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REGISTERED NUMBER: 07510041 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JANUARY 2024

FOR

EVERYTHING IS OKAY LIMITED

EVERYTHING IS OKAY LIMITED (REGISTERED NUMBER: 07510041)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EVERYTHING IS OKAY LIMITED

COMPANY INFORMATION
for the Year Ended 30 January 2024







DIRECTORS: N Belzer
H Lloyd-Baker





REGISTERED OFFICE: 4-5 Fitzroy House
18 Ashwin Street
London
E8 3DL





REGISTERED NUMBER: 07510041 (England and Wales)





ACCOUNTANTS: KNIGHT WHEELER LIMITED
Chartered Accountants
54 Sun Street
Waltham Abbey
Essex
EN9 1EJ

EVERYTHING IS OKAY LIMITED (REGISTERED NUMBER: 07510041)

BALANCE SHEET
30 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 225,739 191,650

CURRENT ASSETS
Debtors 5 272,643 244,595
Cash at bank and in hand 206,901 250,217
479,544 494,812
CREDITORS
Amounts falling due within one year 6 (223,952 ) (249,494 )
NET CURRENT ASSETS 255,592 245,318
TOTAL ASSETS LESS CURRENT
LIABILITIES

481,331

436,968

CREDITORS
Amounts falling due after more than one year 7 (33,992 ) (10,724 )

PROVISIONS FOR LIABILITIES 8 (40,952 ) (34,050 )
NET ASSETS 406,387 392,194

CAPITAL AND RESERVES
Called up share capital 4 400
Retained earnings 406,383 391,794
406,387 392,194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 2024 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.

EVERYTHING IS OKAY LIMITED (REGISTERED NUMBER: 07510041)

BALANCE SHEET - continued
30 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:




N Belzer - Director



H Lloyd-Baker - Director


EVERYTHING IS OKAY LIMITED (REGISTERED NUMBER: 07510041)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 January 2024

1. STATUTORY INFORMATION

Everything is Okay 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 statement is the Pound Sterling (£) which is the functional currency of the company and rounded to the nearest £.

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

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Production equipment - 20% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

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

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.

EVERYTHING IS OKAY LIMITED (REGISTERED NUMBER: 07510041)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 January 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Trade and other payables
Trade and other payables are measured at their transaction price unless the arrangement constitutes a financing transaction in which case the transaction is measured at present value of future payments discounted at prevailing market rate of interest.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and any short term deposits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Production and Motor
equipment fittings vehicles Totals
£    £    £    £   
COST
At 31 January 2023 336,843 42,150 42,500 421,493
Additions 84,040 19,428 - 103,468
At 30 January 2024 420,883 61,578 42,500 524,961
DEPRECIATION
At 31 January 2023 178,069 26,274 25,500 229,843
Charge for year 48,563 12,316 8,500 69,379
At 30 January 2024 226,632 38,590 34,000 299,222
NET BOOK VALUE
At 30 January 2024 194,251 22,988 8,500 225,739
At 30 January 2023 158,774 15,876 17,000 191,650

EVERYTHING IS OKAY LIMITED (REGISTERED NUMBER: 07510041)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 180,395 175,671
Amounts owed by participating interests 13,000 13,000
Other debtors 12,865 11,952
Directors' current accounts 36,698 34,911
Prepayments 29,685 9,061
272,643 244,595

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 50,321 110,763
Hire purchase contracts 40,081 23,139
Trade creditors 53,395 60,412
Tax 12,094 1,633
VAT 51,696 38,415
Other creditors 5,896 9,351
Credit card 10,469 5,781
223,952 249,494

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 33,992 10,724

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 40,952 34,050

Deferred
tax
£   
Balance at 31 January 2023 34,050
Provided during year 6,902
Balance at 30 January 2024 40,952

EVERYTHING IS OKAY LIMITED (REGISTERED NUMBER: 07510041)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 January 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 January 2024 and 30 January 2023:

2024 2023
£    £   
N Belzer
Balance outstanding at start of year 34,911 34,060
Amounts advanced 1,787 851
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 36,698 34,911

Interest has been charged at 2.5% on the above director's loan balance.

10. RELATED PARTY DISCLOSURES

Glotto Ltd

A company in which Mr N Belzer is a director and shareholder.


2024 2023
£    £   
Amount due from related party at the balance sheet date 13,000 13,000