Enjo Limited 31/03/2019 iXBRL

Enjo Limited 31/03/2019 iXBRL

ENJO LIMITED - Company Information

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31/03/2019 2019-03-31 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2018-04-01 Sage Accounts Production 18.30 - FRS xbrli:pure xbrli:shares iso4217:GBP 04693743 2018-04-01 2019-03-31 04693743 2019-03-31 04693743 2018-03-31 04693743 2017-04-01 2018-03-31 04693743 2018-03-31 04693743 2017-03-31 04693743 bus:RegisteredOffice 2018-04-01 2019-03-31 04693743 bus:LeadAgentIfApplicable 2018-04-01 2019-03-31 04693743 bus:Director1 2018-04-01 2019-03-31 04693743 bus:Director2 2018-04-01 2019-03-31 04693743 bus:CompanySecretary1 2018-04-01 2019-03-31 04693743 core:RetainedEarningsAccumulatedLosses 2017-04-01 2018-03-31 04693743 core:RetainedEarningsAccumulatedLosses 2018-04-01 2019-03-31 04693743 core:WithinOneYear 2019-03-31 04693743 core:WithinOneYear 2018-03-31 04693743 core:ShareCapital 2019-03-31 04693743 core:ShareCapital 2018-03-31 04693743 core:RetainedEarningsAccumulatedLosses 2019-03-31 04693743 core:RetainedEarningsAccumulatedLosses 2018-03-31 04693743 core:ShareCapital 2017-03-31 04693743 core:RetainedEarningsAccumulatedLosses 2017-03-31 04693743 bus:Director1 2018-03-31 04693743 bus:Director1 2019-03-31 04693743 bus:Director1 2018-03-31 04693743 bus:Director1 2017-04-01 2018-03-31 04693743 bus:SmallEntities 2018-04-01 2019-03-31 04693743 bus:AuditExempt-NoAccountantsReport 2018-04-01 2019-03-31 04693743 bus:AbridgedAccounts 2018-04-01 2019-03-31 04693743 bus:SmallCompaniesRegimeForAccounts 2018-04-01 2019-03-31 04693743 bus:PrivateLimitedCompanyLtd 2018-04-01 2019-03-31 04693743 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2019-03-31
Statement of consent to prepare abridged financial statements
All of the members of Enjo Limited have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.
Company registration number: 04693743
Enjo Limited
Unaudited filleted abridged financial statements
31 March 2019
Enjo Limited
Contents
Directors and other information
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
Enjo Limited
Directors and other information
Directors L E Isaacs
S Isaacs
Secretary S Isaacs
Company number 04693743
Registered office Raydean House
Western Parade
Barnet
EN5 1AH
Bankers Santander
301 St Vincent Street
Glasgow G2 5NT
Enjo Limited
Abridged statement of financial position
31 March 2019
2019 2018
Note £ £ £ £
Fixed assets
Intangible assets 5 - 12,763
Tangible assets 6 15,171 17,931
_______ _______
15,171 30,694
Current assets
Stocks 115,398 68,377
Debtors 115,935 80,876
Cash at bank and in hand 180,640 217,472
_______ _______
411,973 366,725
Creditors: amounts falling due
within one year ( 265,186) ( 191,894)
_______ _______
Net current assets 146,787 174,831
_______ _______
Total assets less current liabilities 161,958 205,525
_______ _______
Net assets 161,958 205,525
_______ _______
Capital and reserves
Called up share capital 14,016 14,016
Profit and loss account 147,942 191,509
_______ _______
Shareholders funds 161,958 205,525
_______ _______
For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 December 2019 , and are signed on behalf of the board by:
L E Isaacs S Isaacs
Director Director
Company registration number: 04693743
Enjo Limited
Statement of changes in equity
Year ended 31 March 2019
Called up share capital Profit and loss account Total
£ £ £
At 1 April 2017 14,016 148,829 162,845
Profit for the year 188,680 188,680
_______ _______ _______
Total comprehensive income for the year - 188,680 188,680
Dividends paid and payable ( 146,000) ( 146,000)
_______ _______ _______
Total investments by and distributions to owners - ( 146,000) ( 146,000)
_______ _______ _______
At 31 March 2018 and 1 April 2018 14,016 191,509 205,525
Profit for the year 79,433 79,433
_______ _______ _______
Total comprehensive income for the year - 79,433 79,433
Dividends paid and payable ( 123,000) ( 123,000)
_______ _______ _______
Total investments by and distributions to owners - ( 123,000) ( 123,000)
_______ _______ _______
At 31 March 2019 14,016 147,942 161,958
_______ _______ _______
Enjo Limited
Notes to the financial statements
Year ended 31 March 2019
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Raydean House, Western Parade, Barnet, EN5 1AH.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are recorded at the fair value at the acquisition date.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Research and development
Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2018: 8 ).
5. Intangible assets
£
Cost
At 1 April 2018 and 31 March 2019 51,049
_______ |
Amortisation
At 1 April 2018 38,287
Charge for the year 12,762
_______ |
At 31 March 2019 51,049
_______ |
Carrying amount
At 31 March 2019 -
_______ |
At 31 March 2018 12,762
_______ |
6. Tangible assets
£
Cost
At 1 April 2018 58,672
Additions 2,296
_______
At 31 March 2019 60,968
_______
Depreciation
At 1 April 2018 40,741
Charge for the year 5,056
_______
At 31 March 2019 45,797
_______
Carrying amount
At 31 March 2019 15,171
_______
At 31 March 2018 17,931
_______
7. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2019
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
L E Isaacs ( 86) ( 821) ( 907)
_______ _______ _______
2018
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
L E Isaacs - ( 86) ( 86)
_______ _______ _______
8. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value Balance owed by/(owed to)
2019 2018 2019 2018
£ £ £ £
Oskfel Software Ltd 199,568 - 75,820 -
_______ _______ _______ _______
During the year services totalling £199,568 were provided to Oskfel Software Ltd, a company both directors of Enjo Limited hold shares in.