Enzo's Homes Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08002846 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

ENZO'S HOMES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr F Sauro

Mr S Ismail

REGISTERED OFFICE:

Glyn Yr Eithin Argoed Road

Betws

Ammanford

Carmarthenshire

SA18 2PS

REGISTERED NUMBER:

08002846 (England and Wales)

ACCOUNTANTS:

Clay Shaw Butler

Chartered Accountants

24 Lammas Street

Carmarthen

Carmarthenshire

SA31 3AL

FIXED ASSETS

Tangible assets

2

80,690

-

CURRENT ASSETS

Stocks

1,767,415

-

Debtors

809,753

230,000

Cash at bank and in hand

10

1,116

2,577,178

231,116

CREDITORS

Amounts falling due within one year

3

2,418,617

230,749

NET CURRENT ASSETS

158,561

367

TOTAL ASSETS LESS CURRENT LIABILITIES

239,251

367

CREDITORS

Amounts falling due after more than one year

3

(47,392

)

-

PROVISIONS FOR LIABILITIES

(13,326

)

-

NET ASSETS

178,533

367

CAPITAL AND RESERVES

Called up share capital

4

20

10

Profit and loss account

178,513

357

SHAREHOLDERS' FUNDS

178,533

367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 July 2015 and were signed on its behalf by:

Mr F Sauro - Director

1.	ACCOUNTING POLICIES

ACCOUNTING CONVENTION

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

TURNOVER

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

STOCKS

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

HIRE PURCHASE AND LEASING COMMITMENTS

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

PENSIONS

The company operates a defined contribution pension scheme. Contributions payable for the year are charged in

the profit and loss account.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

82,323

At 31 March 2015

82,323

DEPRECIATION

Charge for year

1,633

At 31 March 2015

1,633

NET BOOK VALUE

At 31 March 2015

80,690

3.

CREDITORS

Creditors include an amount of £ 1,450,601 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

20

Ordinary

£1

20

10

10 Ordinary shares of £1 were issued during the year for cash of £ 10 .