IRIS Accounts Production v24.3.2.46 08181759 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081817592023-08-31081817592024-08-31081817592023-09-012024-08-31081817592022-08-31081817592022-09-012023-08-31081817592023-08-3108181759ns15:EnglandWales2023-09-012024-08-3108181759ns14:PoundSterling2023-09-012024-08-3108181759ns10:Director12023-09-012024-08-3108181759ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3108181759ns10:SmallEntities2023-09-012024-08-3108181759ns10:AuditExemptWithAccountantsReport2023-09-012024-08-3108181759ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3108181759ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3108181759ns10:FullAccounts2023-09-012024-08-3108181759ns10:Director22023-09-012024-08-3108181759ns10:RegisteredOffice2023-09-012024-08-3108181759ns5:CurrentFinancialInstruments2024-08-3108181759ns5:CurrentFinancialInstruments2023-08-3108181759ns5:ShareCapital2024-08-3108181759ns5:ShareCapital2023-08-3108181759ns5:SharePremium2024-08-3108181759ns5:SharePremium2023-08-3108181759ns5:FurtherSpecificReserve1ComponentTotalEquity2024-08-3108181759ns5:FurtherSpecificReserve1ComponentTotalEquity2023-08-3108181759ns5:RetainedEarningsAccumulatedLosses2024-08-3108181759ns5:RetainedEarningsAccumulatedLosses2023-08-3108181759ns5:ComputerEquipment2023-09-012024-08-3108181759ns5:ComputerEquipment2023-08-3108181759ns5:ComputerEquipment2024-08-3108181759ns5:ComputerEquipment2023-08-3108181759ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3108181759ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3108181759ns10:Director222023-08-3108181759ns10:Director222022-08-3108181759ns10:Director222023-09-012024-08-3108181759ns10:Director222022-09-012023-08-3108181759ns10:Director222024-08-3108181759ns10:Director222023-08-31081817591ns10:Director12023-08-31081817591ns10:Director12022-08-31081817591ns10:Director12023-09-012024-08-31081817591ns10:Director12022-09-012023-08-31081817591ns10:Director12024-08-31081817591ns10:Director12023-08-31
















Enclave Networks Limited

Financial Statements for the Year Ended 31 August 2024






Enclave Networks Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: D Notley
M E Barry





REGISTERED OFFICE: Excalibur House
Priory Drive
Langstone
Newport
NP18 2HJ





REGISTERED NUMBER: 08181759 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Enclave Networks Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Enclave Networks Limited for the year ended 31 August 2024 which comprise the Profit & Loss Account, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Enclave Networks Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Enclave Networks Limited and state those matters that we have agreed to state to the Board of Directors of Enclave Networks Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Enclave Networks Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Enclave Networks 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 Enclave Networks Limited. You consider that Enclave Networks 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 Enclave Networks 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.






BPU Limited
Chartered Accountants


12 February 2025

Enclave Networks Limited (Registered number: 08181759)

Balance Sheet
31 August 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 3 3,735 4,668

CURRENT ASSETS
Debtors 4 187,016 174,382
Cash at bank 49,518 2,615
236,534 176,997
CREDITORS
Amounts falling due within one year 5 143,309 134,832
NET CURRENT ASSETS 93,225 42,165
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,960

46,833

CAPITAL AND RESERVES
Called up share capital 7,066 6,739
Share premium 1,057,669 669,996
ASA Reserve 505,000 843,000
Retained earnings (1,472,775 ) (1,472,902 )
96,960 46,833

Enclave Networks Limited (Registered number: 08181759)

Balance Sheet - continued
31 August 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

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

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 February 2025 and were signed on its behalf by:





D Notley - Director


Enclave Networks Limited (Registered number: 08181759)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 6 ) .

Enclave Networks Limited (Registered number: 08181759)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


3. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 September 2023
and 31 August 2024 7,550
DEPRECIATION
At 1 September 2023 2,882
Charge for year 933
At 31 August 2024 3,815
NET BOOK VALUE
At 31 August 2024 3,735
At 31 August 2023 4,668

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed by group undertakings - 21,297
Other debtors & prepayments 187,016 153,085
187,016 174,382

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 16,541 33,062
Amounts owed to group undertakings 7,301 -
Taxes & social security costs 88,354 70,359
Other creditors & accruals 31,113 31,411
143,309 134,832

Enclave Networks Limited (Registered number: 08181759)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£ £
M E Barry
Balance outstanding at start of year 54,305 56,992
Amounts advanced 3,027 -
Amounts repaid (10,789 ) (2,687 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 46,543 54,305

D Notley
Balance outstanding at start of year 57,205 60,000
Amounts advanced 2,795 -
Amounts repaid (4,207 ) (2,795 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 55,793 57,205

7. ASA RESERVE

The ASA reserve of £505,000 is made up of funds receivable under an Advance Subscription Agreement ("ASA"). Under the ASA the funds receivable will be converted to share capital in the company at a future date.The funds receivable are not repayable to the subscribers under the ASA except in the event of a liquidation of the company before the conversion to share capital takes place. For this reason the £505,000 has been credited to an ASA reserve in the accounts.