Caseware UK (AP4) 2021.0.152 2021.0.152 2022-05-312022-05-315No description of principal activity2021-06-01false7truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05117440 2021-06-01 2022-05-31 05117440 2020-06-01 2021-05-31 05117440 2022-05-31 05117440 2021-05-31 05117440 c:Director1 2021-06-01 2022-05-31 05117440 d:FurnitureFittings 2021-06-01 2022-05-31 05117440 d:FurnitureFittings 2022-05-31 05117440 d:FurnitureFittings 2021-05-31 05117440 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-06-01 2022-05-31 05117440 d:OfficeEquipment 2021-06-01 2022-05-31 05117440 d:OfficeEquipment 2022-05-31 05117440 d:OfficeEquipment 2021-05-31 05117440 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-06-01 2022-05-31 05117440 d:OwnedOrFreeholdAssets 2021-06-01 2022-05-31 05117440 d:CurrentFinancialInstruments 2022-05-31 05117440 d:CurrentFinancialInstruments 2021-05-31 05117440 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 05117440 d:CurrentFinancialInstruments d:WithinOneYear 2021-05-31 05117440 d:ShareCapital 2022-05-31 05117440 d:ShareCapital 2021-05-31 05117440 d:RetainedEarningsAccumulatedLosses 2022-05-31 05117440 d:RetainedEarningsAccumulatedLosses 2021-05-31 05117440 c:FRS102 2021-06-01 2022-05-31 05117440 c:AuditExempt-NoAccountantsReport 2021-06-01 2022-05-31 05117440 c:FullAccounts 2021-06-01 2022-05-31 05117440 c:PrivateLimitedCompanyLtd 2021-06-01 2022-05-31 05117440 2 2021-06-01 2022-05-31 iso4217:GBP xbrli:pure

Registered number: 05117440









ENABLE ADVISORS LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2022

 
ENABLE ADVISORS LIMITED
REGISTERED NUMBER: 05117440

BALANCE SHEET
AS AT 31 MAY 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
51,754
21,116

  
51,754
21,116

Current assets
  

Debtors: amounts falling due within one year
 5 
69,313
52,894

Cash at bank and in hand
 6 
157,028
175,069

  
226,341
227,963

Creditors: amounts falling due within one year
 7 
(115,200)
(77,465)

Net current assets
  
 
 
111,141
 
 
150,498

Total assets less current liabilities
  
162,895
171,614

  

Net assets
  
162,895
171,614


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
162,795
171,514

  
162,895
171,614


Page 1

 
ENABLE ADVISORS LIMITED
REGISTERED NUMBER: 05117440
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
M Garcia
Director
Date: 14 September 2022

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ENABLE ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

1.


General information

Enable Advisors Limited is private company limited by shares. The company is incorporated in England and Wales and its trading address is 11 Gables Avenue, Borehamwood, Herts, WD6 4SP. The registered number is 05117440.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
ENABLE ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25% reducing balance
Office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
ENABLE ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2021 - 7).

Page 5

 
ENABLE ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

4.


Tangible fixed assets





Fixtures & fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 June 2021
8,569
51,589
60,158


Additions
-
47,854
47,854



At 31 May 2022

8,569
99,443
108,012



Depreciation


At 1 June 2021
4,160
34,881
39,041


Charge for the year on owned assets
1,102
16,115
17,217



At 31 May 2022

5,262
50,996
56,258



Net book value



At 31 May 2022
3,307
48,447
51,754



At 31 May 2021
4,408
16,708
21,116

Page 6

 
ENABLE ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

5.


Debtors

2022
2021
£
£


Trade debtors
53,242
43,870

Other debtors
10,070
8,070

Prepayments and accrued income
6,001
954

69,313
52,894



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
157,027
175,069

157,027
175,069



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
81,700
37,672

Corporation tax
16,535
21,932

Other taxation and social security
15,021
16,140

Other creditors
720
497

Accruals and deferred income
1,224
1,224

115,200
77,465


 
Page 7