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REGISTERED NUMBER: 00584079 (England and Wales)








THE MIKE ENDERBY TEXTILE COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






THE MIKE ENDERBY TEXTILE COMPANY LIMITED (REGISTERED NUMBER: 00584079)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

THE MIKE ENDERBY TEXTILE COMPANY LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTOR: Mrs S E A Enderby





REGISTERED OFFICE: Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR





REGISTERED NUMBER: 00584079 (England and Wales)





ACCOUNTANTS: Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR

THE MIKE ENDERBY TEXTILE COMPANY LIMITED (REGISTERED NUMBER: 00584079)

BALANCE SHEET
31 March 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 5 1,293 -

CURRENT ASSETS
Cash at bank 639 1,360

CREDITORS
Amounts falling due within one year 6 (201,954 ) (197,599 )
NET CURRENT LIABILITIES (201,315 ) (196,239 )
TOTAL ASSETS LESS CURRENT LIABILITIES (200,022 ) (196,239 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (200,122 ) (196,339 )
SHAREHOLDERS' FUNDS (200,022 ) (196,239 )

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 her 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





Mrs S E A Enderby - Director


THE MIKE ENDERBY TEXTILE COMPANY LIMITED (REGISTERED NUMBER: 00584079)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

The Mike Enderby Textile Company 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. The director and shareholder has confirmed she will continue to support the company for the foreseeable future, if and when the need arises.

Tangible fixed assets
Tangible assets are stated at cost less accumulated depreciation. Cost includes the original purchase price and costs directly attributable to bring the asset to its working condition for its intended use.

Depreciation is provided at the following annual rates in order to write off cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc. - 33% on cost

On disposal, the difference between net proceeds and the carrying amount of item sold is recognised in the profit and loss accounts and is included in administrative expenses.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

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

Current 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 the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

THE MIKE ENDERBY TEXTILE COMPANY LIMITED (REGISTERED NUMBER: 00584079)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified by the directors as basic or non-basic, following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest rate method. The company has no non-basic financial instruments.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
Additions 1,791
At 31 March 2024 1,791
DEPRECIATION
Charge for year 498
At 31 March 2024 498
NET BOOK VALUE
At 31 March 2024 1,293

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other creditors 201,954 197,599

Included in other creditors is an amount due to the director amounting to £199,746 (2023: £195,781). No interest is charged on the loan and there are no specific repayment terms.

7. DEFERRED TAXATION

No deferred tax asset has been recognised in these Accounts in relation to tax losses carried forward. This is on the basis that there is insufficient evidence of when the asset will be recoverable, which depends upon the company's future taxable profits. At 31 March 2024 there was a potential deferred tax asset amounting to approximately £37,000 (2023: £35,000).

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
THE MIKE ENDERBY TEXTILE COMPANY LIMITED (REGISTERED NUMBER: 00584079)


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Mike Enderby Textile Company Limited for the year ended 31 March 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of The Mike Enderby Textile Company Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Mike Enderby Textile Company Limited and state those matters that we have agreed to state to the director of The Mike Enderby Textile Company Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Mike Enderby Textile Company Limited and its director for our work or for this report.

It is your duty to ensure that The Mike Enderby Textile Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Mike Enderby Textile Company Limited. You consider that The Mike Enderby Textile Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Mike Enderby Textile Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Directors, who obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.






Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR


26 November 2024