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01/05/2023
30/04/2024
2024-04-30
false
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true
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false
No description of principal activities is disclosed
2023-05-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
SC380506
2023-05-01
2024-04-30
SC380506
2024-04-30
SC380506
2023-04-30
SC380506
2022-05-01
2023-04-30
SC380506
2023-04-30
SC380506
2022-04-30
SC380506
core:FurnitureFittingsToolsEquipment
2023-05-01
2024-04-30
SC380506
core:OnerousContractsExcludingVacantProperties
2023-05-01
2024-04-30
SC380506
bus:RegisteredOffice
2023-05-01
2024-04-30
SC380506
bus:LeadAgentIfApplicable
2023-05-01
2024-04-30
SC380506
bus:Director3
2023-05-01
2024-04-30
SC380506
bus:Director5
2023-05-01
2024-04-30
SC380506
bus:Director6
2023-05-01
2024-04-30
SC380506
bus:Director7
2023-05-01
2024-04-30
SC380506
bus:Director8
2023-05-01
2024-04-30
SC380506
bus:Director9
2023-05-01
2024-04-30
SC380506
core:FurnitureFittingsToolsEquipment
2023-04-30
SC380506
core:FurnitureFittingsToolsEquipment
2024-04-30
SC380506
core:DeferredTaxation
2023-05-01
2024-04-30
SC380506
core:WithinOneYear
2024-04-30
SC380506
core:WithinOneYear
2023-04-30
SC380506
core:AfterOneYear
2024-04-30
SC380506
core:AfterOneYear
2023-04-30
SC380506
core:ShareCapital
2022-05-01
2023-04-30
SC380506
core:CapitalRedemptionReserve
2022-05-01
2023-04-30
SC380506
core:RetainedEarningsAccumulatedLosses
2022-05-01
2023-04-30
SC380506
core:ShareCapital
2023-05-01
2024-04-30
SC380506
core:CapitalRedemptionReserve
2023-05-01
2024-04-30
SC380506
core:RetainedEarningsAccumulatedLosses
2023-05-01
2024-04-30
SC380506
core:ShareCapital
2024-04-30
SC380506
core:ShareCapital
2023-04-30
SC380506
core:CapitalRedemptionReserve
2024-04-30
SC380506
core:CapitalRedemptionReserve
2023-04-30
SC380506
core:RetainedEarningsAccumulatedLosses
2024-04-30
SC380506
core:RetainedEarningsAccumulatedLosses
2023-04-30
SC380506
core:ShareCapital
2022-04-30
SC380506
core:CapitalRedemptionReserve
2022-04-30
SC380506
core:RetainedEarningsAccumulatedLosses
2022-04-30
SC380506
core:PreviouslyStatedAmount
core:ShareCapital
2024-04-30
SC380506
core:CostValuation
core:Non-currentFinancialInstruments
2024-04-30
SC380506
core:Non-currentFinancialInstruments
2024-04-30
SC380506
core:Non-currentFinancialInstruments
2023-04-30
SC380506
core:AcceleratedTaxDepreciationDeferredTax
2023-04-30
SC380506
core:FurnitureFittingsToolsEquipment
2023-04-30
SC380506
core:DeferredTaxation
2023-04-30
SC380506
core:DeferredTaxation
2024-04-30
SC380506
bus:SmallEntities
2023-05-01
2024-04-30
SC380506
bus:AuditExemptWithAccountantsReport
2023-05-01
2024-04-30
SC380506
bus:SmallCompaniesRegimeForAccounts
2023-05-01
2024-04-30
SC380506
bus:PrivateLimitedCompanyLtd
2023-05-01
2024-04-30
SC380506
bus:FullAccounts
2023-05-01
2024-04-30
SC380506
core:LeaseholdImprovements
2023-05-01
2024-04-30
SC380506
core:LeaseholdImprovements
2023-04-30
SC380506
core:LeaseholdImprovements
2024-04-30
Company registration number:
SC380506
Ennova Limited
Unaudited filleted financial statements
30 April 2024
Ennova Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Ennova Limited
Directors and other information
|
|
|
|
|
Directors |
|
|
|
|
Mr J.M.M. Cumming |
|
|
|
Mrs K.E. Ramsey |
(Resigned 31 May 2024) |
|
|
Mr K.M. Dunlop |
|
|
|
Mr F. Morrison |
|
|
|
Mr R.W.L. Hardie |
|
|
|
Mrs E.L. Forrester |
(Appointed 1 May 2023) |
|
|
|
|
|
|
|
|
|
Company number |
SC380506 |
|
|
|
|
|
|
|
|
|
|
Registered office |
26 George Square |
|
|
|
Edinburgh |
|
|
|
EH8 9LD |
|
|
|
|
|
|
|
|
|
|
Accountants |
McDonald Gordon & Co Ltd |
|
|
|
29 York Place |
|
|
|
Edinburgh |
|
|
|
EH1 3HP |
|
|
|
|
|
Ennova Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Ennova Limited
Year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ennova Limited for the year ended 30 April 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Ennova Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Ennova Limited and state those matters that we have agreed to state to the board of directors of Ennova Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ennova Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Ennova Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ennova Limited. You consider that Ennova Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Ennova Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
