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Registered number: 09063453
Enzo Corrosion Services Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2025
Beard and Co
6 Blackboy Road
Exeter
EX4 6SG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09063453
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 90,017 59,193
90,017 59,193
CURRENT ASSETS
Debtors 5 614,720 319,048
Cash at bank and in hand 31,133 93,396
645,853 412,444
Creditors: Amounts Falling Due Within One Year 6 (260,766 ) (146,939 )
NET CURRENT ASSETS (LIABILITIES) 385,087 265,505
TOTAL ASSETS LESS CURRENT LIABILITIES 475,104 324,698
Creditors: Amounts Falling Due After More Than One Year 7 (32,211 ) (41,428 )
NET ASSETS 442,893 283,270
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 442,891 283,268
SHAREHOLDERS' FUNDS 442,893 283,270
Page 1
Page 2
For the year ending 31 May 2025 the company was entitled to exemption from audit 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Graeme Horne
Director
15th May 2026
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Enzo Corrosion Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09063453 . The registered office is 6 Blackboy Road, Exeter, Devon, EX4 6SG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing balance
Motor Vehicles 20% Reducing balance
Fixtures & Fittings 20% Reducing balance
Computer Equipment 20% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2024 84,669 4,119 21,403 110,191
Additions 40,045 11,905 - 51,950
Disposals (8,944 ) - - (8,944 )
As at 31 May 2025 115,770 16,024 21,403 153,197
Depreciation
As at 1 June 2024 32,546 1,375 17,077 50,998
Provided during the period 10,686 775 865 12,326
Disposals (144 ) - - (144 )
As at 31 May 2025 43,088 2,150 17,942 63,180
Net Book Value
As at 31 May 2025 72,682 13,874 3,461 90,017
As at 1 June 2024 52,123 2,744 4,326 59,193
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5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 178,385 128,743
Other debtors 436,335 190,305
614,720 319,048
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 4,000 4,000
Other creditors 102,074 62,049
Taxation and social security 154,692 80,890
260,766 146,939
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 2,778
Bank loans 32,211 38,650
32,211 41,428
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years - 2,778
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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