Acorah Software Products - Accounts Production 15.0.500 false true false 27 June 2024 8 May 2023 31 March 2024 31 March 2024 14853333 Mr Kieran Gill Mr Steven Wearne Mr Matthew Bennion Mr Paul Ruddick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14853333 2023-05-07 14853333 2024-03-31 14853333 2023-05-08 2024-03-31 14853333 frs-core:CurrentFinancialInstruments 2024-03-31 14853333 frs-core:MotorVehicles 2024-03-31 14853333 frs-core:MotorVehicles 2023-05-08 2024-03-31 14853333 frs-core:MotorVehicles 2023-05-07 14853333 frs-core:ShareCapital 2024-03-31 14853333 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14853333 frs-bus:PrivateLimitedCompanyLtd 2023-05-08 2024-03-31 14853333 frs-bus:FilletedAccounts 2023-05-08 2024-03-31 14853333 frs-bus:SmallEntities 2023-05-08 2024-03-31 14853333 frs-bus:Audited 2023-05-08 2024-03-31 14853333 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-08 2024-03-31 14853333 frs-bus:Director1 2023-05-08 2024-03-31 14853333 frs-bus:Director2 2023-05-08 2024-03-31 14853333 frs-bus:Director3 2023-05-08 2024-03-31 14853333 frs-bus:Director4 2023-05-08 2024-03-31 14853333 frs-countries:EnglandWales 2023-05-08 2024-03-31
Registered number: 14853333
Enlight10 Limited
Financial Statements
For the Period 8 May 2023 to 31 March 2024
Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 14853333
31 March 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 44,126
44,126
CURRENT ASSETS
Debtors 5 1,659,708
Cash at bank and in hand 228,078
1,887,786
Creditors: Amounts Falling Due Within One Year 6 (1,443,669 )
NET CURRENT ASSETS (LIABILITIES) 444,117
TOTAL ASSETS LESS CURRENT LIABILITIES 488,243
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,488 )
NET ASSETS 483,755
CAPITAL AND RESERVES
Called up share capital 7 200
Profit and Loss Account 483,555
SHAREHOLDERS' FUNDS 483,755
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 Steven Wearne
Director
27/06/2024
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Enlight10 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14853333 . The registered office is Studio 104 Metal Box Factory, 30 Great Guildford Street, London, SE1 0HS.
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. Turnover
Construction contracts
When the outcome of a construction contract can be estimated reliably, contract cost and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the value of work certified or according to the percentage of expected contract value completed.
Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred, and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.
When it is probable that the contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Small items of plant and equipment, including hand tools, with an expected useful economic life of less than one year are expensed as incurred. 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:
Motor Vehicles over 5 years
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the period was: 7
7
4. Tangible Assets
Motor Vehicles
£
Cost
As at 8 May 2023 -
Additions 46,790
As at 31 March 2024 46,790
Depreciation
As at 8 May 2023 -
Provided during the period 2,664
As at 31 March 2024 2,664
Net Book Value
As at 31 March 2024 44,126
As at 8 May 2023 -
5. Debtors
31 March 2024
£
Due within one year
Prepayments and accrued income 7,861
Other debtors 44,323
VAT 67,545
Other taxes and social security 54,061
Amounts owed by group undertakings 1,460,218
Amounts owed by related parties 25,700
1,659,708
6. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Trade creditors 773,511
Corporation tax 159,610
Other creditors 659
Accruals and deferred income 509,299
Directors' loan accounts 590
1,443,669
Page 3
Page 4
7. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 200
8. Ultimate Parent Undertaking
The ultimate parent undertaking and the smallest and largest group to consolidate these financial statements is REDS10 (UK) Limited. Copies of the REDS10 (UK) Limited consolidated financial statements can be obtained from the registered office of REDS10 (UK) Limited at 129 – 131 Metal Box Factory, 30 Great Guildford Street, Borough, London, England, SE1 0HS.
9. Audit Information
The auditors report on the account of Enlight10 Limited for the period ended 31 March 2024 was unqualified
The auditor's report was signed by Mr James Rylatt (Senior Statutory Auditor) for and on behalf of Jamieson Alexander Audit Limited , Statutory Auditor
Jamieson Alexander Audit Limited
Chartered Accountants
Unit B2, The Point, Weaver Road
Lincoln
LN6 3QN
Page 4