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REGISTERED NUMBER: 05876374 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

ENLIGHTENED FINANCE LIMITED

ENLIGHTENED FINANCE LIMITED (REGISTERED NUMBER: 05876374)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ENLIGHTENED FINANCE LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTOR: G J Brown





SECRETARY: G J Brown





REGISTERED OFFICE: Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP





REGISTERED NUMBER: 05876374 (England and Wales)





ACCOUNTANTS: Hillier Hopkins Accountants Limited
Trading as Colin Gray & Co
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

ENLIGHTENED FINANCE LIMITED (REGISTERED NUMBER: 05876374)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,448 1,930

CURRENT ASSETS
Debtors 5 31,400 16,181
Cash at bank 190,927 208,440
222,327 224,621
CREDITORS
Amounts falling due within one year 6 110,786 106,428
NET CURRENT ASSETS 111,541 118,193
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,989

120,123

CREDITORS
Amounts falling due after more than one
year

7

22,400

22,400
NET ASSETS 90,589 97,723

CAPITAL AND RESERVES
Called up share capital 106 106
Retained earnings 90,483 97,617
SHAREHOLDERS' FUNDS 90,589 97,723

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

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

The director acknowledges his 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.

ENLIGHTENED FINANCE LIMITED (REGISTERED NUMBER: 05876374)

BALANCE SHEET - continued
31 July 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 February 2025 and were signed by:





G J Brown - Director


ENLIGHTENED FINANCE LIMITED (REGISTERED NUMBER: 05876374)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Enlightened Finance Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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 represents the value of work carried out in the year

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 and other post-retirement benefits
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.

Operating lease agreements
Rentals paid under operating leases, where substantially all of the benefits and risks of ownership remain with the lessor, are charged against profits on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

ENLIGHTENED FINANCE LIMITED (REGISTERED NUMBER: 05876374)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 7,426
DEPRECIATION
At 1 August 2023 5,496
Charge for year 482
At 31 July 2024 5,978
NET BOOK VALUE
At 31 July 2024 1,448
At 31 July 2023 1,930

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,484 8,144
Other debtors 6,916 8,037
31,400 16,181

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 60,701 63,334
Other creditors 50,085 43,094
110,786 106,428

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 22,400 22,400