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REGISTERED NUMBER: 04418166 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ENJOY-SALES LTD

ENJOY-SALES LTD (REGISTERED NUMBER: 04418166)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ENJOY-SALES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A P Marks
Mrs S Murray-Weaver





REGISTERED OFFICE: Newport House
Newport Road
Stafford
Staffordshire
ST16 1DA





REGISTERED NUMBER: 04418166 (England and Wales)





ACCOUNTANTS: Howards Limited
Chartered Certified Accountants
Newport House
Newport Road
Stafford
Staffordshire
ST16 1DA

ENJOY-SALES LTD (REGISTERED NUMBER: 04418166)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 25,832 28,545

CURRENT ASSETS
Stocks 286 782
Debtors 6 587,375 349,517
Prepayments and accrued income 8,357 10,804
Cash at bank 132,789 206,695
728,807 567,798
CREDITORS
Amounts falling due within one year 7 (405,657 ) (307,661 )
NET CURRENT ASSETS 323,150 260,137
TOTAL ASSETS LESS CURRENT
LIABILITIES

348,982

288,682

CREDITORS
Amounts falling due after more than one
year

8

(14,100

)

(43,746

)

ACCRUALS AND DEFERRED INCOME (6,150 ) (9,148 )
NET ASSETS 328,732 235,788

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 29,975 29,975
Revaluation reserve 10 2,165 2,573
Retained earnings 296,392 203,040
SHAREHOLDERS' FUNDS 328,732 235,788

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.

ENJOY-SALES LTD (REGISTERED NUMBER: 04418166)

STATEMENT OF FINANCIAL POSITION - 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 20 August 2024 and were signed on its behalf by:





A P Marks - Director


ENJOY-SALES LTD (REGISTERED NUMBER: 04418166)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Enjoy-Sales Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 04418166 and the registered office is Newport House, Newport Road, Stafford, Staffordshire ST16 1DA.

The principal activity of the company is that of sales training and management.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Functional currency
The financial statements are prepared in sterling (£). The functional currency of the company is sterling (£).

Significant judgements and estimates
In determining and applying accounting policies, judgement is often required in respect of items where the choice of specific policy, accounting estimate or assumption to be followed could materially affect the reported results or net asset position of the company; it may later be determined that a different choice would have been more appropriate. Management considers that certain accounting estimates and assumptions relating to revenue, taxation, tangible fixed assets, provisions and contingent liabilities and accruals are its critical accounting estimates.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has only been partly completed at the balance sheet date turnover represents the value of the services provided to date based on a proportion of the total expected consideration at completion. Where payments are received in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a batch specific basis. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

ENJOY-SALES LTD (REGISTERED NUMBER: 04418166)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 that have been enacted or substantively enacted by the statement of financial position statement of financial positiondate.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial positionstatement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

ENJOY-SALES LTD (REGISTERED NUMBER: 04418166)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. ACCOUNTING POLICIES - continued

Going concern
In common with most other businesses we are operating in uncertain times as a result of the Coronavirus and the impact that it has had on all businesses large and small. Although we will be eligible for some Government aid, at the moment we do not know how long the situation will continue. The directors are taking all reasonable steps to ensure continued operations and believe that it is appropriate to continue to prepare the accounts on the going concern basis.

Impairment of non financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Inventories are also assessed for impairment at each reporting date. The carrying amount of each item of inventory, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of inventory or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2023 29,500 50,896 54,281 134,677
Additions 4,970 - 8,332 13,302
At 31 December 2023 34,470 50,896 62,613 147,979
DEPRECIATION
At 1 January 2023 18,032 39,232 48,868 106,132
Charge for year 2,071 11,664 2,280 16,015
At 31 December 2023 20,103 50,896 51,148 122,147
NET BOOK VALUE
At 31 December 2023 14,367 - 11,465 25,832
At 31 December 2022 11,468 11,664 5,413 28,545

Cost or valuation at 31 December 2023 is represented by:

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Valuation in 2014 10,000 - 7,500 17,500
Valuation in 2017 - - 8,500 8,500
Cost 24,470 50,896 46,613 121,979
34,470 50,896 62,613 147,979

ENJOY-SALES LTD (REGISTERED NUMBER: 04418166)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS - continued

If tangible fixed assets had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 50,398 50,398
Aggregate depreciation 38,317 38,317

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 50,896
DEPRECIATION
At 1 January 2023 39,232
Charge for year 11,664
At 31 December 2023 50,896
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 11,664

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 69,070 81,969
Amounts owed by group undertakings - 142,272
Other debtors 518,305 125,276
587,375 349,517

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,064 9,907
Hire purchase contracts 20,384 10,222
Trade creditors 89,076 89,563
Amounts owed to group undertakings 98,015 -
Taxation and social security 182,980 163,749
Other creditors 5,138 34,220
405,657 307,661

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 14,100 24,258
Hire purchase contracts - 19,488
14,100 43,746

ENJOY-SALES LTD (REGISTERED NUMBER: 04418166)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 20,384 29,710

A charge on the company was filed by The Governer and Company of the Bank of Scotland on 20th August 2007, and Lloyds Bank Commercial Finance Ltd on 18th November 2014 . However, at the balance sheet date there were no loans outstanding in relation to these years.

The hire purchase liabilities are secured on the assets to which they relate.

10. RESERVES
Revaluation
reserve
£   
At 1 January 2023 2,573
Diminution of revaluation (408 )

At 31 December 2023 2,165

11. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £85,876 (2022: £46,666).

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
A P Marks
Balance outstanding at start of year 40,214 361,415
Amounts advanced 398,011 40,214
Amounts repaid - (361,415 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 438,225 40,214

Mrs S Murray-Weaver
Balance outstanding at start of year 72,927 73,580
Amounts advanced 107,438 79,347
Amounts repaid (111,801 ) (80,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 68,564 72,927

The directors loan account was repaid within nine months of the year end via a dividend.