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REGISTERED NUMBER: 08666228 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st July 2024

for

EIG Management Services Limited

EIG Management Services Limited (Registered number: 08666228)

Contents of the Financial Statements
for the Year Ended 31st July 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 4


EIG Management Services Limited

Company Information
for the Year Ended 31st July 2024







DIRECTORS: Mr D J Gillies
Mrs L Gillies





REGISTERED OFFICE: Ava Lodge
Castle Terrace
Berwick upon Tweed
Northumberland
TD15 1NP





REGISTERED NUMBER: 08666228 (England and Wales)





ACCOUNTANTS: McLaughlin Crolla LLP
77/2 Hanover Street
Edinburgh
EH2 1EE

EIG Management Services Limited

Report of the Accountants to the Directors of
EIG Management Services Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st July 2024 set out on pages four to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






McLaughlin Crolla LLP
77/2 Hanover Street
Edinburgh
EH2 1EE


21st November 2024

EIG Management Services Limited (Registered number: 08666228)

Balance Sheet
31st July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,543 7,487

CURRENT ASSETS
Debtors 5 58,836 52,192
Cash at bank and in hand 102,942 96,935
161,778 149,127
CREDITORS
Amounts falling due within one year 6 32,900 30,523
NET CURRENT ASSETS 128,878 118,604
TOTAL ASSETS LESS CURRENT LIABILITIES 133,421 126,091

CREDITORS
Amounts falling due after more than one year 7 9,220 15,004
NET ASSETS 124,201 111,087

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 124,191 111,077
SHAREHOLDERS' FUNDS 124,201 111,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

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 21st November 2024 and were signed on its behalf by:





Mr D J Gillies - Director


EIG Management Services Limited (Registered number: 08666228)

Notes to the Financial Statements
for the Year Ended 31st July 2024


1. STATUTORY INFORMATION

EIG Management Services 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.

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.
Improvements to property - 20% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

EIG Management Services Limited (Registered number: 08666228)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
Cost
At 1st August 2023
and 31st July 2024 6,361 2,510 4,177 13,048
Depreciation
At 1st August 2023 2,544 1,255 1,762 5,561
Charge for year 1,272 627 1,045 2,944
At 31st July 2024 3,816 1,882 2,807 8,505
Net book value
At 31st July 2024 2,545 628 1,370 4,543
At 31st July 2023 3,817 1,255 2,415 7,487

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,732 7,471
Other debtors 43,658 41,568
Prepayments and accrued income 1,446 3,153
58,836 52,192

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,875 5,875
Other loans 567 400
Trade creditors 2,313 3,592
Tax 5,067 3,812
Social security and other taxes 148 16
VAT 6,171 4,565
Directors' loan accounts 1,759 2,263
Accruals and deferred income 11,000 10,000
32,900 30,523

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,875 5,875
Bank loans - 2-5 years 3,345 9,129
9,220 15,004

EIG Management Services Limited (Registered number: 08666228)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 13,927 12,234
Between one and five years 32,894 18,421
46,821 30,655

9. RELATED PARTY DISCLOSURES

During the year, the company paid expenses on behalf of Raised Land Limited, a company in which D J Gillies is a director and shareholder. At the year end, the amount due from Raised Land Limited was £33,092 (2023: £31,365), and is included in other debtors.