Eeziklik Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10035015 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

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:

First Floor North

40 Oxford Road

High Wycombe

Buckinghamshire

HP11 2EE

REGISTERED NUMBER:

10035015 (England and Wales)

ACCOUNTANTS:

Seymour Taylor Limited

First Floor North

40 Oxford Road

High Wycombe

Buckinghamshire

HP11 2EE

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 2023 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 Limited

First Floor North

40 Oxford Road

High Wycombe

Buckinghamshire

HP11 2EE

20 December 2023

FIXED ASSETS

Intangible assets

4

-

159,547

Tangible assets

5

-

1,035

Investments

6

1,437

1,137

1,437

161,719

CURRENT ASSETS

Debtors

7

87

741

Cash at bank

48,607

186,047

48,694

186,788

CREDITORS

Amounts falling due within one year

8

896,817

1,017,992

NET CURRENT LIABILITIES

(848,123

)

(831,204

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(846,686

)

(669,485

)

CREDITORS

Amounts falling due after more than one year

9

21,667

31,667

NET LIABILITIES

(868,353

)

(701,152

)

CAPITAL AND RESERVES

Called up share capital

10

400

400

Retained earnings

(868,753

)

(701,552

)

SHAREHOLDERS' FUNDS

(868,353

)

(701,152

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 and authorised for issue on 20 December 2023 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 First Floor North, 40 Oxford Road, High Wycombe, Buckinghamshire, HP11 2EE. 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 liabilities of £868,353, the directors believe it is appropriate for the financial statements to be prepared on this basis due to their ongoing 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.

Stage of completion is measured on the proportion of costs incurred for work performed to date in relation to estimated total costs.

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.

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 2 (2022 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Software

development

£

COST

At 1 April 2022

623,683

Additions

35,800

At 31 March 2023

659,483

AMORTISATION

At 1 April 2022

464,136

Amortisation for year

79,701

Impairments

115,646

At 31 March 2023

659,483

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

159,547

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2022

6,341

Disposals

(6,341

)

At 31 March 2023

-

DEPRECIATION

At 1 April 2022

5,306

Charge for year

730

Eliminated on disposal

(6,036

)

At 31 March 2023

-

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

1,035

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2022

1,137

Additions

300

At 31 March 2023

1,437

NET BOOK VALUE

At 31 March 2023

1,437

At 31 March 2022

1,137

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

87

741

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

2,000

2,000

Amounts owed to group undertakings

1

1

Other creditors

884,816

1,005,991

896,817

1,017,992

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

21,667

31,667

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

400

Ordinary

£1

400

400