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Registered number: 13754857
Enable Capital Limited
Directors' Report and
Unaudited Financial Statements
For The Year Ended 30 November 2023
Directors' Report and Unaudited Financial Statements
Contents
Page
Company Information 1
Directors' Report 2
Accountants' Report 3
Statement of Income and Retained Earnings 4
Balance Sheet 5—6
Notes to the Financial Statements 7—8
Page 1
Company Information
Directors J J Coetser
M L Simpson
Secretary Exceed Cosec Services Limited
Company Number 13754857
Registered Office Bank House
81 St Judes Road
Englefield Green
TW20 0DF
Accountants Exceed Accountants Limited
Bank House, 81 St Judes Road
Englefield Green
TW20 0DF
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 30 November 2023.
Principal Activity
The principal activity of the company is of financial intermediation and related services.
Directors
The directors who held office during the year were as follows:
J J Coetser
M L Simpson
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
J J Coetser
Director
12/04/2024
Page 2
Page 3
Accountants' Report
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 30 November 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
12/04/2024
Exceed Accountants Limited
Bank House, 81 St Judes Road
Englefield Green
TW20 0DF
Page 3
Page 4
Statement of Income and Retained Earnings
30 November 2023 30 November 2022
Notes £ £
TURNOVER 33,691 24,737
Cost of sales (288 ) (5,050 )
GROSS PROFIT 33,403 19,687
Administrative expenses (2,064 ) (2,611 )
OPERATING PROFIT 31,339 17,076
Interest payable and similar charges (23,541 ) (13,520 )
PROFIT BEFORE TAXATION 7,798 3,556
Tax on Profit (1,664 ) (1,331 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 6,134 2,225
RETAINED EARNINGS
As at 1 December 2022 2,225 -
As at 30 November 2023 8,359 2,225
The notes on pages 7 to 8 form part of these financial statements.
Page 4
Page 5
Balance Sheet
30 November 2023 30 November 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 115,027 106,143
Cash at bank and in hand 118,692 3,621
233,719 109,764
Creditors: Amounts Falling Due Within One Year 5 (225,350 ) (107,529 )
NET CURRENT ASSETS (LIABILITIES) 8,369 2,235
TOTAL ASSETS LESS CURRENT LIABILITIES 8,369 2,235
NET ASSETS 8,369 2,235
CAPITAL AND RESERVES
Called up share capital 6 10 10
Profit and Loss Account 8,359 2,225
SHAREHOLDERS' FUNDS 8,369 2,235
Page 5
Page 6
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
J J Coetser
Director
12/04/2024
The notes on pages 7 to 8 form part of these financial statements.
Page 6
Page 7
Notes to the Financial Statements
1. General Information
Enable Capital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13754857 . The registered office is Bank House, 81 St Judes Road, Englefield Green, TW20 0DF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Debtors
30 November 2023 30 November 2022
£ £
Due within one year
Trade debtors 111,390 103,340
Other debtors 3,637 2,803
115,027 106,143
Page 7
Page 8
5. Creditors: Amounts Falling Due Within One Year
30 November 2023 30 November 2022
£ £
Corporation tax 1,664 1,331
Other creditors 222,006 104,590
Accruals and deferred income 1,680 1,608
225,350 107,529
6. Share Capital
30 November 2023 30 November 2022
Allotted, called up and fully paid £ £
10 Ordinary Shares of £ 1 each 10 10
7. Ultimate Controlling Party
The company's ultimate controlling party are the company directors.
Page 8