Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-30falsefalsetrue2022-07-01No description of principal activity1315The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08096540 2022-07-01 2023-06-30 08096540 2021-07-01 2022-06-30 08096540 2023-06-30 08096540 2022-06-30 08096540 c:Director1 2022-07-01 2023-06-30 08096540 d:OfficeEquipment 2022-07-01 2023-06-30 08096540 d:OfficeEquipment 2023-06-30 08096540 d:OfficeEquipment 2022-06-30 08096540 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 08096540 d:ComputerEquipment 2022-07-01 2023-06-30 08096540 d:ComputerEquipment 2023-06-30 08096540 d:ComputerEquipment 2022-06-30 08096540 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 08096540 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 08096540 d:CurrentFinancialInstruments 2023-06-30 08096540 d:CurrentFinancialInstruments 2022-06-30 08096540 d:Non-currentFinancialInstruments 2023-06-30 08096540 d:Non-currentFinancialInstruments 2022-06-30 08096540 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 08096540 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 08096540 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 08096540 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 08096540 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 08096540 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-06-30 08096540 d:ShareCapital 2023-06-30 08096540 d:ShareCapital 2022-06-30 08096540 d:CapitalRedemptionReserve 2023-06-30 08096540 d:CapitalRedemptionReserve 2022-06-30 08096540 d:RetainedEarningsAccumulatedLosses 2023-06-30 08096540 d:RetainedEarningsAccumulatedLosses 2022-06-30 08096540 c:OrdinaryShareClass1 2022-07-01 2023-06-30 08096540 c:OrdinaryShareClass1 2023-06-30 08096540 c:OrdinaryShareClass1 2022-06-30 08096540 c:OrdinaryShareClass2 2022-07-01 2023-06-30 08096540 c:OrdinaryShareClass2 2023-06-30 08096540 c:OrdinaryShareClass2 2022-06-30 08096540 c:FRS102 2022-07-01 2023-06-30 08096540 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 08096540 c:FullAccounts 2022-07-01 2023-06-30 08096540 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 08096540 d:WithinOneYear 2023-06-30 08096540 d:WithinOneYear 2022-06-30 08096540 d:BetweenOneFiveYears 2023-06-30 08096540 d:BetweenOneFiveYears 2022-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08096540














ENEMY OF BOREDOM ACADEMY LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  30 JUNE 2023

 
ENEMY OF BOREDOM ACADEMY LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
ENEMY OF BOREDOM ACADEMY LIMITED
REGISTERED NUMBER:08096540

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
43,489
30,769

Current assets
  

Debtors: amounts falling due within one year
 5 
85,844
65,510

Cash at bank and in hand
  
343,126
186,295

  
428,970
251,805

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(142,326)
(104,659)

Net current assets
  
 
 
286,644
 
 
147,146

Total assets less current liabilities
  
330,133
177,915

Creditors: amounts falling due after more than one year
 7 
(18,783)
(28,583)

  

Net assets
  
311,350
149,332


Capital and reserves
  

Called up share capital 
 9 
94
100

Capital redemption reserve
  
8
-

Profit and loss account
  
311,248
149,232

  
311,350
149,332


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 March 2024.




Page 1

 
ENEMY OF BOREDOM ACADEMY LIMITED
REGISTERED NUMBER:08096540
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

S C Godwin
Director


The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ENEMY OF BOREDOM ACADEMY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Enemy of Boredom Academy is a limited liability company registered in England and Wales. Its registered office address is at The Court House Broadway, Town square, Bracknell, Berkshire, RG12 !AE.
The principal activity of the Company during the year was that of media production.

The financial statements are presented in £ sterling, which is the functional currency of the Company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is measured at the fair value of amounts receivable in respect of services provided in the year, net of trade discounts and excluding value added tax. 
Revenue from services is recognised when the the service has been provided.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance
Computer equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
ENEMY OF BOREDOM ACADEMY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.4

Basic financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors,trade and other creditors, cash at bank and in hand, loans to/from related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transactions costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised costs using the effective interest methods, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Interest bearing borrowings, such as bank loans, classified as basic financial instruments are recognised initially at the present value of future payments discounted at a market rate of interest.Thereafter, they are stated at amortised cost using the effective interest method.
Cash and cash equivalents comprise cash balances. Bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 13 (2022 - 15).

Page 4

 
ENEMY OF BOREDOM ACADEMY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2022
7,151
51,287
58,438


Additions
6,287
16,785
23,072



At 30 June 2023

13,438
68,072
81,510



Depreciation


At 1 July 2022
1,067
26,603
27,670


Charge for the year on owned assets
2,544
7,807
10,351



At 30 June 2023

3,611
34,410
38,021



Net book value



At 30 June 2023
9,827
33,662
43,489



At 30 June 2022
6,085
24,684
30,769

Page 5

 
ENEMY OF BOREDOM ACADEMY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Debtors

2023
2022
£
£


Trade debtors
41,417
30,336

Other debtors
38,830
34,359

Prepayments and accrued income
5,597
815

85,844
65,510



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
9,800
9,800

Trade creditors
5,388
6,000

Other taxation and social security
98,371
60,949

Other creditors
2,094
3,590

Accruals and deferred income
26,673
24,320

142,326
104,659



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
18,783
28,583



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
9,800
9,800


Amounts falling due 1-5 years

Bank loans
18,783
28,583


28,583
38,383


Page 6

 
ENEMY OF BOREDOM ACADEMY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



72 (2022 - 72) Ordinary A shares of £1 each
72
72
22 (2022 - 28) Ordinary B shares of £1 each
22
28

94

100

On 26 May 2023, 2 Ordinary B shares were issued at a nominal value of £1 per share. On the same date, 8 Ordinary B shares with a nominal value of £1 per share were redeemed and subsequently cancelled.



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £5,219 (2022 - £3,116). Contributions totaling £560 (2022 - £330) were payable to the fund at the reporting date and are included in creditors.


11.


Commitments under operating leases

At 30 June 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
14,000
-

Later than 1 year and not later than 5 years
45,000
-

59,000
-


12.


Related party transactions

As at the year end, the Company was owed £38,830 (2022 - £34,116) by entities under common directorship included within other debtors. 
As at the year end, the Company owed £788 to the directors of the Company, included within other creditors. 

 
Page 7