REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022 |
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EIS PLATFORMS LTD |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022 |
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FOR |
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EIS PLATFORMS LTD |
EIS PLATFORMS LTD (REGISTERED NUMBER: 08018312) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2022 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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EIS PLATFORMS LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2022 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Unit G01, Ground Floor |
Metroline House |
118-122 College Road |
Harrow |
Middlesex |
HA1 1BQ |
EIS PLATFORMS LTD (REGISTERED NUMBER: 08018312) |
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BALANCE SHEET |
30 APRIL 2022 |
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2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Share premium |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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(376,407 | ) | (285,186 | ) |
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The director acknowledges his 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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EIS PLATFORMS LTD (REGISTERED NUMBER: 08018312) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2022 |
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1. | STATUTORY INFORMATION |
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EIS Platforms Ltd is a
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2. | ACCOUNTING POLICIES |
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Basis of preparation |
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Going Concern |
The COVID-19 (coronavirus) pandemic has had an increasingly significant effect on individuals, businesses and organisations worldwide. The outbreak came into widespread public knowledge in 2020. The Directors have taken all necessary measures to satisfy themselves that the Company will continue to be able to operate throughout the current conditions and beyond. Therefore, the Company is considered to be a going concern and no adjustments have been made to the figures in these financial statements. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant & Machinery - 25% on cost |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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EIS PLATFORMS LTD (REGISTERED NUMBER: 08018312) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2022 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 May 2021 |
and 30 April 2022 |
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DEPRECIATION |
At 1 May 2021 |
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Charge for year |
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At 30 April 2022 |
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NET BOOK VALUE |
At 30 April 2022 |
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At 30 April 2021 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans |
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Other creditors |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
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Ordinary | £0.01 | 4,119 | 3,808 |
EIS PLATFORMS LTD (REGISTERED NUMBER: 08018312) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2022 |
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8. | CALLED UP SHARE CAPITAL - continued |
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During the year the company issued and allotted 31,064 ordinary £0.01 shares (2021: nil) for a total consideration of £779,706 (2021: £nil), of which £779,706 (2021: £nil) was received in cash, and £nil (2021: £nil) was in exchange for services provided. |
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The company received services of £310 (2021: £698) in exchange for ordinary £0.01 shares. At the year-end there was a total of 8,167 (2021: 8,012) ordinary £0.01 shares that were pending to be issued. A total of £184,372 (2021: £184,062) relating to the pending issue of ordinary £0.01 shares for services provided is included in other creditors. |
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9. | DIRECTORS' SHARE OPTIONS |
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As at 30th April 2022, D Rodwell had been granted a total of 9,710 (2021: 9,710) share options over £0.01 ordinary shares, at an exercisable price of £2.00. These options are exercisable as follows: |
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-Options over 3,884 shares are exercisable on or after the date of grant, 13th October 2019; |
-Options over 3,884 shares are exercisable on or after 1st April 2020; |
-Options over 1,942 shares are exercisable on or after 1st September 2020. |
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None of these options have been exercised, as of the date of the approval of these financial statements. |
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10. | EMPLOYEE SHARE OPTIONS |
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The company operates an Enterprise Management Incentive Share Option Scheme for certain staff. As at 30th April 2022 options over 55,345 (2021: 56,240) £0.01 ordinary shares had been issued. Of these options 42,722 (2021: 42,722) are exercisable at £2.00 each on the following dates: |
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-Options over 15,534 shares are exercisable on or after the date of grant, 13th October 2018; |
-Options over 1,942 shares are exercisable on or after 1st November 2018; |
-Options over 5,826 shares are exercisable on or after 1st May 2019; |
-Options over 5,826 shares are exercisable on or after 1st October 2019; |
-Options over 7,768 shares are exercisable on or after 1st April 2020; |
-Options over 5,826 shares are exercisable on or after 1st September 2020. |
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A further 12,623 (2021: 13,594) £0.01 ordinary shares, are exercisable at £25.10 each. These options are exercisable on the following date: |
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-Options over 1,942 shares are exercisable on or after 19th March 2021; |
-Options over 1,942 shares are exercisable on or after 1st October 2021; |
-Options over 2,525 shares are exercisable on or after 1st January 2022; |
-Options over 1,942 shares are exercisable on or after 1st February 2022; |
-Options over 1,942 shares are exercisable on or after 1st October 2022; |
-Options over 2,330 shares are exercisable on or after 1st January 2023. |
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None of these options have been exercised, as of the date of the approval of these financial statements. |