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REGISTERED NUMBER: 00787435 (England and Wales)














ENTERPRISE MOTORS (ENFIELD) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






ENTERPRISE MOTORS (ENFIELD) LIMITED (REGISTERED NUMBER: 00787435)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ENTERPRISE MOTORS (ENFIELD) LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2023







DIRECTORS: D E Riches
Mrs J M Wolf



SECRETARY:



REGISTERED OFFICE: 167 Turners Hill
Cheshunt
Hertfordshire
EN8 9BH



REGISTERED NUMBER: 00787435 (England and Wales)



ACCOUNTANTS: Brindley Jacob
Chartered Accountants
167 Turners Hill
Cheshunt
Hertfordshire
EN8 9BH



BANKERS: Barclays Bank plc
20 The Town
Enfield
Middlesex
EN2 6LY

ENTERPRISE MOTORS (ENFIELD) LIMITED (REGISTERED NUMBER: 00787435)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 285 427
Investments 5 - 100
Investment property 6 900,000 900,000
900,285 900,527

CURRENT ASSETS
Debtors 15,859 17,669
Cash at bank and in hand 62,544 95,358
78,403 113,027
CREDITORS
Amounts falling due within one year 178,104 189,248
NET CURRENT LIABILITIES (99,701 ) (76,221 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

800,584

824,306

PROVISIONS FOR LIABILITIES 131,234 131,234
NET ASSETS 669,350 693,072

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 559,474 559,474
Other reserves 2,430 2,430
Retained earnings 107,346 131,068
SHAREHOLDERS' FUNDS 669,350 693,072

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ENTERPRISE MOTORS (ENFIELD) LIMITED (REGISTERED NUMBER: 00787435)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





Mrs J M Wolf - Director


ENTERPRISE MOTORS (ENFIELD) LIMITED (REGISTERED NUMBER: 00787435)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

Enterprise Motors (Enfield) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

ENTERPRISE MOTORS (ENFIELD) LIMITED (REGISTERED NUMBER: 00787435)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 569
DEPRECIATION
At 1 January 2023 142
Charge for year 142
At 31 December 2023 284
NET BOOK VALUE
At 31 December 2023 285
At 31 December 2022 427

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2023 100
Disposals (100 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 900,000
NET BOOK VALUE
At 31 December 2023 900,000
At 31 December 2022 900,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2021 690,708
Cost 209,292
900,000

ENTERPRISE MOTORS (ENFIELD) LIMITED (REGISTERED NUMBER: 00787435)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

7. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 559,474