Euphoric Ltd

Euphoric Ltd

EUPHORIC LTD - Company Information

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1 October 2020 false No description of principal activity Taxfiler 2022.6 true 04744985business:PrivateLimitedCompanyLtd2020-10-012021-09-29 047449852020-09-30 047449852020-10-012021-09-29 04744985business:AuditExempt-NoAccountantsReport2020-10-012021-09-29 04744985business:FullAccounts2020-10-012021-09-29 047449852021-09-29 04744985business:Director12020-10-012021-09-29 04744985business:CompanySecretary12020-10-012021-09-29 04744985business:RegisteredOffice2020-10-012021-09-29 047449852020-09-30 04744985core:WithinOneYear2021-09-29 04744985core:WithinOneYear2020-09-30 04744985core:AfterOneYear2021-09-29 04744985core:AfterOneYear2020-09-30 04744985core:ShareCapital2021-09-29 04744985core:ShareCapital2020-09-30 04744985core:RetainedEarningsAccumulatedLosses2021-09-29 04744985core:RetainedEarningsAccumulatedLosses2020-09-30 04744985business:SmallEntities2020-10-012021-09-29 04744985countries:EnglandWales2020-10-012021-09-29 04744985core:PlantMachinery2020-10-012021-09-29 04744985core:ComputerEquipment2020-10-012021-09-29 04744985core:PlantMachinery2020-09-30 04744985core:ComputerEquipment2020-09-30 04744985core:PlantMachinery2021-09-29 04744985core:ComputerEquipment2021-09-29 047449852019-10-012020-09-30 iso4217:GBP xbrli:pure
Company Registration No. 04744985 (England and Wales)
Euphoric Ltd Unaudited accounts for the period from 1 October 2020 to 29 September 2021
Euphoric Ltd Unaudited accounts Contents
Page
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Euphoric Ltd Company Information for the period from 1 October 2020 to 29 September 2021
Director
Z L Bartlett
Secretary
A C Clark
Company Number
04744985 (England and Wales)
Registered Office
BIRCHWOOD HOUSE 88 BROOMFIELD AVENUE WORTHING BN14 7SB ENGLAND
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Euphoric Ltd Statement of financial position as at 29 September 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,943 
673 
Current assets
Inventories
5,060 
5,310 
Debtors
5
- 
2,764 
Cash at bank and in hand
10,400 
17,522 
15,460 
25,596 
Creditors: amounts falling due within one year
6
(25,816)
(47,862)
Net current liabilities
(10,356)
(22,266)
Total assets less current liabilities
(8,413)
(21,593)
Creditors: amounts falling due after more than one year
7
(11,856)
(16,297)
Net liabilities
(20,269)
(37,890)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(20,270)
(37,891)
Shareholders' funds
(20,269)
(37,890)
For the period ending 29 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 June 2022 and were signed on its behalf by
Z L Bartlett Director Company Registration No. 04744985
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Euphoric Ltd Notes to the Accounts for the period from 1 October 2020 to 29 September 2021
1
Statutory information
Euphoric Ltd is a private company, limited by shares, registered in England and Wales, registration number 04744985. The registered office is BIRCHWOOD HOUSE, 88 BROOMFIELD AVENUE, WORTHING, BN14 7SB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Computer equipment
25% Straight line
Going concern
The company is dependent on the support of the director Z L Bartlett in its ability to continue as a going concern. The director is the major creditor of the company and has confirmed that this loan will not be repaid until the company is in a position to do so. Therefore the director considers that it is appropriate for the financial statements to be prepared on a going concern basis. At the time of signing the accounts the board of directors feel that there has been no long term impact on the business caused by COVID 19 restrictions and there is no material uncertainty that casts any doubt on the entity's ability to continue as a going concern.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2020
27,805 
1,658 
29,463 
Additions
1,980 
- 
1,980 
At 29 September 2021
29,785 
1,658 
31,443 
Depreciation
At 1 October 2020
27,134 
1,656 
28,790 
Charge for the period
710 
- 
710 
At 29 September 2021
27,844 
1,656 
29,500 
Net book value
At 29 September 2021
1,941 
2 
1,943 
At 30 September 2020
671 
2 
673 
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Euphoric Ltd Notes to the Accounts for the period from 1 October 2020 to 29 September 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Other debtors
- 
2,764 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
3,942 
3,761 
VAT
1,509 
1,509 
Trade creditors
621 
681 
Taxes and social security
827 
10 
Loans from directors
18,122 
41,106 
Accruals
795 
795 
25,816 
47,862 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
11,856 
16,297 
8
Average number of employees
During the period the average number of employees was 1 (2020: 1).
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