Company Reg. No. 065
EGO Performance Company Ltd
Annual Report
and
Accounts
31st December 2022
Cromwell Accounting Ltd
18c Main Street Bilton Rugby CV22 7ND
179286
EGO Performance Company Ltd
Accounts for the year ended 31st Dectember 2022
Full financial statements for shareholders for the year ended 31st December 2022 were app
by the Board of Directors on 10th July 2023.
The Directors have prepared the attached financial statements for the year ended
31st December 2022 in compliance with the Companies Act 2006 for filing with Companies House.
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)roved
EGO Performance Company Ltd
Annual Report of the Directors and
Statement of Accounts for the year ended 31st December 2022
The Directors present their Annual Report together with the financial statements for the year 31st December 2022.
Principal Activities
The principal activity of the Company during the year remained that of the provision of Theat and Workshops.
Directors
The Directors during the year were as follows:-
Mr D. Greene Mrs K. Low Ms K. Klaassen Mr L.M. Bettles (Resigned 13th September 2022) Mr P. Taylor Mrs D. Lama (Resigned 1st March 2022) Ms M Ahern Ms M Byrne Mr K. Wilson K. Shankle
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 B of Directors)
Jesson House Tower Street Coventry CV1 1JN 10th July 2023
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ended 're Training loard
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 2022 set out on Pages 3 to 9 and you consid Company is exempt from an audit.
In accordance with your instructions we have compiled these unaudited financial statement assist you to fulfil your statutory responsibilities, from the accounting records and informati explanations supplied to us.
Cromwell Accounting Ltd
18c Main Street Bilton Rugby CV22 7ND
10th July 2023
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ler that the ts in order to on and
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
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 applicabl
5. Surplus or Deficit on Trading
Surplus or deficit on trading reflects surpluses or deficits arising from the trading activities d year. Extraordinary items arising outside the normal trading activities are shown separately in the Profit and Loss Account.
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20081. during the
EGO Performance Company Ltd
Balance Sheet 31st December 2022
| Note FIXED ASSETS Tangible assets 1 CURRENT ASSETS Stock Debtors 2 Cash funds CREDITORS: Amounts falling due within one year 3 NET CURRENT ASSETS Total Assets less Current Liabilities Creditors : Amounts falling due after more than one 4 RESERVES Income and expenditure account |
31st December 2022 £ £ 40,244 59,478 11,182 12,084 82,744 10,016 72,728 112,972 10,193 102,779 102,779 102,779 |
31st December 2022 £ £ 40,244 59,478 11,182 12,084 82,744 10,016 72,728 112,972 10,193 102,779 102,779 102,779 |
31st De 20 £ 4,919 0 101,931 |
|---|---|---|---|
| 82,744 10,016 |
106,850 22,584 |
||
| 112,972 10,193 |
|||
| 102,779 | |||
| 102,779 | |||
| 102,779 |
The company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 31st December 2022.
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 10th July 2023
On behalf of the Board
……………………………………....………
Ms K Klaassen (Director)
10th July 2023
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cember 21
£
23,125
84,266
107,391
13,773
93,618
93,618 93,618
EGO Performance Company Ltd
Notes to Balance Sheet 31st December 2022
| Fixtures & 1. TANGIBLE ASSETS Website Equipment £ £ at cost less depreciation Cost To 1st January 2022 2,010 40,679 Expenditure during period 9,698 13,599 Elimination of cost of disposals 0 0 To 31st December 2022 11,708 54,278 Deprecaition To 1st January 2022 603 25,790 Provision for period 1111 3,701 On disposals 0 0 To 31st December 2022 1,714 29,491 Net Book Value At 31st December 2022 9,994 24,787 At 1st January 2022 1,407 14,889 2. DEBTORS Amounts falling due within one year:- Trade debtors Other debtors Prepayments 3. CREDITORS ( Amounts falling due within one year ) Trade creditors Loan Other taxation and social security payable Other creditors Accruals Grants received in advance |
Fixtures & Website Equipment £ £ 2,010 40,679 9,698 13,599 0 0 |
Computer Equipment Total £ £ 21,533 64,222 0 23,297 0 0 |
|---|---|---|
| 11,708 54,278 |
21,533 87,519 |
|
| 603 25,790 1111 3,701 0 0 |
14,704 41,097 1,366 6,178 0 0 |
|
| 1,714 29,491 |
16,070 47,275 |
|
| 9,994 24,787 |
5,463 40,244 |
|
| 1,407 14,889 |
6,829 23,125 |
|
| 31st 31st December December 2022 2021 . £ £ 5,251 0 0 0 5,931 0 |
||
| 11,182 0 |
||
| 0 3,904 4,259 4,922 4,770 40 130 1,150 926 0 12,499 |
||
| 10,016 22,584 |
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Ego Performance Company Ltd
Notes to Balance Sheet 31st December
( Continued )
| 4. CREDITORS ( Amounts falling due after more than one year ) Loan Other creditors |
2022 £ 10,193 0 |
|---|---|
| 13,733 |
The company took out a bounceback loan in June 2020 to facilitate cash flow. The repayable over 5 years.
