Enshall Ltd 31/08/2018 iXBRL

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Company registration number: 03097140

Enshall Ltd

Unaudited filleted financial statements

31 August 2018

Enshall Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Enshall Ltd

Directors and other information


	Director	M. J. Caffery


	Secretary	V. A. Caffery


	Company number	03097140


	Registered office	246 Park View
		Whitley Bay
		Tyne and Wear
		NE26 3QX


	Business address	2 Claerwen Avenue
		Stourport on Severn
		Worcester
		DY13 8LW


	Accountants	Harrison Hutchinson Limited
		246 Park View
		Whitley Bay
		Tyne and Wear
		NE26 3QX




	Bankers	HSBC
		Market Place
		Uppingham
		Rutland
		LE15 9QH

Enshall Ltd

Chartered accountants report to the director on the preparation of the

unaudited statutory financial statements of Enshall Ltd

Year ended 31st August 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Enshall Ltd for the year ended 31st August 2018 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/ regulations-standards-and-guidance/.

This report is made solely to the director of Enshall Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Enshall Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Enshall Ltd and its director as a body for our work or for this report.

It is your duty to ensure that Enshall Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Enshall Ltd. You consider that Enshall Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Enshall Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Harrison Hutchinson Limited

Chartered Accountants

246 Park View

Whitley Bay

Tyne and Wear

NE26 3QX

Enshall Ltd

Statement of financial position

31st August 2018

		2018		2017
	Note	£	£	£	£

Fixed assets
Tangible assets	5	4,856		10,526
		_______		_______
			4,856		10,526

Current assets
Debtors	6	20		990
Cash at bank and in hand		37,919		37,967
		_______		_______
		37,939		38,957
Creditors: amounts falling due
within one year	7	( 9,355)		( 8,632)
		_______		_______
Net current assets			28,584		30,325
			_______		_______
Total assets less current liabilities			33,440		40,851

			_______		_______
Net assets			33,440		40,851
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			33,340		40,751
			_______		_______
Shareholders funds			33,440		40,851
			_______		_______

For the year ending 31 August 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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 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 statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 15 March 2019 , and are signed on behalf of the board by:

M. J. Caffery

Director

Company registration number: 03097140

Enshall Ltd

Statement of changes in equity

Year ended 31st August 2018

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1st September 2016	100	60,942	61,042

Profit for the year		15,809	15,809
	_______	_______	_______
Total comprehensive income for the year	-	15,809	15,809

Dividends paid and payable		( 36,000)	( 36,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 36,000)	( 36,000)

	_______	_______	_______
At 31st August 2017 and 1st September 2017	100	40,751	40,851

Profit for the year		14,089	14,089
	_______	_______	_______
Total comprehensive income for the year	-	14,089	14,089

Dividends paid and payable		( 21,500)	( 21,500)
	_______	_______	_______
Total investments by and distributions to owners	-	( 21,500)	( 21,500)

	_______	_______	_______
At 31st August 2018	100	33,340	33,440
	_______	_______	_______

Enshall Ltd

Notes to the financial statements

Year ended 31st August 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 246 Park View, Whitley Bay, Tyne and Wear, NE26 3QX.

2. Statement of compliance

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

Turnover

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

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

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 or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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
Fittings fixtures and equipment	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2017: 1 ).

5. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1st September 2017 and 31st August 2018	22,632	4,399	27,031
	_______	_______	_______
Depreciation
At 1st September 2017	12,128	4,378	16,506
Charge for the year	5,659	10	5,669
	_______	_______	_______
At 31st August 2018	17,787	4,388	22,175
	_______	_______	_______
Carrying amount
At 31st August 2018	4,845	11	4,856
	_______	_______	_______
At 31st August 2017	10,504	21	10,525
	_______	_______	_______

6. Debtors

	2018	2017
	£	£
Trade debtors	20	990
	_______	_______

7. Creditors: amounts falling due within one year

	2018	2017
	£	£
Corporation tax	4,635	5,255
Social security and other taxes	3,447	2,049
Other creditors	1,273	1,328
	_______	_______
	9,355	8,632
	_______	_______

8. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2018
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	M. J. Caffery	( 168)	( 36,969)	37,034	( 103)
		_______	_______	_______	_______

2017
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	M. J. Caffery	( 990)	51,794	( 50,972)	( 168)
		_______	_______	_______	_______

9. Controlling party

During the year ending 31st August 2018, M. J. Caffery , a director, together with members of their close family, controlled the company by virtue of a controlling interest (directly or indirectly), of 100% (2017-100%) of the issued ordinary share capital.