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REGISTERED NUMBER: 04089692 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ENERCO DOORS & LOADING BAY SOLUTIONS
LIMITED

ENERCO DOORS & LOADING BAY SOLUTIONS
LIMITED (REGISTERED NUMBER: 04089692)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ENERCO DOORS & LOADING BAY SOLUTIONS
LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2023







DIRECTORS: Mr C Hughes
Mrs P S Hughes





REGISTERED OFFICE: 260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





BUSINESS ADDRESS: Unit 20
Triumph Way
Woburn Road Industrial Estate
Kempston
Bedfordshire
MK42 7QB





REGISTERED NUMBER: 04089692 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

ENERCO DOORS & LOADING BAY SOLUTIONS
LIMITED (REGISTERED NUMBER: 04089692)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 215,507 143,111

CURRENT ASSETS
Stocks 49,430 38,686
Debtors 5 740,440 777,748
Cash at bank and in hand 944,385 763,575
1,734,255 1,580,009
CREDITORS
Amounts falling due within one year 6 974,798 1,061,599
NET CURRENT ASSETS 759,457 518,410
TOTAL ASSETS LESS CURRENT
LIABILITIES

974,964

661,521

CREDITORS
Amounts falling due after more than one
year

7

(18,270

)

(28,079

)

PROVISIONS FOR LIABILITIES 9 (52,416 ) (43,718 )
NET ASSETS 904,278 589,724

CAPITAL AND RESERVES
Called up share capital 10 6 6
Capital redemption reserve 2 2
Retained earnings 904,270 589,716
SHAREHOLDERS' FUNDS 904,278 589,724

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.

ENERCO DOORS & LOADING BAY SOLUTIONS
LIMITED (REGISTERED NUMBER: 04089692)

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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:




Mr C Hughes - Director



Mrs P S Hughes - Director


ENERCO DOORS & LOADING BAY SOLUTIONS
LIMITED (REGISTERED NUMBER: 04089692)

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

1. STATUTORY INFORMATION

Enerco Doors & Loading Bay Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

.

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 and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on disposal of an asset is determined at the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

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 Statement of Income and Retained Earnings, 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.


ENERCO DOORS & LOADING BAY SOLUTIONS
LIMITED (REGISTERED NUMBER: 04089692)

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

2. ACCOUNTING POLICIES - continued
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.

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.

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 25 (2022 - 28 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 37,655 8,405 402,351 85,522 533,933
Additions 20,153 - 190,793 - 210,946
Disposals - - (139,742 ) - (139,742 )
At 31 December 2023 57,808 8,405 453,402 85,522 605,137
DEPRECIATION
At 1 January 2023 32,171 4,859 283,308 70,484 390,822
Charge for year 6,409 887 61,181 4,962 73,439
Eliminated on disposal - - (74,631 ) - (74,631 )
At 31 December 2023 38,580 5,746 269,858 75,446 389,630
NET BOOK VALUE
At 31 December 2023 19,228 2,659 183,544 10,076 215,507
At 31 December 2022 5,484 3,546 119,043 15,038 143,111

ENERCO DOORS & LOADING BAY SOLUTIONS
LIMITED (REGISTERED NUMBER: 04089692)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 56,511
Disposals (20,916 )
Transfer to ownership (35,595 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 32,670
Charge for year 3,755
Eliminated on disposal (12,092 )
Transfer to ownership (24,333 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 23,841

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 352,325 403,304
Amounts owed by group undertakings 308,585 307,855
Other debtors 79,530 66,589
740,440 777,748

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 6,222
Trade creditors 477,130 350,516
Corporation tax 93,860 87,801
Taxation and social security 57,111 89,065
Other creditors 31,951 81,380
Directors' loan accounts 296,071 420,000
Accrued expenses 8,675 16,615
974,798 1,061,599

ENERCO DOORS & LOADING BAY SOLUTIONS
LIMITED (REGISTERED NUMBER: 04089692)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 10,000 10,000
Bank loans - 2-5 years 8,270 18,079
18,270 28,079

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 6,222

Hire purchase loans are secured against the assets they finance. The bounce back loan amount is guaranteed by the UK government.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 52,416 43,718

Deferred
tax
£   
Balance at 1 January 2023 43,718
Provided during year 8,698
Capital allowances
Balance at 31 December 2023 52,416

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2
2 Ordinary B £1 2 2
2 Ordinary C £1 2 2
6 6

All shares rank pari-pasu in terms of voting rights, to receive dividends and for any distribution made on a winding up.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Enerco Doors Holdings Limited.