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REGISTERED NUMBER: 05191376 (England and Wales)















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: Dr P J Agulnik
S Gibson





REGISTERED OFFICE: Delta House
16 Bridge Road
Haywards Heath
RH16 1UA





REGISTERED NUMBER: 05191376 (England and Wales)





ACCOUNTANTS: Benham Conway & Co
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 6,344 4,496
Investments 5 50 50
6,394 4,546

CURRENT ASSETS
Debtors 6 120,416 234,097
Cash at bank 714,508 461,855
834,924 695,952
CREDITORS
Amounts falling due within one year 7 309,646 341,167
NET CURRENT ASSETS 525,278 354,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

531,672

359,331

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 530,672 358,331
SHAREHOLDERS' FUNDS 531,672 359,331

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

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

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.

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

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 18 April 2024 and were signed on its behalf by:




Dr P J Agulnik - Director


ENTITLEDTO LTD (REGISTERED NUMBER: 05191376)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2023


1. STATUTORY INFORMATION

Entitledto Ltd is a private company, limited by shares , registered in England and Wales. 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.

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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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 9 (2022 - 7 ) .

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 10,075
Additions 5,318
Disposals (1,499 )
At 31 July 2023 13,894
DEPRECIATION
At 1 August 2022 5,579
Charge for year 3,470
Eliminated on disposal (1,499 )
At 31 July 2023 7,550
NET BOOK VALUE
At 31 July 2023 6,344
At 31 July 2022 4,496

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 104,799 225,034
Other debtors 15,617 9,063
120,416 234,097

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security 83,391 87,977
Other creditors 226,255 253,190
309,646 341,167

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.