Engaged Ltd 09423201 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of website and graphic design. Digita Accounts Production Advanced 6.30.9574.0 true true 09423201 2023-01-01 2023-12-31 09423201 2023-12-31 09423201 core:CurrentFinancialInstruments 2023-12-31 09423201 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09423201 core:FurnitureFittingsToolsEquipment 2023-12-31 09423201 bus:SmallEntities 2023-01-01 2023-12-31 09423201 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09423201 bus:FullAccounts 2023-01-01 2023-12-31 09423201 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09423201 bus:RegisteredOffice 2023-01-01 2023-12-31 09423201 bus:Director1 2023-01-01 2023-12-31 09423201 bus:Director2 2023-01-01 2023-12-31 09423201 bus:Director4 2023-01-01 2023-12-31 09423201 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09423201 core:ComputerEquipment 2023-01-01 2023-12-31 09423201 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 09423201 countries:AllCountries 2023-01-01 2023-12-31 09423201 2022-12-31 09423201 core:FurnitureFittingsToolsEquipment 2022-12-31 09423201 2022-01-01 2022-12-31 09423201 2022-12-31 09423201 core:CurrentFinancialInstruments 2022-12-31 09423201 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 09423201 core:FurnitureFittingsToolsEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 09423201

Engaged Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

image-name
 

Engaged Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Engaged Ltd

Company Information

Directors

Mr B M Ward

Mr JL Lycett

Miss NAH Sokolowski

Registered office

22 St John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ

Accountants

Michael J Emery & Co Limited
Chartered Accountants
22 St John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ

 

Engaged Ltd

(Registration number: 09423201)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,248

2,023

Investments

5

4

4

 

1,252

2,027

Current assets

 

Debtors

6

122,117

83,791

Cash at bank and in hand

 

2,300

1,236

 

124,417

85,027

Creditors: Amounts falling due within one year

7

(205,721)

(233,108)

Net current liabilities

 

(81,304)

(148,081)

Net liabilities

 

(80,052)

(146,054)

Capital and reserves

 

Called up share capital

12

12

Retained earnings

(80,064)

(146,066)

Shareholders' deficit

 

(80,052)

(146,054)

 

Engaged Ltd

(Registration number: 09423201)
Balance Sheet as at 31 December 2023

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 19 September 2024 and signed on its behalf by:
 

.........................................
Miss NAH Sokolowski
Director

 

Engaged Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales, 09423201.

The address of its registered office is:
22 St John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ
England

These financial statements were authorised for issue by the Board on 19 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Engaged Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% on cost

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Engaged Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company during the year, including directors, was 7 (2022 - 8).

 

Engaged Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

12,998

12,998

At 31 December 2023

12,998

12,998

Depreciation

At 1 January 2023

10,975

10,975

Charge for the year

775

775

At 31 December 2023

11,750

11,750

Carrying amount

At 31 December 2023

1,248

1,248

At 31 December 2022

2,023

2,023

5

Investments

2023
£

2022
£

Investments in subsidiaries

4

4

6

Debtors

Current

2023
£

2022
£

Trade debtors

-

984

Prepayments

2,154

1,952

Other debtors

119,963

80,855

 

122,117

83,791

 

Engaged Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

1,434

2,247

Directors' loan account

145,559

161,328

VAT Control account

 

24,598

11,348

PAYE and NIC creditor

 

2,531

3,933

Accruals

 

1,599

1,543

Other creditors

 

30,000

52,709

 

205,721

233,108