The Eleven Enterprises Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04620812 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

THE ELEVEN ENTERPRISES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

B J R Gateley

R J O'Donovan

REGISTERED OFFICE:

20-22 Wenlock Road

London

N1 7GU

REGISTERED NUMBER:

04620812 (England and Wales)

ACCOUNTANTS:

Horizon Accounts Limited

Chartered Management Accountants

Stapleton House,

Block A, 2nd Floor,

110 Clifton Street

London

EC2A 4HT

FIXED ASSETS

Tangible assets

2

24,601

24,323

CURRENT ASSETS

Debtors

145,173

114,915

Cash at bank

1,214

26,999

146,387

141,914

CREDITORS

Amounts falling due within one year

3

156,578

150,715

NET CURRENT LIABILITIES

(10,191

)

(8,801

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

14,410

15,522

PROVISIONS FOR LIABILITIES

4,920

4,865

NET ASSETS

9,490

10,657

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

8,490

9,657

SHAREHOLDERS' FUNDS

9,490

10,657

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 31 May 2016 and were signed on its behalf by:

R J O'Donovan - 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 January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Other income

Other income represents management fees charged to related parties and desk rental income received in the

period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

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

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

period of the lease.

Going concern

The directors have a reasonable expectation that the company will continue to trade profitably and have adequate

resources to continue in operational existence for the foreseeable future. The directors are therefore of the

opinion that they should continue to adopt the going concern basis of accounting in preparing the financial

statements.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

38,280

Additions

6,406

Disposals

(1,448

)

At 31 December 2015

43,238

DEPRECIATION

At 1 January 2015

13,957

Charge for year

6,128

Eliminated on disposal

(1,448

)

At 31 December 2015

18,637

NET BOOK VALUE

At 31 December 2015

24,601

At 31 December 2014

24,323

3.

CREDITORS

Creditors include an amount of £ 70,000 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

1,000

Ordinary shares

£1

1,000

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the director B J R Gateley loaned the company £11,326, received dividends of £27,418 and had

drawings of £29,033. At the balance sheet date, B J R Gateley was owed £9,711 by the company.

During the year, the director R J O'Donovan loaned the company £18,326, received dividends of £27,418 and

had drawings of £31,033. At the balance sheet date, R J O'Donovan was owed £14,711 by the company.