Company registration number 8380644 (England and Wales)
ESSIELL COMPLI LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
ESSIELL COMPLI LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 6
ESSIELL COMPLI LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ESSIELL COMPLI LIMITED FOR THE YEAR ENDED 31 DECEMBER 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Essiell Compli Limited for the year ended 31 December 2023 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Essiell Compli Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Essiell Compli Limited and state those matters that we have agreed to state to the Board of Directors of Essiell Compli Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Essiell Compli Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Essiell Compli Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Essiell Compli Limited. You consider that Essiell Compli Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Essiell Compli Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kirk Rice LLP
16 April 2024
The Courtyard
High Street
Ascot
Berkshire
SL5 7HP
ESSIELL COMPLI LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
4
302,500
357,500
Tangible assets
5
1,785
738
304,285
358,238
Current assets
Debtors
6
21,597
54,564
Cash at bank and in hand
57,585
55,278
79,182
109,842
Creditors: amounts falling due within one year
7
(250,399)
(586,278)
Net current liabilities
(171,217)
(476,436)
Net assets/(liabilities)
133,068
(118,198)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
133,067
(118,199)
Total equity
133,068
(118,198)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 16 April 2024 and are signed on its behalf by:
Mr B R Larsson
Director
Company registration number 8380644 (England and Wales)
ESSIELL COMPLI LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023
31 December 2023
- 3 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Accounting policies
Company information

Essiell Compli Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Courtyard, High Street, Ascot, Berkshire, SL5 7HP.

2.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.2
Going concern

As at the year end, the Company had net liabilities greater than its net assets. However, it has the continued support of the parent company and it is therefore able to meet its liabilities as they fall due. These accounts have therefore been prepared on a going concern basis.true

2.3
Turnover

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

2.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 7 years.

 

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

2.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

ESSIELL COMPLI LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
2
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25% a year on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

2.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

2.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
4
2
ESSIELL COMPLI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
4
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2023 and 31 December 2023
385,000
Amortisation and impairment
At 1 January 2023
27,500
Amortisation charged for the year
55,000
At 31 December 2023
82,500
Carrying amount
At 31 December 2023
302,500
At 31 December 2022
357,500
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023
861
Additions
1,370
At 31 December 2023
2,231
Depreciation and impairment
At 1 January 2023
123
Depreciation charged in the year
323
At 31 December 2023
446
Carrying amount
At 31 December 2023
1,785
At 31 December 2022
738
ESSIELL COMPLI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 6 -
6
Debtors
Year
Year
ended
ended
31 December
31 December
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
18,572
47,975
Other debtors
3,025
6,589
21,597
54,564
7
Creditors: amounts falling due within one year
Year
Year
ended
ended
31 December
31 December
2023
2022
£
£
Trade creditors
3,250
598
Amounts owed to group undertakings
195,519
526,418
Taxation and social security
34,549
14,911
Other creditors
17,081
44,351
250,399
586,278
2023-12-312023-01-01false16 April 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr B R LarssonMr R J StantonMr A C Slaterfalsefalse83806442023-01-012023-12-3183806442023-12-3183806442022-12-318380644core:NetGoodwill2023-12-318380644core:NetGoodwill2022-12-318380644core:OtherPropertyPlantEquipment2023-12-318380644core:OtherPropertyPlantEquipment2022-12-318380644core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-318380644core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-318380644core:ShareCapital2023-12-318380644core:ShareCapital2022-12-318380644core:RetainedEarningsAccumulatedLosses2023-12-318380644core:RetainedEarningsAccumulatedLosses2022-12-318380644bus:Director12023-01-012023-12-318380644core:Goodwill2023-01-012023-12-318380644core:ComputerEquipment2023-01-012023-12-3183806442022-01-012022-12-318380644core:NetGoodwill2022-12-318380644core:NetGoodwill2023-01-012023-12-318380644core:OtherPropertyPlantEquipment2022-12-318380644core:OtherPropertyPlantEquipment2023-01-012023-12-318380644core:CurrentFinancialInstruments2023-12-318380644core:CurrentFinancialInstruments2022-12-318380644core:WithinOneYear2023-12-318380644core:WithinOneYear2022-12-318380644bus:PrivateLimitedCompanyLtd2023-01-012023-12-318380644bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-318380644bus:FRS1022023-01-012023-12-318380644bus:AuditExemptWithAccountantsReport2023-01-012023-12-318380644bus:Director22023-01-012023-12-318380644bus:Director32023-01-012023-12-318380644bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP