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Registration number: 09144078

Enssen (London) Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 31 December 2024

Enssen (London) Ltd

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 9

Enssen (London) Ltd

(Registration number: 09144078)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Intangible assets | 4 | 11,719 | 12,150
Tangible assets | 5 | 34,425 | 46,651
Investments | 6 | 6,333 | 6,333
|  | 52,477 | 65,134
Current assets |  |  |
Debtors | 7 | 326,227 | 78,354
Cash at bank and in hand |  | 733,796 | 712,409
|  | 1,060,023 | 790,763
Creditors: Amounts falling due within one year | 8 | (489,801) | (188,278)
Net current assets |  | 570,222 | 602,485
Total assets less current liabilities |  | 622,699 | 667,619
Provisions for liabilities |  | (10,945) | (13,938)
Net assets |  | 611,754 | 653,681
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 611,654 | 653,581
Shareholders' funds |  | 611,754 | 653,681

Enssen (London) Ltd

(Registration number: 09144078)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 September 2025 and signed on its behalf by:

P Heading Director |  |

Enssen (London) Ltd

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

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/o Milsted Langdon
Freshford House
Redcliffe Way
Bristol
BS1 6NL

These financial statements were authorised for issue by the Board on 2 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Enssen (London) Ltd

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture, fittings and equipment | 25% Straight line
Other tangible assets | 25% Straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Other intangible assets | 33% Straight line
Trademarks, patents and licenses | 10% Straight line

Enssen (London) Ltd

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

Investments

Investments are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Enssen (London) Ltd

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 3 (2023 - 3).

4 | Intangible assets

| Trademarks, patents and licenses £ | Other intangible assets £ | Total £
Cost or valuation
At 1 January 2024 | 2,085 | 56,862 | 58,947
Additions acquired separately | 200 | 6,208 | 6,408
At 31 December 2024 | 2,285 | 63,070 | 65,355
Amortisation
At 1 January 2024 | - | 46,797 | 46,797
Amortisation charge | 229 | 6,610 | 6,839
At 31 December 2024 | 229 | 53,407 | 53,636
Carrying amount
At 31 December 2024 | 2,056 | 9,663 | 11,719
At 31 December 2023 | 2,085 | 10,065 | 12,150

Enssen (London) Ltd

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

5 | Tangible assets

| Furniture, fittings and equipment £ | Other tangible assets £ | Office equipment £ | Total £
Cost or valuation
At 1 January 2024 | 11,535 | 9,128 | 66,382 | 87,045
Additions | - | - | 9,065 | 9,065
Disposals | - | - | (1,802) | (1,802)
At 31 December 2024 | 11,535 | 9,128 | 73,645 | 94,308
Depreciation
At 1 January 2024 | 10,636 | 5,226 | 24,532 | 40,394
Charge for the year | 450 | 1,295 | 17,760 | 19,505
Eliminated on disposal | - | - | (16) | (16)
At 31 December 2024 | 11,086 | 6,521 | 42,276 | 59,883
Carrying amount
At 31 December 2024 | 449 | 2,607 | 31,369 | 34,425
At 31 December 2023 | 899 | 3,902 | 41,850 | 46,651

6 | Investments

| 2024 £ | 2023 £
Investments | 6,333 | 6,333

Enssen (London) Ltd

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

7 | Debtors

| Note | 2024 £ | 2023 £
Trade debtors |  | 29,512 | 54,409
Amounts owed by related parties | 10 | 281,267 | 22,932
Other debtors |  | 6,855 | -
Prepayments |  | 8,593 | 1,013
|  | 326,227 | 78,354

8 | Creditors

Due within one year | Note | 2024 £ | 2023 £
Loans and borrowings | 9 | 149 | -
Trade creditors |  | 1,563 | 2,997
Amounts due to related parties | 10 | 292,902 | 10,859
Social security and other taxes |  | 177,783 | 160,940
Other creditors |  | 14,324 | 10,732
Accruals |  | 3,080 | 2,750
|  | 489,801 | 188,278

9 | Loans and borrowings

Current loans and borrowings

| 2024 £ | 2023 £
Bank overdrafts | 149 | -

10 | Related party transactions

Transactions with directors

2024 | At 1 January 2024 £ | Advances to director £ | Repayments by director £ | At 31 December 2024 £
P Heading
Loans made to directors | 22,932 | 290,125 | (31,790) | 281,267

Enssen (London) Ltd

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

2023 | At 1 January 2023 £ | Advances to director £ | Repayments by director £ | At 31 December 2023 £
P Heading
Loans made to directors | 1,767 | 43,681 | (22,516) | 22,932

Loans made to directors attract interest at the HMRC approved rate, currently at 2.25%.

Summary of transactions with parent

The company has taken advantage of the exemption available in FRS 102 whereby it has not disclosed transactions or balances with its parent company where it is a wholly owned subsidiary.