Enable Ind. Holdings Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04644135 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

ENABLE IND. HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M W Cooke

M R Baker

P N Hazell

REGISTERED OFFICE:

Rae House

Dane Street

Bishops Stortford

Herts

CM23 3BT

REGISTERED NUMBER:

04644135 (England and Wales)

ACCOUNTANTS:

Barrow LLP

Rae House

Dane Street

Bishops Stortford

Herts

CM23 3BT

FIXED ASSETS

Intangible assets

5

119,276

151,847

Tangible assets

6

69,474

79,957

Investments

7

39,132

39,132

227,882

270,936

CURRENT ASSETS

Debtors

8

-

93,494

Cash at bank

1,307,723

1,049,703

1,307,723

1,143,197

CREDITORS

Amounts falling due within one year

9

(1,483,088

)

(1,361,663

)

NET CURRENT LIABILITIES

(175,365

)

(218,466

)

TOTAL ASSETS LESS CURRENT LIABILITIES

52,517

52,470

CAPITAL AND RESERVES

Called up share capital

10

22,498

22,513

Capital redemption reserve

4,537

4,522

Merger reserve

25,432

25,432

Retained earnings

50

3

SHAREHOLDERS' FUNDS

52,517

52,470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2023 and were signed on its behalf by:

M W Cooke - Director

1.	STATUTORY INFORMATION

Enable Ind. Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Enable Ind. Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents commission income receivable.

Goodwill

Purchased goodwill is capitalised and amortised on a straight line basis over its useful economic life of 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

Straight line over 10 years

Plant and machinery

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, 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.

Other financial instruments 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. 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.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2021

and 30 September 2022

1,415,419

AMORTISATION

At 1 October 2021

1,263,572

Amortisation for year

32,571

At 30 September 2022

1,296,143

NET BOOK VALUE

At 30 September 2022

119,276

At 30 September 2021

151,847

6.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1 October 2021

and 30 September 2022

104,752

6,000

110,752

DEPRECIATION

At 1 October 2021

24,826

5,969

30,795

Charge for year

10,475

8

10,483

At 30 September 2022

35,301

5,977

41,278

NET BOOK VALUE

At 30 September 2022

69,451

23

69,474

At 30 September 2021

79,926

31

79,957

7.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 October 2021

and 30 September 2022

36,132

3,000

39,132

NET BOOK VALUE

At 30 September 2022

36,132

3,000

39,132

At 30 September 2021

36,132

3,000

39,132

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.9.21

£

£

Other debtors

-

93,494

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.9.21

£

£

Trade creditors

-

1,050

Amounts owed to group undertakings

1,410,995

1,291,752

Taxation and social security

48,703

50,610

Other creditors

23,390

18,251

1,483,088

1,361,663

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.22

30.9.21

value:

£

£

21,568

A Ordinary

£1

21,568

21,568

75

B Ordinary

£1

30

45

900

C Ordinary

£1

900

900

22,498

22,513

The company bought back 15 Ordinary B shares during the year for £10,000.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2022 and 30 September 2021:

30.9.22

30.9.21

£

£

M W Cooke

Balance outstanding at start of year

(11,622

)

138,378

Amounts repaid

(350

)

(150,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(11,972

)

(11,622

)

P N Hazell

Balance outstanding at start of year

15,971

-

Amounts repaid

(20,350

)

15,971

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(4,379

)

15,971