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REGISTERED NUMBER: 02118556 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th September 2023

for

Enterprise Adhesives & Chemicals Limited

Enterprise Adhesives & Chemicals Limited (Registered number: 02118556)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Enterprise Adhesives & Chemicals Limited

Company Information
for the Year Ended 30th September 2023







DIRECTORS: I Harvey
A P Jarvis





SECRETARY: Mrs G Harvey





REGISTERED OFFICE: 43 Hornsby Square
Southfields Ind. Estate
Basildon
Essex
SS15 6SD





REGISTERED NUMBER: 02118556 (England and Wales)





ACCOUNTANTS: K E Jay & Co
52 Fielding Way
Hutton
Brentwood
Essex
CM13 1JN

Enterprise Adhesives & Chemicals Limited (Registered number: 02118556)

Balance Sheet
30th September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 868,579 913,187

CURRENT ASSETS
Stocks 5 178,434 265,772
Debtors 6 419,601 471,239
Cash at bank and in hand 6,987 6,632
605,022 743,643
CREDITORS
Amounts falling due within one year 7 684,628 821,734
NET CURRENT LIABILITIES (79,606 ) (78,091 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

788,973

835,096

CREDITORS
Amounts falling due after more than one
year

8

402,308

443,649
NET ASSETS 386,665 391,447

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 285,023 291,690
Retained earnings 101,542 99,657
SHAREHOLDERS' FUNDS 386,665 391,447

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

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

The directors acknowledge their 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.

Enterprise Adhesives & Chemicals Limited (Registered number: 02118556)

Balance Sheet - continued
30th September 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th November 2023 and were signed on its behalf by:





I Harvey - Director


Enterprise Adhesives & Chemicals Limited (Registered number: 02118556)

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

1. STATUTORY INFORMATION

Enterprise Adhesives & Chemicals Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 10 (2022 - 8 ) .

Enterprise Adhesives & Chemicals Limited (Registered number: 02118556)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1st October 2022 908,826 141,577 77,050 196,872 1,324,325
Additions - 2,243 829 - 3,072
Disposals - - - (23,240 ) (23,240 )
At 30th September 2023 908,826 143,820 77,879 173,632 1,304,157
DEPRECIATION
At 1st October 2022 106,070 126,280 66,499 112,289 411,138
Charge for year 16,976 4,385 2,845 21,142 45,348
Eliminated on disposal - - - (20,908 ) (20,908 )
At 30th September 2023 123,046 130,665 69,344 112,523 435,578
NET BOOK VALUE
At 30th September 2023 785,780 13,155 8,535 61,109 868,579
At 30th September 2022 802,756 15,297 10,551 84,583 913,187

Included in the cost or valuation of land and buildings is freehold land of £60,000 (2015 - £40000) which is not depreciated.

Cost or valuation at 30th September 2023 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2011 198,000 - - - 198,000
Valuation in 2013 32,000 - - - 32,000
Valuation in 2016 34,689 - - - 34,689
Valuation in 2017 6,076 - - - 6,076
Cost 638,061 143,820 77,879 173,632 1,033,392
908,826 143,820 77,879 173,632 1,304,157

The Freehold Land and Building was valued on Open Market basis basis on 28th June 2016 by Rona .

5. STOCKS
30.9.23 30.9.22
£    £   
Raw materials 115,434 172,772
Finished goods 63,000 93,000
178,434 265,772

Enterprise Adhesives & Chemicals Limited (Registered number: 02118556)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 405,809 456,557
Prepayments and accrued income 13,792 14,682
419,601 471,239

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 77,010 76,549
Trade creditors 223,544 317,119
Tax 16,755 14,348
Social security and other taxes 74,627 73,639
Other creditors 5,919 6,826
Barclays sales factoring 259,118 290,773
Directors' current accounts 20,000 35,000
Accruals and deferred income 7,655 7,480
684,628 821,734

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans - 2-5 years 254,663 224,282
Bank loans more 5 yr by instal 147,645 219,367
402,308 443,649

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 147,645 219,367

9. RESERVES
Revaluation
reserve
£   
At 1st October 2022 291,690
Revaluation of Property (6,667 )

At 30th September 2023 285,023

Enterprise Adhesives & Chemicals Limited

Report of the Accountants to the Directors of
Enterprise Adhesives & Chemicals Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th September 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






K E Jay & Co
52 Fielding Way
Hutton
Brentwood
Essex
CM13 1JN


Date: .............................................