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REGISTERED NUMBER: 09338846 (England and Wales)















Report of the Directors and

Consolidated Financial Statements for the Year Ended 31 December 2024

for

ENCEDO LIMITED

ENCEDO LIMITED (Registered number: 09338846)






Contents of the Consolidated Financial Statements
for the Year Ended 31 December 2024




Page

Report of the Directors 1

Consolidated Income Statement 2

Consolidated Balance Sheet 3

Company Balance Sheet 4

Notes to the Consolidated Financial Statements 5


ENCEDO LIMITED (Registered number: 09338846)

Report of the Directors
for the Year Ended 31 December 2024

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of development of cryptographic device and software.

DIRECTORS
Mr K G Rutecki has held office during the whole of the period from 1 January 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr K G Rutecki - Director


20 May 2025

ENCEDO LIMITED (Registered number: 09338846)

Consolidated Income Statement
for the Year Ended 31 December 2024

31.12.24 31.12.23
£    £   

TURNOVER 11,124 6,600

Cost of sales 8,168 6,200
GROSS PROFIT 2,956 400

Administrative expenses 6,914 5,932
(3,958 ) (5,532 )

Other operating income 1 -
OPERATING LOSS (3,957 ) (5,532 )

Other finance income - 1,501
LOSS BEFORE TAXATION (3,957 ) (4,031 )

Tax on loss - -
LOSS FOR THE FINANCIAL YEAR (3,957 ) (4,031 )

Loss attributable to:
Owners of the parent (3,957 ) (4,031 )

ENCEDO LIMITED (Registered number: 09338846)

Consolidated Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
CURRENT ASSETS
Debtors 5 21,460 19,013
Cash at bank and in hand 785 895
22,245 19,908
CREDITORS
Amounts falling due within one year 6 44,256 37,420
NET CURRENT LIABILITIES (22,011 ) (17,512 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(22,011

)

(17,512

)

CAPITAL AND RESERVES
Called up share capital 106 106
Revaluation reserve 7 (542 ) -
Retained earnings (21,575 ) (17,618 )
SHAREHOLDERS' FUNDS (22,011 ) (17,512 )

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the group keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company and the group as at the end of each financial year and of the group's profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company and the group.

The financial statements have been prepared 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 20 May 2025 and were signed on its behalf by:





Mr K G Rutecki - Director


ENCEDO LIMITED (Registered number: 09338846)

Company Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
CURRENT ASSETS
Debtors 5 521 521
Cash at bank and in hand 568 843
1,089 1,364
CREDITORS
Amounts falling due within one year 6 41,325 35,476
NET CURRENT LIABILITIES (40,236 ) (34,112 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(40,236

)

(34,112

)

CAPITAL AND RESERVES
Called up share capital 106 106
Retained earnings (40,342 ) (34,218 )
SHAREHOLDERS' FUNDS (40,236 ) (34,112 )

Company's loss for the financial year (6,124 ) (5,876 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared 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 20 May 2025 and were signed on its behalf by:




Mr K G Rutecki - Director


ENCEDO LIMITED (Registered number: 09338846)

Notes to the Consolidated Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

ENCEDO LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09338846

Registered office: 86-90 Paul Street
London
EC2A 4NE

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Income Statement, 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 the balance 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 that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

The average number of employees by undertakings that were proportionately consolidated during the year was NIL (2023 - NIL).

ENCEDO LIMITED (Registered number: 09338846)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2024

4. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.12.24 31.12.23 31.12.24 31.12.23
£    £    £    £   
Trade debtors 872 - - -
Amounts owed by group undertakings 17,421 12,081 200 200
Other debtors 3,167 6,932 321 321
21,460 19,013 521 521

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.12.24 31.12.23 31.12.24 31.12.23
£    £    £    £   
Trade creditors - 1 - -
Amounts owed to group undertakings 17,339 11,490 17,339 11,490
Other creditors 26,917 25,929 23,986 23,986
44,256 37,420 41,325 35,476

7. RESERVES

Group
Revaluation
reserve
£   
Revaluation of exchange differ ences (542 )

At 31 December 2024 (542 )