0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-06-01 Sage Accounts Production Advanced 2024 - FRS102_2024 4,600 2,312 574 2,886 1,714 2,288 xbrli:pure xbrli:shares iso4217:GBP 12612317 2023-06-01 2024-05-31 12612317 2024-05-31 12612317 2023-05-31 12612317 2022-06-01 2023-05-31 12612317 2023-05-31 12612317 2022-05-31 12612317 bus:Director1 2023-06-01 2024-05-31 12612317 core:WithinOneYear 2024-05-31 12612317 core:WithinOneYear 2023-05-31 12612317 core:ShareCapital 2024-05-31 12612317 core:ShareCapital 2023-05-31 12612317 core:RetainedEarningsAccumulatedLosses 2024-05-31 12612317 core:RetainedEarningsAccumulatedLosses 2023-05-31 12612317 bus:SmallEntities 2023-06-01 2024-05-31 12612317 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 12612317 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12612317 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12612317 bus:FullAccounts 2023-06-01 2024-05-31 12612317 core:ComputerEquipment 2023-06-01 2024-05-31 12612317 core:ComputerEquipment 2024-05-31 12612317 core:ComputerEquipment 2023-05-31
COMPANY REGISTRATION NUMBER: 12612317
Engineered Limited
Filleted Unaudited Financial Statements
31 May 2024
Engineered Limited
Financial Statements
Year ended 31 May 2024
Contents
Page
Balance sheet
1
Notes to the financial statements
2
Engineered Limited
Balance Sheet
31 May 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
1,714
2,288
Current assets
Cash at bank and in hand
1,344
1,257
Creditors: amounts falling due within one year
5
2,260
1,789
-------
-------
Net current liabilities
916
532
-------
-------
Total assets less current liabilities
798
1,756
Provisions
Taxation including deferred tax
338
435
----
-------
Net assets
460
1,321
----
-------
Capital and reserves
Called up share capital
2
2
Profit and loss account
458
1,319
----
-------
Shareholders funds
460
1,321
----
-------
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 profit and loss account has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 6 January 2025 , and are signed on behalf of the board by:
Mr D Etherington-Smith
Director
Company registration number: 12612317
Engineered Limited
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
Equipment
-
25% reducing balance
4. Tangible assets
Equipment
£
Cost
At 1 June 2023 and 31 May 2024
4,600
-------
Depreciation
At 1 June 2023
2,312
Charge for the year
574
-------
At 31 May 2024
2,886
-------
Carrying amount
At 31 May 2024
1,714
-------
At 31 May 2023
2,288
-------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
51
396
Other creditors
2,209
1,393
-------
-------
2,260
1,789
-------
-------
6. Directors' advances, credits and guarantees
During the year, the directors had interest free, repayable on demand loans with the company. At the start of the year they were owed £193 and at the end of the year they were owed £949.