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Registration number: 08183864

Enia Notion Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2021

 

Enia Notion Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

Enia Notion Limited

Company Information

Director

Mr Avraam Rafailidis

Registered office

Office 4
219 Kensington High Street
Kensington
London
W8 6BD

Accountants

Michaelides Warner & Co
102 Fulham Palace Road
London
W6 9PL

 

Enia Notion Limited

(Registration number: 08183864)
Balance Sheet as at 31 December 2021

Note

31 December
2021
£

31 December
2020
£

Current assets

 

Debtors

4

599

6,201

Cash at bank and in hand

 

4,472

157

 

5,071

6,358

Creditors: Amounts falling due within one year

5

(12,272)

(10,310)

Net liabilities

 

(7,201)

(3,952)

Capital and reserves

 

Called up share capital

6

1,389

1,389

Share premium reserve

14,896

14,896

Profit and loss account

(23,486)

(20,237)

Shareholders' deficit

 

(7,201)

(3,952)

For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 19 August 2022

.........................................

Mr Avraam Rafailidis
Director

 

Enia Notion Limited

Notes to the Financial Statements
for the Year Ended 31 December 2021

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Office 4
219 Kensington High Street
Kensington
London
W8 6BD

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

The directors consider that there are no key judgements that management have made in the process of applying the company’s accounting policies and that may have had a significant effect on the amounts recognised in the financial statements.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Enia Notion Limited

Notes to the Financial Statements
for the Year Ended 31 December 2021

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like investments, trade and other receivables, cash and bank balances, trade and other creditors.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or cash consolidation expected to be paid or received.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2020 - 1).

4

Debtors

 

Enia Notion Limited

Notes to the Financial Statements
for the Year Ended 31 December 2021

31 December
2021
£

31 December
2020
£

Other debtors

599

6,201

599

6,201

5

Creditors

Creditors: amounts falling due within one year

31 December
2021
£

31 December
2020
£

Due within one year

Trade creditors

279

114

Accruals and deferred income

675

675

Other creditors

11,318

9,521

12,272

10,310

 

Enia Notion Limited

Notes to the Financial Statements
for the Year Ended 31 December 2021

6

Share capital

Allotted, called up and fully paid shares

 

31 December
2021

31 December
2020

 

No.

£

No.

£

Ordinary Shares of £0.01 each

138,889

1,389

138,889

1,389

         

7

Related party transactions

Creditors due within one year include amounts owed to the Director of £11,318 (2020 - £9,522). The loan is repayable on demand.

Transactions with the director

2021

At 1 January 2021
£

Advances to directors
£

Repayments by director
£

At 31 December 2021
£

Mr Avraam Rafailidis

Amounts owed to/ (from) the Director

9,522

(10)

1,806

11,318

         
       

 

2020

At 1 January 2020
£

Repayments by director
£

At 31 December 2020
£

Mr Avraam Rafailidis

Amounts owed to/ (from) the Director

(130)

9,652

9,522