Endeavor Management Limited - Period Ending 2020-03-31

Endeavor Management Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 5

Endeavor Management Limited

(Registration number: 06610464)
Balance Sheet as at 31 March 2020

	Note	2020 £	2019 £
Fixed assets
Tangible assets	4	5,056	7,379
Current assets
Debtors	5	172,092	159,763
Cash at bank and in hand		20,065	21,346
		192,157	181,109
Creditors: Amounts falling due within one year	6	(66,274)	(88,291)
Net current assets		125,883	92,818
Net assets		130,939	100,197
Capital and reserves
Called up share capital		10	10
Profit and loss account		130,929	100,187
Shareholders' funds		130,939	100,197

Endeavor Management Limited

(Registration number: 06610464)
Balance Sheet as at 31 March 2020

For the financial year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 18 December 2020
 

.........................................

A E Harvey
Director

Endeavor Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of management consultancy services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office Equipment	25% reducing balance basis
Office Building	25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Endeavor Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2019 - 1).

4	Tangible assets

	Office building £	Office equipment £	Total £
Cost or valuation
At 1 April 2019	8,163	8,881	17,044
Additions	-	1,411	1,411
Disposals	-	(5,085)	(5,085)
At 31 March 2020	8,163	5,207	13,370
Depreciation
At 1 April 2019	3,707	5,958	9,665
Charge for the year	2,041	640	2,681
Eliminated on disposal	-	(4,032)	(4,032)
At 31 March 2020	5,748	2,566	8,314
Carrying amount
At 31 March 2020	2,415	2,641	5,056
At 31 March 2019	4,456	2,923	7,379

Included within the net book value of land and buildings above is £2,415 (2019 - £4,456) in respect of freehold land and buildings.
 

Endeavor Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

5

Debtors

	2020 £	2019 £
Other debtors	172,092	159,763
Total current trade and other debtors	172,092	159,763

6

Creditors

Creditors: amounts falling due within one year

	2020 £	2019 £
Due within one year
Trade creditors	2,734	864
Taxation and social security	61,790	85,646
Other creditors	1,750	1,781
	66,274	88,291

7	Related party transactions

Transactions with directors

2020	At 1 April 2019 £	Advances to directors £	Repayments by director £	At 31 March 2020 £
A E Harvey
	(31)	148,223	(33,536)	114,656

2019	At 1 April 2018 £	Advances to directors £	Repayments by director £	At 31 March 2019 £
A E Harvey
	463	23,178	(23,672)	(31)

Other transactions with directors

Mr A Harvey (director) had a loan account with the company during the year. At the balance sheet date the amount due from/(to) Mr Harvey was £114,656 (2019:(£31)).