Company registration number 07744966 (England and Wales)
ENHANCED AUTOMOTIVE SYSTEMS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
ENHANCED AUTOMOTIVE SYSTEMS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
ENHANCED AUTOMOTIVE SYSTEMS LTD (REGISTERED NUMBER: 07744966)
BALANCE SHEET
AS AT 31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
873
977
Investments
4
-
0
150,000
873
150,977
Current assets
Debtors
5
137,878
3,126
Cash at bank and in hand
13,599
32,017
151,477
35,143
Creditors: amounts falling due within one year
6
(1,831)
(1,746)
Net current assets
149,646
33,397
Total assets less current liabilities
150,519
184,374
Provisions for liabilities
(166)
(643)
Net assets
150,353
183,731
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
150,253
183,631
Total equity
150,353
183,731

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

ENHANCED AUTOMOTIVE SYSTEMS LTD (REGISTERED NUMBER: 07744966)
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024
31 August 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 23 January 2025
E C Penfold
Director
ENHANCED AUTOMOTIVE SYSTEMS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
1
Accounting policies
Company information

Enhanced Automotive Systems Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Fairview House, Maltmans Hill, Smarden, Ashford, TN27 8RF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of consideration received or receivable for the goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. The following criteria also must be met before turnover is recognised.

 

Turnover for the sale of goods is recognised when all of the following conditions are met:

- The company has transferred the significant risks and rewards of ownership to the buyer;

- The amount of turnover can be recognised reliably and;

- It is probable that the company will receive the consideration due under the transaction.

 

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- The amount of turnover can be measure reliably.

- It is probable that the company will receive the consideration under the contract.

- The stage of completion of the contract at the end of the reporting period can be measure reliably; and

- The costs incurred and the costs to complete the contract can be measure reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

ENHANCED AUTOMOTIVE SYSTEMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
- 33% on cost
Computer equipment
- 25% on reducing balance
Motor vehicles
- 20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Investments in non-current financial assets are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
ENHANCED AUTOMOTIVE SYSTEMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 5 -
3
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 September 2023
5,101
6,077
34,137
45,315
Additions
-
0
183
-
0
183
At 31 August 2024
5,101
6,260
34,137
45,498
Depreciation and impairment
At 1 September 2023
4,934
5,267
34,137
44,338
Depreciation charged in the year
73
214
-
0
287
At 31 August 2024
5,007
5,481
34,137
44,625
Carrying amount
At 31 August 2024
94
779
-
0
873
At 31 August 2023
167
810
-
0
977
4
Fixed asset investments
2024
2023
£
£
Other investments other than loans
-
0
150,000
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 September 2023
150,000
Disposals
(150,000)
At 31 August 2024
-
Carrying amount
At 31 August 2024
-
At 31 August 2023
150,000
ENHANCED AUTOMOTIVE SYSTEMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 6 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
137,878
3,126

Included in other debtors is a directors' loan account of £134,600. This was repaid by the director within 9 months of the year-end.

6
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
1,831
1,746
7
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary of £1 each
100
100
100
100
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