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Company No: 14490357 (England and Wales)

ENGLEBERT LTD

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

ENGLEBERT LTD

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

ENGLEBERT LTD

COMPANY INFORMATION

For the financial year ended 30 November 2024
ENGLEBERT LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2024
DIRECTORS Wayne Daniel Green
Gareth Malna
Giles Stephen Swan (Appointed 01 April 2024)
REGISTERED OFFICE 7 Gay Street
Bath
BA1 2PH
United Kingdom
COMPANY NUMBER 14490357 (England and Wales)
ACCOUNTANT Barlow Andrews LLP
Carlyle House
78 Chorley New Road
Bolton
ENGLEBERT LTD

BALANCE SHEET

As at 30 November 2024
ENGLEBERT LTD

BALANCE SHEET (continued)

As at 30 November 2024
Note 30.11.2024 30.11.2023
£ £
Fixed assets
Intangible assets 3 4,121 6,593
Tangible assets 4 7,425 0
11,546 6,593
Current assets
Debtors 5 142,839 47,496
Cash at bank and in hand 265,068 59,014
407,907 106,510
Creditors: amounts falling due within one year 6 ( 223,270) ( 99,337)
Net current assets 184,637 7,173
Total assets less current liabilities 196,183 13,766
Provision for liabilities 7 ( 1,030) ( 1,648)
Net assets 195,153 12,118
Capital and reserves
Called-up share capital 88,000 100
Profit and loss account 107,153 12,018
Total shareholders' funds 195,153 12,118

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Englebert Ltd (registered number: 14490357) were approved and authorised for issue by the Board of Directors on 10 February 2025. They were signed on its behalf by:

Wayne Daniel Green
Director
ENGLEBERT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
ENGLEBERT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Englebert Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 7 Gay Street, Bath, BA1 2PH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for 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.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 3 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment 3 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

Year ended
30.11.2024
Period from
17.11.2022 to
30.11.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 6 2

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 December 2023 7,417 7,417
At 30 November 2024 7,417 7,417
Accumulated amortisation
At 01 December 2023 824 824
Charge for the financial year 2,472 2,472
At 30 November 2024 3,296 3,296
Net book value
At 30 November 2024 4,121 4,121
At 30 November 2023 6,593 6,593

4. Tangible assets

Office equipment Computer equipment Total
£ £ £
Cost
At 01 December 2023 0 0 0
Additions 5,109 3,042 8,151
At 30 November 2024 5,109 3,042 8,151
Accumulated depreciation
At 01 December 2023 0 0 0
Charge for the financial year 286 440 726
At 30 November 2024 286 440 726
Net book value
At 30 November 2024 4,823 2,602 7,425
At 30 November 2023 0 0 0

5. Debtors

30.11.2024 30.11.2023
£ £
Trade debtors 103,932 18,750
Other debtors 38,907 28,746
142,839 47,496

6. Creditors: amounts falling due within one year

30.11.2024 30.11.2023
£ £
Trade creditors 22,743 80,801
Taxation and social security 123,920 9,417
Other creditors 76,607 9,119
223,270 99,337

7. Provision for liabilities

30.11.2024 30.11.2023
£ £
Deferred tax 1,030 1,648

8. Financial commitments

Commitments

30.11.2024 30.11.2023
£ £
Total future minimum lease payments under non-cancellable operating lease 35,772 0