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REGISTERED NUMBER: 08631843 (England and Wales)















EAGLE EYE INNOVATIONS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






EAGLE EYE INNOVATIONS LTD (REGISTERED NUMBER: 08631843)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


EAGLE EYE INNOVATIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: D Smith
S Roberts
A Kasperczyk





REGISTERED OFFICE: Building B
Runcorn Road
Lincoln
Lincolnshire
LN6 3QP





REGISTERED NUMBER: 08631843 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

EAGLE EYE INNOVATIONS LTD (REGISTERED NUMBER: 08631843)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 219,548 242,046
Investments 5 1,300 75
220,848 242,121

CURRENT ASSETS
Debtors 6 1,215,398 1,091,390
Cash at bank 188,135 567,553
1,403,533 1,658,943
CREDITORS
Amounts falling due within one year 7 525,483 1,308,661
NET CURRENT ASSETS 878,050 350,282
TOTAL ASSETS LESS CURRENT LIABILITIES 1,098,898 592,403

CREDITORS
Amounts falling due after more than one year 8 (170,698 ) (176,495 )

PROVISIONS FOR LIABILITIES (49,729 ) (54,432 )
NET ASSETS 878,471 361,476

CAPITAL AND RESERVES
Called up share capital 10 401 400
Retained earnings 878,070 361,076
878,471 361,476

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

EAGLE EYE INNOVATIONS LTD (REGISTERED NUMBER: 08631843)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 July 2025 and were signed on its behalf by:





S Roberts - Director


EAGLE EYE INNOVATIONS LTD (REGISTERED NUMBER: 08631843)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Eagle Eye Innovations Ltd 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 is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from drone instruction is recognised by reference to the stage of completion at the statement of financial position date. Stage of completion is measured by reference to the date work is done.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on reducing balance, 33% on cost and 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

EAGLE EYE INNOVATIONS LTD (REGISTERED NUMBER: 08631843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 the income statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2024 - 26 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 347,293
Additions 124,283
Disposals (1,816 )
At 31 March 2025 469,760
DEPRECIATION
At 1 April 2024 105,247
Charge for year 146,539
Eliminated on disposal (1,574 )
At 31 March 2025 250,212
NET BOOK VALUE
At 31 March 2025 219,548
At 31 March 2024 242,046

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2024 75
Additions 1,225
At 31 March 2025 1,300
NET BOOK VALUE
At 31 March 2025 1,300
At 31 March 2024 75

EAGLE EYE INNOVATIONS LTD (REGISTERED NUMBER: 08631843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 428,017 645,081
Other debtors 787,381 446,309
1,215,398 1,091,390

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 49,003 43,801
Hire purchase contracts (see note 9) 11,787 -
Trade creditors 20,296 266,314
Taxation and social security 339,962 503,333
Other creditors 104,435 495,213
525,483 1,308,661

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans 127,493 176,495
Hire purchase contracts (see note 9) 43,205 -
170,698 176,495

9. LEASING AGREEMENTS

Total financial commitments, guarantees and contingencies which are not included in the statement of financial position amount to £80,299 (2024: £150,377).

10. CALLED UP SHARE CAPITAL

Allotted and Issued:
Number Class Nominal Value 2025 2024
£    £   

56 Ordinary A £1 56 56
100 Ordinary B £1 100 100
22 Ordinary C £1 22 22
22 Ordinary D £1 22 22
100 Ordinary E £1 100 100
100 Ordinary F £1 100 100
100 Ordinary 1p 1 1

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have a directors loan account totalling £284,888 overdrawn brought forward (2024: £267,702). During the year, the directors of the company borrowed £299,718 (2024: £284,807) from the company and repaid £9,145 (2024: £267,620). The balance at the end of the year totalled £575,462 overdrawn (2024: £284,888 overdrawn).