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Registration number: 09506288

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

Enssen (Europe) Ltd

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 7

Enssen (Europe) Ltd

(Registration number: 09506288)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Intangible assets | 4 | 15,717 | 30,066
Tangible assets | 5 | 50,073 | 50,073
Investments | 6 | 100 | 100
|  | 65,890 | 80,239
Current assets |  |  |
Debtors | 7 | 296,013 | 13,970
Cash at bank and in hand |  | 453,451 | 405,580
|  | 749,464 | 419,550
Creditors: Amounts falling due within one year | 8 | (2,385) | (2,504)
Net current assets |  | 747,079 | 417,046
Net assets |  | 812,969 | 497,285
Capital and reserves |  |  |
Called up share capital |  | 200 | 200
Retained earnings |  | 812,769 | 497,085
Shareholders' funds |  | 812,969 | 497,285

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 12 September 2025 and signed on its behalf by:

P Heading Director |  |

Enssen (Europe) 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 12 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 £.
The company is exempt from the requirement to produce consolidated group accounts on the basis that it qualifies as a group that is small.

Going concern

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

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.

Enssen (Europe) Ltd

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

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
Land | Nil
Plant and machinery | 25% straight line basis
Furniture, fittings and equipment | 25% straight line basis

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
Patents | 25% straight line basis

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably 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.

Enssen (Europe) Ltd

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

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.

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 2 (2023 - 2).

Enssen (Europe) Ltd

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

4 | Intangible assets

| Patents £ | Total £
Cost or valuation
At 1 January 2024 | 110,987 | 110,987
At 31 December 2024 | 110,987 | 110,987
Amortisation
At 1 January 2024 | 80,921 | 80,921
Amortisation charge | 14,349 | 14,349
At 31 December 2024 | 95,270 | 95,270
Carrying amount
At 31 December 2024 | 15,717 | 15,717
At 31 December 2023 | 30,066 | 30,066

5 | Tangible assets

| Land £ | Furniture, fittings and equipment £ | Plant and machinery £ | Total £
Cost or valuation
At 1 January 2024 | 50,073 | 485 | 334 | 50,892
At 31 December 2024 | 50,073 | 485 | 334 | 50,892
Depreciation
At 1 January 2024 | - | 485 | 334 | 819
At 31 December 2024 | - | 485 | 334 | 819
Carrying amount
At 31 December 2024 | 50,073 | - | - | 50,073
At 31 December 2023 | 50,073 | - | - | 50,073

Included within the net book value of land and buildings above is £50,073 (2023 - £50,073) in respect of freehold land and buildings.

6 | Investments

| 2024 £ | 2023 £
Investments in subsidiaries | 100 | 100

Enssen (Europe) Ltd

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

7 | Debtors

| Note | 2024 £ | 2023 £
Amounts owed by related parties | 9 | 292,901 | 10,858
Other debtors |  | 3,112 | 3,112
|  | 296,013 | 13,970

8 | Creditors

Due within one year | 2024 £ | 2023 £
Accruals | 2,385 | 2,504

Enssen (Europe) Ltd

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

9 | Related party transactions

Transactions with directors

2023 | At 1 January 2023 £ | Advances to director £ | Repayments by director £ | At 31 December 2023 £
P Heading
Loans made to/(from) directors | 9,653 | 200,000 | (209,653) | -
| 9,653 | 200,000 | (209,653) | -

Loans made to and from directors are interest free and repayable on demand.

Summary of transactions with subsidiaries

The company has taken advantage of the exemption available in FRS 102 whereby it has not disclosed transactions or balances with any wholly owned subsidiary undertaking of the group.