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REGISTERED NUMBER: 10609552 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

ENGAGE FINANCIAL SERVICES LTD

ENGAGE FINANCIAL SERVICES LTD (REGISTERED NUMBER: 10609552)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ENGAGE FINANCIAL SERVICES LTD

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S M Sloma
S L Uddin





REGISTERED OFFICE: 159 High Street
Barnet
Hertfordshire
EN5 5SU





REGISTERED NUMBER: 10609552 (England and Wales)





ACCOUNTANTS: Joshua Leigh & Co Ltd
159 High Street
Barnet
Hertfordshire
EN5 5SU

ENGAGE FINANCIAL SERVICES LTD (REGISTERED NUMBER: 10609552)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 119,120 89,127

CURRENT ASSETS
Debtors 154,431 38,041
Cash at bank and in hand 178,432 101,271
332,863 139,312
CREDITORS
Amounts falling due within one year (203,214 ) (59,745 )
NET CURRENT ASSETS 129,649 79,567
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,769

168,694

CREDITORS
Amounts falling due after more than one
year

(122,939

)

(83,798

)
NET ASSETS 125,830 84,896

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Retained earnings 121,830 80,896
SHAREHOLDERS' FUNDS 125,830 84,896

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

ENGAGE FINANCIAL SERVICES LTD (REGISTERED NUMBER: 10609552)

Abridged Balance Sheet - continued
31 December 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 December 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 Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by:




S M Sloma - Director



S L Uddin - Director


ENGAGE FINANCIAL SERVICES LTD (REGISTERED NUMBER: 10609552)

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

1. STATUTORY INFORMATION

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

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 - 33% on reducing balance, 25% on reducing balance and Straight line over 5 years

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.

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 5 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 123,096
Additions 57,310
At 31 December 2023 180,406
DEPRECIATION
At 1 January 2023 33,969
Charge for year 27,317
At 31 December 2023 61,286
NET BOOK VALUE
At 31 December 2023 119,120
At 31 December 2022 89,127