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Company No: 08620838 (England and Wales)

ENGAGE PERFORMANCE LTD

Unaudited Financial Statements
For the financial year ended 31 July 2023
Pages for filing with the registrar

ENGAGE PERFORMANCE LTD

Unaudited Financial Statements

For the financial year ended 31 July 2023

Contents

ENGAGE PERFORMANCE LTD

COMPANY INFORMATION

For the financial year ended 31 July 2023
ENGAGE PERFORMANCE LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 July 2023
DIRECTORS Mrs A M Keighley
Mr J W Keighley
SECRETARY Mrs A M Keighley
REGISTERED OFFICE 19 Station Road
Backwell
BS48 3NW
United Kingdom
COMPANY NUMBER 08620838 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
ENGAGE PERFORMANCE LTD

BALANCE SHEET

As at 31 July 2023
ENGAGE PERFORMANCE LTD

BALANCE SHEET (continued)

As at 31 July 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 2,565 1,680
2,565 1,680
Current assets
Debtors 4 55,212 16,431
Cash at bank and in hand 4,142 91,424
59,354 107,855
Creditors: amounts falling due within one year 5 ( 5,370) ( 29,383)
Net current assets 53,984 78,472
Total assets less current liabilities 56,549 80,152
Net assets 56,549 80,152
Capital and reserves
Called-up share capital 6 105 105
Profit and loss account 56,444 80,047
Total shareholders' funds 56,549 80,152

For the financial year ending 31 July 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Engage Performance Ltd (registered number: 08620838) were approved and authorised for issue by the Board of Directors on 23 February 2024. They were signed on its behalf by:

Mr J W Keighley
Director
ENGAGE PERFORMANCE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
ENGAGE PERFORMANCE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Engage Performance Ltd is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 19 Station Road, Backwell, BS48 3NW, United Kingdom. The registered office address is also the principal place of business.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. There are no material departures from FRS 102.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Computer equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. During the year, the company received £nil in government grants in relation to the Coronavirus Job Support Scheme (2022 - £1,990)

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Computer equipment Total
£ £
Cost
At 01 August 2022 7,641 7,641
Additions 1,316 1,316
At 31 July 2023 8,957 8,957
Accumulated depreciation
At 01 August 2022 5,961 5,961
Charge for the financial year 431 431
At 31 July 2023 6,392 6,392
Net book value
At 31 July 2023 2,565 2,565
At 31 July 2022 1,680 1,680

4. Debtors

2023 2022
£ £
Trade debtors 39,294 11,318
Prepayments and accrued income 9,900 4,344
VAT recoverable 268 0
Corporation tax 5,750 0
Other debtors 0 769
55,212 16,431

5. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to directors 2,403 8,099
Accruals and deferred income 2,960 9,894
Taxation and social security 0 11,390
Other creditors 7 0
5,370 29,383

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary B shares of £ 1.00 each 100 100
5 Ordinary A shares of £ 1.00 each 5 5
105 105

The Ordinary B shares have voting rights and entitle the holder to rights to capital and dividends.

The Ordinary A shares have voting rights and entitle the holder to rights to capital and dividends.

7. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Amounts owed to the directors 2,403 8,099
0 0