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Registration number: 08935663

East End Enterprises Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

East End Enterprises Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 11

 

East End Enterprises Limited

(Registration number: 08935663)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

83,375

88,869

Current assets

 

Stocks

5

15,000

15,000

Debtors

6

197,181

185,249

Cash at bank and in hand

 

34,318

38,823

 

246,499

239,072

Creditors: Amounts falling due within one year

7

(175,328)

(170,451)

Net current assets

 

71,171

68,621

Total assets less current liabilities

 

154,546

157,490

Creditors: Amounts falling due after more than one year

7

(28,504)

(34,648)

Provisions for liabilities

(20,843)

(16,884)

Net assets

 

105,199

105,958

Capital and reserves

 

Called up share capital

8

1

1

Revaluation reserve

73,231

73,231

Retained earnings

31,967

32,726

Shareholders' funds

 

105,199

105,958

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

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

East End Enterprises Limited

(Registration number: 08935663)
Balance Sheet as at 30 September 2024

Approved and authorised by the Board on 10 July 2025 and signed on its behalf by:
 

.........................................
Mr I Hashmi
Director

 

East End Enterprises Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 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:
30 St Giles'
Oxford
OX1 3LE

These financial statements were authorised for issue by the Board on 10 July 2025.

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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

East End Enterprises Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

On transition from UKGAAP to FRS 102, short leasehold land and buildings historical cost was £17,210 and a revaluation upon transition of FRS102 of £283,572. The cost carried forward as at the 30th September 2024 is £301,382 (2023: £301,382).

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

S/Term Leasehold Property

Straight-line over lease term

Plant and machinery

25% Straight line

Fixtures and fittings

25% Reducing balance

Office equipment

25% Straight-line

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 at the transaction price, 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.

 

East End Enterprises Limited

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

East End Enterprises Limited

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 27 (2023 - 29).

 

East End Enterprises Limited

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

4

Tangible assets

Short leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 October 2023

301,382

26,410

21,122

36,177

385,091

Additions

-

1,184

-

1,646

2,830

At 30 September 2024

301,382

27,594

21,122

37,823

387,921

Depreciation

At 1 October 2023

223,249

15,834

21,113

36,026

296,222

Charge for the year

5,203

2,904

9

208

8,324

At 30 September 2024

228,452

18,738

21,122

36,234

304,546

Carrying amount

At 30 September 2024

72,930

8,856

-

1,589

83,375

At 30 September 2023

78,133

10,576

9

151

88,869

Included within the net book value of land and buildings above is £72,930 (2023 - £78,133) in respect of short leasehold land and buildings. Short leasehold land and buildings historical cost was £17,810, and revaluation movement as at 1 April 2015 of £283,572, the cost carried forward as at 30th September 2024 is £301,382 (2023: £301,382).
 

 

East End Enterprises Limited

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

5

Stocks

2024
£

2023
£

Other inventories

15,000

15,000

6

Debtors

2024
£

2023
£

Trade debtors

2,093

12,800

Other debtors

195,088

172,449

197,181

185,249

 

East End Enterprises Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

6,002

5,858

Trade creditors

 

47,841

52,010

Taxation and social security

 

21,300

27,043

Accruals and deferred income

 

11,559

8,173

Other creditors

 

88,626

77,367

 

175,328

170,451

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

28,504

34,648

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       
 

East End Enterprises Limited

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

9

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Retained earnings
£

Total
£

Surplus/(deficit) on revaluation reserve

(5,203)

-

(5,203)

Transfer to/(from) profit and loss account

-

5,203

5,203

(5,203)

5,203

-

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

28,504

34,648

Current loans and borrowings

2024
£

2023
£

Bank borrowings

6,002

5,858

 

East End Enterprises Limited

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

11

Related party transactions

Summary of transactions with other related parties

2024
£

2023
£

Trenmile Limited

229,321

211,287

West End Enterprises Limited

(48,212)

(53,211)

HIL

5,646

5,646

Novandi Limited

(20,287)

(19,287)

Included in other debtors/(creditors) are funds due from/(to) the following companies owed by Mr I Hashmi. These amounts are interest free and there is no fixed date or repayment.