Enfield Storage Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11002009 (England and Wales)

Financial Statements for the Year Ended 31 March 2022

for

Enfield Storage Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Rogers

REGISTERED OFFICE:

106 - 108 Burnt Oak Broadway

Edgware

Middlesex

HA8 0BE

REGISTERED NUMBER:

11002009 (England and Wales)

FIXED ASSETS

Tangible assets

4

3,196

4,261

CURRENT ASSETS

Debtors

437,042

247,783

Cash at bank

93,292

111,972

530,334

359,755

CREDITORS

Amounts falling due within one year

114,617

100,922

NET CURRENT ASSETS

415,717

258,833

TOTAL ASSETS LESS CURRENT LIABILITIES

418,913

263,094

PROVISIONS FOR LIABILITIES

607

810

NET ASSETS

418,306

262,284

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

418,206

262,184

SHAREHOLDERS' FUNDS

418,306

262,284

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 6 September 2022 and were signed by:

D Rogers - Director

1.	STATUTORY INFORMATION

Enfield Storage 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

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

and 31 March 2022

8,050

DEPRECIATION

At 1 April 2021

3,789

Charge for year

1,065

At 31 March 2022

4,854

NET BOOK VALUE

At 31 March 2022

3,196

At 31 March 2021

4,261

5.	RELATED PARTY DISCLOSURES

During the year the company provided storage facilities to its associate company Rogers Removals Limited. The income received amounted to £322,018 (2021 - £251,500).

During the year the company provided storage facilities to its associate company G W Twilley & Son Limited. The income received amounted to £5,857 (2021 - £4,715).

During the year, the company paid management fees to its associate company Rogers Removals Limited. The fees paid amounted to £16,500 (2021 - £16,500).

At the balance sheet date, the company was owed £301,000 (2021 - £151,548) from its associate companies and it is included within debtors within these financial statements. The balance due from these companies at the balance sheet date was as follows:

Wheels Van Hire Limited £Nil (2021 - £75,000)

Denler Properties Limited £301,000 (2021 - £70,000)

Rogers Removals Limited £Nil (2021 - £ 6,548)

The director was paid dividends of £40,000 (2021 - £40,000) during the year.

6.	ULTIMATE CONTROLLING PARTY

The controlling party is D Rogers.