Accounts filed on 31-03-2016

Accounts filed on 31-03-2016

ENPIC GROUP LTD - Company Information

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ENPIC GROUP LTD

Company Registration Number:
08352458 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

ENPIC GROUP LTD

Abbreviated Balance sheet

As at 31 March 2016


Notes
2016
£		 14 months to
31 Mar 2015
£
Fixed assets
Intangible assets: 2 20,300 107,550
Tangible assets: 3 23,732 7,020
Total fixed assets: 44,032 114,570
Current assets
Debtors: 39,464 2,059
Cash at bank and in hand: 11,100 7,592
Total current assets: 50,564 9,651
Creditors: amounts falling due within one year: ( 78,312 ) ( 132,872 )
Net current assets (liabilities): ( 27,748 ) ( 123,221 )
Total assets less current liabilities: 16,284 ( 8,651 )
Total net assets (liabilities): 16,284 ( 8,651 )

The notes form part of these financial statements

ENPIC GROUP LTD

Balance sheet continued

As at 31 March 2016


Notes
2016
£		 14 months to
31 Mar 2015
£
Capital and reserves
Called up share capital: 4 100 100
Profit and loss account: 16,184 ( 8,751 )
Shareholders funds: 16,284 ( 8,651 )

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 17 July 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Paul Parker
Status: Director

The notes form part of these financial statements

ENPIC GROUP LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    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 policy

    Turnover represents amounts invoiced and accrued for during the period in the UK, net of credit notes and excluding Value Added Tax.

    Tangible fixed assets depreciation policy

    The cost of fixed assets is their purchase cost, and any costs directly attributable to bringing them into working condition for their intended use. Depreciation on tangible fixed assets, other than land, is calculated to write off their cost, less estimated residual values, by equal annual instalments on the following bases:
    Computer Equipment - over 3 years
    Furniture and fittings - over 7 years

    Intangible fixed assets amortisation policy

    The cost of intangible fixed assets is their purchase cost, and any costs directly attributable to bringing them into working condition for their intended use. Amortisation on intangible fixed assets, is calculated to write off their cost, by equal annual instalments on the following bases:
    18million UK Homeowner database - over 7 years

ENPIC GROUP LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 2. Intangible assets

    Total
    Cost £
    01 April 2015: 107,550
    Additions: 0
    Disposals: 0
    Revaluations: ( 87,250 )
    Transfers: 0
    31 March 2016: 20,300
    Amortisation
    01 April 2015: 0
    Provided during the period: 0
    On disposals: 0
    Other Adjustments: 0
    31 March 2016: 0
    Net book value
    31 March 2016: 20,300
    31 March 2015: 107,550

ENPIC GROUP LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 3. Tangible assets

    Total
    Cost £
    01 April 2015: 7,610
    Additions: 20,000
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 March 2016: 27,610
    Depreciation
    01 April 2015: 590
    Charge for year: 3,288
    On disposals: 0
    Other adjustments: 0
    31 March 2016: 3,878
    Net book value
    31 March 2016: 23,732
    31 March 2015: 7,020

ENPIC GROUP LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 4. Called up share capital

    Allotted, called up and paid

    Previous period 14 months to
    31 Mar 2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100

ENPIC GROUP LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 5. Transactions with directors

    Name of director receiving advance or credit Paul Parker
    Description of the transaction Interest free loan to company from director
    Balance at 01 April 2015 132,740
    Advances or credits made 54,428
    Balance at 31 March 2016 78,312

    The directors loan account is interest free and repayable on demand.