EOS Group Ltd 05431621 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is property development. Digita Accounts Production Advanced 6.30.9574.0 true false true 05431621 2023-04-01 2024-03-31 05431621 2024-03-31 05431621 core:CurrentFinancialInstruments 2024-03-31 05431621 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05431621 core:FurnitureFittingsToolsEquipment 2024-03-31 05431621 core:OtherPropertyPlantEquipment 2024-03-31 05431621 bus:SmallEntities 2023-04-01 2024-03-31 05431621 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05431621 bus:FullAccounts 2023-04-01 2024-03-31 05431621 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05431621 bus:RegisteredOffice 2023-04-01 2024-03-31 05431621 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 05431621 bus:Director2 2023-04-01 2024-03-31 05431621 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05431621 core:FurnitureFittings 2023-04-01 2024-03-31 05431621 core:MotorVehicles 2023-04-01 2024-03-31 05431621 core:OfficeEquipment 2023-04-01 2024-03-31 05431621 core:PlantMachinery 2023-04-01 2024-03-31 05431621 countries:England 2023-04-01 2024-03-31 05431621 2023-03-31 05431621 core:CostValuation 2023-03-31 05431621 core:FurnitureFittingsToolsEquipment 2023-03-31 05431621 core:OtherPropertyPlantEquipment 2023-03-31 05431621 2022-04-01 2023-03-31 05431621 2023-03-31 05431621 core:CurrentFinancialInstruments 2023-03-31 05431621 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 05431621

EOS Group Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

EOS Group Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

EOS Group Ltd

Company Information

Directors

AR Muncey

J Docherty

Company secretary

AR Muncey

Registered office

Aspen Lodge
Stone Cross
Crowborough
East Sussex
TN6 3SJ

Accountants

CRK Accounting Limited
12a Fleet Business Park
Sandy Lane
Church Crookham
Fleet
Hampshire
GU52 8BF

 

EOS Group Ltd

(Registration number: 05431621)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

5

1

2

Current assets

 

Debtors

179,947

242,631

Cash at bank and in hand

 

8,310

11,569

 

188,257

254,200

Creditors: Amounts falling due within one year

6

(336,362)

(352,014)

Net current liabilities

 

(148,105)

(97,814)

Net liabilities

 

(148,104)

(97,812)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(148,105)

(97,813)

Shareholders' deficit

 

(148,104)

(97,812)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 November 2024 and signed on its behalf by:
 

.........................................
AR Muncey
Company secretary and director

 

EOS Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Aspen Lodge
Stone Cross
Crowborough
East Sussex
TN6 3SJ
United Kingdom

These financial statements were authorised for issue by the Board on 18 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

EOS Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

50% straight line

Motor vehicles

25% reducing balance

Fixtures and fittings

50% straight line

Office equipment

50% straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

 

EOS Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

EOS Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

5,271

2,684

7,955

At 31 March 2024

5,271

2,684

7,955

Depreciation

At 1 April 2023

5,271

2,684

7,955

At 31 March 2024

5,271

2,684

7,955

Carrying amount

At 31 March 2024

-

-

-

5

Investments

2024
£

2023
£

Investments in subsidiaries

1

2

Subsidiaries

£

Cost or valuation

At 1 April 2023

1

Provision

Carrying amount

At 31 March 2024

1

At 31 March 2023

2

6

Creditors

Creditors: amounts falling due within one year

 

EOS Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

2024
£

2023
£

Due within one year

Trade creditors

-

10,488

Accruals and deferred income

2,500

4,625

Other creditors

333,862

336,901

336,362

352,014