ENHANCE HOSPITALITY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
Company registration number SC412647 (Scotland)
PAGES FOR FILING WITH REGISTRAR
ENHANCE HOSPITALITY LIMITED
COMPANY INFORMATION
Director
Mr W Gorol
Company number
SC412647
Registered office
44 Bank Street
Kilmarnock
Ayrshire
KA1 1HA
Accountants
Dains
46 Bank Street
Kilmarnock
Ayrshire
KA1 1HA
Business address
34 South Gyle Crescent
Edinburgh
Lothian
Scotland
EH12 9EB
ENHANCE HOSPITALITY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
ENHANCE HOSPITALITY LIMITED
BALANCE SHEET
AS AT 30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
250,320
287,753
Cash at bank and in hand
261,637
65,528
511,957
353,281
Creditors: amounts falling due within one year
4
(261,319)
(130,938)
Net current assets
250,638
222,343
Creditors: amounts falling due after more than one year
5
(15,835)
(25,915)
Net assets
234,803
196,428
Capital and reserves
Called up share capital
6
10
10
Profit and loss reserves
234,793
196,418
Total equity
234,803
196,428

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 21 August 2024
Mr W Gorol
Director
Company registration number SC412647 (Scotland)
ENHANCE HOSPITALITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 2 -
1
Accounting policies
Company information

Enhance Hospitality Limited is a private company limited by shares incorporated in Scotland. The registered office is 44 Bank Street, Kilmarnock, Ayrshire, KA1 1HA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
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.

 

Turnover is represented by services provided to the hospitality and care home sectors for procurement consultancy.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33.3% straight-line

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.

1.4
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 current liabilities.

1.5
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 bank and other third parties, loans to or from related parties and investments in non-puttable ordinary shares.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

ENHANCE HOSPITALITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
8
8
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
142,169
140,320
Other debtors
108,151
147,433
250,320
287,753
ENHANCE HOSPITALITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 4 -
4
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
9,836
9,592
Trade creditors
15,018
6,110
Taxation and social security
23,195
25,496
Other creditors
213,270
89,740
261,319
130,938
5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
15,835
25,915
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
10
10
10
10
7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
19,250
49,020
ENHANCE HOSPITALITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 5 -
8
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

 

The TriSAAS Group Ltd

A company of which W. Gorol is a director.

 

The company received loans of £434,642 from, and made repayments of £356,000 to, The TriSAAS Group Ltd. This resulted in a closing balance of £95,506 (2022: £16,864) being owed to The TriSAAS Group Ltd at the balance sheet date.

 

There is £2,184 included within trade creditors which is also due in addition to the balance above.

 

There is no interest being charged on these amounts and the balances are repayable on demand.

 

GyleWorks Ltd

A company of which W. Gorol is a director.

 

The company was charged £31,650 for office rental and associated service charges from GyleWorks Ltd, of which £3,300 (2022: £3,096) was owed to GyleWorks Ltd at the balance sheet date.

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