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REGISTERED NUMBER: 03507551 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

EGROUP (UK) LIMITED

EGROUP (UK) LIMITED (REGISTERED NUMBER: 03507551)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


EGROUP (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: M Ebrahimjee





SECRETARY: Mrs S Ebrahimjee





REGISTERED OFFICE: 505 Pinner Road
Harrow
Middlesex
HA2 6EH





REGISTERED NUMBER: 03507551 (England and Wales)





ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
EGROUP (UK) LIMITED


The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Egroup (UK) Limited for the year ended 31 May 2024 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Egroup (UK) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Egroup (UK) Limited and state those matters that we have agreed to state to the director of Egroup (UK) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Egroup (UK) Limited and its director for our work or for this report.

It is your duty to ensure that Egroup (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Egroup (UK) Limited. You consider that Egroup (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Egroup (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


20 February 2025

EGROUP (UK) LIMITED (REGISTERED NUMBER: 03507551)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

31/5/24 31/5/23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 283,536 289,099
Investment property 5 254,390 254,390
537,926 543,489

CURRENT ASSETS
Stocks 6 149,851 142,921
Debtors 7 116,365 214,557
Cash at bank and in hand 2,554,025 2,186,579
2,820,241 2,544,057
CREDITORS
Amounts falling due within one year 8 1,092,249 950,051
NET CURRENT ASSETS 1,727,992 1,594,006
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,265,918

2,137,495

PROVISIONS FOR LIABILITIES 9 799 836
NET ASSETS 2,265,119 2,136,659

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 2,265,019 2,136,559
SHAREHOLDERS' FUNDS 2,265,119 2,136,659

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

EGROUP (UK) LIMITED (REGISTERED NUMBER: 03507551)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2024


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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 February 2025 and were signed by:





M Ebrahimjee - Director


EGROUP (UK) LIMITED (REGISTERED NUMBER: 03507551)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Egroup (UK) 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 statement have been prepared in accordance with Financial Reporting Standard 102 -1A" The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006". The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of pharmaceuticals, Toiletries and Health foods goods, excluding value added tax. Revenue is recognised when the company has rights to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investment property
Investment property whose fair value can be measured reliably without undue cost or effort shall be measured at fair value at each reporting date with changes in fair value recognised in profit and loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

EGROUP (UK) LIMITED (REGISTERED NUMBER: 03507551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating profit.

Government grants
Grants provided by the government for the purpose of giving immediate financial support in respect of Covid-19 are recognised in the accounting period in which they are received, under accrual model.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£ £ £ £ £
COST
At 1 June 2023
and 31 May 2024 328,500 17,373 18,527 20,403 384,803
DEPRECIATION
At 1 June 2023 43,800 16,068 16,459 19,377 95,704
Charge for year 4,380 327 517 339 5,563
At 31 May 2024 48,180 16,395 16,976 19,716 101,267
NET BOOK VALUE
At 31 May 2024 280,320 978 1,551 687 283,536
At 31 May 2023 284,700 1,305 2,068 1,026 289,099

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 June 2023
and 31 May 2024 254,390
NET BOOK VALUE
At 31 May 2024 254,390
At 31 May 2023 254,390

In the opinion of the directors, the market value of the investment property is £254,390.

6. STOCKS
31/5/24 31/5/23
£ £
Stocks 149,851 142,921

EGROUP (UK) LIMITED (REGISTERED NUMBER: 03507551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£ £
Trade debtors 56,700 153,266
Amounts owed by group undertakings 55,000 55,000
VAT 4,665 6,291
116,365 214,557

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£ £
Trade creditors 330,191 369,001
Tax 56,325 38,585
Social security and other taxes 5,510 884
Other creditors 541,241 410,069
Directors' current accounts 155,482 128,512
Accrued expenses 3,500 3,000
1,092,249 950,051

9. PROVISIONS FOR LIABILITIES
31/5/24 31/5/23
£ £
Deferred tax 799 836

Deferred tax
£
Balance at 1 June 2023 836
Accelerated capital allowances (37 )
Balance at 31 May 2024 799

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/24 31/5/23
value: £ £
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£

At 1 June 2023 2,136,559
Profit for the year 163,460
Dividends (35,000 )
At 31 May 2024 2,265,019

EGROUP (UK) LIMITED (REGISTERED NUMBER: 03507551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the company paid a dividend of £35,000 (2023: £34,600) to the director.

13. ULTIMATE CONTROLLING PARTY

The director is the ultimate controller as he holds the majority all the issued share capital of the company.