Company Registration No. 14837294 (England and Wales)
Enitan Limited
Unaudited accounts
for the year ended 31 May 2024
Enitan Limited
Unaudited accounts
Contents
Enitan Limited
Company Information
for the year ended 31 May 2024
Director
COLE, Olayinka Enitan, Dr
Company Number
14837294 (England and Wales)
Registered Office
Ease A A 54
The Base Point Dartford Business Park
Victoria Road
Dartford
Kent
DA1 5FS
United Kingdom
Accountants
Ease Accounting Associates UK Limited
Chartered Accountants
Base Point Dartford Business Park
54 Victoria Road
DARTFORD
Kent
DA1 5FS
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Enitan Limited for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Enitan Limited for the year ended
31 May 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Enitan Limited, as a body, in accordance with the terms of our engagement letter dated 15 May 2024. Our work has been undertaken solely to prepare for your approval the accounts of Enitan Limited and state those matters that we have agreed to state to the Board of Directors of Enitan Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Enitan Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Enitan Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Enitan Limited. You consider that Enitan 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 accounts of Enitan 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 accounts.
Ease Accounting Associates UK Limited
Chartered Accountants
Chartered Accountants
Base Point Dartford Business Park
54 Victoria Road
DARTFORD
Kent
DA1 5FS
23 January 2025
Enitan Limited
Statement of financial position
as at 31 May 2024
Investment property
82,723
Cash at bank and in hand
1,188
Creditors: amounts falling due within one year
(32,819)
Net current liabilities
(31,631)
Total assets less current liabilities
51,092
Creditors: amounts falling due after more than one year
(60,255)
Called up share capital
100
Profit and loss account
(9,263)
Shareholders' funds
(9,163)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 January 2025 and were signed on its behalf by
COLE, Olayinka Enitan, Dr
Director
Company Registration No. 14837294
Enitan Limited
Notes to the Accounts
for the year ended 31 May 2024
Enitan Limited is a private company, limited by shares, registered in England and Wales, registration number 14837294. The registered office is Ease A A 54, The Base Point Dartford Business Park, Victoria Road, Dartford, Kent, DA1 5FS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Enitan Limited
Notes to the Accounts
for the year ended 31 May 2024
The financial statements have been prepared on a going concern basis, notwithstanding that the company’s shareholder funds show a negative balance as at the reporting date.
The directors have assessed the financial position of the company and have prepared a cash flow forecast for at least the next 12 months from the date of approval of these financial statements. Based on this assessment, the directors are confident that the company has adequate resources to continue its operations and meet its liabilities as they fall due.
Key considerations include:
• Support from Creditors:
The directors have obtained assurances from key creditors that payment terms will remain favorable to support the company’s liquidity position.
• Profitability and Cash Flow:
The company is expected to generate sufficient cash flow from operations to cover its ongoing obligations.
• Director Support:
The directors are committed to providing financial support to the company, if necessary, to ensure it continues as a going concern.
• Access to Financing:
The company has access to additional financing facilities, which remain undrawn at the reporting date.
The directors have no intention to liquidate the company or to cease trading. Consequently, they believe it is appropriate to prepare the financial statements on a going concern basis.
5
Creditors: amounts falling due within one year
2024
Loans from directors
32,434
6
Creditors: amounts falling due after more than one year
2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
Enitan Limited
Notes to the Accounts
for the year ended 31 May 2024
8
Average number of employees
During the year the average number of employees was 0.