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REGISTERED NUMBER: 04877964 (England and Wales)









Financial Statements

for the Year Ended 31 August 2024

for

2E Effects Limited

2E Effects Limited (Registered number: 04877964)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


2E Effects Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: K Tuohy
D Tuohy





SECRETARY: J L Tuohy





REGISTERED OFFICE: 45 Pemberton Road
East Moseley
Surrey
KT8 9LG





REGISTERED NUMBER: 04877964 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

2E Effects Limited (Registered number: 04877964)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 144,906 108,798

CURRENT ASSETS
Debtors 5 269,962 292,179
Cash at bank 1,078,733 1,325,607
1,348,695 1,617,786
CREDITORS
Amounts falling due within one year 6 (60,299 ) (149,745 )
NET CURRENT ASSETS 1,288,396 1,468,041
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,433,302

1,576,839

PROVISIONS FOR LIABILITIES (36,227 ) (27,058 )
NET ASSETS 1,397,075 1,549,781

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 1,396,974 1,549,680
SHAREHOLDERS' FUNDS 1,397,075 1,549,781

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





D Tuohy - Director


2E Effects Limited (Registered number: 04877964)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

2E Effects 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 statements is the Pound Sterling (£).


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 represents the invoiced value of goods and services supplied by the company, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 33.33% on cost
Fixtures and fittings - 33.33% on cost
Motor vehicles - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 ) .

2E Effects Limited (Registered number: 04877964)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 September 2023 292,401
Additions 99,779
At 31 August 2024 392,180
DEPRECIATION
At 1 September 2023 183,603
Charge for year 63,671
At 31 August 2024 247,274
NET BOOK VALUE
At 31 August 2024 144,906
At 31 August 2023 108,798

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,527 42,900
Other debtors 248,435 249,279
269,962 292,179

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 14,727 -
Taxation and social security 38,574 146,746
Other creditors 6,998 2,999
60,299 149,745

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
D Tuohy
Balance outstanding at start of year 103,291 79,811
Amounts advanced 88,674 23,480
Amounts repaid (103,291 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 88,674 103,291