Eeziklik Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10035015 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

EEZIKLIK LIMITED

Page

Company Information

1

Accountants' Report

2

Statement of Financial Position

3

to

4

Notes to the Financial Statements

5

to

8

DIRECTORS:

Mr G J Hill

Mr D P Botha

REGISTERED OFFICE:

57 London Road

High Wycombe

Buckinghamshire

HP11 1BS

REGISTERED NUMBER:

10035015 (England and Wales)

ACCOUNTANTS:

Seymour Taylor Audit Limited

57 London Road

High Wycombe

Buckinghamshire

HP11 1BS

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Statement of Financial Position. Readers are cautioned that the Income

Statement and certain other primary statements and the Report of the Directors are not required to be

filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Eeziklik Limited for the year ended 31 March 2019 which comprise the Income

Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the

company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Eeziklik Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eeziklik Limited and state those matters that we have agreed to state to the Board of Directors of Eeziklik Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eeziklik Limited and its Board of Directors, as a body, for our work or for this report.

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

We have not been instructed to carry out an audit or a review of the financial statements of Eeziklik Limited. 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 statutory financial statements.

Seymour Taylor Audit Limited

57 London Road

High Wycombe

Buckinghamshire

HP11 1BS

17 December 2019

FIXED ASSETS

Intangible assets

4

173,883

220,565

Tangible assets

5

1,786

1,894

Investments

6

1,136

1,136

176,805

223,595

CURRENT ASSETS

Debtors

7

-

42,000

Cash at bank

105,067

15,227

105,067

57,227

CREDITORS

Amounts falling due within one year

8

750,803

684,760

NET CURRENT LIABILITIES

(645,736

)

(627,533

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(468,931

)

(403,938

)

PROVISIONS FOR LIABILITIES

339

359

NET LIABILITIES

(469,270

)

(404,297

)

CAPITAL AND RESERVES

Called up share capital

9

200

99

Retained earnings

(469,470

)

(404,396

)

SHAREHOLDERS' FUNDS

(469,270

)

(404,297

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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.

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 on 17 December 2019 and were signed on its behalf by:

Mr G J Hill - Director

1.	STATUTORY INFORMATION

Eeziklik Limited is a private company limited by shares and incorporated in England and Wales. The

address of the company's registered office is 57 London Road, High Wycombe, Buckinghamshire,

HP11 1BS. The principle place of business is 8 Maplewood Gardens, Beaconsfield, Buckinghamshire,

HP9 1BU. The registered number is 10035015.

The presentation currency of these financial statements is Sterling (£), being the currency of the

primary economic market in which the entity operates (its functional currency). All amounts in these

financial statements have been rounded to the nearest pound unless stated otherwise.

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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small

Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK

and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared

under the historical cost convention.

The financial statements have been prepared on the going concern basis. Although at the statement of

financial position date the company had net current liabilities of £645,736 and total net liabilities of

£469,270, the directors believe it is appropriate for the financial statements to be prepared on this

basis.

The company's principal creditor is its directors who have confirmed their continuing support of the

company.

Preparation of consolidated financial statements

The financial statements contain information about Eeziklik Limited as an individual company and do

not contain consolidated financial information as the parent of a group. The company is exempt under

Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial

statements.

Turnover

Turnover from the rendering of services is recognised when the outcome of a transaction can be

estimated reliably following delivery of these services.

Where the outcome of the transaction cannot be measured reliably, turnover is only recognised to the

extent of the expenses recognised that are recoverable.

Intangible assets

Intangible assets acquired separately from a business are capitalised at cost. Intangible assets

acquired on business combinations are capitalised separately from goodwill if the fair value can be

measured reliably on initial recognition.

Intangible assets are amortised on a straight line basis over their useful economical lives as follows:

Software development - straight line over 3 or 4 years

The directors consider the above to be the useful economic life of the Software Development assets.

The directors review for impairment annually and subsequently a provision is recognised if required.

Tangible fixed assets

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.

Depreciation is provided at the following annual rate in order to write off the cost less estimated

residual value of each asset over its useful life:

Computer equipment - straight line - 33%

Investments in subsidiaries

Investments in subsidiaries are carried at cost less impairment.

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.

Foreign currencies

Transactions denominated in foreign currencies are translated into Sterling at the rate of exchange

ruling at the date of the transaction. Monetary assets and liabilities at the period end denominated in a

foreign currency are translated into Sterling at the rate of exchange ruling at the statement of financial

position date. Exchange differences are taken into account when arriving at the operating profit.

Financial instruments

The company has applied the provisions of Section 11 "Basic Financial Instruments" and Section 12

"Other Financial Instrument Issues" of FRS 102 to its financial statements.

Financial instruments are classified and accounted for, according to the substance of the contractual

arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument

is any contract that evidences a residual interest in the assets of the company after deducting all of its

liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Software

development

£

COST

At 1 April 2018

302,932

Additions

44,571

At 31 March 2019

347,503

AMORTISATION

At 1 April 2018

82,367

Amortisation for year

91,253

At 31 March 2019

173,620

NET BOOK VALUE

At 31 March 2019

173,883

At 31 March 2018

220,565

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2018

3,175

Additions

977

At 31 March 2019

4,152

DEPRECIATION

At 1 April 2018

1,281

Charge for year

1,085

At 31 March 2019

2,366

NET BOOK VALUE

At 31 March 2019

1,786

At 31 March 2018

1,894

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2018

and 31 March 2019

1,136

NET BOOK VALUE

At 31 March 2019

1,136

At 31 March 2018

1,136

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

-

42,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

2,000

1,481

Taxation and social security

9,900

6,930

Other creditors

738,903

676,349

750,803

684,760

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

200

Ordinary

£1

200

99

101 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.