Company registration number 12397263 (England and Wales)
ENAL HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
ENAL HOLDINGS LIMITED
CONTENTS
Page
Accountants' report
1
Statement of financial position
2 - 3
Notes to the financial statements
4 - 7
ENAL HOLDINGS LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF ENAL HOLDINGS LIMITED
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ENAL Holdings Limited for the Period ended 30 June 2024 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.
This report is made solely to the board of directors of ENAL Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 16 October 2023. Our work has been undertaken solely to prepare for your approval the financial statements of ENAL Holdings Limited and state those matters that we have agreed to state to the board of directors of ENAL Holdings Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ENAL Holdings Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that ENAL Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ENAL Holdings Limited. You consider that ENAL Holdings Limited is exempt from the statutory audit requirement for the Period.
We have not been instructed to carry out an audit or a review of the financial statements of ENAL Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Jerroms GCN Limited
Chartered Certified Accountants
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
23 January 2025
ENAL HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024
30 June 2024
- 2 -
30 June 2024
31 January 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
548,471
557,559
Current assets
Debtors
4
130,597
64,764
Cash at bank and in hand
3,361
4,265
133,958
69,029
Creditors: amounts falling due within one year
5
(540,387)
(626,631)
Net current liabilities
(406,429)
(557,602)
Net assets/(liabilities)
142,042
(43)
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
142,041
(44)
Total equity
142,042
(43)
The notes on pages 4 to 7 form part of these financial statements.
ENAL HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024
30 June 2024
- 3 -
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial Period ended 30 June 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 member has not required the company to obtain an audit of its financial statements for the Period 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 and signed by the director and authorised for issue on 23 January 2025
R Lane
Director
Company registration number 12397263 (England and Wales)
ENAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
- 4 -
1
Accounting policies
Company information
ENAL Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 221 Hagley Road, Hayley Green, Halesowen, West Midlands, B63 1ED.
1.1
Reporting period
The accounting period has been extended to 30th June 2024, therefore the previous year is not entirely comparable.
1.2
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 £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.4
Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by the management.
The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.
Depreciation is charged so as to allocate the cost of the assets less their residual value over their estimated useful lives, on a straight line basis.
Depreciation is provided on the following basis:
Freehold Property - 0% Straight line
Plant and equipment - 10% Straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.
ENAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 5 -
1.5
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the 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
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 statement of financial position date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the Period was:
2024
2023
Number
Number
Total
1
1
ENAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
- 6 -
3
Tangible fixed assets
Freehold property
Plant and equipment
Total
£
£
£
Cost
At 1 February 2023
456,139
107,280
563,419
Additions
7,119
7,119
At 30 June 2024
456,139
114,399
570,538
Depreciation and impairment
At 1 February 2023
5,860
5,860
Depreciation charged in the Period
16,207
16,207
At 30 June 2024
22,067
22,067
Carrying amount
At 30 June 2024
456,139
92,332
548,471
At 31 January 2023
456,139
101,420
557,559
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
18,670
58,643
Amounts owed by undertakings in which the company has a participating interest
99,683
1,350
Other debtors
2,341
Prepayments and accrued income
12,244
2,430
130,597
64,764
Amounts owed by participating interests do not bear interest, are unsecured and are repayable on demand.
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
62,051
22,897
Amounts owed to undertakings in which the company has a participating interest
458,730
599,893
Accruals and deferred income
19,606
3,841
540,387
626,631
Amounts owed to group undertakings, participating interests and associates do not bear interest, are unsecured and are repayable on demand.
ENAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
- 7 -
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1
1
1
1