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Registered number: 13251470
Enso Apparel Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Modus Accountants Ltd
Unit 1c Church Green
Witney
OX28 4YR
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 13251470
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 50,158 42,158
50,158 42,158
CURRENT ASSETS
Debtors 5 309,532 109,246
Cash at bank and in hand 118,304 100,046
427,836 209,292
Creditors: Amounts Falling Due Within One Year 6 (328,238 ) (120,649 )
NET CURRENT ASSETS (LIABILITIES) 99,598 88,643
TOTAL ASSETS LESS CURRENT LIABILITIES 149,756 130,801
Creditors: Amounts Falling Due After More Than One Year 7 (846,221 ) (576,340 )
NET LIABILITIES (696,465 ) (445,539 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement (696,565 ) (445,639 )
SHAREHOLDERS' FUNDS (696,465) (445,539)
Page 1
Page 2
For the year ending 31 March 2024 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 Income Statement.
On behalf of the board
Mr Peter Denton
Director
6 September 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
Enso Apparel Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13251470 . The registered office is 71-75 Shelton Street, London, Greater London, WC2H 9JQ.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website and trademark registrations. Assets in progress are held at cost and amortised upon completion. Assets are amortised to the income statement over the estimated economic life.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Intangible Assets
Other
£
Cost
As at 1 April 2023 42,158
Additions 8,000
As at 31 March 2024 50,158
Net Book Value
As at 31 March 2024 50,158
As at 1 April 2023 42,158
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,832 1,107
Corporation tax recoverable assets 292,912 104,496
VAT 14,651 3,611
Net wages 137 32
309,532 109,246
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,458 8,175
Other taxes and social security 184 131
Amounts owed to group undertakings 326,596 112,343
328,238 120,649
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings 846,221 576,340
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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