Energile Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08571780 (England and Wales)

Energile Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H Du

Miss H Xuan

SECRETARY:

REGISTERED OFFICE:

248 Monticello Way

Bannerbrook Park

Coventry

West Midlands

CV4 9WE

REGISTERED NUMBER:

08571780 (England and Wales)

ACCOUNTANTS:

T Cheung & Co

Chartered Accountants

Unit3a Wing Yip Centre

278 Thimble Mill Lane

Birmingham

B7 5HD

FIXED ASSETS

Tangible assets

4

1,627

2,029

CURRENT ASSETS

Stocks

645,702

200,546

Debtors

5

44,505

7,900

Cash at bank and in hand

11,989

61,585

702,196

270,031

CREDITORS

Amounts falling due within one year

6

793,759

368,114

NET CURRENT LIABILITIES

(91,563

)

(98,083

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(89,936

)

(96,054

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(90,036

)

(96,154

)

SHAREHOLDERS' FUNDS

(89,936

)

(96,054

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 21 March 2018 and were signed on its behalf by:

H Du - Director

1.	STATUTORY INFORMATION

Energile Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable,

excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Stocks

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

allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2016

and 30 June 2017

2,680

DEPRECIATION

At 1 July 2016

651

Charge for year

402

At 30 June 2017

1,053

NET BOOK VALUE

At 30 June 2017

1,627

At 30 June 2016

2,029

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

36,605

-

Other debtors

7,900

7,900

44,505

7,900

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade creditors

417,443

101

Taxation and social security

1

1

Other creditors

376,315

368,012

793,759

368,114

Other creditors include the amount of £365,489 Director Loans due to Mr Hai Du

(£246,289) and Ms Hong Xuan (£119,200). Mr Hai Du invested £260,269 and Ms

Hong Xuan invested £119,200 in the Company as Director Loans up to 30 June

2016.