 2 (358,124) (266,694)
───────── ─────────
Net profit 4,799 19,885
═════════ ═════════



Eppione Limited

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
SCHEDULE 1 : COST OF SALES
for the financial year ended 31 December 2023
 
 
 
2023 2022
£ £
Cost of Sales
Direct costs - 6,473
───────── ─────────
- 6,473
═════════ ═════════



Eppione Limited

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
SCHEDULE 2 : OVERHEAD EXPENSES
for the financial year ended 31 December 2023
 
 
 
2023 2022
£ £
       
Administration Expenses
Wages and salaries 74,588 38,833
Directors salaries - 14,813
Employers NIC (UK) PRSI (Ireland) 7,837 6,001
Pension costs 29,983 23,137
Staff expenses 3,209 3,366
Conference and Events (300) -
Insurance 5,230 -
Advertising 3,628 1,534
Telephone  Broadband 4,766 4,000
Travelling and entertainment - 5,230
Office cost / IT costs 21,253 29,047
Legal and professional 1,800 17,929
Consultancy fees 158,487 117,357
Accountancy Fees 6,648 (4,000)
Bank charges 132 118
Bad debts 15,000 -
Profit/loss on exchange 590 -
General expenses 3,713 581
Compliance 11,781 -
Interest charges and penalties - 84
Subscriptions 9,779 8,664
  ─────────   ─────────
  358,124   266,694
  ═════════   ═════════