ENP Media Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 12358317

ENP Media Limited

Filleted Unaudited Financial Statements

30 November 2022

ENP Media Limited

Balance Sheet

30 November 2022

	2022	2021
Note	£	£

Fixed assets

Tangible assets	5	54,146	43,408

Current assets

Debtors	6	205,387	97,274
Cash at bank and in hand		341,353	152,028
		---------	---------
		546,740	249,302

Creditors: amounts falling due within one year	7	203,999	180,306
		---------	---------
Net current assets		342,741	68,996
		---------	---------
Total assets less current liabilities		396,887	112,404

Creditors: amounts falling due after more than one year	8	28,333	–
		---------	---------
Net assets		368,554	112,404
		---------	---------

Capital and reserves

Called up share capital	10	10
Profit and loss account	368,544	112,394
	---------	---------
Shareholders funds	368,554	112,404
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

ENP Media Limited

Balance Sheet (continued)

30 November 2022

These financial statements were approved by the board of directors and authorised for issue on 13 March 2023 , and are signed on behalf of the board by:

Mr B Plesser	Mrs A Clark
Director	Director

Company registration number: 12358317

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.

ENP Media Limited

Notes to the Financial Statements

Year ended 30 November 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sky View House, 10 St Neots Road, Sandy, Bedfordshire, England, SG19 1LB, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102 and as such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. During the period in questions, apart from those involving estimations, the management has made no judgements or uncertain policy, within the process of applying the entity's accounting policies.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

Taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. During the period in review, no assets were revalued, meaning no change in the carrying amount of an asset.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% straight line
Fixtures and fittings	-	20% straight line
Computer Equipment	-	33% straight line
Equipment	-	33% straight line

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2021: 5 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 December 2021	13,234	–	–	36,418	49,652
Additions	3,731	1,223	9,199	16,525	30,678
	--------	-------	-------	--------	--------
At 30 November 2022	16,965	1,223	9,199	52,943	80,330
	--------	-------	-------	--------	--------
Depreciation
At 1 December 2021	1,772	–	–	4,472	6,244
Charge for the year	3,541	46	1,108	15,245	19,940
	--------	-------	-------	--------	--------
At 30 November 2022	5,313	46	1,108	19,717	26,184
	--------	-------	-------	--------	--------
Carrying amount
At 30 November 2022	11,652	1,177	8,091	33,226	54,146
	--------	-------	-------	--------	--------
At 30 November 2021	11,462	–	–	31,946	43,408
	--------	-------	-------	--------	--------

6. Debtors

	2022	2021
	£	£
Trade debtors	198,835	97,274
Other debtors	6,552	–
	---------	--------
	205,387	97,274
	---------	--------

7. Creditors: amounts falling due within one year

	2022	2021
	£	£
Trade creditors	11,074	31,242
Corporation tax	76,866	12,206
Social security and other taxes	82,135	28,347
Other creditors	33,924	108,511
	---------	---------
	203,999	180,306
	---------	---------

8. Creditors: amounts falling due after more than one year

	2022	2021
	£	£
Other creditors	28,333	–
	--------	----

9. Directors' advances, credits and guarantees

Amounts of £8,348 were advanced interest free to the director A Clark (2021: £7,534). Amounts of £7,209 were advanced interest free to the director B Plesser (2021: £20,632). Both amounts advanced to the directors were repayable on demand during the year. At the year end, £8,002 was owed to company, by the director A Clark (2021: £4,812). £19,513 was owed to the director B Plesser by the company (2021: £13,097). During the period, dividends of £41,450 were paid to each director; A Clark and B Plesser.