BrightAccountsProduction v1.0.0 v1.0.0 2023-02-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is to create and collaborate on award winning animation, VFX and digital projects for advertising, games, film and television. 25 October 2024 1 2 NI628546 2024-01-31 NI628546 2023-01-31 NI628546 2022-01-31 NI628546 2023-02-01 2024-01-31 NI628546 2022-02-01 2023-01-31 NI628546 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 NI628546 uk-curr:PoundSterling 2023-02-01 2024-01-31 NI628546 uk-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 NI628546 uk-bus:FullAccounts 2023-02-01 2024-01-31 NI628546 uk-core:ShareCapital 2024-01-31 NI628546 uk-core:ShareCapital 2023-01-31 NI628546 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 NI628546 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 NI628546 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-01-31 NI628546 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-01-31 NI628546 uk-bus:FRS102 2023-02-01 2024-01-31 NI628546 uk-core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 NI628546 uk-core:MotorVehicles 2023-02-01 2024-01-31 NI628546 uk-core:CurrentFinancialInstruments 2024-01-31 NI628546 uk-core:CurrentFinancialInstruments 2023-01-31 NI628546 uk-core:WithinOneYear 2024-01-31 NI628546 uk-core:WithinOneYear 2023-01-31 NI628546 uk-core:WithinOneYear 2024-01-31 NI628546 uk-core:WithinOneYear 2023-01-31 NI628546 uk-core:BetweenOneTwoYears 2024-01-31 NI628546 uk-core:BetweenOneTwoYears 2023-01-31 NI628546 uk-core:BetweenTwoFiveYears 2024-01-31 NI628546 uk-core:BetweenTwoFiveYears 2023-01-31 NI628546 2023-02-01 2024-01-31 NI628546 uk-bus:Director1 2023-02-01 2024-01-31 NI628546 uk-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI628546
 
 
Enter Yes Ltd
 
Unaudited Financial Statements
 
for the financial year ended 31 January 2024
Enter Yes Ltd
Company Registration Number: NI628546
BALANCE SHEET
as at 31 January 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 19,452 38,509
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Current Assets
Debtors 5 31,364 30,072
Cash at bank and in hand 36,451 116,523
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67,815 146,595
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Creditors: amounts falling due within one year 6 (41,588) (90,252)
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Net Current Assets 26,227 56,343
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Total Assets less Current Liabilities 45,679 94,852
 
Creditors:
amounts falling due after more than one year 7 (10,063) (22,651)
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Net Assets 35,616 72,201
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Capital and Reserves
Called up share capital 1 1
Retained earnings 35,615 72,200
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Shareholders' Funds 35,616 72,201
═════════ ═════════
 
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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 25 October 2024
           
           
________________________________          
Mr. Kris Kelly          
Director          
           



Enter Yes Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 January 2024

   
1. General Information
 
Enter Yes Ltd is a company limited by shares incorporated in Northern Ireland. 25 Donegall Street, Belfast, BT1 2FF is the registered office, which is also the principal place of business of the company . The principal activity of the company is to create and collaborate on award winning animation, VFX and digital projects for advertising, games, film and television. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 January 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 33% Straight line
  Motor vehicles - 25% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was:
 
  2024 2023
  Number Number
 
Employees 1 2
  ═════════ ═════════
         
4. Tangible assets
  Fixtures, Motor Total
  fittings and vehicles  
  equipment    
  £ £ £
Cost
At 1 February 2023 34,629 34,075 68,704
  ───────── ───────── ─────────
 
At 31 January 2024 34,629 34,075 68,704
  ───────── ───────── ─────────
Depreciation
At 1 February 2023 18,584 11,611 30,195
Charge for the financial year 8,276 10,781 19,057
  ───────── ───────── ─────────
At 31 January 2024 26,860 22,392 49,252
  ───────── ───────── ─────────
Net book value
At 31 January 2024 7,769 11,683 19,452
  ═════════ ═════════ ═════════
At 31 January 2023 16,045 22,464 38,509
  ═════════ ═════════ ═════════
       
5. Debtors 2024 2023
  £ £
 
Trade debtors 15,040 3,800
Director's current account (Note ) 13,324 23,272
Prepayments and accrued income 3,000 3,000
  ───────── ─────────
  31,364 30,072
  ═════════ ═════════
       
6. Creditors 2024 2023
Amounts falling due within one year £ £
 
Loan - Ulster Bank 13,716 10,649
Trade creditors 4,650 7,353
Taxation  (Note 8) 12,418 31,656
Other creditors 6,394 6,394
Accruals and deferred income 4,410 34,200
  ───────── ─────────
  41,588 90,252
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Loan - Ulster Bank 10,063 22,651
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 6) 13,716 10,649
Repayable between one and two years 9,770 14,650
Repayable between two and five years 293 8,001
  ───────── ─────────
  23,779 33,300
  ═════════ ═════════
 
       
8. Taxation 2024 2023
  £ £
 
Creditors:
VAT 7,976 26,214
Corporation tax 4,442 5,442
  ───────── ─────────
  12,418 31,656
  ═════════ ═════════
       
9. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 January 2024.