| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JANUARY 2025 |
| FOR |
| EVERYTHING IS OKAY LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JANUARY 2025 |
| FOR |
| EVERYTHING IS OKAY LIMITED |
| EVERYTHING IS OKAY LIMITED (REGISTERED NUMBER: 07510041) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 January 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| EVERYTHING IS OKAY LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 30 January 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 54 Sun Street |
| Waltham Abbey |
| Essex |
| EN9 1EJ |
| EVERYTHING IS OKAY LIMITED (REGISTERED NUMBER: 07510041) |
| BALANCE SHEET |
| 30 January 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| EVERYTHING IS OKAY LIMITED (REGISTERED NUMBER: 07510041) |
| BALANCE SHEET - continued |
| 30 January 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| EVERYTHING IS OKAY LIMITED (REGISTERED NUMBER: 07510041) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 January 2025 |
| 1. | STATUTORY INFORMATION |
| Everything is Okay Limited is a |
| The presentation currency of the financial statement is the Pound Sterling (£) which is the functional currency of the company and rounded to the nearest £. |
| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Production equipment | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| 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 balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. |
| 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 profit or loss in the period to which they relate. |
| EVERYTHING IS OKAY LIMITED (REGISTERED NUMBER: 07510041) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 January 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Debtors and creditors receivable/payable within one year |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
| Trade and other payables |
| Trade and other payables are measured at their transaction price unless the arrangement constitutes a financing transaction in which case the transaction is measured at present value of future payments discounted at prevailing market rate of interest. |
| Cash and cash equivalents |
| Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and any short term deposits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Production | and | Motor |
| equipment | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 31 January 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 January 2025 |
| DEPRECIATION |
| At 31 January 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 January 2025 |
| NET BOOK VALUE |
| At 30 January 2025 |
| At 30 January 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Amounts owed by participating interests | 13,000 | 13,000 |
| Other debtors |
| Directors' current accounts | 38,021 | 37,094 |
| Prepayments |
| EVERYTHING IS OKAY LIMITED (REGISTERED NUMBER: 07510041) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 January 2025 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Other loans |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| VAT | 58,661 | 51,696 |
| Other creditors |
| Credit card | 9,779 | 10,469 |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Hire purchase contracts |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| The bank loan has been secured by way of a fixed and floating charge over the assets of the company including the book debts. |
| 9. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax | 47,992 | 40,952 |
| Deferred |
| tax |
| £ |
| Balance at 31 January 2024 |
| Provided during year |
| Balance at 30 January 2025 |
| EVERYTHING IS OKAY LIMITED (REGISTERED NUMBER: 07510041) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 January 2025 |
| 10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 January 2025 and 30 January 2024: |
| 2025 | 2024 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Interest has been charged at 2.5% on the above director's loan balance. |
| 11. | RELATED PARTY DISCLOSURES |
| Glotto Ltd |
| A company in which Mr N Belzer is a director and shareholder. |
| 2025 | 2024 |
| £ | £ |
| Amount due from related party at the balance sheet date | 13,000 | 13,000 |