Company Reg. No. 06579286 EGO Performance Company Ltdpany Ltdany Ltdy Ltd Ltd Annual Reportportort and Accounts 31st December 2021 Cromwell Accounting Ltd 18c Main Street Bilton Rugby CV22 7ND
Company Reg. No. 06579286 EGO Performance Company Ltdpany Ltdany Ltdy Ltd Ltd Annual Reportportort and Accounts 31st December 2021 Cromwell Accounting Ltd 18c Main Street Bilton Rugby CV22 7ND
EGO Performance Company Ltd Accounts for the year ended 31st Dectember 2021
Full financial statements for shareholders for the year ended 31st December 2021 were approved
by the Board of Directors on 14th February 2022.
The Directors have prepared the attached financial statements for the year ended 31st December 2021 in compliance with the Companies Act 2006 for filing with Companies House.
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| EGO Performance Company Ltd Annual Report of the Directors and Statement of Accounts for the year ended 31st December 2021 The Directors present their Annual Report together with the financial statements for the year ended 31st December 2021. Principal Activities The principal activity of the Company during the year remained that of the provision of Theatre Training and Workshops. Directors The Directors during the year were as follows:- Mr D. Greene Mrs K. Low Ms K. Klaassen Mr L.M. Bettles Mr P. Taylor Mrs D. Lama (Resigned 1st March 2022) Ms M Ahern Ms M Byrne Mr H Virk (Resigned 26th July 2021) Mr K. Wilson K. Shankle (Appointed 18th January 2021) The Report of the Directors has been prepared in accordance with part 15 of the Companies Act 2006 relating to small Companies. By Order of the Board Director (On behalf of the Board of Directors) Jesson House Tower Street Coventry CV1 1JN 14th February 2022 -1A- |
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EGO Performance Company Ltd Report of the Accountants to the Directors of EGO Performance Company Ltd As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st December 2021 set out on Pages 3 to 9 and you consider that the Company is exempt from an audit. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Cromwell Accounting Ltd
18c Main Street Bilton Rugby CV22 7ND 14th February 2022
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EGO Performance Company Ltd 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. 1. Basis of Preparation of Financial Statements The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). 2. Fixed Assets Depreciation is calculated to write off the cost or valuation of the fixed assets over their estimated useful lives as follows:Computer equipment at 20% of the written down value Fixtures and equipment at 15% of the written down value 3. Stock and Work in Progress Stocks and Work in Progress are valued at the lower of cost or net realisable value after making due allowances for obsolete and slow moving items. 4. Turnover Turnover is based on the invoiced value of sales excluding Value Added Tax where applicable. 5. Surplus or Deficit on Trading Surplus or deficit on trading reflects surpluses or deficits arising from the trading activities during the year. Extraordinary items arising outside the normal trading activities are shown separately in the Profit and Loss Account. -3-
| EGO Performance Company Ltd Balance Sheet 31st December 2021 31st December 31st December 2021 2020 Note £ £ £ £ FIXED ASSETS Tangible assets 1 23,125 20,120 CURRENT ASSETS Stock 4,919 2,374 Debtors 2 0 399 Cash funds 101,931 201,440 106,850 204,213 CREDITORS: Amounts falling due within one year 3 22,584 129,915 NET CURRENT ASSETS (2019 LIABILITIES) 84,266 74,298 Total Assets less Current Liabilities 107,391 94,418 Creditors : Amounts falling due after more than one year 4 13,773 19,072 93,618 75,346 RESERVES Income and expenditure account 93,618 75,346 93,618 75,346 The company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 31st December 2021. Directors responsibilities; i) The directors acknowledge their responsibility for ensuring the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006. ii) The directors acknowledge their responsibility for 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 surplus or deficit 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 members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2020 in accordance with section 476 of the Companies Act 2006 These accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Board on 14th Febuary 2022 On behalf of the Board ……………………………………....……… Ms K Klaassen (Director) 14th February 2022 -4- |
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| EGO Performance Company Ltd Notes to Balance Sheet 31st December 2021 Fixtures & Computer 1. TANGIBLE ASSETS Website Equipment Equipment Total £ £ £ £ at cost less depreciation Cost To 1st January 2021 2,010 37,326 18,073 57,409 Expenditure during period 0 3,353 3,460 6,813 Elimination of cost of disposals 0 0 0 0 To 31st December 2021 2,010 40,679 21,533 64,222 Deprecaition To 1st January 2021 402 23,458 13,429 37,289 Provision for period 201 2,332 1,275 3,808 On disposals 0 0 0 0 To 31st December 2021 603 25,790 14,704 41,097 Net Book Value At 31st December 2021 1,407 14,889 6,829 23,125 At 1st January 2021 1,608 13,868 4,644 20,120 31st 31st December December 2020 2020 £ £ 2. DEBTORS Amounts falling due within one year:- Trade debtors 0 0 Other debtors 0 0 Prepayments 0 399 0 399 3. CREDITORS ( Amounts falling due within one year ) Trade creditors 0 0 Loan 4,259 2,520 Other taxation and social security payable 4,770 3,892 Other creditors 130 0 Accruals 926 1,150 Grants received in advance 12,499 122,353 22,584 129,915 -5- |