McDonald Gordon & Co Ltd
Chartered Certified Accountants
29 York Place
Edinburgh
EH1 3HP
27 January 2025
Ennova Limited
Statement of financial position
30 April 2024
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
5 |
52,441 |
|
|
|
56,348 |
|
|
Investments |
|
6 |
97 |
|
|
|
97 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
52,538 |
|
|
|
56,445 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
40,000 |
|
|
|
40,000 |
|
|
Debtors |
|
7 |
328,447 |
|
|
|
295,372 |
|
|
Cash at bank and in hand |
|
|
2,284,528 |
|
|
|
985,873 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
2,652,975 |
|
|
|
1,321,245 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
8 |
(
2,103,489) |
|
|
|
(
845,479) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
549,486 |
|
|
|
475,766 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
602,024 |
|
|
|
532,211 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
9 |
|
|
(
12,184) |
|
|
|
(
22,399) |
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
10 |
|
|
(
13,111) |
|
|
|
(
14,086) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
576,729 |
|
|
|
495,726 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
145,303 |
|
|
|
128,720 |
Capital redemption reserve |
|
|
|
|
69,697 |
|
|
|
61,280 |
Profit and loss account |
|
|
|
|
361,729 |
|
|
|
305,726 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
576,729 |
|
|
|
495,726 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 30 April 2024 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
27 January 2025
, and are signed on behalf of the board by:
Mr J.M.M. Cumming
Director
Company registration number:
SC380506
Ennova Limited
Statement of changes in equity
Year ended 30 April 2024
|
|
Called up share capital |
|
Capital redemption reserve |
|
Profit and loss account |
Total |
|
|
|
|
|
£ |
|
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 May 2022 |
|
112,138 |
|
52,862 |
|
424,714 |
589,714 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
|
|
457,257 |
457,257 |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
Total comprehensive income for the year |
|
- |
|
- |
|
457,257 |
457,257 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issue of shares |
|
25,000 |
|
|
|
|
25,000 |
|
|
|
Dividends paid and payable |
|
|
|
|
|
(
550,992) |
(
550,992) |
|
|
|
Cancellation of subscribed capital |
|
(
8,418) |
|
8,418 |
|
- |
- |
|
|
|
Redemption of shares |
|
- |
|
- |
|
(
25,253) |
(
25,253) |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
Total investments by and distributions to owners |
|
16,582 |
|
8,418 |
|
(
576,245) |
(
551,245) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
At 30 April 2023 and 1 May 2023 |
|
128,720 |
|
61,280 |
|
305,726 |
495,726 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
|
|
540,595 |
540,595 |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
Total comprehensive income for the year |
|
- |
|
- |
|
540,595 |
540,595 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issue of shares |
|
25,000 |
|
|
|
|
25,000 |
|
|
|
Dividends paid and payable |
|
|
|
|
|
(
484,592) |
(
484,592) |
|
|
|
Cancellation of subscribed capital |
|
(
8,417) |
|
8,417 |
|
- |
- |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
Total investments by and distributions to owners |
|
16,583 |
|
8,417 |
|
(
484,592) |
(
459,592) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
At 30 April 2024 |
|
145,303 |
|
69,697 |
|
361,729 |
576,729 |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ennova Limited
Notes to the financial statements
Year ended 30 April 2024
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Ennova Limited, 26 George Square, Edinburgh, EH8 9LD.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.Revenue from the the provision of services is recognised when the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Research and development
Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Fittings fixtures and equipment |
- |
20 % |
reducing balance |
|
Leasehold Improvements |
- |
10 % |
straight line |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Work In Progress
Work in progress is recognised when the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
28
(2023:
24
).
