Registered number
08674115
ENCOMPASS TECHNOLOGY LTD
Filleted Accounts
31 December 2024
ENCOMPASS TECHNOLOGY LTD
Report to the director on the preparation of the unaudited statutory accounts of ENCOMPASS TECHNOLOGY LTD for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ENCOMPASS TECHNOLOGY LTD for the year ended 31 December 2024 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity 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
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
1st Cloud Accountants
1st Cloud Accountants
Chartered Certified Accountants
Analysis House
117 - 119 Sea Road
Fulwell
Sunderland
SR5 1PS
22 May 2025
ENCOMPASS TECHNOLOGY LTD
Registered number: 08674115
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 297 622
Current assets
Stocks 1,654 2,550
Debtors 4 11,913 11,512
Cash at bank and in hand 29,449 29,851
43,016 43,913
Creditors: amounts falling due within one year 5 (8,877) (9,533)
Net current assets 34,139 34,380
Net assets 34,436 35,002
Capital and reserves
Called up share capital 100 100
Share premium 99,995 99,995
Profit and loss account (65,659) (65,093)
Shareholders' funds 34,436 35,002
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S Robson
Director
Approved by the board on 22 May 2025
ENCOMPASS TECHNOLOGY LTD
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% Straight line
Equipment 50% Straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 49,212 1,649 50,861
At 31 December 2024 49,212 1,649 50,861
Depreciation
At 1 January 2024 49,212 1,027 50,239
Charge for the year - 325 325
At 31 December 2024 49,212 1,352 50,564
Net book value
At 31 December 2024 - 297 297
At 31 December 2023 - 622 622
4 Debtors 2024 2023
£ £
Trade debtors 2,694 2,434
Deferred tax asset 8,826 8,693
Other debtors 393 385
11,913 11,512
5 Creditors: amounts falling due within one year 2024 2023
£ £
Directors loan account - 9,340
Trade creditors (513) -
Other creditors 9,390 193
8,877 9,533
6 Other information
ENCOMPASS TECHNOLOGY LTD is a private company limited by shares and incorporated in England. Its registered office is:
Unit 11b Hobson Industrial Estate
Burnopfield
Newcastle Upon Tyne
United Kingdom
NE16 6EA
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