Company Registration No. 10342738 (England and Wales)
ENABLE TODAY LTD
Unaudited accounts
for the year ended 31 January 2023
ENABLE TODAY LTD
Unaudited accounts
Contents
ENABLE TODAY LTD
Company Information
for the year ended 31 January 2023
Directors
Mr K J Flay
Mrs C K Flay
Company Number
10342738 (England and Wales)
Registered Office
10 Manor Way
Verwood
Dorset
BH31 6HF
Accountants
Julia Allnutt Ltd
17 Headlands Business Park
Salisbury Road
Ringwood
Hampshire
BH24 3PB
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of ENABLE TODAY LTD for the year ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
ENABLE TODAY LTD for the year ended
31 January 2023 as set out on pages
5 -
9 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 icaew.com/membershandbook.
This report is made solely to the Board of Directors of ENABLE TODAY LTD, as a body, in accordance with the terms of our engagement letter dated 22 June 2019. Our work has been undertaken solely to prepare for your approval the accounts of ENABLE TODAY LTD and state those matters that we have agreed to state to the Board of Directors of ENABLE TODAY LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ENABLE TODAY LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ENABLE TODAY LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of ENABLE TODAY LTD. You consider that ENABLE TODAY 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 accounts of ENABLE TODAY 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 accounts.
Julia Allnutt Ltd
Chartered Accountants
17 Headlands Business Park
Salisbury Road
Ringwood
Hampshire
BH24 3PB
15 June 2023
ENABLE TODAY LTD
Statement of financial position
as at 31 January 2023
Tangible assets
52,413
59,829
Cash at bank and in hand
29,231
47,474
Creditors: amounts falling due within one year
(143,524)
(142,168)
Net current assets
88,133
68,394
Total assets less current liabilities
140,546
128,223
Creditors: amounts falling due after more than one year
(160,554)
(116,917)
Provisions for liabilities
Deferred tax
(9,958)
(11,367)
Net liabilities
(29,966)
(61)
Called up share capital
2,000
2,000
Profit and loss account
(31,966)
(2,061)
Shareholders' funds
(29,966)
(61)
For the year ending 31 January 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 16 June 2023 and were signed on its behalf by
Mrs C K Flay
Director
Company Registration No. 10342738
ENABLE TODAY LTD
Notes to the Accounts
for the year ended 31 January 2023
ENABLE TODAY LTD is a private company, limited by shares, registered in England and Wales, registration number 10342738. The registered office is 10 Manor Way, Verwood, Dorset, BH31 6HF.
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 company is dependent on the continue support of the directors and the bank. The financial statements have been prepared on the going concern basis which assumes that this support will be forthcoming.
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.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
Fixtures & fittings
20% on cost
Computer equipment
25% on cost
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.
ENABLE TODAY LTD
Notes to the Accounts
for the year ended 31 January 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2022
42,347
11,932
18,359
72,638
Additions
4,323
-
4,872
9,195
At 31 January 2023
46,670
11,932
23,231
81,833
At 1 February 2022
2,636
3,638
6,535
12,809
Charge for the year
9,253
2,365
4,993
16,611
At 31 January 2023
11,889
6,003
11,528
29,420
At 31 January 2023
34,781
5,929
11,703
52,413
At 31 January 2022
39,711
8,294
11,824
59,829
ENABLE TODAY LTD
Notes to the Accounts
for the year ended 31 January 2023
Amounts falling due within one year
Trade debtors
137,895
132,153
Accrued income and prepayments
1,030
5,470
Other debtors
63,501
25,465
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
37,693
29,835
Taxes and social security
36,958
39,377
Other creditors
68,873
67,750
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
100,559
116,917
9
Deferred taxation
2023
2022
Accelerated capital allowances
9,958
11,367
Provision at start of year
11,367
2,080
(Credited)/charged to the profit and loss account
(1,409)
9,287
Provision at end of year
9,958
11,367
10
Operating lease commitments
2023
2022
At 31 January 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
12,583
20,500
Later than one year and not later than five years
43,296
66,958
Later than five years
-
10,296
ENABLE TODAY LTD
Notes to the Accounts
for the year ended 31 January 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan
10,000
17,477
10,000
17,477
Loan
10,000
17,451
10,000
17,451
20,000
34,928
20,000
34,928
Loans to directors: £34,928 (2022: £20,000), interest has been charged at 2% per annum and the loans are due to be repaid in full within 9 months of the year-end.
12
Average number of employees
During the year the average number of employees was 50 (2022: 52).
