Ensilica Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04220106 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2017

FOR

ENSILICA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I W E Lankshear

M N Hodgkins

REGISTERED OFFICE:

West Forest Gate

Wellington Road

Wokingham

Berkshire

RG40 2AT

REGISTERED NUMBER:

04220106 (England and Wales)

ACCOUNTANTS:

Hackett Griffey LLP

Chartered Certified Accountants

2 Mill Road

Haverhill

Suffolk

CB9 8BD

FIXED ASSETS

Tangible assets

4

88,478

58,376

Investments

5

2

6,576

88,480

64,952

CURRENT ASSETS

Stocks

264,997

17,870

Debtors

6

2,981,175

1,492,878

Cash at bank and in hand

265,372

859,174

3,511,544

2,369,922

CREDITORS

Amounts falling due within one year

7

1,351,044

912,821

NET CURRENT ASSETS

2,160,500

1,457,101

TOTAL ASSETS LESS CURRENT LIABILITIES

2,248,980

1,522,053

PROVISIONS FOR LIABILITIES

89,842

11,287

NET ASSETS

2,159,138

1,510,766

CAPITAL AND RESERVES

Called up share capital

1,700

1,700

Retained earnings

2,157,438

1,509,066

SHAREHOLDERS' FUNDS

2,159,138

1,510,766

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 6 November 2017 and were signed on its behalf by:

I W E Lankshear - Director

M N Hodgkins - Director

1.	STATUTORY INFORMATION

Ensilica 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Ensilica Limited as an individual company and do not contain

consolidated financial information as the parent of a group. The company has taken the option under Section 398

of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover is the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of

VAT.

Tangible fixed assets

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

Office equipment

-

25% on reducing balance

Computer equipment

-

33% on cost

Government grants

Government grants received in respect of revenue expenditure are credit to the profit and loss account in the

accounting period that the expenditure is incurred. Government grants relating to fixed assets are treated as

deferred credits and credited to profit and loss account over the estimated useful life of the asset.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost, less provision for impairment.

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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

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

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 .

4.	TANGIBLE FIXED ASSETS

Office

Computer

equipment

equipment

Totals

£

£

£

COST

At 1 June 2016

28,116

110,247

138,363

Additions

3,531

86,145

89,676

At 31 May 2017

31,647

196,392

228,039

DEPRECIATION

At 1 June 2016

15,140

64,847

79,987

Charge for year

7,912

51,662

59,574

At 31 May 2017

23,052

116,509

139,561

NET BOOK VALUE

At 31 May 2017

8,595

79,883

88,478

At 31 May 2016

12,976

45,400

58,376

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST OR VALUATION

At 1 June 2016

6,576

Impairments

(6,574

)

At 31 May 2017

2

NET BOOK VALUE

At 31 May 2017

2

At 31 May 2016

6,576

Cost or valuation at 31 May 2017 is represented by:

Shares in

group

undertakings

£

Valuation in 2016

(26,885

)

Valuation in 2017

(6,574

)

Cost

33,461

2

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

2,234,159

1,091,701

Amounts owed by group undertakings

477

9,125

Other debtors

61,716

35,668

Taxation

433,408

132,287

VAT

132,702

57,039

Prepayments and accrued income

118,713

167,058

2,981,175

1,492,878

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

362,486

151,345

Amounts owed to group undertakings

-

2,970

Social security and other taxes

92,041

52,031

Other creditors

10,324

7,368

Deferred income

405,062

333,943

Accrued expenses

481,131

365,164

1,351,044

912,821

8.	OTHER FINANCIAL COMMITMENTS

The total amount of commitments, guarantees and contingencies is £164,655 (2016: £192,098).