5. Reserves
| erves | |
|---|---|
| At 1st January 2022 Surplus for the year Closing reserves |
93,618 9,161 |
| 102,779 |
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r 2022
2021
£
13,733 0 13,733
loan is
75,348 18,270 93,618
EGO Performance Company Ltd
Income and Expenditure Account for the year ended 31st December 2022
| Surplus on ordinary activities before taxation Comprising:- Turnover Administrative expenses Operating Surplus Interest receivable and similar income Surplus on ordinary activities before taxation Taxation on surplus on ordinary activities Surplus for the fnancial period |
year ended 31st December 2022 £ £ 9,161 505,983 496,822 9,161 0 9,161 0 9,161 |
year ended 31st December 2022 £ £ 9,161 505,983 496,822 9,161 0 9,161 0 9,161 |
year e 31st De 20 £ 399,660 381,390 18,270 0 18,270 |
|---|---|---|---|
| 9,161 |
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nded .cember 21 18,270 18,270
EGO Performance Company Ltd
Notes to Profit and Loss Account 31st December 2
- Operating Surplus/ (Deficit)
| 31st | |
|---|---|
| December | |
| 2022 | |
| £ | |
| The operating surplus is stated after charging:- | |
| Depreciation of tangible assets | 6,178 |
| Director's remuneration and other benefts etc | 0 |
2. Taxation
No liability to UK corporation tax arose on ordinary activities for the year ended 31st December 2022 nor for the year ended 31st December 2021.
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022 31st December 2021 3,808
EGO Performance Company Ltd
Detailed Income and Expenditure Account for the year ended 31st December 2022
| Turnover Other income Deposit account interest Rent and rates Equipment hire Insurance R & D Bar expenses Freelance practitioners Wages and national insurance Production costs Volunteer expenses Consultancy fees CPD Subscriptions and licences Telephone, computer, carraige Merchandise costs Stationery Marketing and advertising Travel expenses Miscellaneous Repairs Loan interest Bank charges Initial Trading Surplus deduct: Depreciation Surplus for the year deduct:Expenditure |
year ended 31st December 2022 £ £ 505,983 0 505,983 29,412 10,381 4,310 4,114 0 118,040 260,442 37,112 1,994 5,868 3,640 1,609 1,768 719 942 1,462 1,959 1,617 4,748 324 183 490,644 15,339 6,178 6,178 9,161 |
year ended 31st December 2022 £ £ 505,983 0 505,983 29,412 10,381 4,310 4,114 0 118,040 260,442 37,112 1,994 5,868 3,640 1,609 1,768 719 942 1,462 1,959 1,617 4,748 324 183 490,644 15,339 6,178 6,178 9,161 |
year e 31st De 20 £ 23,534 0 3,961 0 1,246 77,231 227,005 24,011 263 4,242 4,320 595 1,880 0 387 1,029 0 1,102 6,520 162 107 3,808 |
|---|---|---|---|
| 6,178 | |||
| 15,339 6,178 |
|||
| 9,161 |
-9-
ended cember 21
£
399,660
13
399,673
377,595
22,078
3,808
~~18,270~~
EGO Performance Company Ltd
Detailed Income and Expenditure Account for the year ended 31st December 2022
Continued
| year ended | year ended | ||
|---|---|---|---|
| 31st December | 31st Decemb | ||
| 2022 | 2021 | ||
| £ | £ | £ | |
| Turnover | |||
| Grants | 433,024 | 368,252 | |
| Foyle Foundation grant | 20,000 | 0 | |
| Donations | 9,647 | 5,986 | |
| Fees received | 16,069 | 12,475 | |
| Earned income | 11,834 | 10,852 | |
| Refreshments | 0 | 0 | |
| Box ofce takings | 14,129 | 0 | |
| Miscellaneous Income | 14 | 1,296 | |
| Merchandise takings | 1,266 | 799 |
505,983
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er 399,660