General Information
Enzymex Limited is a private company, limited by shares, registered in England and Wales, registration number 13004663, registration address 231 Kenton Road, Harrow England, HA3 0HD.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
Total liabilities exceed current assets at the balance sheet date. The directors consider, however that the company has sufficient liquid assets to meet its liabilities as and when they fall due and that the company has sufficient support from its creditors. Accordingly the director considers that it is appropriate to prepare the accounts on a going concern basis.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Intangible assets - Licences & Registration fees
Licenses are recorded at cost, less accumulated amortization. The amortization of licenses is calculated using the straight-line method over an estimated useful life of 15 years. Although the license terms is for an indefinite period, the amortization period is based on a practical estimate of 15 years, reflecting the expected period over which the license will generate economic benefits.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Fixtures and Fittings |
25% Reducing Balance
|
| Computer Equipment |
33.33% Straight Line
|
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 1 (2024 : 1).
|
| 3. |
Intangible fixed assets
| Cost |
Licences & Registration fees |
|
Total |
| |
£ |
|
£ |
| At 01 December 2024 |
75,216 |
|
75,216 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 30 November 2025 |
75,216 |
|
75,216 |
| Amortisation |
| At 01 December 2024 |
10,028 |
|
10,028 |
| Charge for year |
5,015 |
|
5,015 |
| On disposals |
- |
|
- |
| At 30 November 2025 |
15,043 |
|
15,043 |
| Net book values |
| At 30 November 2025 |
60,173 |
|
60,173 |
| At 30 November 2024 |
65,188 |
|
65,188 |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 December 2024 |
115 |
|
2,915 |
|
3,030 |
| Additions |
- |
|
2,789 |
|
2,789 |
| Disposals |
- |
|
- |
|
- |
| At 30 November 2025 |
115 |
|
5,704 |
|
5,819 |
| Depreciation |
| At 01 December 2024 |
58 |
|
1,682 |
|
1,740 |
| Charge for year |
15 |
|
875 |
|
890 |
| On disposals |
- |
|
- |
|
- |
| At 30 November 2025 |
73 |
|
2,557 |
|
2,630 |
| Net book values |
| Closing balance as at 30 November 2025 |
42 |
|
3,147 |
|
3,189 |
| Opening balance as at 01 December 2024 |
57 |
|
1,233 |
|
1,290 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
117,662 |
|
0 |
| Other Debtors |
1,096 |
|
4,154 |
|
118,758 |
|
4,154 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
126,908 |
|
81,904 |
| Taxation and Social Security |
26,256 |
|
6,355 |
| Other Creditors |
29,843 |
|
60,459 |
|
183,007 |
|
148,718 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
(12,983) |
|
122,393 |
| Other Creditors |
31,078 |
|
30,320 |
|
18,095 |
|
152,713 |
|
| 8. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
606 |
|
245 |
|
606 |
|
245 |
|
3
|