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REGISTERED NUMBER: 04884458















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Enable (Marketing & Promotions) Ltd

Enable (Marketing & Promotions) Ltd (Registered number: 04884458)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Enable (Marketing & Promotions) Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTOR: Mr N Barnes





REGISTERED OFFICE: 7 Regent Street
Kingswood
Bristol
BS15 8JX





REGISTERED NUMBER: 04884458





ACCOUNTANTS: Norton Tax Shops Limited
3 & 5 Station Road
Keynsham
Bristol
BS31 2BH

Enable (Marketing & Promotions) Ltd (Registered number: 04884458)

Abridged Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,500 15,000
Tangible assets 5 1,237,432 1,209,734
1,244,932 1,224,734

CURRENT ASSETS
Stocks 151,667 17,527
Debtors 357,677 281,725
Cash at bank and in hand 620,152 417,677
1,129,496 716,929
CREDITORS
Amounts falling due within one year 348,628 217,634
NET CURRENT ASSETS 780,868 499,295
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,025,800

1,724,029

CREDITORS
Amounts falling due after more than one
year

(210,556

)

(233,152

)

PROVISIONS FOR LIABILITIES 6 (25,975 ) (18,375 )
NET ASSETS 1,789,269 1,472,502

CAPITAL AND RESERVES
Called up share capital 7 1 1
Revaluation reserve 8 110,733 78,333
Retained earnings 1,678,535 1,394,168
SHAREHOLDERS' FUNDS 1,789,269 1,472,502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Enable (Marketing & Promotions) Ltd (Registered number: 04884458)

Abridged Balance Sheet - continued
31 January 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 April 2023 and were signed by:





Mr N Barnes - Director


Enable (Marketing & Promotions) Ltd (Registered number: 04884458)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Enable (Marketing & Promotions) Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty 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 - 2% on cost
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Enable (Marketing & Promotions) Ltd (Registered number: 04884458)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2022
and 31 January 2023 150,000
AMORTISATION
At 1 February 2022 135,000
Amortisation for year 7,500
At 31 January 2023 142,500
NET BOOK VALUE

At 31 January 2023 7,500
At 31 January 2022 15,000

Enable (Marketing & Promotions) Ltd (Registered number: 04884458)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 February 2022 1,613,578
Additions 91,729
Revaluations 40,000
At 31 January 2023 1,745,307
DEPRECIATION
At 1 February 2022 403,844
Charge for year 104,031
At 31 January 2023 507,875
NET BOOK VALUE
At 31 January 2023 1,237,432
At 31 January 2022 1,209,734

Cost or valuation at 31 January 2023 is represented by:

Totals
£   
Valuation in 2020 (29,292 )
Valuation in 2022 126,000
Valuation in 2023 40,000
Cost 1,608,599
1,745,307

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.1.23 31.1.22
£    £   
Cost 788,292 788,292

Value of land in freehold land and buildings 925,000 885,000

Freehold land and buildings were valued on an open market basis on 31 January 2023 by the director .

6. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£    £   
Deferred tax 25,975 18,375

Enable (Marketing & Promotions) Ltd (Registered number: 04884458)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

6. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2022 18,375
Charge to Income Statement during year 7,600
Balance at 31 January 2023 25,975

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
1 Ordinary £1 1 1

8. RESERVES
Revaluation
reserve
£   
At 1 February 2022 78,333
Revaluation movement in year 32,400

At 31 January 2023 110,733

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
Mr N Barnes
Balance outstanding at start of year (263 ) (15,382 )
Amounts advanced - 15,119
Amounts repaid (1,592 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,855 ) (263 )

10. RELATED PARTY DISCLOSURES

During the period under review the company purchased services from Oveza Ltd to the value of £144,900 (2022 - £142,987). This company is associated as Mr N Barnes is a director of both companies and holds 67% of the A shares in Oveza Ltd.

During the period under review the company purchased goods and services from Innovinity Ltd to the value of £347,087 (2022 - £218,897). This company is associated as Mr N Barnes is a director of both companies and holds 67% of the A shares in Innovinity Ltd.