Registered number
04295423
ENI SHIPPING (UK) LIMITED
Filleted Accounts
31 December 2024
ENI SHIPPING (UK) LIMITED
Registered number: 04295423
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,942 2,589
Current assets
Debtors 4 28,409 34,797
Cash at bank and in hand 26,278 56,717
54,687 91,514
Creditors: amounts falling due within one year 5 (10,786) (5,804)
Net current assets 43,901 85,710
Total assets less current liabilities 45,843 88,299
Creditors: amounts falling due after more than one year 6 (24,812) (34,951)
Net assets 21,031 53,348
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 20,031 52,348
Shareholders' funds 21,031 53,348
The directors are 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 directors acknowledge their 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.
J H CHOI
Director
Approved by the board on 17 September 2025
ENI SHIPPING (UK) LIMITED
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 & machinery 25% reducing balance
Fixtures & fittings 25% reducing balance
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. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant & machinery Fixtures & fittings Total
£ £ £
Cost
At 1 January 2024 11,142 44,205 55,347
At 31 December 2024 11,142 44,205 55,347
Depreciation
At 1 January 2024 9,858 42,900 52,758
Charge for the year 321 326 647
At 31 December 2024 10,179 43,226 53,405
Net book value
At 31 December 2024 963 979 1,942
At 31 December 2023 1,284 1,305 2,589
4 Debtors 2024 2023
£ £
Trade debtors 26,716 33,535
Other debtors 1,693 1,262
28,409 34,797
Amounts due after more than one year included above - -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 75,434 68,992
Amounts owed to group undertakings and undertakings in which the company has a participating interest (64,783) (63,323)
Other creditors 135 135
10,786 5,804
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 14,812 24,951
Other creditors 10,000 10,000
24,812 34,951
7 Other information
ENI SHIPPING (UK) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
120 Lavender House
1 Eden Grove
Staines-Upon-Thames
Surrey
TW18 4ZW
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