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COMPANY REGISTRATION NUMBER: 08911405
ENU Limited
Filleted Unaudited Abridged Financial Statements
31 May 2023
ENU Limited
Abridged Financial Statements
Year ended 31 May 2023
Contents
Page
Abridged statement of financial position
1
Notes to the abridged financial statements
3
ENU Limited
Abridged Statement of Financial Position
31 May 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
4
1,822
2,430
Current assets
Debtors
5,000
5,000
Cash at bank and in hand
2,742
3,516
-------
-------
7,742
8,516
Creditors: amounts falling due within one year
15,164
13,594
--------
--------
Net current liabilities
7,422
5,078
-------
-------
Total assets less current liabilities
( 5,600)
( 2,648)
Creditors: amounts falling due after more than one year
14,000
21,000
--------
--------
Net liabilities
( 19,600)
( 23,648)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 19,700)
( 23,748)
--------
--------
Shareholders deficit
( 19,600)
( 23,648)
--------
--------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2023 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 abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of financial position for the year ending 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.
ENU Limited
Abridged Statement of Financial Position (continued)
31 May 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 31 January 2024 , and are signed on behalf of the board by:
Mr U Kubah
Director
Company registration number: 08911405
ENU Limited
Notes to the Abridged Financial Statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 23 Seymour Place, London, W1H 5AN.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Tangible assets
£
Cost
At 1 June 2022 and 31 May 2023
4,320
-------
Depreciation
At 1 June 2022
1,890
Charge for the year
608
-------
At 31 May 2023
2,498
-------
Carrying amount
At 31 May 2023
1,822
-------
At 31 May 2022
2,430
-------
5. Director's advances, credits and guarantees
At the end of the year the company owed the director £6,625 (2022: £4,952).
6. Related party transactions
During the year company no dividend paid to the director Mr U Kubah (2022: nil).