Company Registration No. 09922453 (England and Wales)
Ensco 1162 Limited
Unaudited accounts
for the year ended 31 December 2023
Ensco 1162 Limited
Unaudited accounts
Contents
Ensco 1162 Limited
Company Information
for the year ended 31 December 2023
Company Number
09922453 (England and Wales)
Registered Office
3RD FLOOR THE PINNACLE
73 KING STREET
MANCHESTER
M2 4NG
UNITED KINGDOM
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
Ensco 1162 Limited
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
15
96
Creditors: amounts falling due within one year
(691,783)
(583,666)
Net current (liabilities)/assets
(44,026)
30,779
Total assets less current liabilities
(44,026)
30,779
Creditors: amounts falling due after more than one year
(182,254)
(187,800)
Net liabilities
(226,280)
(157,021)
Called up share capital
100
100
Profit and loss account
(226,380)
(157,121)
Shareholders' funds
(226,280)
(157,021)
For the year 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 September 2024 and were signed on its behalf by
Mark Guterman
Director
Company Registration No. 09922453
Ensco 1162 Limited
Notes to the Accounts
for the year ended 31 December 2023
Ensco 1162 Limited is a private company, limited by shares, registered in England and Wales, registration number 09922453. The registered office is 3RD FLOOR THE PINNACLE, 73 KING STREET, MANCHESTER, M2 4NG, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Ensco 1162 Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Amounts due from group undertakings etc.
555,649
566,820
Deferred tax asset
46,285
7,992
Other debtors
39,920
39,537
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,510
5,379
Trade creditors
32,317
152,810
Other creditors
653,956
425,477
6
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
182,254
187,800
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
Stanthorne Limited:
The company is related to Stanthorne Limited by virtue of a common director. During the period, the net transfers between the two companies were £153,078 transferred from Stanthorne Limited (2022: £106,464). The amount outstanding to Stanthorne Limited at the Balance Sheet date was £571,857 (2022: £418,779).
Ensco 1174 Limited:
The company is related to Ensco 1174 Limited by virtue of a common director. During the period, the net transfers between the two companies were £12,688 paid too Ensco 1174 Limited (2022: £650). The amount due from Ensco 1174 Limited at the Balance Sheet date was £554,132 (2022: £566,820).
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).