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Company No: 10850407 (England and Wales)

ENCELADUS ENGINEERING LTD

Unaudited Financial Statements
For the financial period from 01 August 2023 to 31 May 2024
Pages for filing with the registrar

ENCELADUS ENGINEERING LTD

Unaudited Financial Statements

For the financial period from 01 August 2023 to 31 May 2024

Contents

ENCELADUS ENGINEERING LTD

BALANCE SHEET

As at 31 May 2024
ENCELADUS ENGINEERING LTD

BALANCE SHEET (continued)

As at 31 May 2024
Note 31.05.2024 31.07.2023
£ £
Fixed assets
Tangible assets 4 0 6,403
Investment property 5 0 291,746
0 298,149
Current assets
Debtors 6 0 2,515
Cash at bank and in hand 712,199 225,401
712,199 227,916
Creditors: amounts falling due within one year 7 ( 75,137) ( 40,823)
Net current assets 637,062 187,093
Total assets less current liabilities 637,062 485,242
Accruals and deferred income ( 2,501) ( 2,402)
Net assets 634,561 482,840
Capital and reserves
Called-up share capital 100 100
Profit and loss account 634,461 482,740
Total shareholders' funds 634,561 482,840

For the financial period ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Enceladus Engineering Ltd (registered number: 10850407) were approved and authorised for issue by the Board of Directors on 30 July 2024. They were signed on its behalf by:

E Evans
Director
Laurence Evans
Director
ENCELADUS ENGINEERING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 August 2023 to 31 May 2024
ENCELADUS ENGINEERING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 August 2023 to 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Enceladus Engineering Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3 Filers Way, Weston Gateway Business Park, Weston-Super-Mare, BS24 7JP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The reporting period length is shortened this period due to cessation of the Company. Comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

Period from
01.08.2023 to
31.05.2024
Year ended
31.07.2023
Number Number
Monthly average number of persons employed by the Company during the period, including directors 2 2

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 August 2023 11,179 11,179
Disposals ( 11,179) ( 11,179)
At 31 May 2024 0 0
Accumulated depreciation
At 01 August 2023 4,776 4,776
Disposals ( 4,776) ( 4,776)
At 31 May 2024 0 0
Net book value
At 31 May 2024 0 0
At 31 July 2023 6,403 6,403

5. Investment property

Investment property
£
Valuation
As at 01 August 2023 291,746
Disposals (291,746)
As at 31 May 2024 0

6. Debtors

31.05.2024 31.07.2023
£ £
Trade debtors 0 2,016
Other debtors 0 499
0 2,515

7. Creditors: amounts falling due within one year

31.05.2024 31.07.2023
£ £
Taxation and social security 75,137 39,597
Other creditors 0 1,226
75,137 40,823