Registered number
03880725
eOffice 2000 Limited
Filleted Accounts
31 December 2024
eOffice 2000 Limited
Registered number: 03880725
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1,559,123 1,016,184
Tangible assets 4 385,656 190,279
Investments 5 111,101 109,052
2,055,880 1,315,515
Current assets
Debtors 6 408,701 773,762
Cash at bank and in hand 465,408 414,662
874,109 1,188,424
Creditors: amounts falling due within one year 7 (646,679) (420,928)
Net current assets 227,430 767,496
Net assets 2,283,310 2,083,011
Capital and reserves
Called up share capital 2,500,000 2,500,000
Profit and loss account (216,690) (416,989)
Shareholders' funds 2,283,310 2,083,011
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P P Mucelli
Director
Approved by the board on 21 May 2025
eOffice 2000 Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 to 10 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 11
3 Intangible fixed assets £
Cost
At 1 January 2024 1,035,424
Additions 556,552
At 31 December 2024 1,591,976
Amortisation
At 1 January 2024 19,240
Provided during the year 13,613
At 31 December 2024 32,853
Net book value
At 31 December 2024 1,559,123
At 31 December 2023 1,016,184
The cost includes £1,500,000 of trademarks and brands that are not amortised as they are considered to have an indefinite useful life. Other intangibles are being written off in equal annual instalments over their estimated economic life
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 1,619,460
Additions 292,934
At 31 December 2024 1,912,394
Depreciation
At 1 January 2024 1,429,181
Charge for the year 97,557
At 31 December 2024 1,526,738
Net book value
At 31 December 2024 385,656
At 31 December 2023 190,279
5 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 January 2024 60,652 48,400 109,052
Additions - 2,049 2,049
At 31 December 2024 60,652 50,449 111,101
Other investments of £45,328 (2021 £45,032) relates to Artwork held at cost.
6 Debtors 2024 2023
£ £
Trade debtors 95,350 53,143
Amounts owed by group undertakings and undertakings in which the company has a participating interest 81,000 419,000
Other debtors 232,351 301,619
408,701 773,762
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 289,855 42,298
Taxation and social security costs 24,413 95,652
Other creditors 332,411 282,978
646,679 420,928
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 4,704,646 3,308,473
9 Controlling party
The ultimate controlling party of eOffice 2000 Limited is eOffice Invest SA, a company incorporated in Luxembourg
10 Other information
eOffice 2000 Limited is a private company limited by shares and incorporated in England. Its registered office is:
57 Rathbone Place
London
W1T 1JU
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