ESSIENCE GROUP LTD.

Company Registration Number:
10990993 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2022

Period of accounts

Start date: 01 November 2021

End date: 31 October 2022

ESSIENCE GROUP LTD.

Contents of the Financial Statements

for the Period Ended 31 October 2022

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 12

ESSIENCE GROUP LTD.

Company Information

for the Period Ended 31 October 2022




Director: Sazini Malaba
Registered office: 28 Clarence Road
Bilston
England
WV14 6NZ
Company Registration Number: 10990993 (England and Wales)

ESSIENCE GROUP LTD.

Directors' Report Period Ended 31 October 2022

The directors present their report with the financial statements of the company for the period ended 31 October 2022

Principal Activities

ESSENCE CARE LTD'srincipal activity during the period ended 31 May 2023 was the provision of nursing and care services

Political and charitable donations

The company made £95 charitable donations. The company did not make any political donations during the period.

Company policy on the employment of disabled persons

Our policies and procedures fully support our disabled colleagues. We take active measures to do so via: a) a robust reasonable adjustment policy; b) processes to ensure colleagues are fully supported. ESSENCE CARE LTD is responsive to the needs of its employees. As such, should any employee of the company become disabled during their time with us, we will actively retrain that employee andmake reasonable adjustments to their working environment where possible, in order to keep the employee with the company It is the policy of ESSENCE CARE LTD that the recruitment, training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

Directors

The directors shown below have held office during the whole of the period from 01 November 2021 to 31 October 2022
Sazini Malaba

This report was approved by the board of directors on 23 September 2023
And Signed On Behalf Of The Board By:

Name: Sazini Malaba
Status: Director

ESSIENCE GROUP LTD.

Profit and Loss Account

for the Period Ended 31 October 2022


Notes

2022
£

2021
£
Turnover 32,436 43,192
Cost of sales ( 1,263 ) ( 3,835 )
Gross Profit or (Loss) 31,173 39,357
Distribution Costs ( 3,870 ) ( 3,278 )
Administrative Expenses ( 23,604 ) ( 31,342 )
Operating Profit or (Loss) 3,699 4,737
Profit or (Loss) Before Tax 3,699 4,737
Tax on Profit ( 764 ) ( 961 )
Profit or (Loss) for Period 2,935 3,776

The notes form part of these financial statements

ESSIENCE GROUP LTD.

Balance sheet

As at 31 October 2022


Notes

2022
£

2021
£
Fixed assets
Tangible assets: 5 631 951
Total fixed assets: 631 951
Current assets
Stocks: 417
Debtors: 6 3,691 2,013
Cash at bank and in hand: 2,516 27
Total current assets: 6,207 2,457
Creditors: amounts falling due within one year: 7 ( 2,479 ) ( 1,761 )
Net current assets (liabilities): 3,728 696
Total assets less current liabilities: 4,359 1,647
Total net assets (liabilities): 4,359 1,647

The notes form part of these financial statements

ESSIENCE GROUP LTD.

Balance sheet continued

As at 31 October 2022


Notes

2022
£

2021
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 4,259 1,547
Shareholders funds: 4,359 1,647

For the year ending 31 October 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 23 September 2023
And Signed On Behalf Of The Board By:

Name: Sazini Malaba
Status: Director

The notes form part of these financial statements

ESSIENCE GROUP LTD.

Notes to the Financial Statements

for the Period Ended 31 October 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    a. Turnover
    i. Turnover is measured at the fair value of the consideration received or receivable net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

    b. Sale of goods
    i. Turnover from sale of goods is recognised when the significant risks and rewards of ownership of goods has transferred to the buyer. This is usually at the point that the customer has signed for delivery of goods.

    c. Rendering services
    i. Turnover from rendering of services is recognised by reference to the stage of completion of the contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated.

    Tangible fixed assets depreciation policy

    i. Tangible fixes assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
    1. Fixtures and Fittings 10% on WDV
    2. Equipment 20%

ESSIENCE GROUP LTD.

Notes to the Financial Statements

for the Period Ended 31 October 2022

  • 2. Employees


    2022

    2021
    Average number of employees during the period 4 6

ESSIENCE GROUP LTD.

Notes to the Financial Statements

for the Period Ended 31 October 2022

  • 3. Off balance sheet disclosure

    No

ESSIENCE GROUP LTD.

Notes to the Financial Statements

for the Period Ended 31 October 2022

4. Dividends


2022
£

2021
£
Dividends paid 2,000 2,000

ESSIENCE GROUP LTD.

Notes to the Financial Statements

for the Period Ended 31 October 2022

5. Tangible assets

Office equipment Total
Cost £ £
At 01 November 2021 1,600 1,600
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 October 2022 1,600 1,600
Depreciation
At 01 November 2021 649 649
Charge for year 320 320
On disposals - -
Other adjustments - -
At 31 October 2022 969 969
Net book value
At 31 October 2022 631 631
At 31 October 2021 951 951

ESSIENCE GROUP LTD.

Notes to the Financial Statements

for the Period Ended 31 October 2022

6. Debtors


2022
£

2021
£
Trade debtors 3,691 2,013
Total 3,691 2,013

ESSIENCE GROUP LTD.

Notes to the Financial Statements

for the Period Ended 31 October 2022

7.Creditors: amounts falling due within one year note


2022
£

2021
£
Taxation and social security 2,479 1,761
Total 2,479 1,761