| ENEM Enterprise UK Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2020 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
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Stocks |
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Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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| 2 |
Employees |
2020 |
|
2019 |
| Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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| 3 |
Other information |
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ENEM Enterprise UK Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
268a High Street |
|
Beckenham |
|
Kent |
|
BR3 1DZ |
