Engetel Limited 04925513 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is supplying equipment for hire. Digita Accounts Production Advanced 6.30.9574.0 true 04925513 2022-11-01 2023-10-31 04925513 2023-10-31 04925513 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-10-31 04925513 core:CurrentFinancialInstruments 2023-10-31 04925513 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 04925513 core:MotorVehicles 2023-10-31 04925513 bus:SmallEntities 2022-11-01 2023-10-31 04925513 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 04925513 bus:FilletedAccounts 2022-11-01 2023-10-31 04925513 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 04925513 bus:RegisteredOffice 2022-11-01 2023-10-31 04925513 bus:CompanySecretary1 2022-11-01 2023-10-31 04925513 bus:Director1 2022-11-01 2023-10-31 04925513 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-11-01 2023-10-31 04925513 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 04925513 core:Aircraft 2022-11-01 2023-10-31 04925513 core:MotorVehicles 2022-11-01 2023-10-31 04925513 core:OfficeEquipment 2022-11-01 2023-10-31 04925513 countries:EnglandWales 2022-11-01 2023-10-31 04925513 2022-10-31 04925513 core:MotorVehicles 2022-10-31 04925513 2021-11-01 2022-10-31 04925513 2022-10-31 04925513 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-10-31 04925513 core:CurrentFinancialInstruments 2022-10-31 04925513 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 04925513 core:MotorVehicles 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04925513

Engetel Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

Engetel Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Engetel Limited

Company Information

Director

N Gates

Company secretary

L Boozer

Registered office

27 Silver Tree Close
Chatham
Kent
ME5 9ST

 

Engetel Limited

(Registration number: 04925513)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

33,277

36,975

Current assets

 

Debtors

5

2,000

2,000

Creditors: Amounts falling due within one year

6

(82,824)

(79,676)

Net current liabilities

 

(80,824)

(77,676)

Net liabilities

 

(47,547)

(40,701)

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(47,548)

(40,702)

Shareholders' deficit

 

(47,547)

(40,701)

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 July 2024
 

.........................................
N Gates
Director

 

Engetel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
27 Silver Tree Close
Chatham
Kent
ME5 9ST

These financial statements were authorised for issue by the director on 26 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Aircraft and equipment for hire

10% reducing balance per annum

Office and equipment for hire

20% reducing balance per annum

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Engetel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

 

Engetel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

4

Tangible assets

Aircraft
 £

Total
£

Cost or valuation

At 1 November 2022

74,491

74,491

At 31 October 2023

74,491

74,491

Depreciation

At 1 November 2022

37,516

37,516

Charge for the year

3,698

3,698

At 31 October 2023

41,214

41,214

Carrying amount

At 31 October 2023

33,277

33,277

At 31 October 2022

36,975

36,975

5

Debtors

Current

2023
£

2022
£

Other debtors

2,000

2,000

 

2,000

2,000

 

Engetel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

1,866

1,866

Trade creditors

 

6,784

5,239

Accruals and deferred income

 

480

480

Other creditors

 

73,694

72,091

 

82,824

79,676

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

8

Loans and borrowings

Current loans and borrowings

2023
£

2022
£

Bank overdrafts

1,866

1,866