Easy Pre-Orders Limited
Easy Pre-Orders Limited
Registered number: 07597710
Unaudited Financial Statements
For the Period
1 April 2019
to
31 December 2019
EBS Chartered Accountants
Easy Pre-Orders Limited
Unaudited Financial Statements
For the Period
1 April 2019
to
31 December 2019
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Statement of Financial Position | 1—2 |
| Notes to the Financial Statements | 3—5 |
Easy Pre-Orders Limited
Statement of Financial Position
As at
31 December 2019
Statement of Financial Position
Registered number:
07597710
For the period ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 31 December 2019 | 31 March 2019 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 3 |
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| Tangible Assets | 4 |
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| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 7 |
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| NET ASSETS/(LIABILITIES) |
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| CAPITAL AND RESERVES | |||||
| Called up share capital |
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| Share premium account |
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| Income Statement |
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| SHAREHOLDERS' FUNDS | 132,986 | (1,550) | |||
Page 1
Easy Pre-Orders Limited
Statement of Financial Position (continued)
As at
31 December 2019
Directors' responsibilities:
-
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 Income Statement.
On behalf of the board
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Director
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Easy Pre-Orders Limited
Notes to the Financial Statements
For the Period
1 April 2019
to
31 December 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.
The turnover shown in the profit and loss account represents the value of all services delivered during the year, at
selling price. Sales are recognised at the point at which the company has fulfilled its contractual obligations to
the customer.
1.3.
Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.
Computer software is being amortised evenly over its estimated useful life of three years.
1.4.
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:
| Fixtures & Fittings |
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| Computer Equipment |
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1.5.
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.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2019: 5)
Page 3
Easy Pre-Orders Limited
Notes to the Financial Statements (continued)
For the Period
1 April 2019
to
31 December 2019
3.
Intangible Assets
| Other | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at
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| As at
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| Amortisation | |||
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| Provided during the period |
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| As at
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| Net Book Value | |||
| As at
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| As at
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4.
Tangible Assets
| Fixtures & Fittings | |
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| £ | |
| Cost | |
| As at
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| As at
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| Depreciation | |
| As at
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| Provided during the period |
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| As at
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| Net Book Value | |
| As at
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| As at
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5.
Debtors
| 31 December 2019 | 31 March 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors |
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| Deferred tax current asset | 16,426 | - | |
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Page 4
Easy Pre-Orders Limited
Notes to the Financial Statements (continued)
For the Period
1 April 2019
to
31 December 2019
6.
Creditors: Amounts Falling Due Within One Year
| 31 December 2019 | 31 March 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Bank loans and overdrafts |
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| Corporation tax |
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| VAT |
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| Other creditors |
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| Accruals and deferred income |
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| Directors' loan accounts |
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| Amounts owed to group undertakings |
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7.
Creditors: Amounts Falling Due After More Than One Year
| 31 December 2019 | 31 March 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans |
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8.
General Information
Easy Pre-Orders Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
07597710
. The registered office is 7 Soho Square, Soho Square, London, W1D 3QB.
Page 5