5.
Tangible assets
|
|
Fixtures, fittings and equipment |
Leasehold improvements |
Total |
|
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 May 2023 |
112,206 |
8,316 |
120,522 |
|
|
|
|
|
Additions |
9,416 |
- |
9,416 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 30 April 2024 |
121,622 |
8,316 |
129,938 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 May 2023 |
59,185 |
4,990 |
64,175 |
|
|
|
|
|
Charge for the year |
12,490 |
832 |
13,322 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 30 April 2024 |
71,675 |
5,822 |
77,497 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 30 April 2024 |
49,947 |
2,494 |
52,441 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 30 April 2023 |
53,021 |
3,326 |
56,347
|
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.
Investments
|
|
Shares in group undertakings and participating interests |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 May 2023 and 30 April 2024 |
97 |
97 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Impairment |
|
|
|
|
|
|
|
At 1 May 2023 and 30 April 2024 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 30 April 2024 |
97 |
97 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 30 April 2023 |
97 |
97 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
7.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade debtors |
|
271,473 |
247,905 |
|
Other debtors |
|
56,974 |
47,467 |
|
|
|
_______ |
_______ |
|
|
|
328,447 |
295,372 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
35,730 |
15,346 |
|
Trade creditors |
|
5,922 |
4,777 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
97 |
97 |
|
Corporation tax |
|
190,279 |
120,605 |
|
Social security and other taxes |
|
154,098 |
133,236 |
|
Other creditors |
|
1,717,363 |
571,418 |
|
|
|
_______ |
_______ |
|
|
|
2,103,489 |
845,479 |
|
|
|
_______ |
_______ |
|
|
|
|
|
Included in Other creditors is a sum due to clients of £1,607,715 (2023: £462,310) which is exceeded by sums held in a designated clients' bank account. At the balance sheet date the clients' bank account held funds of £1,641,035 (2023: £512,402) on behalf of third parties.
9.
Creditors: amounts falling due after more than one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
12,184 |
22,399 |
|
|
|
_______ |
_______ |
|
|
|
|
|
10.
Provisions
|
|
Deferred tax (note 11) |
Total |
|
|
|
|
|
£ |
£ |
|
|
|
|
At 1 May 2023 |
14,086 |
14,086 |
|
|
|
|
Additions |
(
975) |
(
975) |
|
|
|
|
|
_______ |
_______ |
|
|
|
|
At 30 April 2024 |
13,111 |
13,111 |
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
11.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Included in provisions (note 10) |
|
13,111 |
14,086 |
|
|
|
_______ |
_______ |
|
|
|
|
|
The deferred tax account consists of the tax effect of timing differences in respect of:
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Accelerated capital allowances |
|
- |
14,086 |
|
|
|
_______ |
_______ |
|
|
|
|
|