Relate AccountsProduction v2.7.2 v2.7.2 2022-02-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is to create and collaborate on award winning animation, VFX and digital projects for advertising, games, film and television. 25 August 2023 0 0 NI628546 2023-01-31 NI628546 2022-01-31 NI628546 2021-01-31 NI628546 2022-02-01 2023-01-31 NI628546 2021-02-01 2022-01-31 NI628546 uk-bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 NI628546 uk-curr:PoundSterling 2022-02-01 2023-01-31 NI628546 uk-bus:AbridgedAccounts 2022-02-01 2023-01-31 NI628546 uk-core:ShareCapital 2023-01-31 NI628546 uk-core:ShareCapital 2022-01-31 NI628546 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 NI628546 uk-core:RetainedEarningsAccumulatedLosses 2022-01-31 NI628546 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-01-31 NI628546 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-01-31 NI628546 uk-bus:FRS102 2022-02-01 2023-01-31 NI628546 uk-core:FurnitureFittingsToolsEquipment 2022-02-01 2023-01-31 NI628546 uk-core:MotorVehicles 2022-02-01 2023-01-31 NI628546 2022-02-01 2023-01-31 NI628546 uk-bus:Director1 2022-02-01 2023-01-31 NI628546 uk-bus:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI628546
 
 
Enter Yes Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 January 2023
Enter Yes Ltd
Company Registration Number: NI628546
ABRIDGED BALANCE SHEET
as at 31 January 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 38,509 39,937
───────── ─────────
 
Current Assets
Debtors 30,072 55,968
Cash at bank and in hand 116,523 34,004
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146,595 89,972
───────── ─────────
Creditors: amounts falling due within one year (90,252) (55,178)
───────── ─────────
Net Current Assets 56,343 34,794
───────── ─────────
Total Assets less Current Liabilities 94,852 74,731
 
Creditors:
amounts falling due after more than one year (22,651) (29,586)
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Net Assets 72,201 45,145
═════════ ═════════
 
Capital and Reserves
Called up share capital 1 1
Retained earnings 72,200 45,144
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Shareholders' Funds 72,201 45,145
═════════ ═════════
 
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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 25 August 2023
           
________________________________          
Mr. Kris Kelly          
Director          
           



Enter Yes Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 January 2023

   
1. General Information
 
Enter Yes Ltd is a company limited by shares incorporated in Northern Ireland. 25 Donegall Street, Belfast, BT1 2FF is the registered office, which is also the principal place of business of the company . The principal activity of the company is to create and collaborate on award winning animation, VFX and digital projects for advertising, games, film and television. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 January 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 33% Straight line
  Motor vehicles - 25% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 2, (2022 - 2).
         
4. Tangible assets
  Fixtures, Motor Total
  fittings and vehicles  
  equipment    
  £ £ £
Cost
At 1 February 2022 24,943 34,075 59,018
Additions 9,686 - 9,686
  ───────── ───────── ─────────
At 31 January 2023 34,629 34,075 68,704
  ───────── ───────── ─────────
Depreciation
At 1 February 2022 11,434 7,647 19,081
Charge for the financial year 7,150 3,964 11,114
  ───────── ───────── ─────────
At 31 January 2023 18,584 11,611 30,195
  ───────── ───────── ─────────
Net book value
At 31 January 2023 16,045 22,464 38,509
  ═════════ ═════════ ═════════
At 31 January 2022 13,509 26,428 39,937
  ═════════ ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 January 2023.