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Registered number: 14523114
Enico Ltd
Unaudited Financial Statements
For the Period 5 December 2022 to 31 December 2023
Beaumonts Chartered Accountants
ICAEW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14523114
31 December 2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 15,940
15,940
CURRENT ASSETS
Stocks 5 19,200
Debtors 6 262
Cash at bank and in hand 5,313
24,775
Creditors: Amounts Falling Due Within One Year 7 (42,705 )
NET CURRENT ASSETS (LIABILITIES) (17,930 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,990 )
Creditors: Amounts Falling Due After More Than One Year 8 (21,164 )
NET LIABILITIES (23,154 )
CAPITAL AND RESERVES
Called up share capital 9 2
Profit and Loss Account (23,156 )
SHAREHOLDERS' FUNDS (23,154)
Page 1
Page 2
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jason Martin
Director
05/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Enico Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14523114 . The registered office is 128 City Road, London, EC1V 2NX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant & Machinery 18% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 5
5
4. Tangible Assets
Plant & Machinery
£
Cost
As at 5 December 2022 -
Additions 19,440
As at 31 December 2023 19,440
Depreciation
As at 5 December 2022 -
Provided during the period 3,500
As at 31 December 2023 3,500
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2023 15,940
As at 5 December 2022 -
5. Stocks
31 December 2023
£
Stock 19,200
6. Debtors
31 December 2023
£
Due within one year
Trade debtors 198
Other debtors 64
262
7. Creditors: Amounts Falling Due Within One Year
31 December 2023
£
Trade creditors 4,556
Bank loans and overdrafts 4,164
Other creditors 600
Taxation and social security 33,385
42,705
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2023
£
Other creditors 21,164
9. Share Capital
31 December 2023
£
Allotted, Called up and fully paid 2
Page 4