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REGISTERED NUMBER: 09307379 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Encore Technologies Limited

Encore Technologies Limited (Registered number: 09307379)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Encore Technologies Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J King
J Mcaulay





REGISTERED OFFICE: 124 City Road
London
EC1V 2NX





REGISTERED NUMBER: 09307379 (England and Wales)





ACCOUNTANTS: Oculus Accountancy Limited
Chartered Accountants
83 Victoria Street
London
SW1H 0HW

Encore Technologies Limited (Registered number: 09307379)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,942 7,214

CURRENT ASSETS
Debtors 5 88,051 94,875
Cash at bank 119,902 495,163
207,953 590,038
CREDITORS
Amounts falling due within one year 6 (389,922 ) (313,467 )
NET CURRENT (LIABILITIES)/ASSETS (181,969 ) 276,571
TOTAL ASSETS LESS CURRENT
LIABILITIES

(174,027

)

283,785

CREDITORS
Amounts falling due after more than one
year

7

(22,073

)

(40,290

)
NET (LIABILITIES)/ASSETS (196,100 ) 243,495

CAPITAL AND RESERVES
Called up share capital 594,330 185
Share premium 2,463,613 2,463,613
Retained earnings (3,254,043 ) (2,220,303 )
(196,100 ) 243,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Encore Technologies Limited (Registered number: 09307379)

Balance Sheet - continued
31 December 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 13 March 2024 and were signed on its behalf by:





J Mcaulay - Director


Encore Technologies Limited (Registered number: 09307379)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Encore Technologies 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.

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 calculated over the estimated useful economic lives, as follows:

- Computer Equipment- Over 3 years on a straight line basis
- Furniture and fixtures- Over 3 years on a straight line basis
- Musician equipment- Over 3 years on a straight line basis

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.

Going concern
The directors believe that notwithstanding current year losses of £1,086,398 the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support from external investors will be adequate to meet the company's needs for a period of at least 12 months from the date of approval of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 16 ) .

Encore Technologies Limited (Registered number: 09307379)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
office and Computer
equipment fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 430 3,272 19,391 23,093
Additions - - 6,152 6,152
At 31 December 2023 430 3,272 25,543 29,245
DEPRECIATION
At 1 January 2023 430 2,992 12,457 15,879
Charge for year - 94 5,330 5,424
At 31 December 2023 430 3,086 17,787 21,303
NET BOOK VALUE
At 31 December 2023 - 186 7,756 7,942
At 31 December 2022 - 280 6,934 7,214

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 31,414 25,268
Other debtors 56,637 69,607
88,051 94,875

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 68,285 50,460
Taxation and social security 253,459 215,075
Other creditors 68,178 47,932
389,922 313,467

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 22,073 40,290