Registered number
04295423
ENI SHIPPING (UK) LIMITED
Filleted Accounts
31 December 2023
ENI SHIPPING (UK) LIMITED
Registered number: 04295423
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,589 3,452
Current assets
Debtors 4 34,797 80,523
Cash at bank and in hand 56,717 130,185
91,514 210,708
Creditors: amounts falling due within one year 5 (5,804) (53,883)
Net current assets 85,710 156,825
Total assets less current liabilities 88,299 160,277
Creditors: amounts falling due after more than one year 6 (34,951) (44,841)
Net assets 53,348 115,436
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 52,348 114,436
Shareholders' funds 53,348 115,436
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.
J H CHOI
Director
Approved by the board on 27 August 2024
ENI SHIPPING (UK) LIMITED
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).
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.
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:
Plant & machinery 25% reducing balance
Fixtures & fittings 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. Current and deferred tax assets and liabilities are not discounted.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant & machinery Fixtures & fittings Total
£ £ £
Cost
At 1 January 2023 11,142 44,205 55,347
At 31 December 2023 11,142 44,205 55,347
Depreciation
At 1 January 2023 9,430 42,465 51,895
Charge for the year 428 435 863
At 31 December 2023 9,858 42,900 52,758
Net book value
At 31 December 2023 1,284 1,305 2,589
At 31 December 2022 1,712 1,740 3,452
4 Debtors 2023 2022
£ £
Trade debtors 33,535 77,419
Other debtors 1,262 3,104
34,797 80,523
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 68,992 105,469
Amounts owed to group undertakings and undertakings in which the company has a participating interest (63,323) (55,220)
Taxation and social security costs - 2,521
Other creditors 135 1,113
5,804 53,883
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 24,951 34,841
Other creditors 10,000 10,000
34,951 44,841
7 Other information
ENI SHIPPING (UK) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Centurion House
London Road
Staines-Upon-Thames
Surrey
TW18 4AX
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