Company Registration No. 09922453 (England and Wales)
Ensco 1162 Limited
Unaudited accounts
for the year ended 31 December 2019
Ensco 1162 Limited
Unaudited accounts
Contents
Ensco 1162 Limited
Company Information
for the year ended 31 December 2019
Company Number
09922453 (England and Wales)
Registered Office
3RD FLOOR THE PINNACLE
73 KING STREET
MANCHESTER
M2 4NG
UNITED KINGDOM
Accountants
Accounts Lab Ltd
The Leeming Building
Vicar Lane
Leeds
West Yorkshire
LS2 7JF
Ensco 1162 Limited
Statement of financial position
as at 31 December 2019
Cash at bank and in hand
3,965
8,649
Creditors: amounts falling due within one year
(249,031)
(527,992)
Net current assets
24,244
41,027
Total assets less current liabilities
24,244
41,027
Creditors: amounts falling due after more than one year
(146,088)
(226,560)
Net liabilities
(121,844)
(185,533)
Called up share capital
100
100
Profit and loss account
(121,944)
(185,633)
Shareholders' funds
(121,844)
(185,533)
For the year ending 31 December 2019 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 December 2020 and were signed on its behalf by
Eric Kilby
Director
Company Registration No. 09922453
Ensco 1162 Limited
Notes to the Accounts
for the year ended 31 December 2019
Ensco 1162 Limited is a private company, limited by shares, registered in England and Wales, registration number 09922453. The registered office is 3RD FLOOR THE PINNACLE, 73 KING STREET, MANCHESTER, M2 4NG, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Ensco 1162 Limited
Notes to the Accounts
for the year ended 31 December 2019
Amounts due from group undertakings etc.
170,136
66,097
Deferred tax asset
26,316
21,515
Other debtors
68,641
50,019
6
Creditors: amounts falling due within one year
2019
2018
Other creditors
210,093
527,992
7
Creditors: amounts falling due after more than one year
2019
2018
Other creditors
146,088
226,560
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
Stanthorne Limited:
The company is related to Stanthorne Limited by virtue of a common director. During the period, the net transfers between the two companies were £25,472 transferred to Stanthorne Limited (2018: £210,946). The amount outstanding to Stanthorne Limited at the Balance Sheet date was £207,282 (2018: £232,754).
Ensco 1174 Limited:
The company is related to Ensco 1174 Limited by virtue of a common director. During the period, the net transfers between the two companies were £91,792 paid to Ensco 1174 Limited (2018: £65,202). The amount due from Ensco 1174 Limited at the Balance Sheet date was £156,994 (2018: £65,202).
Stanthorne (Penrith) Limited:
The company is related to Stanthorne (Penrith) Limited by virtue of a common director. During the period, the net transfers between the two companies were £272 paid to Stanthorne (Penrith) Limited (2018: £895). The amount due from Stanthorne (Penrith) Limited at the Balance Sheet date was £1,167 (2018: £895).
Stanthorne (Polmont) Limited:
The company is related to Stanthorne (Polmont) Limited by virtue of a common director. During the period, the net transfers between the two two companies were £2,839 paid to Stanthorne (Polmont) Limited (2018: £nil). The amount due from Stanthorne (Polmont) Limited at the Balance Sheet date was £2,839 (2018: £nil).
Stanthorne (Tarporely) Limited:
The company is related to Stanthorne (Tarporely) Limited by virtue of a common director. During the period, the net transfers between the two two companies were £9,136 paid to Stanthorne (Tarporely) Limited (2018: £nil). The amount due from Stanthorne (Tarporely) Limited at the Balance Sheet date was £9,136 (2018: £nil).
Ensco 1162 Limited
Notes to the Accounts
for the year ended 31 December 2019
The company is ultimately controlled by its two directors.
11
Average number of employees
During the year the average number of employees was 2 (2018: 2).
