Company Reg. No. 06579286
EGO Performance Company Ltd
Annual Report
and
Accounts
31st December 2023
Cromwell Accounting Ltd
18c Main Street Bilton Rugby CV22 7ND
EGO Performance Company Ltd
Accounts for the year ended 31st Dectember 2023
Full financial statements for shareholders for the year ended 31st December 2023 were approved
by the Board of Directors on 10th March 2024.
The Directors have prepared the attached financial statements for the year ended
31st December 2023 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 2023
The Directors present their Annual Report together with the financial statements for the year ended 31st December 2023.
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 P. Taylor Ms M Ahern (Resigned 31st August 2023) Ms M Byrne (Resigned 31st August 2023) Mr K. Wilson K. Shankle C. Henrywood (Appointed 31st August 2023) P E Illene (Appointed 31st August 2023) B J Kirk (Appointed 31st August 2023) I H Millar (Appointed 31st August 2023)
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 10th March 2024
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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 2023 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 t 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
10th March 2024
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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.
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EGO Performance Company Ltd
Balance Sheet 31st December 2023
| 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 y 4 RESERVES Income and expenditure account |
31st December 31st December 2023 2022 £ £ £ £ 44,131 40,244 35,357 59,478 0 11,182 75,324 12,084 110,681 82,744 34,304 10,015 76,377 72,729 120,508 112,973 5,903 10,193 114,605 102,780 114,605 102,780 114,605 102,780 |
31st December 31st December 2023 2022 £ £ £ £ 44,131 40,244 35,357 59,478 0 11,182 75,324 12,084 110,681 82,744 34,304 10,015 76,377 72,729 120,508 112,973 5,903 10,193 114,605 102,780 114,605 102,780 114,605 102,780 |
|---|---|---|
| 112,973 10,193 |
||
| 102,780 | ||
| 102,780 | ||
| 102,780 |
The company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 31st December 2023.
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 March 2024
On behalf of the Board
……………………………………....………
Ms K Klaassen (Director)
10th March 2024
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EGO Performance Company Ltd
Notes to Balance Sheet 31st December 2023
| Fixtures & 1. 1. TANGIBLE ASSETS Website Equipment £ £ at cost less depreciation Cost To 1st January 2023 11,708 54,278 Expenditure during period 7,841 2,976 Elimination of cost of disposals 0 0 To 31st December 2023 19,549 57,254 Deprecaition To 1st January 2023 1714 29,491 Provision for period 1784 4,053 On disposals 0 0 To 31st December 2023 3,498 33,544 Net Book Value At 31st December 2023 16,051 23,710 At 1st January 2023 9,994 24,787 2. 2. DEBTORS Amounts falling due within one year:- Trade debtors Other debtors Prepayments 3. 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 £ £ 11,708 54,278 7,841 2,976 0 0 |
Computer Equipment Total £ £ 21,533 87,519 0 10,817 0 0 |
|---|---|---|
| 19,549 57,254 |
21,533 98,336 |
|
| 1714 29,491 1784 4,053 0 0 |
16,070 47,275 1,093 6,930 0 0 |
|
| 3,498 33,544 |
17,163 54,205 |
|
| 16,051 23,710 |
4,370 44,131 |
|
| 9,994 24,787 |
5,463 40,244 |
|
| 31st 31st December December 2023 2022 . £ £ 0 5,251 0 0 0 5,931 |
||
| 0 11,182 |
||
| 20,165 0 4,259 3,904 8,640 4,921 40 40 1,200 1,150 0 0 |
||
| 34,304 10,015 |
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Ego Performance Company Ltd
Notes to Balance Sheet 31st December 2023
( Continued )
| 4. CREDITORS ( Amounts falling due after more than one year ) Loan Other creditors |
2023 2022 £ £ 5,903 10,193 0 0 |
|---|---|
| 5,903 10,193 |
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 2023 Surplus for the year Closing reserves |
102,779 93,618 11,826 9,161 |
|---|---|
| 114,605 102,779 |
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EGO Performance Company Ltd
Income and Expenditure Account for the year ended 31st December 2023
| 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 financial period |
year ended year ended 31st December 31st December 2023 2022 £ £ £ £ 11,826 9,161 526,447 505,983 514,621 496,822 11,826 9,161 0 0 11,826 9,161 0 0 11,826 9,161 |
year ended year ended 31st December 31st December 2023 2022 £ £ £ £ 11,826 9,161 526,447 505,983 514,621 496,822 11,826 9,161 0 0 11,826 9,161 0 0 11,826 9,161 |
|---|---|---|
| 9,161 |
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EGO Performance Company Ltd
Notes to Profit and Loss Account 31st December 2023
1. Operating Surplus/ (Deficit)
| 31st | 31st | |
|---|---|---|
| December | December | |
| 2023 | 2022 | |
| £ | £ | |
| The operating surplus is stated after charging:- | ||
| Depreciation of tangible assets | 6,930 | 6,178 |
| 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 2023 nor for the year ended 31st December 2022.
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EGO Performance Company Ltd
Detailed Income and Expenditure Account for the year ended 31st December 2023
| Turnover Other income Deposit account interest Rent and rates Equipment hire Insurance R & D Academy costs Freelance practitioners Wages and national insurance Production costs Volunteer expenses Consultancy fees CPD Subscriptions and licences Staff and trustee training 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 year ended 31st December 31st December 2023 2022 £ £ £ £ 526,447 505,983 938 0 527,385 505,983 24,050 29,412 3,855 10,381 4,756 4,310 1,757 4,114 8,737 345 44,786 118,040 353,378 260,442 29,408 37,112 1,550 1,994 7,752 5,868 288 301 4,334 1,609 7,356 3,339 3,561 1,768 3,559 719 261 942 4,711 1,462 1,249 1,959 303 1,272 2,533 4,748 324 324 121 183 508,629 490,644 18,756 15,339 6,930 6,178 6,930 6,178 11,826 9,161 |
year ended year ended 31st December 31st December 2023 2022 £ £ £ £ 526,447 505,983 938 0 527,385 505,983 24,050 29,412 3,855 10,381 4,756 4,310 1,757 4,114 8,737 345 44,786 118,040 353,378 260,442 29,408 37,112 1,550 1,994 7,752 5,868 288 301 4,334 1,609 7,356 3,339 3,561 1,768 3,559 719 261 942 4,711 1,462 1,249 1,959 303 1,272 2,533 4,748 324 324 121 183 508,629 490,644 18,756 15,339 6,930 6,178 6,930 6,178 11,826 9,161 |
|---|---|---|
| 9,161 |
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EGO Performance Company Ltd
Detailed Income and Expenditure Account for the year ended 31st December 2023
Continued
| year ended | year ended | |||
|---|---|---|---|---|
| 31st December | 31st December | |||
| 2023 | 2022 | |||
| £ | £ | £ | £ | |
| nover | ||||
| Grants | 446420 | 433,024 | ||
| Foyle Foundation grant | 0 | 20,000 | ||
| Donations | 1159 | 9,647 | ||
| Fees received | 13931 | 16,069 | ||
| Academy income | 52716 | 11,834 | ||
| Box office takings | 8338 | 14,129 | ||
| Miscellaneous Income | 500 | 14 | ||
| Merchandise takings | 3383 | 1,266 | ||
| 526,447 | 505,983 |
Turnover
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