Enzo (Cleaning Products) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03010013 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2020

FOR

ENZO (CLEANING PRODUCTS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr J Sneddon

SECRETARY:

Mrs Y Sneddon

REGISTERED OFFICE:

Unit 59

Vale Business Park

Llandow

South Glamorgan

CF71 7PF

REGISTERED NUMBER:

03010013 (England and Wales)

ACCOUNTANT:

Linghams Chartered Accountants

(Lingham Accountancy Limited)

(Part of the Waterfront Accountancy Group Limited)

7-8 Raleigh Walk

Waterfront 2000

Brigantine Place

Cardiff

South Glamorgan

CF10 4LN

FIXED ASSETS

Tangible assets

4

49,451

43,359

CURRENT ASSETS

Stocks

19,645

36,215

Debtors

5

452,827

276,335

Cash at bank

199,209

299,540

671,681

612,090

CREDITORS

Amounts falling due within one year

6

306,160

226,301

NET CURRENT ASSETS

365,521

385,789

TOTAL ASSETS LESS CURRENT LIABILITIES

414,972

429,148

CAPITAL AND RESERVES

Called up share capital

90

90

Retained earnings

414,882

429,058

SHAREHOLDERS' FUNDS

414,972

429,148

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 28 January 2021 and were signed by:

Mr J Sneddon - Director

1.	STATUTORY INFORMATION

Enzo (Cleaning Products) 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.

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.

Plant and machinery etc

-

20% on reducing balance

Stocks

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

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.

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

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 12 (2019 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2019

118,613

Additions

21,306

Disposals

(4,880

)

At 31 January 2020

135,039

DEPRECIATION

At 1 February 2019

75,254

Charge for year

10,334

At 31 January 2020

85,588

NET BOOK VALUE

At 31 January 2020

49,451

At 31 January 2019

43,359

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

£

Trade debtors

448,842

272,445

Other debtors

3,985

3,890

452,827

276,335

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

£

Trade creditors

174,239

157,666

Taxation and social security

57,792

64,378

Other creditors

74,129

4,257

306,160

226,301

7.	RELATED PARTY DISCLOSURES