Acorah Software Products - Accounts Production 14.5.501 false true true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 10880551 Mr Jeffrey Williams Mr Maynard Inkster true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10880551 2022-07-31 10880551 2023-07-31 10880551 2022-08-01 2023-07-31 10880551 frs-core:CurrentFinancialInstruments 2023-07-31 10880551 frs-core:ComputerEquipment 2023-07-31 10880551 frs-core:ComputerEquipment 2022-08-01 2023-07-31 10880551 frs-core:ComputerEquipment 2022-07-31 10880551 frs-core:FurnitureFittings 2023-07-31 10880551 frs-core:FurnitureFittings 2022-08-01 2023-07-31 10880551 frs-core:FurnitureFittings 2022-07-31 10880551 frs-core:SharePremium 2023-07-31 10880551 frs-core:ShareCapital 2023-07-31 10880551 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 10880551 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10880551 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 10880551 frs-bus:SmallEntities 2022-08-01 2023-07-31 10880551 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 10880551 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10880551 1 2022-08-01 2023-07-31 10880551 frs-bus:Director1 2022-08-01 2023-07-31 10880551 frs-bus:Director2 2022-08-01 2023-07-31 10880551 frs-countries:EnglandWales 2022-08-01 2023-07-31 10880551 2021-07-31 10880551 2022-07-31 10880551 2021-08-01 2022-07-31 10880551 frs-core:CurrentFinancialInstruments 2022-07-31 10880551 frs-core:SharePremium 2022-07-31 10880551 frs-core:ShareCapital 2022-07-31 10880551 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 10880551
Enroly Ltd
Financial Statements
For The Year Ended 31 July 2023
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10880551
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,494 24,577
26,494 24,577
CURRENT ASSETS
Debtors 5 864,594 428,719
Investments 6 55 55
Cash at bank and in hand 955,992 139,813
1,820,641 568,587
Creditors: Amounts Falling Due Within One Year 7 (1,733,174 ) (632,070 )
NET CURRENT ASSETS (LIABILITIES) 87,467 (63,483 )
TOTAL ASSETS LESS CURRENT LIABILITIES 113,961 (38,906 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (5,034 ) (4,670 )
NET ASSETS/(LIABILITIES) 108,927 (43,576 )
CAPITAL AND RESERVES
Called up share capital 9 15 15
Share premium account 1,887,067 1,887,067
Profit and Loss Account (1,778,155 ) (1,930,658 )
SHAREHOLDERS' FUNDS 108,927 (43,576)
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For the year ending 31 July 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jeffrey Williams
Director
22 March 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Enroly Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10880551 . The registered office is 85 Great Portland Street, London, W1W 7LT.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 33% Straight Line
Computer Equipment 33% Straight Line
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 15 14
Sales, marketing and distribution 3 2
18 16
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2022 2,268 34,260 36,528
Additions 234 14,339 14,573
As at 31 July 2023 2,502 48,599 51,101
Depreciation
As at 1 August 2022 773 11,178 11,951
Provided during the period 763 11,893 12,656
As at 31 July 2023 1,536 23,071 24,607
Net Book Value
As at 31 July 2023 966 25,528 26,494
As at 1 August 2022 1,495 23,082 24,577
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 356,642 248,096
Prepayments and accrued income 257,646 27,883
Other debtors 250,306 152,740
864,594 428,719
6. Current Asset Investments
2023 2022
£ £
Unlisted investments 55 55
55 55
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 45,196 61,306
Other loans 609,658 -
Other taxes and social security 6,414 -
VAT 115,088 104,904
Accruals and deferred income 956,344 465,548
Directors' loan accounts 474 312
1,733,174 632,070
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8. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 5,034 4,670
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 15 15
10. Dividends
No dividends were issued during the year.
11. Related Party Transactions
There is an amount owed to the company by Enroly PTY Ltd (a wholly owned subsidiary) at the year end of
£248,870 (2022: £151,785).
12. Ultimate Controlling Party Not Known
There is no ultimate controlling party as no individual shareholders holds more than 50% of the shares.
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