1 January 2023 false Taxfiler 2024.1 7053582business:PrivateLimitedCompanyLtd2023-01-012023-12-31 70535822022-12-31 70535822023-01-012023-12-31 7053582business:AuditExemptWithAccountantsReport2023-01-012023-12-31 7053582business:FilletedAccounts2023-01-012023-12-31 70535822023-12-31 7053582business:Director12023-01-012023-12-31 7053582business:Director22023-01-012023-12-31 7053582business:RegisteredOffice2023-01-012023-12-31 70535822022-12-31 7053582core:WithinOneYear2023-12-31 7053582core:WithinOneYear2022-12-31 7053582core:AfterOneYear2023-12-31 7053582core:AfterOneYear2022-12-31 7053582core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 7053582core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 7053582core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 7053582core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 7053582core:PreviouslyStatedAmount2023-12-31 7053582core:PreviouslyStatedAmount2022-12-31 7053582business:SmallEntities2023-01-012023-12-31 7053582countries:EnglandWales2023-01-012023-12-31 7053582core:ComputerEquipment2023-01-012023-12-31 7053582core:ComputerEquipment2022-12-31 7053582core:ComputerEquipment2023-12-31 7053582core:AdditionsToInvestments2023-12-31 7053582business:OrdinaryShareClass12023-01-012023-12-31 7053582business:OrdinaryShareClass12022-01-012022-12-31 70535822022-01-012022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 7053582 (England and Wales)
Enganche 10 Limited Unaudited accounts for the year ended 31 December 2023
Enganche 10 Limited Unaudited accounts Contents
Page
- 2 -
Enganche 10 Limited Company Information for the year ended 31 December 2023
Directors
P M Davy T H M Davy
Company Number
7053582 (England and Wales)
Registered Office
1 West Street Lewes East Sussex BN7 2NZ
Accountants
Maxwell-Gumbleton & Co. 1 West Street Lewes East Sussex BN7 2NZ
- 3 -
Enganche 10 Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
273 
543 
Investments
100 
- 
373 
543 
Current assets
Debtors
- 
36,435 
Cash at bank and in hand
74,879 
31,961 
74,879 
68,396 
Creditors: amounts falling due within one year
(20,905)
(24,986)
Net current assets
53,974 
43,410 
Total assets less current liabilities
54,347 
43,953 
Creditors: amounts falling due after more than one year
(2,557)
(4,350)
Net assets
51,790 
39,603 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
51,690 
39,503 
Shareholders' funds
51,790 
39,603 
For the year ending 31 December 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2024 and were signed on its behalf by
P M Davy Director Company Registration No. 7053582
- 4 -
Enganche 10 Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Enganche 10 Limited is a private company, limited by shares, registered in England and Wales, registration number 7053582. The registered office is 1 West Street, Lewes, East Sussex, BN7 2NZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% straight line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
- 5 -
Enganche 10 Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
2,910 
At 31 December 2023
2,910 
Depreciation
At 1 January 2023
2,367 
Charge for the year
270 
At 31 December 2023
2,637 
Net book value
At 31 December 2023
273 
At 31 December 2022
543 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2023
- 
Additions
100 
Valuation at 31 December 2023
100 
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows: E10 Luxury Sport 7 Travel Ltd (registered office 1 West Street, Lewes, BN7 2NZ) - 100% of the voting rights and share capital held
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
25,800 
Accrued income and prepayments
- 
8,720 
Other debtors
- 
1,915 
- 
36,435 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,800 
1,800 
VAT
4,447 
- 
Trade creditors
549 
504 
Taxes and social security
9,542 
16,849 
Other creditors
2,188 
2,188 
Loans from directors
1,554 
2,820 
Accruals
825 
825 
20,905 
24,986 
- 6 -
Enganche 10 Limited Notes to the Accounts for the year ended 31 December 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
2,557 
4,350 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 7 -