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REGISTERED NUMBER: 10984855 (England and Wales)











Financial Statements

for the Year Ended 30 September 2023

for

Engines For Good Ltd.
Trading as
Clipper Automotive

Engines For Good Ltd. (Registered number: 10984855)
Trading as Clipper Automotive






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Engines For Good Ltd.
Trading as Clipper Automotive

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Dr A P Howard





SECRETARY: Ms E R Peters





REGISTERED OFFICE: 47 Melbourne Grove
East Dulwich
London
SE22 8RG





REGISTERED NUMBER: 10984855 (England and Wales)





ACCOUNTANTS: N R Bennett Ltd
The Wain House
Stretfordbury
Leominster
Hertfordshire
HR6 0LP

Engines For Good Ltd. (Registered number: 10984855)
Trading as Clipper Automotive

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 109 431

CURRENT ASSETS
Debtors 5 19,142 47,458
Cash at bank and in hand 18,794 47,243
37,936 94,701
CREDITORS
Amounts falling due within one year 6 42,441 22,640
NET CURRENT (LIABILITIES)/ASSETS (4,505 ) 72,061
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,396

)

72,492

CAPITAL AND RESERVES
Called up share capital 10,118 10,064
Share premium 218,582 210,536
Retained earnings (233,096 ) (148,108 )
(4,396 ) 72,492

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2023 and were signed by:





Dr A P Howard - Director


Engines For Good Ltd. (Registered number: 10984855)
Trading as Clipper Automotive

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Engines For Good Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.33% on cost and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

Engines For Good Ltd. (Registered number: 10984855)
Trading as Clipper Automotive

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 1,096
Disposals (883 )
At 30 September 2023 213
DEPRECIATION
At 1 October 2022 665
Charge for year 27
Eliminated on disposal (588 )
At 30 September 2023 104
NET BOOK VALUE
At 30 September 2023 109
At 30 September 2022 431

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other debtors 19,142 47,458

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Taxation and social security 672 1,300
Other creditors 41,769 21,340
42,441 22,640