Registered number
12971118
ENRKE LTD
Filleted Accounts
30 October 2022
ENRKE LTD
Registered number: 12971118
Balance Sheet
as at 30 October 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 38,806 13,145
Current assets
Stocks 7,576 1,818
Debtors 4 1,518 19,623
Cash at bank and in hand 25,689 42,717
34,783 64,158
Creditors: amounts falling due within one year 5 (40,725) (21,708)
Net current (liabilities)/assets (5,942) 42,450
Total assets less current liabilities 32,864 55,595
Creditors: amounts falling due after more than one year 6 (28,082) (39,170)
Net assets 4,782 16,425
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,682 16,325
Shareholders' funds 4,782 16,425
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
E Barrientos Vivas
Director
Approved by the board on 20 October 2023
ENRKE LTD
Notes to the Accounts
for the period from 1 November 2021 to 30 October 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going Concern
The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The company has financial support from the shareholder. Based on this the director believes the company has adequate resources to continue in operational existence and to meet its financial obligations . Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold improvements over 10 years
Plant and machinery over 5 years
Fixtures and fittings over 10 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 10 5
3 Tangible fixed assets
Leasehold improvements Plant and machinery etc Fixtures and fittings Total
£ £ £ £
Cost
At 1 November 2021 - 14,181 - 14,181
Additions 25,706 2,872 1,553 30,131
At 30 October 2022 25,706 17,053 1,553 44,312
Depreciation
At 1 November 2021 - 1,036 - 1,036
Charge for the period 1,231 3,161 78 4,470
At 30 October 2022 1,231 4,197 78 5,506
Net book value
At 30 October 2022 24,475 12,856 1,475 38,806
At 31 October 2021 - 13,145 - 13,145
4 Debtors 2022 2021
£ £
Trade debtors 1,518 19,623
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 11,226 5,997
VAT 17,098 6,334
Pension payable 625 949
Net Wages - 707
Taxation and social security costs 9,926 2,746
Accruals 1,850 4,975
40,725 21,708
6 Creditors: amounts falling due after one year 2022 2021
£ £
Amounts owed to shareholder 6,799 17,887
Accruals 21,283 21,283
28,082 39,170
7 Other information
ENRKE LTD is a private company limited by shares and incorporated in England. Its registered office is:
129 Kingsland High Street
London
E8 2PB
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