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REGISTERED NUMBER: 07242907 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Envelope Contracts Ltd

Envelope Contracts Ltd (Registered number: 07242907)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Envelope Contracts Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr S M Breazu





REGISTERED OFFICE: 11 Lime Grove
Sidcup
Kent
DA15 8PH





REGISTERED NUMBER: 07242907 (England and Wales)





ACCOUNTANTS: E Johnson & Associates
Chartered Certified Accountants
637 Green Lanes
London
N8 0RE

Envelope Contracts Ltd (Registered number: 07242907)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,087,568 566,548

CURRENT ASSETS
Debtors 5 131,814 276,193
Cash at bank 127,630 283,929
259,444 560,122
CREDITORS
Amounts falling due within one
year

6

556,439

342,559
NET CURRENT (LIABILITIES)/ASSETS (296,995 ) 217,563
TOTAL ASSETS LESS CURRENT
LIABILITIES

790,573

784,111

CREDITORS
Amounts falling due after more
than one year

7

15,000

25,000
NET ASSETS 775,573 759,111

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 9 775,373 758,911
SHAREHOLDERS' FUNDS 775,573 759,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Envelope Contracts Ltd (Registered number: 07242907)

Balance Sheet - continued
30 November 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 director and authorised for issue on 23 August 2024 and were signed by:





Mr S M Breazu - Director


Envelope Contracts Ltd (Registered number: 07242907)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Envelope Contracts Ltd 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 provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Envelope Contracts Ltd (Registered number: 07242907)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 562,800 3,449 5,500 6,874 578,623
Additions 521,860 380 - 1,425 523,665
At 30 November 2023 1,084,660 3,829 5,500 8,299 1,102,288
DEPRECIATION
At 1 December 2022 693 2,126 5,134 4,122 12,075
Charge for year 1,084 425 91 1,045 2,645
At 30 November 2023 1,777 2,551 5,225 5,167 14,720
NET BOOK VALUE
At 30 November 2023 1,082,883 1,278 275 3,132 1,087,568
At 30 November 2022 562,107 1,323 366 2,752 566,548

5. DEBTORS
30.11.23 30.11.22
£    £   
Amounts falling due within one year:
Trade debtors 9,851 58,354
Other debtors 115,296 191,172
125,147 249,526

Amounts falling due after more than one year:
Other debtors 6,667 26,667

Aggregate amounts 131,814 276,193

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 76,244 61,871
Taxation and social security 75,507 56,742
Other creditors 394,688 213,946
556,439 342,559

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 15,000 25,000

Envelope Contracts Ltd (Registered number: 07242907)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100
100 Ordinary A £1 100 100
200 200

9. RESERVES
Retained
earnings
£   

At 1 December 2022 758,911
Profit for the year 94,462
Dividends (78,000 )
At 30 November 2023 775,373

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £38,000 (2022 - £38,000) were paid to the director .

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S M Breazu.

By virtue of being the sole director of the company and controls 50% of the ordinary share capital of the company.