Company Registration No. 06825246 (England and Wales)
EFFINGHAM ENTERPRISES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
EFFINGHAM ENTERPRISES LIMITED
COMPANY INFORMATION
Directors
P J Thomas
F Thomas
Company number
06825246
Registered office
30 Common Road
Claygate
Esher
Surrey
KT10 0HJ
Accountants
TWP Accounting LLP
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
EFFINGHAM ENTERPRISES LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 4
EFFINGHAM ENTERPRISES LIMITED
Company Registration No. 06825246
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
633
633
Current assets
Cash at bank and in hand
58
62
Creditors: amounts falling due within one year
4
(5,444)
(5,044)
Net current liabilities
(5,386)
(4,982)
Net liabilities
(4,753)
(4,349)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(4,755)
(4,351)
Total equity
(4,753)
(4,349)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their 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.
The financial statements were approved by the board of directors and authorised for issue on 7 December 2024 and are signed on its behalf by:
P J Thomas
Director
EFFINGHAM ENTERPRISES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 April 2022
2
(3,963)
(3,961)
Year ended 31 March 2023:
Loss and total comprehensive income for the year
-
(388)
(388)
Balance at 31 March 2023
2
(4,351)
(4,349)
Year ended 31 March 2024:
Loss and total comprehensive income for the year
-
(404)
(404)
Balance at 31 March 2024
2
(4,755)
(4,753)
EFFINGHAM ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information
Effingham Enterprises Limited is a private company limited by shares incorporated in England and Wales. The registered office is 30 Common Road, Claygate, Esher, Surrey, KT10 0HJ.
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.
1.2
Going concern
The company made a loss during the year of £404 and the balance sheet results in net current liabilities of £4,753. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
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.
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:
Computers
33% 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.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 thebalance 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 thatthey will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
EFFINGHAM ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 and 31 March 2024
3,030
Depreciation and impairment
At 1 April 2023 and 31 March 2024
2,397
Carrying amount
At 31 March 2024
633
At 31 March 2023
633
4
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
5,444
5,044
5,444
5,044
5
Directors' transactions
At the year ended 31 March 2024, the company owed £4,944 (2023 - £4,544) to the directors.