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REGISTERED NUMBER: 07136896 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ENSIGN MOTORS LTD

ENSIGN MOTORS LTD (REGISTERED NUMBER: 07136896)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


ENSIGN MOTORS LTD (REGISTERED NUMBER: 07136896)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,140 2,897

CURRENT ASSETS
Stocks 1,300 1,300
Debtors 5 23,418 34,116
Cash at bank and in hand 5,440 5,038
30,158 40,454
CREDITORS
Amounts falling due within one year 6 24,269 32,443
NET CURRENT ASSETS 5,889 8,011
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,029

10,908

CREDITORS
Amounts falling due after more than one
year

7

(18,042

)

(12,088

)

PROVISIONS FOR LIABILITIES (1,176 ) (550 )
NET LIABILITIES (1,189 ) (1,730 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (1,190 ) (1,731 )
SHAREHOLDERS' FUNDS (1,189 ) (1,730 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ENSIGN MOTORS LTD (REGISTERED NUMBER: 07136896)

BALANCE SHEET - continued
31 MARCH 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 September 2024 and were signed by:





Mr S Winter - Director


ENSIGN MOTORS LTD (REGISTERED NUMBER: 07136896)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Ensign Motors Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07136896

Registered office: 5 Century Way
March
Cambridgeshire
PE15 8QW

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.

The financial statements have been prepared on the going concern basis which assumes the continued support of the company's director, bankers and creditors.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & equipment - 25% on cost and 15% on reducing balance
Office & computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ENSIGN MOTORS LTD (REGISTERED NUMBER: 07136896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Office &
Plant & computer Motor
equipment equipment vehicles Totals
£    £    £    £   
COST
At 1 April 2023 11,528 1,367 - 12,895
Additions 500 50 11,500 12,050
Disposals - (270 ) - (270 )
At 31 March 2024 12,028 1,147 11,500 24,675
DEPRECIATION
At 1 April 2023 8,642 1,356 - 9,998
Charge for year 471 18 2,313 2,802
Eliminated on disposal - (265 ) - (265 )
At 31 March 2024 9,113 1,109 2,313 12,535
NET BOOK VALUE
At 31 March 2024 2,915 38 9,187 12,140
At 31 March 2023 2,886 11 - 2,897

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 11,000
At 31 March 2024 11,000
DEPRECIATION
Charge for year 2,292
At 31 March 2024 2,292
NET BOOK VALUE
At 31 March 2024 8,708

ENSIGN MOTORS LTD (REGISTERED NUMBER: 07136896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 191
Other debtors 23,418 33,925
23,418 34,116

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,960 1,960
Hire purchase contracts 1,864 -
Trade creditors 7,953 9,416
Taxation and social security 4,237 3,206
Other creditors 8,255 17,861
24,269 32,443

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,128 12,088
Hire purchase contracts 7,914 -
18,042 12,088

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 327 2,287

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 9,778 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

ENSIGN MOTORS LTD (REGISTERED NUMBER: 07136896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. TRANSACTIONS WITH DIRECTORS

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr S Winter
Balance outstanding at start of year 32,101 38,862
Amounts advanced 26,063 46,169
Amounts repaid (35,646 ) (52,930 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,518 32,101

The above balance is included in debtors falling due with one year and is being repaid after the balance sheet date.

During the year dividends were paid to the director amounting to £2,000 (2023 - Nil).

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Winter.