ACCOUNTS - Final Accounts

Analysis of the maturity of loans is given below:

Registered number: 08850149

EAALS LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2025

EAALS LTD

REGISTERED NUMBER: 08850149

BALANCE SHEET

AS AT 31 JANUARY 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	5		1,154		-
			1,154		-
Current assets
Debtors: amounts falling due within one year	6	135,134		146,646
Cash at bank and in hand		112		111
		135,246		146,757
Creditors: amounts falling due within one year	7	(130,271)		(137,430)
Net current assets			4,975		9,327
Total assets less current liabilities			6,129		9,327
Creditors: amounts falling due after more than one year	8		(1,329)		(5,265)

Net assets			4,800		4,062

Capital and reserves
Called up share capital	100	100
Profit and loss account	4,700	3,962
	4,800	4,062

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EAALS LTD

REGISTERED NUMBER: 08850149

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Dr Y A Abdulaal Mahmoud

Director

Date: 22 October 2025

The notes on pages 3 to 7 form part of these financial statements.

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EAALS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1.Accounting policies

1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

1.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

1.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

1.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

1.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

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EAALS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1.Accounting policies (continued)

1.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, SELECT OR ENTER METHOD.

Depreciation is provided on the following basis:

Computer equipment

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

1.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

1.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

1.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

1.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

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EAALS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

2.	General information

EAALS Ltd is a private company, limited by shares, registered in England, registration number 08850149. The registered office is 19 Hollandbury Park, Kings Hill, West Malling, Kent, ME19 4BZ.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

No significant judgements have been made by management in preparing these financial statements

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

5.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	Additions	1,458
	At 31 January 2025	1,458
	Depreciation
	Charge for the year on owned assets	304
	At 31 January 2025	304
	Net book value
	At 31 January 2025	1,154
	At 31 January 2024	-

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EAALS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Debtors

					2025	2024
					£	£


Trade debtors	11,535	18,212
Other debtors	123,599	128,434
	135,134	146,646

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	1,968	1,827
Bank loans	3,928	3,829
Trade creditors	-	2,962
Corporation tax	121,036	126,312
Accruals and deferred income	3,339	2,500
	130,271	137,430

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	1,329	5,265
	1,329	5,265

Amounts falling due within one year
Bank loans	3,928	3,829

Amounts falling due 2-5 years
Bank loans	1,329	5,265

	5,257	9,094

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EAALS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

10.	Related party transactions
	During the year there were advances made to the director of £115,890 and repayments of £10,330. As at the balance sheet date the director owed the company £102,187 (2024 - £107,022) which is included within other debtors. The balance was partially repaid within 9 months of the year end. s455 tax has been paid on the rest. Interest has been charged on the overdrawn balance at 2.25%.

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