This Is Enric Limited |
Notes to the Accounts |
for the period from 1 November 2022 to 29 February 2024 |
|
|
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 rendering of services which 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. |
|
|
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: |
|
|
Plant and machinery |
20% Straight line |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
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. |
|
|
2 |
Employees |
2024 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 November 2022 |
16,934 |
|
1,920 |
|
18,854 |
|
Disposals |
(16,934) |
|
(1,920) |
|
(18,854) |
|
At 29 February 2024 |
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2022 |
15,311 |
|
608 |
|
15,919 |
|
Charge for the period |
752 |
|
384 |
|
1,136 |
|
On disposals |
(16,063) |
|
(992) |
|
(17,055) |
|
At 29 February 2024 |
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 29 February 2024 |
- |
|
- |
|
- |
|
At 31 October 2022 |
1,623 |
|
1,312 |
|
2,935 |
|
|
4 |
Debtors |
2024 |
|
2022 |
£ |
£ |
|
|
Trade debtors |
- |
|
4,400 |
|
Directors loan |
1,915 |
|
36,556 |
|
|
|
|
|
|
1,915 |
|
40,956 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2024 |
|
2022 |
£ |
£ |
|
|
Taxation and social security costs |
8,521 |
|
7,390 |
|
Other creditors |
18,474 |
|
1,200 |
|
|
|
|
|
|
26,995 |
|
8,590 |
|
|
|
|
|
|
|
|
|
|
6 |
Transactions with the director |
|
|
During the period, the director E R Fernandez who is also the 100% shareholder of the company received dividends totalling £82,651 (2022: £20,000). |
|
|
7 |
Controlling party |
|
|
The controlling party is the director E R Fernandez who holds 100% of the issued share capital of the company. |
|
|
8 |
Other information |
|
|
This Is Enric Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
10 Comely Bank Road |
|
London |
|
E17 9ND |