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REGISTERED NUMBER: 05832106 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ENTERPRISE OPTICAL LIMITED

ENTERPRISE OPTICAL LIMITED (REGISTERED NUMBER: 05832106)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ENTERPRISE OPTICAL LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2024







DIRECTOR: Miss L J Bowron





REGISTERED OFFICE: 260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





REGISTERED NUMBER: 05832106 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

ENTERPRISE OPTICAL LIMITED (REGISTERED NUMBER: 05832106)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 304,362 309,601

CURRENT ASSETS
Stocks 29,610 31,023
Debtors 6 8,838 7,922
Cash at bank and in hand 50,211 20,040
88,659 58,985
CREDITORS
Amounts falling due within one year 7 97,024 94,877
NET CURRENT LIABILITIES (8,365 ) (35,892 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

295,997

273,709

CREDITORS
Amounts falling due after more than one
year

8

(141,203

)

(146,197

)

PROVISIONS FOR LIABILITIES (2,951 ) (3,851 )
NET ASSETS 151,843 123,661

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 151,743 123,561
SHAREHOLDERS' FUNDS 151,843 123,661

ENTERPRISE OPTICAL LIMITED (REGISTERED NUMBER: 05832106)

BALANCE SHEET - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 August 2024 and were signed by:





Miss L J Bowron - Director


ENTERPRISE OPTICAL LIMITED (REGISTERED NUMBER: 05832106)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024

1. STATUTORY INFORMATION

Enterprise Optical Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Freehold property-2% on cost
Plant and machinery-20% on cost
Fixtures and fittings-10% or 20% on cost
Computer equipment-33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial assets and liabilities, including trade and other debtors, bank balances, trade and other creditors are recognised at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


ENTERPRISE OPTICAL LIMITED (REGISTERED NUMBER: 05832106)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 298,790 66,997 117,425 10,065 493,277
DEPRECIATION
At 1 April 2023 11,952 44,799 116,860 10,065 183,676
Charge for year - 4,739 500 - 5,239
At 31 March 2024 11,952 49,538 117,360 10,065 188,915
NET BOOK VALUE
At 31 March 2024 286,838 17,459 65 - 304,362
At 31 March 2023 286,838 22,198 565 - 309,601

ENTERPRISE OPTICAL LIMITED (REGISTERED NUMBER: 05832106)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 25,959
DEPRECIATION
At 1 April 2023 4,759
Charge for year 4,240
At 31 March 2024 8,999
NET BOOK VALUE
At 31 March 2024 16,960
At 31 March 2023 21,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,373 3,549
Other debtors 5,465 4,373
8,838 7,922

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,936 11,652
Hire purchase contracts (see note 9) 2,291 13,743
Trade creditors 28,420 24,767
Taxation and social security 25,476 8,732
Other creditors 30,901 35,983
97,024 94,877

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 141,203 143,906
Hire purchase contracts (see note 9) - 2,291
141,203 146,197

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 95,950 93,263

ENTERPRISE OPTICAL LIMITED (REGISTERED NUMBER: 05832106)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 2,291 13,743
Between one and five years - 2,291
2,291 16,034

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 151,139 155,558
Hire purchase contracts 2,291 16,034
153,430 171,592

The company has a bank loan of £151,139 (2023 - £155,558) secured against the freehold property. Hire purchase liabilities and other bank loans are secured on the assets to which they relate

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100