Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true8falsefalseNo description of principal activity2023-01-017 05326363 2023-01-01 2023-12-31 05326363 2022-01-01 2022-12-31 05326363 2023-12-31 05326363 2022-12-31 05326363 c:Director1 2023-01-01 2023-12-31 05326363 d:FurnitureFittings 2023-01-01 2023-12-31 05326363 d:ComputerEquipment 2023-01-01 2023-12-31 05326363 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05326363 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05326363 d:ShareCapital 2023-12-31 05326363 d:ShareCapital 2022-12-31 05326363 d:SharePremium 2023-12-31 05326363 d:SharePremium 2022-12-31 05326363 d:RetainedEarningsAccumulatedLosses 2023-12-31 05326363 d:RetainedEarningsAccumulatedLosses 2022-12-31 05326363 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05326363 c:FullAccounts 2023-01-01 2023-12-31 05326363 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05326363 c:Micro-entities 2023-01-01 2023-12-31 05326363 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 05326363









ENITIATIVE.BIZ LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ENITIATIVE.BIZ LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 5


 
ENITIATIVE.BIZ LIMITED
REGISTERED NUMBER: 05326363

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible Assets
  
39,338
-

Tangible assets
  
8,606
5,696

Investments
  
5
5

  
47,949
5,701

Current assets
  

Debtors
  
4,989,756
2,671,328

Bank & cash balances
  
514,478
624,008

  
5,504,234
3,295,336

Creditors: amounts falling due within one year
  
(5,275,709)
(3,044,461)

Net current assets
  
 
 
228,525
 
 
250,875

Total assets less current liabilities
  
276,474
256,576

  

Net assets
  
276,474
256,576


Capital and reserves
  

Called up share capital 
  
17,066
17,066

Share premium account
  
676,210
676,210

Profit and loss account
  
(416,802)
(436,700)

  
276,474
256,576



The directors consider 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.

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

Page 1

 
ENITIATIVE.BIZ LIMITED
REGISTERED NUMBER: 05326363
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
T Virden
Director

Date: 14 August 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
ENITIATIVE.BIZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Enitiative.biz Limited is a private company, limited by shares, registered in England and Wales. The address of the company's registered office is Ground Floor, 45 Pall Mall, London, SW1Y 5JG.
The company’s principal activities during the year under review consisted of earning commissions from chartering third-party boats, yachts, and related services through its website


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 Financial Reporting Standard 105 the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the company continues to adopt the going concern basis in preparing its financial statements.

 
2.3

Revenue

Turnover comprises revenue recognised by the company in respect of commission earned by chartering of boats, yachts, and related services, it also comprises management services provided to subsidiary companies.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
ENITIATIVE.BIZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25%
straight-line
Computer equipment
-
33%
straight-line

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.

 
2.6

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 4

 
ENITIATIVE.BIZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

2023
2022
£
£

Wages and salaries
860,176
614,943

Social security costs
101,882
74,185

Cost of defined contribution scheme
11,368
8,585

973,426
697,713


The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Admin
8
7

 
Page 5