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No description of principal activity
2023-02-01
Sage Accounts Production Advanced 2023 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
08830940
2023-02-01
2024-01-31
08830940
2024-01-31
08830940
2023-01-31
08830940
2022-02-01
2023-01-31
08830940
2023-01-31
08830940
2022-01-31
08830940
core:MotorVehicles
2023-02-01
2024-01-31
08830940
bus:OrdinaryShareClass1
2023-02-01
2024-01-31
08830940
bus:Director1
2023-02-01
2024-01-31
08830940
core:LandBuildings
2024-01-31
08830940
core:LandBuildings
2023-02-01
2024-01-31
08830940
core:WithinOneYear
2024-01-31
08830940
core:WithinOneYear
2023-01-31
08830940
core:ShareCapital
2024-01-31
08830940
core:ShareCapital
2023-01-31
08830940
core:RetainedEarningsAccumulatedLosses
2024-01-31
08830940
core:RetainedEarningsAccumulatedLosses
2023-01-31
08830940
bus:SmallEntities
2023-02-01
2024-01-31
08830940
bus:AuditExemptWithAccountantsReport
2023-02-01
2024-01-31
08830940
bus:SmallCompaniesRegimeForAccounts
2023-02-01
2024-01-31
08830940
bus:PrivateLimitedCompanyLtd
2023-02-01
2024-01-31
08830940
bus:FullAccounts
2023-02-01
2024-01-31
08830940
bus:OrdinaryShareClass1
2024-01-31
08830940
bus:OrdinaryShareClass1
2023-01-31
08830940
core:OfficeEquipment
2023-02-01
2024-01-31
08830940
core:OfficeEquipment
2023-01-31
08830940
core:OfficeEquipment
2024-01-31
COMPANY REGISTRATION NUMBER:
08830940
Enodo Project Services Limited |
|
Filleted Unaudited Financial Statements |
|
Enodo Project Services Limited |
|
Statement of Financial Position |
|
31 January 2024
Fixed assets
Tangible assets |
4 |
|
22,727 |
1,681 |
|
|
|
|
|
Current assets
Debtors |
5 |
21,061 |
|
41,273 |
Cash at bank and in hand |
565 |
|
28,826 |
|
------- |
|
------- |
|
21,626 |
|
70,099 |
|
|
|
|
|
Prepayments and accrued income |
25 |
|
25 |
|
|
|
|
Creditors: amounts falling due within one year |
6 |
62,528 |
|
71,092 |
|
------- |
|
------- |
Net current liabilities |
|
40,877 |
968 |
|
|
------- |
------ |
Total assets less current liabilities |
|
(
18,150) |
713 |
|
|
|
|
|
Provisions
Taxation including deferred tax |
|
240 |
319 |
|
|
------- |
---- |
Net (liabilities)/assets |
|
(
18,390) |
394 |
|
|
------- |
---- |
|
|
|
|
Capital and reserves
Called up share capital |
7 |
|
100 |
100 |
Profit and loss account |
|
(
18,490) |
294 |
|
|
------- |
---- |
Shareholder (deficit)/funds |
|
(
18,390) |
394 |
|
|
------- |
---- |
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Enodo Project Services Limited |
|
Statement of Financial Position (continued) |
|
31 January 2024
These financial statements were approved by the
board of directors
and authorised for issue on
3 October 2024
, and are signed on behalf of the board by:
Company registration number:
08830940
Enodo Project Services Limited |
|
Notes to the Financial Statements |
|
Year ended 31 January 2024
1.
General information
The company is a private company limited by shares, registered and trading in England and Wales with company number
08830940
. The address of the registered office is 19 Sunshine Close, Kenilworth, CV8 1FJ.
2.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the company and rounded to the nearest £.
Going concern
The continuation of the company's affairs is dependent on the support of the creditors. These accounts have been prepared on a going concern basis which assumed their continued support for the foreseeable future.
Judgements in applying accounting policies and key sources of estimation in uncertainty
In preparing these financial statements the directors have had to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. The estimates and associated assumptions are based on historic experience and various other factors that are believed to be reasonable under the circumstances. Actual results may differ from these estimates. For this reporting date there are no significant judgements, estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of the assets and liabilities.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Motor Vehicles |
- |
20% reducing balance |
|
Plant & Equipment |
- |
25% reducing balance |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
The company only has basic financial instruments. - Financial assets Financial assets comprise items such as cash at bank and in hand, trade and other debtors. These are initially recorded at cost on the date they originate. The company considers evidence of impairment for all individual elements comprising financial assets and any subsequent impairment is recognised in profit or loss. - Financial liabilities Financial liabilities comprise items such as corporation and other taxes, bank and bank loans, accruals and trade and other creditors. These are initially recorded at cost on the date they originate, net of transaction costs where applicable. The company considers evidence of impairment for all individual elements comprising financial liabilities and any subsequent impairment is recognised in profit or loss.
3.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2023:
2
).
4.
Tangible assets
|
Land and buildings |
Equipment |
Total |
|
£ |
£ |
£ |
Cost |
|
|
|
At 1 February 2023 |
– |
6,344 |
6,344 |
Additions |
21,466 |
– |
21,466 |
|
------- |
------ |
------- |
At 31 January 2024 |
21,466 |
6,344 |
27,810 |
|
------- |
------ |
------- |
Depreciation |
|
|
|
At 1 February 2023 |
– |
4,663 |
4,663 |
Charge for the year |
– |
420 |
420 |
|
------- |
------ |
------- |
At 31 January 2024 |
– |
5,083 |
5,083 |
|
------- |
------ |
------- |
Carrying amount |
|
|
|
At 31 January 2024 |
21,466 |
1,261 |
22,727 |
|
------- |
------ |
------- |
At 31 January 2023 |
– |
1,681 |
1,681 |
|
------- |
------ |
------- |
|
|
|
|
5.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Other debtors |
21,061 |
41,273 |
|
------- |
------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Bank loans and overdrafts |
4,508 |
10,067 |
Social security and other taxes |
53,512 |
55,812 |
Other creditors |
4,508 |
5,213 |
|
------- |
------- |
|
62,528 |
71,092 |
|
------- |
------- |
|
|
|
7.
Called up share capital
Issued, called up and fully paid
|
2024 |
2023 |
|
No. |
£ |
No. |
£ |
Ordinary shares of £ 1 each |
100 |
100 |
100 |
100 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|
8.
Director's advances, credits and guarantees
At the reporting date the directors loan was in debit by £10,617 (2023: £32,472) There is no fixed term and interest is charged at HMRC's official rate. Transactions during the year can be summarised as follows:
|
|
2024 |
|
|
£ |
|
Balance brought forward |
32,472 |
|
Net advances / repayments |
(22,124) |
|
Interest applied |
269 |
|
Balance carried forward |
10,617 |
|
|
|