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| Ego Performance Company Ltd | ||||||||||||
| Notes to Balance Sheet 31st December 2021 | ||||||||||||
| ( Continued ) | ||||||||||||
| 2021 | 2020 | |||||||||||
| £ | £ | |||||||||||
| 4. | CREDITORS ( Amounts falling due after more than one year ) | |||||||||||
| Loan | 13,733 | 17,480 | ||||||||||
| Other creditors | 0 | 1,592 | ||||||||||
| 13,733 | 19,072 | |||||||||||
| The company took out a bounceback loan in June 2020 to facilitate cash flow. The loan is | ||||||||||||
| repayable over 5 years. | ||||||||||||
| 5. | Reserves | |||||||||||
| At 1st January 2020 | 479 | 1,221 | ||||||||||
| Surplus (2019 Defecit) for the year | 74,867 | -742 | ||||||||||
| Closing reserves | 75,346 | 479 | ||||||||||
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| EGO Performance Company Ltd | ||||||||||||
| Income and Expenditure Account for the year ended 31st December 2021 | ||||||||||||
| year ended | year ended | |||||||||||
| 31st December | 31st December | |||||||||||
| 2020 | 2020 | |||||||||||
| £ | £ | £ | £ | |||||||||
| Surplus on ordinary activities before taxation | 18,270 | 74,867 | ||||||||||
| Comprising:- | ||||||||||||
| Turnover | 399,660 | 319,093 | ||||||||||
| Administrative expenses | 381,390 | 244,226 | ||||||||||
| Operating Surplus | 18,270 | 74,867 | ||||||||||
| Interest receivable and similar income | 0 | 0 | ||||||||||
| Surplus on ordinary activities before taxation | 18,270 | 74,867 | ||||||||||
| Taxation on surplus on ordinary activities | 0 | 0 | ||||||||||
| Surplus for the financial period | 18,270 | 74,867 | ||||||||||
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| EGO Performance Company Ltd | |||||||||||
| Notes to Profit and Loss Account 31st December 2021 | |||||||||||
| 1. | Operating Surplus/ (Deficit) | ||||||||||
| 31st | 31st | ||||||||||
| December | December | ||||||||||
| 2021 | 2020 | ||||||||||
| £ | £ | ||||||||||
| The operating surplus is stated after charging:- | |||||||||||
| Depreciation of tangible assets | 3,808 | 3,321 | |||||||||
| Director's remuneration and other benefits etc | 0 | 0 | |||||||||
| 2. | Taxation | ||||||||||
| No liability to UK corporation tax arose on ordinary activities for the year ended | |||||||||||
| 31st December 2021 nor for the year ended 31st December 2020. | |||||||||||
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| EGO Performance Company Ltd | ||||||||||||||||
| Detailed Income and Expenditure Account for the year ended 31st December 2021 | ||||||||||||||||
| year ended | year ended | |||||||||||||||
| 31st December | 31st December | |||||||||||||||
| 2021 | 2020 | |||||||||||||||
| £ | £ | £ | £ | |||||||||||||
| Turnover | 399,660 | 319,093 | ||||||||||||||
| Other income | ||||||||||||||||
| Deposit account interest | 13 | 23 | ||||||||||||||
| 399,673 | 319,116 | |||||||||||||||
| deduct:Expenditure | ||||||||||||||||
| Rent and rates | 23,534 | 23,100 | ||||||||||||||
| Equipment hire | 0 | 0 | ||||||||||||||
| Insurance | 3,961 | 2,564 | ||||||||||||||
| Disability access costs | 0 | 1,090 | ||||||||||||||
| Bar expenses | 1,246 | 1,510 | ||||||||||||||
| Freelance practitioners | 77,231 | 23,420 | ||||||||||||||
| Wages and national insurance | 227,005 | 164,639 | ||||||||||||||
| Production costs | 24,011 | 2,192 | ||||||||||||||
| Volunteer expenses | 263 | 700 | ||||||||||||||
| Consultancy fees | 4,242 | 8,848 | ||||||||||||||
| CPD | 4,320 | 192 | ||||||||||||||
| Subscriptions and licences | 595 | 761 | ||||||||||||||
| Telephone, computer, carraige | 1,880 | 1,991 | ||||||||||||||
| Merchandise costs | 0 | 377 | ||||||||||||||
| Stationery | 387 | 68 | ||||||||||||||
| Marketing and advertising | 1,029 | 196 | ||||||||||||||
| Travel expenses | 0 | 318 | ||||||||||||||
| Miscellaneous | 1,102 | 2,596 | ||||||||||||||
| Repairs | 6,520 | 2,342 | ||||||||||||||
| Loan interest | 162 | 3,842 | ||||||||||||||
| Bank charges | 107 | 182 | ||||||||||||||
| 377,595 | 240,928 | |||||||||||||||
| Initial Trading Surplus | 22,078 | 78,188 | ||||||||||||||
| deduct: | ||||||||||||||||
| Depreciation | 3,808 | 3,321 | ||||||||||||||
| 3,808 | 3,321 | |||||||||||||||
| Surplus for year | 18,270 | 74,867 | ||||||||||||||
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| EGO Performance Company Ltd | |||||||||||
| Detailed Income and Expenditure Account for the year ended 31st December 2021 | |||||||||||
| Continued | |||||||||||
| year ended | year ended | ||||||||||
| 31st December |
1st December | ||||||||||
| 2021 | 2020 | ||||||||||
| £ | £ | £ | £ | ||||||||
| Turnover | |||||||||||
| Grants | 368,252 | 301,753 | |||||||||
| Donations | 5,986 | 1,918 | |||||||||
| Fees Received | 12,475 | 13,363 | |||||||||
| Commissions and Projects | 10,852 | 0 | |||||||||
| Refreshments | 0 | 1,212 | |||||||||
| Box office takings | 0 | 0 | |||||||||
| Miscellaneous Income | 1,296 | 400 | |||||||||
| Merchandise takings | 799 | 447 | |||||||||
| 399,660 | 319,093 | ||||||||||
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