EEEGR Filleted accounts for Companies House (small and micro)

EEEGR Filleted accounts for Companies House (small and micro)

EEEGR - Company Information

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25 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 1 1 1 xbrli:pure xbrli:shares iso4217:GBP 04117847 2022-04-01 2023-03-31 04117847 2023-03-31 04117847 2022-03-31 04117847 2021-04-01 2022-03-31 04117847 2022-03-31 04117847 bus:Director2 2022-04-01 2023-03-31 04117847 core:WithinOneYear 2023-03-31 04117847 core:WithinOneYear 2022-03-31 04117847 core:FurnitureFittings 2022-03-31 04117847 core:FurnitureFittings 2023-03-31 04117847 core:FurnitureFittings 2022-04-01 2023-03-31 04117847 core:RetainedEarningsAccumulatedLosses 2023-03-31 04117847 core:RetainedEarningsAccumulatedLosses 2022-03-31 04117847 core:BetweenOneFiveYears 2023-03-31 04117847 core:BetweenOneFiveYears 2022-03-31 04117847 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 04117847 core:Non-currentFinancialInstruments 2023-03-31 04117847 core:Non-currentFinancialInstruments 2022-03-31 04117847 core:FurnitureFittings 2022-03-31 04117847 bus:SmallEntities 2022-04-01 2023-03-31 04117847 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04117847 bus:FullAccounts 2022-04-01 2023-03-31 04117847 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 04117847 bus:CompanyLimitedByGuarantee 2022-04-01 2023-03-31 04117847 core:ToolsEquipment 2022-03-31 04117847 core:ToolsEquipment 2022-04-01 2023-03-31 04117847 core:ToolsEquipment 2023-03-31 04117847 core:AllAssociates 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 04117847
EEEGR
Company Limited by Guarantee
Unaudited financial statements
31 March 2023
EEEGR
Company Limited by Guarantee
Statement of financial position
31 March 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
6
3,641
3,670
Investments
7
1
1
------
------
3,642
3,671
Current assets
Debtors
8
188,453
144,860
Cash at bank and in hand
140,243
198,866
---------
---------
328,696
343,726
Creditors: Amounts falling due within one year
9
( 337,772)
( 261,458)
---------
---------
Net current (liabilities)/assets
( 9,076)
82,268
------
-------
Total assets less current liabilities
( 5,434)
85,939
------
-------
Net (liabilities)/assets
( 5,434)
85,939
------
-------
Capital and reserves
Profit and loss account
( 5,434)
85,939
------
-------
Members (deficit)/funds
( 5,434)
85,939
------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
EEEGR
Company Limited by Guarantee
Statement of financial position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 29 October 2023 , and are signed on behalf of the board by:
K B P Keable (Executive Chairman)
Director
Company registration number: 04117847
EEEGR
Company Limited by Guarantee
Notes to the financial statements
Year ended 31 March 2023
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Unit 4 Ground Floor, Wellington Park, Excalibur Road, Gorleston, Great Yarmouth, NR31 7BB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company made a significant loss during the the year and the directors are currently reviewing and implementing short and medium term strategies in order to mitigate future losses and return to profitability which is seeing positive results. The accounts have therefore been prepared on a Going Concern basis, based on this.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax Subscription income is recognised in the profit and loss account in the period in which it is invoiced. Grant income is recognised in the period to which the income relates. Core funding and sponsorship are recognised in the profit and loss account in the same period as the expenditure to which it relates.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & fittings
-
20% Straight line
Office equipment
-
20% - 33% Straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
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.
Defined contribution pension plans
Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Company limited by guarantee
Every member of the company undertakes to contribute such amount as may be required (not exceeding £1) to the company's assets if it should be wound up.
5. Average number of employees
The average number of employees during the year was 25 (2022: 23 ).
6. Tangible assets
Fixtures and fittings
Office equipment
Total
£
£
£
Cost
At 1 April 2022
16,602
37,258
53,860
Additions
–
2,607
2,607
-------
-------
-------
At 31 March 2023
16,602
39,865
56,467
-------
-------
-------
Depreciation
At 1 April 2022
15,020
35,170
50,190
Charge for the year
1,264
1,372
2,636
-------
-------
-------
At 31 March 2023
16,284
36,542
52,826
-------
-------
-------
Carrying amount
At 31 March 2023
318
3,323
3,641
-------
-------
-------
At 31 March 2022
1,582
2,088
3,670
-------
-------
-------
7. Investments
Shares in group undertakings
£
Cost
At 1 April 2022 and 31 March 2023
1
----
Impairment
At 1 April 2022 and 31 March 2023
–
----
Carrying amount
At 31 March 2023
1
----
At 31 March 2022
1
----
The company holds 100% of the ordinary share capital in Skills For Energy Limited a dormant company, which is registered in England.
8. Debtors
2023
2022
£
£
Trade debtors
109,650
63,595
Prepayments and accrued income
78,803
81,250
Other debtors
–
15
---------
---------
188,453
144,860
---------
---------
9. Creditors: Amounts falling due within one year
2023
2022
£
£
Trade creditors
58,389
59,860
Accruals and deferred income
238,366
176,699
Social security and other taxes
41,017
24,899
---------
---------
337,772
261,458
---------
---------
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Not later than 1 year
12,500
10,219
Later than 1 year and not later than 5 years
6,250
18,750
-------
-------
18,750
28,969
-------
-------
11. Contingent liabilities
It is acknowledged that the grant agencies reserve the right to require part or all of any grants to be repaid if any of the conditions of the grant application have not been complied with. The directors are not aware of any breaches and no liability is therefore expected to arise.
12. Related party transactions
The company has transactions of small value carried out under normal market conditions with entities in which directors have an interest .