REGISTERED NUMBER: |
ENTITLEDTO LTD |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 |
REGISTERED NUMBER: |
ENTITLEDTO LTD |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 |
ENTITLEDTO LTD (REGISTERED NUMBER: 05191376) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31 July 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
ENTITLEDTO LTD |
COMPANY INFORMATION |
For The Year Ended 31 July 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
16 Royal Crescent |
Glasgow |
G3 7SL |
ENTITLEDTO LTD (REGISTERED NUMBER: 05191376) |
BALANCE SHEET |
31 July 2023 |
31.7.23 | 31.7.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
ENTITLEDTO LTD (REGISTERED NUMBER: 05191376) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31 July 2023 |
1. | STATUTORY INFORMATION |
Entitledto Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents income from annual licenses invoiced and services provided in the year, net of value added tax. Allowance is included in the accounts for support costs in relation to that element of unexpired annual licenses at the year end. |
Tangible fixed assets |
Plant and machinery etc | - |
Government grants |
Government grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the asset to which they relate or twenty years, whichever is shorter. Government grants in respect of revenue expenditure are credited to the profit and loss account in the year to which they relate. |
Taxation |
Taxation for the year comprises current 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 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. |
Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme and makes pension contributions to personal pension schemes for one of the company's directors. Contributions payable to these pension schemes are charged to the profit or loss in the period to which they relate. |
Fixed assets investments |
Fixed asset investments are stated at cost and reviewed for impairment as required. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
ENTITLEDTO LTD (REGISTERED NUMBER: 05191376) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 July 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 August 2022 |
Additions |
Disposals | ( |
) |
At 31 July 2023 |
DEPRECIATION |
At 1 August 2022 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 July 2023 |
NET BOOK VALUE |
At 31 July 2023 |
At 31 July 2022 |
5. | FIXED ASSET INVESTMENTS |
Interest |
in other |
participating |
interests |
£ |
COST |
At 1 August 2022 |
and 31 July 2023 | 50 |
NET BOOK VALUE |
At 31 July 2023 | 50 |
At 31 July 2022 | 50 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.23 | 31.7.22 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.23 | 31.7.22 |
£ | £ |
Taxation and social security |
Other creditors |
ENTITLEDTO LTD (REGISTERED NUMBER: 05191376) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 July 2023 |
8. | RELATED PARTY DISCLOSURES |
At 31 July 2023, included in other creditors, are interest free loans from the company's directors of £6,744 (2022, £15,006). There are no fixed repayment terms for these loans. |