EACT GROUP LTD

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Report to the director on the preparation of the unaudited statutory accounts of EACT GROUP LTD for the year ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of EACT GROUP LTD for the year ended 30 September 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and from information and explanations you have given to us.

As a practising member of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.

This report is made solely to the director of EACT GROUP LTD , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of EACT GROUP LTD and state those matters that we have agreed to state to the director of EACT GROUP LTD , as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than EACT GROUP LTD and its director, as a body, for our work or for this report.

It is your duty to ensure that EACT GROUP LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of EACT GROUP LTD . You consider that EACT GROUP LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of EACT GROUP LTD . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Caroline Sands & Associates LLP

02/09/2025

Caroline Sands & Associates LLP

Chancellor Cottage

46 Holway Road

Sheringham

Norfolk

NR26 8HR

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EACT GROUP LTD

Balance Sheet

As At 30 September 2024

Balance Sheet

Registered number: 12911718

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		49,265		39,080

			49,265		39,080
CURRENT ASSETS
Debtors	5	67,159		20,734
Cash at bank and in hand		9,268		2,237

		76,427		22,971
Creditors: Amounts Falling Due Within One Year	6	(133,657 )		(50,803 )

NET CURRENT ASSETS (LIABILITIES)			(57,230 )		(27,832 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(7,965 )		11,248

Creditors: Amounts Falling Due After More Than One Year	7		(46,557 )		(43,809 )

NET LIABILITIES			(54,522 )		(32,561 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			(54,523 )		(32,562 )

SHAREHOLDERS' FUNDS			(54,522)		(32,561)

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EACT GROUP LTD

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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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

Mr Matthew Olby

Director

02/09/2025

The notes on pages 4 to 6 form part of these financial statements.

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EACT GROUP LTD

Notes to the Financial Statements

For The Year Ended 30 September 2024

Notes to the Financial Statements

1. General Information

EACT GROUP LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12911718 . The registered office is 46 Holway Road, Sheringham, NR26 8HR.

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. 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.

2.3. 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

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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EACT GROUP LTD

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

2.4. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 3)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 October 2023	53,291
Additions	25,990

As at 30 September 2024	79,281

Depreciation
As at 1 October 2023	14,211
Provided during the period	15,805

As at 30 September 2024	30,016

Net Book Value
As at 30 September 2024	49,265

As at 1 October 2023	39,080

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	67,159	5,399
Director's loan account	-	15,335

	67,159	20,734

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EACT GROUP LTD

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	3,948	3,948
Bank loans and overdrafts	15,628	15,628
Corporation tax	2,473	-
VAT	76,404	31,227
Other creditors (1)	34,248	-
Director's loan account	956	-

	133,657	50,803

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	46,557	43,809

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 October 2023	Amounts advanced	Amounts repaid	Amounts written off	As at 30 September 2024
	£	£	£	£	£
Mr Matthew Olby	2	2	-	-	-

The above loan is unsecured, interest free and repayable on demand.

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