Registered number
07819339
This Is Enric Limited
Filleted Accounts for the year ended
29 February 2024
This Is Enric Limited
Registered number: 07819339
Balance Sheet
as at 29 February 2024
Notes 2024 2022
£ £
Fixed assets
Tangible assets 3 - 2,935
Current assets
Debtors 4 1,915 40,956
Cash at bank and in hand 25,081 13,959
26,996 54,915
Creditors: amounts falling due within one year 5 (26,995) (8,590)
Net current assets 1 46,325
Net assets 1 49,260
Capital and reserves
Called up share capital 1 1
Profit and loss account - 49,259
Shareholder's funds 1 49,260
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
E R Fernandez
Director
Approved by the board on 18 April 2024
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
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