Company Registration No. 11824570 (England and Wales)
ENVILLE INTERIORS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 DECEMBER 2022
PAGES FOR FILING WITH REGISTRAR
ENVILLE INTERIORS LIMITED
COMPANY INFORMATION
Directors
Mr M C Donovan
Mrs L K Donovan
Company number
11824570
Registered office
113 Brindley Street
Stourport-On-Severn
DY13 8JW
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
NatWest Bank Plc
Merry Hill Centre
Brierley Hill
West Midlands
DY1 1LW
ENVILLE INTERIORS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
ENVILLE INTERIORS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ENVILLE INTERIORS LIMITED FOR THE PERIOD ENDED 30 DECEMBER 2022
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Enville Interiors Limited for the period ended 30 December 2022 which comprise, the balance sheet and the 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 (ICAEW), 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 Board of Directors of Enville Interiors Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Enville Interiors Limited and state those matters that we have agreed to state to the Board of Directors of Enville Interiors Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Enville Interiors Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Enville Interiors Limited 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 loss of Enville Interiors Limited. You consider that Enville Interiors Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Enville Interiors Limited. 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.
Ormerod Rutter Limited
12 December 2023
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
ENVILLE INTERIORS LIMITED
BALANCE SHEET
AS AT 30 DECEMBER 2022
30 December 2022
- 2 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,892
10,404
Current assets
Debtors
4
25,594
19,830
Cash at bank and in hand
2
7,418
25,596
27,248
Creditors: amounts falling due within one year
5
(14,845)
(7,760)
Net current assets
10,751
19,488
Total assets less current liabilities
14,643
29,892
Creditors: amounts falling due after more than one year
6
(16,939)
(23,332)
Provisions for liabilities
8
(739)
(1,977)
Net (liabilities)/assets
(3,035)
4,583
Capital and reserves
Called up share capital
9
2
2
Profit and loss reserves
(3,037)
4,581
Total equity
(3,035)
4,583
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 30 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
ENVILLE INTERIORS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 DECEMBER 2022
30 December 2022
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 12 December 2023 and are signed on its behalf by:
Mr M C Donovan
Mrs L K Donovan
Director
Director
Company Registration No. 11824570
ENVILLE INTERIORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 DECEMBER 2022
- 4 -
1
Accounting policies
Company information
Enville Interiors Limited is a private company limited by shares incorporated in England and Wales. The registered office is 113 Brindley Street, Stourport-On-Severn, DY13 8JW.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% on reducing balance
Computer equipment
15% on reducing balance
Motor vehicles
25% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
ENVILLE INTERIORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 DECEMBER 2022
1
Accounting policies
(Continued)
- 5 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.6
Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was 2 (2021 - 2).
ENVILLE INTERIORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 DECEMBER 2022
- 6 -
3
Tangible fixed assets
Plant and equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2022
3,971
758
9,000
13,729
Additions
1,282
1,282
Disposals
(9,000)
(9,000)
At 30 December 2022
3,971
2,040
6,011
Depreciation and impairment
At 1 January 2022
945
130
2,250
3,325
Depreciation charged in the period
758
286
1,044
Eliminated in respect of disposals
(2,250)
(2,250)
At 30 December 2022
1,703
416
2,119
Carrying amount
At 30 December 2022
2,268
1,624
3,892
At 31 December 2021
3,026
628
6,750
10,404
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
310
270
Other debtors
25,284
19,560
25,594
19,830
5
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
6,912
5,728
Trade creditors
180
Taxation and social security
6,728
683
Other creditors
1,205
1,169
14,845
7,760
6
Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
16,939
23,332
ENVILLE INTERIORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 DECEMBER 2022
- 7 -
7
Secured debts
The following secured debts are included within creditors:
2022
2021
£
£
Bank overdrafts
523
Bank loans
23,328
29,060
23,851
29,060
Bank loans are secured by way of a government-backed guarantee.
8
Provisions for liabilities
2022
2021
£
£
Deferred tax liabilities
739
1,977
9
Called up share capital
2022
2021
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary A of £1 each
1
1
1 Ordinary B of £1 each
1
1
2
2
10
Directors' transactions
Advances or credits have been granted by the company to its directors as follows:
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Loan account
-
19,360
17,911
(19,360)
17,911
19,360
17,911
(19,360)
17,911
The directors loan accounts were repaid within nine months of the year end.
11
Ultimate controlling party
The ultimate controlling party is Mr M C Donovan and Mrs L K Donovan.