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REGISTERED NUMBER: 03170987 (England and Wales)















ENTEC SI LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2024






ENTEC SI LIMITED (REGISTERED NUMBER: 03170987)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ENTEC SI LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Dr E Al-Hillawi
P D Marsden
Mrs S L Towers





REGISTERED OFFICE: Alpha Works
Alpha Tower
Suffolk Street Queensway
Birmingham
West Midlands
B1 1TT





REGISTERED NUMBER: 03170987 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

ENTEC SI LIMITED (REGISTERED NUMBER: 03170987)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 28,648 37,582
Tangible assets 5 7,567 9,619
Investment property 6 - 267,241
36,215 314,442

CURRENT ASSETS
Debtors 7 520,425 271,244
Cash at bank 384,555 66,868
904,980 338,112
CREDITORS
Amounts falling due within one year 8 400,466 177,567
NET CURRENT ASSETS 504,514 160,545
TOTAL ASSETS LESS CURRENT
LIABILITIES

540,729

474,987

PROVISIONS FOR LIABILITIES 1,862 1,800
NET ASSETS 538,867 473,187

CAPITAL AND RESERVES
Called up share capital 67 67
Revaluation reserve 10 - (48,748 )
Capital redemption reserve 33 33
Retained earnings 538,767 521,835
SHAREHOLDERS' FUNDS 538,867 473,187

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 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.

ENTEC SI LIMITED (REGISTERED NUMBER: 03170987)

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 Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:




P D Marsden - Director



Dr E Al-Hillawi - Director


ENTEC SI LIMITED (REGISTERED NUMBER: 03170987)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Entec Si 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

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 - 33% 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 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.

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.

ENTEC SI LIMITED (REGISTERED NUMBER: 03170987)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 16 (2023 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 April 2023
and 31 March 2024 68,994
AMORTISATION
At 1 April 2023 31,412
Amortisation for year 8,934
At 31 March 2024 40,346
NET BOOK VALUE
At 31 March 2024 28,648
At 31 March 2023 37,582

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023 71,488
Additions 3,499
Disposals (857 )
At 31 March 2024 74,130
DEPRECIATION
At 1 April 2023 61,869
Charge for year 5,307
Eliminated on disposal (613 )
At 31 March 2024 66,563
NET BOOK VALUE
At 31 March 2024 7,567
At 31 March 2023 9,619

ENTEC SI LIMITED (REGISTERED NUMBER: 03170987)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 267,241
Disposals (267,241 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 267,241

If investment property had not been revalued it would have been included at the historic valuation of cost £315,989.

The investment property was revalued on an open market basis on 31st March 2019 by the directors.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 496,928 249,723
Amounts owed by group undertakings 30 30
Other debtors 23,467 21,491
520,425 271,244

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 156,875 48,841
Taxation and social security 177,266 107,269
Other creditors 66,325 21,457
400,466 177,567

9. SECURED DEBTS

The bank overdraft is secured by a debenture over the assets of the business.

10. RESERVES
Revaluation
reserve
£   
At 1 April 2023 (48,748 )
Revaluation in year 48,748

At 31 March 2024 -