REGISTERED NUMBER: 04418166 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

ENJOY-SALES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A P Marks

Mrs S Murray-Weaver

REGISTERED OFFICE:

Newport House

Newport Road

Stafford

Staffordshire

ST16 1DA

REGISTERED NUMBER:

04418166 (England and Wales)

ACCOUNTANTS:

Howards Limited

Chartered Certified Accountants

Newport House

Newport Road

Stafford

Staffordshire

ST16 1DA

FIXED ASSETS

Tangible assets

5

19,270

25,832

CURRENT ASSETS

Stocks

243

286

Debtors

6

582,406

587,375

Prepayments and accrued income

87,303

8,357

Cash and cash equivalents

225,982

132,790

895,934

728,808

CREDITORS

Amounts falling due within one year

7

481,359

405,658

NET CURRENT ASSETS

414,575

323,150

TOTAL ASSETS LESS CURRENT LIABILITIES

433,845

348,982

CREDITORS

Amounts falling due after more than one year

8

(3,749

)

(14,100

)

ACCRUALS AND DEFERRED INCOME

(6,190

)

(6,150

)

NET ASSETS

423,906

328,732

CAPITAL AND RESERVES

Called up share capital

10

200

200

Share premium

29,975

29,975

Revaluation reserve

11

1,817

2,165

Retained earnings

391,914

296,392

SHAREHOLDERS' FUNDS

423,906

328,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th September 2025 and were signed on its behalf by:

A P Marks - Director

1.	STATUTORY INFORMATION

Enjoy-Sales Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 04418166 and the registered office is Newport House, Newport Road, Stafford, Staffordshire ST16 1DA.

The principal activity of the company is that of sales training and management.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Functional currency

The financial statements are prepared in sterling (£). The functional currency of the company is sterling (£).

Significant judgements and estimates

In determining and applying accounting policies, judgement is often required in respect of items where the choice of specific policy, accounting estimate or assumption to be followed could materially affect the reported results or net asset position of the company; it may later be determined that a different choice would have been more appropriate. Management considers that certain accounting estimates and assumptions relating to revenue, taxation, tangible fixed assets, provisions and contingent liabilities and accruals are its critical accounting estimates.

Trade receivables

Trade receivables are initially recognised at fair value and are subsequently measured at amortised cost less any provision for bad and doubtful debts

Trade Payables

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has only been partly completed at the balance sheet date turnover represents the value of the services provided to date based on a proportion of the total expected consideration at completion. Where payments are received in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stock is valued at the lower of cost and net realisable value. Cost is determined on a batch specific basis. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the statement of financial position statement of financial positiondate.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial positionstatement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Going concern

The statutory accounts are prepared on a "Going Concern Basis". This assumption has been made after taking into account future profit and loss forecasts and a detailed review of ongoing customer projects and scheduled works.

Impairment of non financial assets

At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Inventories are also assessed for impairment at each reporting date. The carrying amount of each item of inventory, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of inventory or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the, company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Leased assets

Where assets are financed by leasing agreements which give rights approximating to ownership, the assets are treated as if they had been purchased outright. The amount capitalised is the lower of the fair value or the present value of the minimum lease payments during the lease term at the inception of the lease. The assets are depreciated over the shorter of the lease term or their useful life. Obligations relating to finance leases, net of finance charges in respect of future periods, are included, as appropriate, under borrowings due within or after one year. The finance charge element of rentals is charged to finance costs in the income statement over the lease term.

All other leases are operating leases and the rental payments are generally charged to the income statement in the period to which the payments relate, except for those leases which incorporate fixed minimum rental uplift clauses

.

Leases which contain fixed minimum rental uplifts are charged to the income statement on a straight line basis over the lease term.

Incentives received or paid to enter into lease agreements are released to the income statement on a straight line basis over the lease term.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1st January 2024

34,470

50,896

62,613

147,979

Disposals

-

(50,896

)

-

(50,896

)

At 31st December 2024

34,470

-

62,613

97,083

DEPRECIATION

At 1st January 2024

20,103

50,896

51,148

122,147

Charge for year

2,155

-

4,407

6,562

Eliminated on disposal

-

(50,896

)

-

(50,896

)

At 31st December 2024

22,258

-

55,555

77,813

NET BOOK VALUE

At 31st December 2024

12,212

-

7,058

19,270

At 31st December 2023

14,367

-

11,465

25,832

Cost or valuation at 31st December 2024 is represented by:

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Valuation in 2014

10,000

7,500

17,500

Valuation in 2017

-

8,500

8,500

Cost

24,470

46,613

71,083

34,470

62,613

97,083

If tangible fixed assets had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

50,398

50,398

Aggregate depreciation

50,398

38,317

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST OR VALUATION

At 1st January 2024

50,896

Disposals

(50,896

)

At 31st December 2024

-

DEPRECIATION

At 1st January 2024

50,896

Eliminated on disposal

(50,896

)

At 31st December 2024

-

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

52,963

69,070

Amounts owed by group undertakings

412,441

-

Other debtors

117,002

518,305

582,406

587,375

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,413

10,064

Hire purchase contracts

-

20,384

Trade creditors

149,412

89,077

Amounts owed to group undertakings

-

98,015

Taxation and social security

316,027

182,980

Other creditors

5,507

5,138

481,359

405,658

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

3,749

14,100

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

-

20,384

A charge on the company was filed by The Governer and Company of the Bank of Scotland on 20th August 2007, and Lloyds Bank Commercial Finance Ltd on 18th November 2014 . However, at the balance sheet date there were no loans outstanding in relation to these years.

The hire purchase liabilities are secured on the assets to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

180

Ordinary A

£1

180

180

Allotted and issued:

Number:

Class:

Nominal

2024

2023

value:

£

£

20

Ordinary B

£1

20

20

During the year 75 ordinary shares were issued. The 200 ordinary shares were reclassified to 180 Ordinary A and 20 Ordinary B shares.

11.

RESERVES

Revaluation

reserve

£

At 1st January 2024

2,165

Diminution of revaluation

(348

)

At 31st December 2024

1,817

12.	OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £42,938 (2023: £85,876).

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st December 2024 and 31st December 2023:

2024

2023

£

£

A P Marks

Balance outstanding at start of year

97,225

40,214

Amounts advanced

74,955

98,011

Amounts repaid

(172,180

)

(41,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

97,225

Mrs S Murray-Weaver

Balance outstanding at start of year

68,564

72,927

Amounts advanced

41,132

107,438

Amounts repaid

(1,368

)

(111,801

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

108,328

68,564

The directors loan account was repaid within nine months of the year end via a dividend.