Eyeam Enterprises Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14387162

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		15,722		19,502
Tangible Assets	5		1,980		2,970

			17,702		22,472
CURRENT ASSETS
Stocks	6	30,456		16,575
Debtors	7	13,534		133
Cash at bank and in hand		17,885		5,183

		61,875		21,891
Creditors: Amounts Falling Due Within One Year	8	(300,682 )		(102,733 )

NET CURRENT ASSETS (LIABILITIES)			(238,807 )		(80,842 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(221,105 )		(58,370 )

NET LIABILITIES			(221,105 )		(58,370 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(221,205 )		(58,470 )

SHAREHOLDERS' FUNDS			(221,105)		(58,370)

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Eyeam Enterprises Limited

Balance Sheet (continued)

As At 30 September 2024

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Margo Marrone

Director

1st September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Eyeam Enterprises Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14387162 . The registered office is 82, Wandsworth Bridge Road, London, SW6 2TF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis based on the directors continued support and that the company will trade out of the deficit position indicated by the Balance Sheet. The financial statements therefore do not include any adjustments that would result from a withdrawal of support or failure to trade out of the deficit position in respect of revaluing assets to their recoverable values or providing for further liabilities that might otherwise arise.

2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are amortised to the profit and loss account over its estimated economic life of 4 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25% Straight Line

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: NIL)

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Eyeam Enterprises Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

4. Intangible Assets

	Other
	£
Cost
As at 1 October 2023	26,003
Additions	3,630

As at 30 September 2024	29,633

Amortisation
As at 1 October 2023	6,501
Provided during the period	7,410

As at 30 September 2024	13,911

Net Book Value
As at 30 September 2024	15,722

As at 1 October 2023	19,502

5. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 October 2023	3,960

As at 30 September 2024	3,960

Depreciation
As at 1 October 2023	990
Provided during the period	990

As at 30 September 2024	1,980

Net Book Value
As at 30 September 2024	1,980

As at 1 October 2023	2,970

6. Stocks

	2024	2023
	£	£
Stock	30,456	16,575

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	2,267	-
Other debtors	11,267	133

	13,534	133

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Eyeam Enterprises Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	34,962	8,013
Other creditors	263,871	94,720
Taxation and social security	1,849	-

	300,682	102,733

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

10. Related Party Transactions

THe directors have lent the company monies on an unsecured, interest free basis with no fixed date for repayment. At the year end the balance owed to the directors amounted to £262,431 (2023: £93,280)

11. Transition to FRS 102

These financial statements have been prepared in accordance with Financial Reporting Standard 102 section 1A Small Entities having previously prepared its accounts under Financial Reporting Standard 105 for Micro Entities and has restated the comparative figures accordingly. There are no changes to the previously reported profit/loss or net assets for this transition.

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