Euphoric Ltd

Euphoric Ltd

EUPHORIC LTD - Company Information

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Company Registration No. 04744985 (England and Wales)
Euphoric Ltd Unaudited accounts for the year ended 30 September 2018
Euphoric Ltd Unaudited accounts Contents
Page
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Euphoric Ltd Company Information for the year ended 30 September 2018
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 30 September 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
528 
1,146 
Current assets
Inventories
5
4,324 
3,500 
Debtors
6
6,436 
7,856 
Cash at bank and in hand
9,356 
10,053 
20,116 
21,409 
Creditors: amounts falling due within one year
7
(62,695)
(79,632)
Net current liabilities
(42,579)
(58,223)
Total assets less current liabilities
(42,051)
(57,077)
Creditors: amounts falling due after more than one year
8
(12,637)
- 
Net liabilities
(54,688)
(57,077)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(54,689)
(57,078)
Shareholders' funds
(54,688)
(57,077)
For the year ending 30 September 2018 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.
Approved by the Board on 23 November 2018.
Z L Bartlett Director Company Registration No. 04744985
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Euphoric Ltd Notes to the Accounts for the year ended 30 September 2018
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 year, 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.
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Euphoric Ltd Notes to the Accounts for the year ended 30 September 2018
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2017
26,945 
1,658 
28,603 
At 30 September 2018
26,945 
1,658 
28,603 
Depreciation
At 1 October 2017
26,710 
747 
27,457 
Charge for the year
203 
415 
618 
At 30 September 2018
26,913 
1,162 
28,075 
Net book value
At 30 September 2018
32 
496 
528 
At 30 September 2017
235 
911 
1,146 
5
Inventories
2018 
2017 
£ 
£ 
Raw materials
4,324 
3,500 
4,324 
3,500 
6
Debtors
2018 
2017 
£ 
£ 
Accrued income and prepayments
- 
705 
Other debtors
6,436 
7,151 
6,436 
7,856 
7
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Bank loans and overdrafts
3,402 
- 
Trade creditors
878 
650 
Taxes and social security
1,516 
1,509 
Loans from directors
53,704 
76,678 
Accruals
3,195 
795 
62,695 
79,632 
8
Creditors: amounts falling due after more than one year
2018 
2017 
£ 
£ 
Bank loans
12,637 
- 
9
Average number of employees
During the year the average number of employees was 1 (2017: 1).
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