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Registration number: 07215800

E A C Management Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

E A C Management Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

E A C Management Limited

Company Information

Director

Hugh Wyke Evans

Registered office

3rd Floor
Lawford House
Albert Place
London
N3 1QA

Accountants

Sterlings Ltd
Chartered AccountantsLawford House
Albert Place
London
N3 1QA

 

E A C Management Limited

(Registration number: 07215800)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

2,908

3,129

Current assets

 

Debtors

6

1,347,232

898,954

Cash at bank and in hand

 

46,083

96,961

 

1,393,315

995,915

Creditors: Amounts falling due within one year

7

(383,720)

(103,503)

Net current assets

 

1,009,595

892,412

Net assets

 

1,012,503

895,541

Capital and reserves

 

Called up share capital

8

1

1

Profit and loss account

1,012,502

895,540

Shareholders' funds

 

1,012,503

895,541

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 March 2025
 

.........................................
Hugh Wyke Evans
Director

 

E A C Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

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

The address of its registered office is:
3rd Floor
Lawford House
Albert Place
London
N3 1QA

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.

Revenue recognition

Turnover is the amount receivable for contracting of architectural services, consulting, training services and placement fees excluding VAT.

Revenue is recognised on training architectural services and consulting when the stage of completion can be reliably measured using a percentage of completion method. For consultancy revenue, the company carries the risks and rewards for the revenue and therefore the company is acting as the principal and therefore shows revenue as gross.

Placement fee is recognised in full when the candidate takes up their new employment.

Foreign currency transactions and balances

Assets and liabilities in foreign currencies are translated into sterling at the rates 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 result.

Tax

Taxation for the year comprises current 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 balance sheet date.

 

E A C Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

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.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life as follows:

Asset class

Depreciation method and rate

Plant and machinery

Straight line over 3 years

Fixtures and fittings

20% on reducing balance

Computer equipment

Straight line over 3 years

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.

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.

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

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 4).

 

E A C Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Profit/loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

1,453

1,513

5

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Computer equipment
£

Total
£

Cost or valuation

At 1 July 2023

3,169

8,656

21,796

33,621

Additions

-

-

1,232

1,232

At 30 June 2024

3,169

8,656

23,028

34,853

Depreciation

At 1 July 2023

1,429

8,656

20,407

30,492

Charge for the year

348

-

1,105

1,453

At 30 June 2024

1,777

8,656

21,512

31,945

Carrying amount

At 30 June 2024

1,392

-

1,516

2,908

At 30 June 2023

1,740

-

1,389

3,129

6

Debtors

Current

2024
£

2023
£

Trade debtors

494,024

100,943

Amounts owed by group undertakings

850,795

772,073

Prepayments and accrued income

992

20,517

Other debtors

1,421

5,421

 

1,347,232

898,954

 

E A C Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

11,000

43,612

Taxation and social security

101,472

25,994

Accruals and deferred income

238,990

12,750

Other creditors

32,258

21,147

383,720

103,503

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

9

Related party transactions

The company has taken advantage of the exemption available with FRS 102 whereby it has not disclosed transactions with its parent company or any other other wholly owned subsidiary undertakings of the group.

10

Controlling party

The smallest group for which the consolidated financial statements are prepared, which include the results of E A C Management Limited, is that headed by EA Group Holdings Pty Limited, whose registered office is Level 22, Collins Square Tower Five, 727 Collins Street, Docklands, VIC 3008, Australia.