Enzo's Homes Limited - Accounts to registrar (filleted) - small 18.2

Enzo's Homes Limited - Accounts to registrar (filleted) - small 18.2

ENZO'S HOMES LIMITED - Company Information

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REGISTERED NUMBER: 08002846 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

ENZO'S HOMES LIMITED
ENZO'S HOMES LIMITED (REGISTERED NUMBER: 08002846)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ENZO'S HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2019







DIRECTOR: Mr F Sauro





REGISTERED OFFICE: 24 Lammas Street
Carmarthen
Carmarthenshire
SA31 3AL





REGISTERED NUMBER: 08002846 (England and Wales)





ACCOUNTANTS: Clay Shaw Butler
Chartered Accountants
24 Lammas Street
Carmarthen
Carmarthenshire
SA31 3AL
Page 1
ENZO'S HOMES LIMITED (REGISTERED NUMBER: 08002846)

ABRIDGED BALANCE SHEET
31 MARCH 2019

31.3.19 31.3.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 636,589 569,236

CURRENT ASSETS
Stocks 620,721 310,584
Debtors 1,174,506 1,064,102
Cash at bank and in hand 582,131 328,559
2,377,358 1,703,245
CREDITORS
Amounts falling due within one year 2,351,430 1,661,466
NET CURRENT ASSETS 25,928 41,779
TOTAL ASSETS LESS CURRENT
LIABILITIES
662,517
611,015

CREDITORS
Amounts falling due after more than one
year
(140,569
)
(128,758
)

PROVISIONS FOR LIABILITIES (104,322 ) (99,513 )
NET ASSETS 417,626 382,744

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 417,606 382,724
SHAREHOLDERS' FUNDS 417,626 382,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
ENZO'S HOMES LIMITED (REGISTERED NUMBER: 08002846)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2019


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 17 September 2019 and were signed by:





Mr F Sauro - Director


The notes form part of these financial statements

Page 3
ENZO'S HOMES LIMITED (REGISTERED NUMBER: 08002846)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019


1. STATUTORY INFORMATION

Enzo's Homes Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

STOCKS
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due
allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 have been enacted or
substantively enacted by the balance sheet date.


Page 4 continued...
ENZO'S HOMES LIMITED (REGISTERED NUMBER: 08002846)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2018 - 8 ) .

Page 5 continued...
ENZO'S HOMES LIMITED (REGISTERED NUMBER: 08002846)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2018 883,870
Additions 338,502
Disposals (135,519 )
At 31 March 2019 1,086,853
DEPRECIATION
At 1 April 2018 314,634
Charge for year 201,476
Eliminated on disposal (65,846 )
At 31 March 2019 450,264
NET BOOK VALUE
At 31 March 2019 636,589
At 31 March 2018 569,236

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

Totals
£   
COST
At 1 April 2018 729,377
Additions 255,604
Disposals (82,769 )
Transfer to ownership (331,700 )
At 31 March 2019 570,512
DEPRECIATION
At 1 April 2018 256,261
Charge for year 133,994
Eliminated on disposal (28,193 )
Transfer to ownership (205,622 )
At 31 March 2019 156,440
NET BOOK VALUE
At 31 March 2019 414,072
At 31 March 2018 473,116

Page 6 continued...
ENZO'S HOMES LIMITED (REGISTERED NUMBER: 08002846)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


5. SECURED DEBTS

The following secured debts are included within creditors:

31.3.19 31.3.18
£    £   
Hire purchase contracts 287,290 303,272

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

Page 7