Company Registration No. 06399726 (England and Wales)
Eye4Retail Ltd
Unaudited accounts
for the year ended 30 April 2024
Eye4Retail Ltd
Unaudited accounts
Contents
Eye4Retail Ltd
Company Information
for the year ended 30 April 2024
Directors
Arron Franklin
Arron Franklin
Company Number
06399726 (England and Wales)
Registered Office
BROOKSIDE TILFORD ROAD
CHURT
FARNHAM
GU10 2LH
ENGLAND
Eye4Retail Ltd
Statement of financial position
as at 30 April 2024
Investments
1,243,757
1,117,965
Debtors
3,997,597
4,023,384
Cash at bank and in hand
155,358
250,517
Creditors: amounts falling due within one year
(96,518)
(116,791)
Net current assets
4,056,437
4,157,110
Net assets
5,300,194
5,279,391
Called up share capital
100
100
Profit and loss account
5,300,094
5,279,291
Shareholders' funds
5,300,194
5,279,391
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2024 and were signed on its behalf by
Arron Franklin
Director
Company Registration No. 06399726
Eye4Retail Ltd
Notes to the Accounts
for the year ended 30 April 2024
Eye4Retail Ltd is a private company, limited by shares, registered in England and Wales, registration number 06399726. The registered office is BROOKSIDE TILFORD ROAD, CHURT, FARNHAM, GU10 2LH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain assets.
Going concern
The director has carefully considered the impact of global geopolitical developments on the operations of the company.
Actions had already been taken in previous financial years to address risks identified then and the director considers that the company has sufficient funds to meet its obligations as they fall due for a period of at least 12 months from the date of signing of these financial statements.
Consequently, the company continues to adopt the going concern basis for preparing these financial statements.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant and machinery - 50% on cost
Motor vehicles - 33% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Eye4Retail Ltd
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 May 2023
12,556
9,614
22,170
Disposals
(12,556)
-
(12,556)
At 30 April 2024
-
9,614
9,614
At 1 May 2023
8,240
9,614
17,854
On disposals
(8,240)
-
(8,240)
At 30 April 2024
-
9,614
9,614
At 30 April 2023
4,316
-
4,316
5
Investments
Other investments
Valuation at 1 May 2023
1,117,965
Fair value adjustments
(74,596)
Valuation at 30 April 2024
1,243,757
Listed Investments are stated at fair value at the year end. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.
Amounts falling due within one year
Trade debtors
2,035
27,822
Other debtors
3,995,562
3,995,562
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
14,153
24,287
Taxes and social security
7,758
9,941
Other creditors
72,238
72,238
Eye4Retail Ltd
Notes to the Accounts
for the year ended 30 April 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Transactions with related parties
Included under "Other Debtors" is an amount due of £3,995,562 (2023: £3,995,562) from a company related to Eye4Retail Ltd through common ownership.
The loan is interest free and repayable on demand.
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).