Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-06-01falseNo description of principal activity1612truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05117440 2023-06-01 2024-05-31 05117440 2022-06-01 2023-05-31 05117440 2024-05-31 05117440 2023-05-31 05117440 c:Director1 2023-06-01 2024-05-31 05117440 d:FurnitureFittings 2023-06-01 2024-05-31 05117440 d:FurnitureFittings 2024-05-31 05117440 d:FurnitureFittings 2023-05-31 05117440 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 05117440 d:OfficeEquipment 2023-06-01 2024-05-31 05117440 d:OfficeEquipment 2024-05-31 05117440 d:OfficeEquipment 2023-05-31 05117440 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 05117440 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 05117440 d:CurrentFinancialInstruments 2024-05-31 05117440 d:CurrentFinancialInstruments 2023-05-31 05117440 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 05117440 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 05117440 d:ShareCapital 2024-05-31 05117440 d:ShareCapital 2023-05-31 05117440 d:RetainedEarningsAccumulatedLosses 2024-05-31 05117440 d:RetainedEarningsAccumulatedLosses 2023-05-31 05117440 c:FRS102 2023-06-01 2024-05-31 05117440 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 05117440 c:FullAccounts 2023-06-01 2024-05-31 05117440 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05117440 2 2023-06-01 2024-05-31 05117440 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 05117440









ENABLE ADVISORS LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
ENABLE ADVISORS LIMITED
REGISTERED NUMBER: 05117440

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
47,049
52,081

  
47,049
52,081

Current assets
  

Debtors: amounts falling due within one year
 5 
121,367
78,541

Cash at bank and in hand
 6 
237,206
169,589

  
358,573
248,130

Creditors: amounts falling due within one year
 7 
(184,929)
(148,299)

Net current assets
  
 
 
173,644
 
 
99,831

Total assets less current liabilities
  
220,693
151,912

  

Net assets
  
220,693
151,912


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
220,593
151,812

  
220,693
151,912


Page 1

 
ENABLE ADVISORS LIMITED
REGISTERED NUMBER: 05117440
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

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.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

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




................................................
M Garcia
Director
Date: 9 October 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ENABLE ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Enable Advisors Limited is private company limited by shares. The company is incorporated in England and Wales and its trading address is 11 Gables Avenue, Borehamwood, Herts, WD6 4SP. The registered number is 05117440.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue 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 revenue 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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
ENABLE ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.6

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25% reducing balance
Office equipment
-
25% reducing balance

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.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
ENABLE ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2023 - 12).


4.


Tangible fixed assets





Fixtures & fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 June 2023
8,569
117,132
125,701


Additions
-
10,650
10,650



At 31 May 2024

8,569
127,782
136,351



Depreciation


At 1 June 2023
6,089
67,530
73,619


Charge for the year on owned assets
620
15,063
15,683



At 31 May 2024

6,709
82,593
89,302



Net book value



At 31 May 2024
1,860
45,189
47,049



At 31 May 2023
2,480
49,601
52,081

Page 5

 
ENABLE ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
73,397
65,688

Other debtors
16,325
3,438

Prepayments and accrued income
31,645
9,415

121,367
78,541



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
237,206
169,589

237,206
169,589



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
75,723
43,923

Corporation tax
40,292
30,555

Other taxation and social security
43,345
27,290

Other creditors
2,307
2,700

Accruals and deferred income
23,262
43,831

184,929
148,299


 
Page 6