Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01trueNo description of principal activity125trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12100070 2023-01-01 2023-12-31 12100070 2022-01-01 2022-12-31 12100070 2023-12-31 12100070 2022-12-31 12100070 c:Director1 2023-01-01 2023-12-31 12100070 d:PlantMachinery 2023-01-01 2023-12-31 12100070 d:ComputerEquipment 2023-01-01 2023-12-31 12100070 d:CurrentFinancialInstruments 2023-12-31 12100070 d:CurrentFinancialInstruments 2022-12-31 12100070 d:Non-currentFinancialInstruments 2023-12-31 12100070 d:Non-currentFinancialInstruments 2022-12-31 12100070 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12100070 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12100070 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 12100070 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 12100070 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 12100070 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 12100070 d:ShareCapital 2023-12-31 12100070 d:ShareCapital 2022-12-31 12100070 d:RetainedEarningsAccumulatedLosses 2023-12-31 12100070 d:RetainedEarningsAccumulatedLosses 2022-12-31 12100070 c:FRS102 2023-01-01 2023-12-31 12100070 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12100070 c:FullAccounts 2023-01-01 2023-12-31 12100070 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12100070 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12100070









E1 HOSPITALITY SOLUTIONS LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
E1 HOSPITALITY SOLUTIONS LTD
REGISTERED NUMBER: 12100070

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
-
6,321

Debtors: amounts falling due within one year
 4 
10,398
27,373

Cash at bank and in hand
 5 
20,149
29,431

  
30,547
63,125

Creditors: amounts falling due within one year
 6 
(11,765)
(40,711)

Net current assets
  
 
 
18,782
 
 
22,414

Total assets less current liabilities
  
18,782
22,414

Creditors: amounts falling due after more than one year
 7 
(18,362)
(26,349)

  

Net assets/(liabilities)
  
420
(3,935)


Capital and reserves
  

Called up share capital 
  
500,000
500,000

Profit and loss account
  
(499,580)
(503,935)

  
420
(3,935)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Page 1

 
E1 HOSPITALITY SOLUTIONS LTD
REGISTERED NUMBER: 12100070
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

................................................
Huseyin Ozan Vedat
Director

Date: 21 November 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
E1 HOSPITALITY SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

E1 Hospitality Solutions is a private company, limited by shares, registered in England and Wales. The
company's registered number and registered office address are as below:
Registered number: 12100070
Registered office: The Courtyard, 14a Sydenham Road, Croydon, England, CR0 2EE..

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
E1 HOSPITALITY SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
E1 HOSPITALITY SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
SLM
Computer equipment
-
33%
SLM

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
E1 HOSPITALITY SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

2023
2022
£
£

Wages and salaries
19,376
529,769

Social security costs
2,228
48,251

Cost of defined contribution scheme
408
9,116

22,012
587,136


The average monthly number of employees, including directors, during the year was 1 (2022 - 25).


4.


Debtors

2023
2022
£
£


Trade debtors
-
7,586

Amounts owed by joint ventures and associated undertakings
10,317
18,789

Other debtors
81
803

Prepayments and accrued income
-
195

10,398
27,373



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
20,149
29,431

20,149
29,431


Page 6

 
E1 HOSPITALITY SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,648
10,648

Other loans
973
21,530

Trade creditors
-
397

Other taxation and social security
144
4,167

Other creditors
-
337

Accruals and deferred income
-
3,632

11,765
40,711



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
18,362
26,349

18,362
26,349



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,648
10,648

Other loans
971
21,530


11,619
32,178


Amounts falling due 2-5 years

Bank loans
18,362
26,349


18,362
26,349


29,981
58,527


 
Page 7