Company registration number 11423723 (England and Wales)
Enterprise RPA Limited
Unaudited financial statements
For the year ended 30 June 2022
Enterprise RPA Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
Enterprise RPA Limited
Statement of financial position
as at 30 June 2022
30 June 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,263
2,377
Current assets
Debtors
4
194,319
144,581
Cash at bank and in hand
172,745
194,806
367,064
339,387
Creditors: amounts falling due within one year
5
(256,459)
(198,701)
Net current assets
110,605
140,686
Total assets less current liabilities
112,868
143,063
Creditors: amounts falling due after more than one year
6
(110,000)
(141,833)
Net assets
2,868
1,230
Capital and reserves
Called up share capital
125
125
Share premium account
975
975
Profit and loss reserves
1,768
130
Total equity
2,868
1,230

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 June 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 year 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.

Enterprise RPA Limited
Statement of financial position (continued)
as at 30 June 2022
30 June 2022
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 12 September 2022 and are signed on its behalf by:
Mr D J Cockerill
Director
Company Registration No. 11423723
Enterprise RPA Limited
Notes to the financial statements
For the year ended 30 June 2022
- 3 -
1
Accounting policies
Company information

Enterprise RPA Limited is a private company limited by shares incorporated in England and Wales. The registered office is Peter House, Oxford Street, Manchester, M1 5AN.

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 are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
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, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
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:

Computers
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.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Enterprise RPA Limited
Notes to the financial statements (continued)
For the year ended 30 June 2022
1
Accounting policies
(Continued)
- 4 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Enterprise RPA Limited
Notes to the financial statements (continued)
For the year ended 30 June 2022
1
Accounting policies
(Continued)
- 5 -
1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
2021
Number
Number
Total
9
7
3
Tangible fixed assets
Computers
£
Cost
At 1 July 2021
4,211
Additions
1,230
At 30 June 2022
5,441
Depreciation and impairment
At 1 July 2021
1,834
Depreciation charged in the year
1,344
At 30 June 2022
3,178
Carrying amount
At 30 June 2022
2,263
At 30 June 2021
2,377
Enterprise RPA Limited
Notes to the financial statements (continued)
For the year ended 30 June 2022
- 6 -
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
56,625
39,324
Other debtors
137,694
105,257
194,319
144,581
5
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans
31,833
31,833
Trade creditors
14,511
20,575
Taxation and social security
33,429
19,946
Other creditors
176,686
126,347
256,459
198,701
6
Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans
110,000
141,833
7
Loans and overdrafts
2022
2021
£
£
Bank loans
141,833
173,666
Payable within one year
31,833
31,833
Payable after one year
110,000
141,833

The bank loans are secured by the government.

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