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REGISTERED NUMBER: 02669422 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

ENABLES IT LIMITED

ENABLES IT LIMITED (REGISTERED NUMBER: 02669422)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ENABLES IT LIMITED

Company Information
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: M D Walliss





REGISTERED OFFICE: Unit 7 Williams Court
Alfold Road
Cranleigh
GU6 8NE





REGISTERED NUMBER: 02669422 (England and Wales)





ACCOUNTANTS: Galloways Accounting
First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

ENABLES IT LIMITED (REGISTERED NUMBER: 02669422)

Balance Sheet
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 7,294 4,187

CURRENT ASSETS
Stocks 6,906 17,677
Debtors 4 619,088 298,266
Cash at bank and in hand 48,327 86,327
674,321 402,270
CREDITORS
Amounts falling due within one year 5 521,457 442,122
NET CURRENT ASSETS/(LIABILITIES) 152,864 (39,852 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,158

(35,665

)

CREDITORS
Amounts falling due after more than one
year

6

13,333

23,333
NET ASSETS/(LIABILITIES) 146,825 (58,998 )

CAPITAL AND RESERVES
Called up share capital 1,814 1,814
Capital redemption reserve 288 288
Retained earnings 144,723 (61,100 )
146,825 (58,998 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 12 February 2025 and were signed by:





M D Walliss - Director


ENABLES IT LIMITED (REGISTERED NUMBER: 02669422)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 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.

Preparation of consolidated financial statements
The financial statements contain information about Enables IT Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Fixtures and fittings - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 10 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023 8,293
Additions 5,932
At 30 June 2024 14,225
DEPRECIATION
At 1 July 2023 4,106
Charge for year 2,825
At 30 June 2024 6,931
NET BOOK VALUE
At 30 June 2024 7,294
At 30 June 2023 4,187

ENABLES IT LIMITED (REGISTERED NUMBER: 02669422)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 416,031 247,165
Amounts owed by group undertakings - 5,417
Other debtors 7,500 7,500
Directors' current accounts 128,638 -
Prepayments 66,919 38,184
619,088 298,266

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 169,697 151,422
Amounts owed to group undertakings 5,000 -
Social security and other taxes 20,095 12,688
VAT 77,676 23,413
Other creditors 8,541 5,970
Deferred income 135,166 191,313
Accrued expenses 95,282 47,316
521,457 442,122

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 3,333 13,333
13,333 23,333

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 45,681 40,000
Between one and five years 21,362 40,000
In more than five years - 10,000
67,043 90,000

8. FINANCIAL INSTRUMENTS

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the balance sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

ENABLES IT LIMITED (REGISTERED NUMBER: 02669422)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. ULTIMATE CONTROLLING PARTY

Parent Company :
Tactic Holdings Limited


Ultimate controlling party:
Champall Consultancy Limited