Registered number
09346879
Endole Ltd
Filleted Accounts
31 December 2023
Endole Ltd
Registered number: 09346879
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £ £ £
Fixed assets
Intangible assets 3 912 2,923
Tangible assets 4 65,236 82,882
66,148 85,805
Current assets
Debtors 5 476,832 469,276
Cash at bank and in hand 251,609 115,443
728,441 584,719
Creditors: amounts falling due within one year 6 (70,763) (54,793)
Net current assets 657,678 529,926
Total assets less current liabilities 723,826 615,731
Provisions for liabilities (8,500) (13,250)
Net assets 715,326 602,481
Capital and reserves
Called up share capital 7 100 100
Profit and loss account 715,226 602,381
Shareholders' funds 715,326 602,481
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
U Chowdhury
Director
Approved by the board on 9 September 2024
Endole Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

The accounts are presented in Sterling which is the functional currency of the company and rounded to the nearest £.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold improvements over 10 years
Plant and machinery over 3 years
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 9 8
3 Intangible fixed assets £
Cost
At 1 January 2023 8,046
At 31 December 2023 8,046
Amortisation
At 1 January 2023 5,123
Provided during the year 2,011
At 31 December 2023 7,134
Net book value
At 31 December 2023 912
At 31 December 2022 2,923
4 Tangible fixed assets
Leasehold Improvements Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 51,324 16,882 117,343 185,549
Additions - 4,496 - 4,496
At 31 December 2023 51,324 21,378 117,343 190,045
Depreciation
At 1 January 2023 25,559 11,952 65,156 102,667
Charge for the year 5,132 3,964 13,046 22,142
At 31 December 2023 30,691 15,916 78,202 124,809
Net book value
At 31 December 2023 20,633 5,462 39,141 65,236
At 31 December 2022 25,765 4,930 52,187 82,882
5 Debtors 2023 2022
£ £
Other debtors 468,857 461,633
Prepayments and accrued income 7,975 7,643
476,832 469,276
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 2,750
Taxation and social security costs 66,179 50,222
Other creditors 1,834 1,821
Accruals and deferred income 2,750 -
70,763 54,793
7 Share capital 2023 2022
£ £
Allotted, called up and fully paid:
Ordinary Shares 100 100
8 Related party transactions
The company has provided an interest free loan of £450,000 to a related company under common ownership. This is still outstanding as at the balance sheet date.
9 Other information
Endole Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:
153 Lodge Road
West Bromwich
West Midlands
B70 8PJ
Its registered number is: 09346879
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