E & I Enterprises Limited Filleted Accounts Cover
E & I Enterprises Limited
Company No. 04275766
Information for Filing with The Registrar
31 August 2023
E & I Enterprises Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 August 2023.
Principal activities
The principal activity of the company during the year under review was sale of English language books and pottery..
Directors
The Directors who served at any time during the year were as follows:
Lisa R Brown
Richard Brown
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
Lisa R Brown
Director
21 November 2024
E & I Enterprises Limited Balance Sheet Registrar
at
31 August 2023
Company No.
04275766
Notes
2023
2022
£
£
Fixed assets
Intangible assets
4
64,12364,123
Tangible assets
5
168,265106,965
Investments
6
10,00010,000
242,388181,088
Current assets
Stocks
7
5,0005,000
Debtors
8
301,156283,131
Cash at bank and in hand
-8,266
306,156296,397
Creditors: Amount falling due within one year
9
(536,726)
(472,179)
Net current liabilities
(230,570)
(175,782)
Total assets less current liabilities
11,8185,306
Net assets
11,8185,306
Capital and reserves
Called up share capital
100100
Profit and loss account
11
11,7185,206
Total equity
11,8185,306
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 21 November 2024 and signed on its behalf by:
Lisa R Brown
Director
21 November 2024
E & I Enterprises Limited Notes to the Accounts Registrar
for the year ended 31 August 2023
1
General information
E & I Enterprises Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 04275766
Its registered office is:
Its trading address is:
C17 Kestrel Business Centre
Staro Sajmiste
Colwick Industrial Estate
29 Novi Beograd 11070
Nottingham
NG4 2JR
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Going concern
The financial statements have been prepared on the going concern basis. The directors are not aware of any material threats to the ability of the company to continue to trade for the foreseeable future.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Freehold buildings
2% Straight line
Motor vehicles
25% Reducing balance
Furniture, fittings and equipment
25% Straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Financial instruments
Financial assets
Basic financial assets, including trade and other receivables and cash and bank balances, are recognised and carried forward at transaction price. Financial assets are derecognised when:
(a) The contractual rights to the cash flows from the asset expire or are settled;
(b) Substantially all the risks and rewards of the ownership of the asset are transferred to another party; or
(c) Control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities
Basic financial liabilities, including trade and other payables, and loans from third parties are initially recognised and carried forward at transaction price.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
The company has only financial assets and financial liabilities of a kind that qualify as a basic financial instruments. Basic financial instruments are recognised initially at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest rate method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Intangible fixed assets
Other
Total
£
£
Cost
At 1 September 2022
64,12364,123
At 31 August 2023
64,12364,123
Amortisation and impairment
Net book values
At 31 August 2023
64,12364,123
At 31 August 2022
64,12364,123
5
Tangible fixed assets
Land and buildings
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
£
Cost or revaluation
At 1 September 2022
116,3645,99012,237134,591
Additions
64,948-64165,589
At 31 August 2023
181,3125,99012,878200,180
Depreciation
At 1 September 2022
15,30874811,57027,626
Charge for the year
2,3271,3106524,289
At 31 August 2023
17,6352,05812,22231,915
Net book values
At 31 August 2023
163,6773,932656168,265
At 31 August 2022
101,056
5,242
667
106,965
6
Investments
Investment in Subsidiaries
Total
£
£
Cost or valuation
At 1 September 2022
10,000
10,000
At 31 August 2023
10,000
10,000
Provisions/Impairment
Net book values
At 31 August 2023
10,000
10,000
At 31 August 2022
10,000
10,000
7
Stocks
2023
2022
£
£
Finished goods
5,0005,000
5,0005,000
8
Debtors
2023
2022
£
£
Trade debtors
70,33552,755
VAT recoverable
878674
Loans to directors
156,74798,860
Other debtors
73,196130,842
301,156283,131
9
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
39,328-
Trade creditors
414,064447,507
Amounts owed to group undertakings
3,510
3,510
Taxes and social security
9,307
8,945
Loans from directors
18,9648,205
Other creditors
46,774-
Accruals and deferred income
4,7794,012
536,726472,179
10
Share Capital
Share capital consists of 100 Ordinary Shares of £1 each, which are fully paid.
11
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
12
Related party transactions
During the year, the following loans to a director subsisted
The details are as follows:
2023
2022
Balance at 1 September 2022
98,860
161,863
Amounts advanced
69,987
81,067
Amounts repaid
(101,678)
(144,070)
Balance at 31 August 2023
67,169
98,860
The balance is unsecured, free of interest and is repayable upon demand.
13
Dividends
2023
2022
£
£
Dividends for the period:
Dividends paid in the period
12,000
140,000
12,000
140,000
Dividends by type:
Equity dividends
12,000140,000
12,000
140,000
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