ENCIAL GROUP LIMITED

Company Registration Number:
08430246 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 01 October 2023

End date: 30 September 2024

ENCIAL GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

ENCIAL GROUP LIMITED

Company Information

for the Period Ended 30 September 2024




Director: X Zhang
Registered office: 8
St James's Square
St James's
London
SW1Y 4JU
Company Registration Number: 08430246 (England and Wales)

ENCIAL GROUP LIMITED

Balance sheet

As at 30 September 2024


Notes

2024
£

2023
£
Fixed assets
Total fixed assets: - -
Current assets
Stocks: 243,984 243,984
Debtors: 4 194,486 194,047
Cash at bank and in hand: 4,553,208 5,012,938
Total current assets: 4,991,678 5,450,969
Creditors: amounts falling due within one year: 5 ( 7,140,280 ) ( 7,137,133 )
Net current assets (liabilities): ( 2,148,602 ) ( 1,686,164 )
Total assets less current liabilities: ( 2,148,602 ) ( 1,686,164 )
Creditors: amounts falling due after more than one year: 6 ( 2,142,937 ) ( 2,267,495 )
Total net assets (liabilities): ( 4,291,539 ) ( 3,953,659 )

The notes form part of these financial statements

ENCIAL GROUP LIMITED

Balance sheet continued

As at 30 September 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 682,335 682,335
Revaluation reserve: 7 4,492,000 4,492,000
Profit and loss account: ( 9,465,874 ) ( 9,127,994 )
Shareholders funds: ( 4,291,539 ) ( 3,953,659 )

For the year ending 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 23 June 2025
And Signed On Behalf Of The Board By:

Name: X Zhang
Status: Director

The notes form part of these financial statements

ENCIAL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is recognised at the fairvalue 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 andvolume rebates.Revenue from the sale of goods is recognised when the significant risks and
    rewards of ownership of the goods have passed to the buyer(usually on dispatch ofthe goods).The amount of revenue can be
    measured reliably, it is probable that the economic benefits associated with the transaction with flow to the entity and the costs
    incurred or to be incurred in respect of the transaction can be measured reliably. When a customer makes a payment on account in
    advance of a sale, this is recognised as a liability until the sale is recognised upon supply of the gasoline or diesel. This often occurs
    from the company's stock reserves located in Georgia

    Valuation information and policy

    Stocks represent gasoil and oil-related products held by third-party warehouses at the year end. Stocks are stated at the lower
    of cost and estimated selling price after making due allowance for obsolete and slow-moving items. Stocks are assessed for quality
    and are measured by a third-party consultant Provisions Provisions (ie liabilities of uncertain timing or amount) are recognised when
    where is an obligation at the reporting date as a result of a past event. It is probable that economic benefit will be transferred to settle
    the obligation and the amount of the obligation can be estimated reliably. Retirement benefit Payment of defined contribution
    retirement benefit schemes are charged as expenses as they fall due Foreign currency translation Transactions in currencies other than
    GBP are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and
    liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and
    losses arising on translation in the period are included in profit or loss.

ENCIAL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 3 2

ENCIAL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 3. Off balance sheet disclosure

    No

ENCIAL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Debtors


2024
£

2023
£
Trade debtors 79,213 79,213
Prepayments and accrued income 5,273 4,834
Other debtors 110,000 110,000
Total 194,486 194,047

ENCIAL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

5.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 82,815 82,798
Taxation and social security 8,141 5,011
Other creditors 7,049,324 7,049,324
Total 7,140,280 7,137,133

ENCIAL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

6.Creditors: amounts falling due after more than one year


2024
£

2023
£
Other creditors 2,142,937 2,267,495
Total 2,142,937 2,267,495

ENCIAL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

7. Revaluation reserve


2024
£
Balance at 01 October 2023 4,492,000
Surplus or deficit after revaluation 0
Balance at 30 September 2024 4,492,000