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REGISTERED NUMBER: 07098752 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Engenuiti Limited

Engenuiti Limited (Registered number: 07098752)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Engenuiti Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr P J Grimes
Mr N Wheatley
Mr C Fussell





REGISTERED OFFICE: Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL





REGISTERED NUMBER: 07098752 (England and Wales)





ACCOUNTANTS: BPSL
Brooms Professional Services Limited
Chartered Certified Accountants
Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL

Engenuiti Limited (Registered number: 07098752)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 211,200 264,000
Tangible assets 5 27,425 27,199
238,625 291,199

CURRENT ASSETS
Debtors 6 518,553 399,736
Cash at bank 102,998 168,397
621,551 568,133
CREDITORS
Amounts falling due within one year 7 343,659 321,031
NET CURRENT ASSETS 277,892 247,102
TOTAL ASSETS LESS CURRENT
LIABILITIES

516,517

538,301

CREDITORS
Amounts falling due after more than one
year

8

(99,982

)

(195,911

)

PROVISIONS FOR LIABILITIES 9 (3,095 ) (2,213 )
NET ASSETS 413,440 340,177

CAPITAL AND RESERVES
Called up share capital 315 315
Retained earnings 413,125 339,862
SHAREHOLDERS' FUNDS 413,440 340,177

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

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

Engenuiti Limited (Registered number: 07098752)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:




Mr P J Grimes - Director



Mr C Fussell - Director


Engenuiti Limited (Registered number: 07098752)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Engenuiti 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 net invoiced work done adjusted for amounts recoverable on contracts, in accordance with the provisions of UITF40, together with income from The Engenuiti Partnership LLP.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on cost
Equipment - 33% on cost

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.

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.

Engenuiti Limited (Registered number: 07098752)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 528,000
AMORTISATION
At 1 October 2023 264,000
Charge for year 52,800
At 30 September 2024 316,800
NET BOOK VALUE
At 30 September 2024 211,200
At 30 September 2023 264,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Equipment Totals
£    £    £    £   
COST
At 1 October 2023 38,654 32,306 115,214 186,174
Additions - - 14,781 14,781
At 30 September 2024 38,654 32,306 129,995 200,955
DEPRECIATION
At 1 October 2023 37,760 14,134 107,081 158,975
Charge for year 179 4,543 9,833 14,555
At 30 September 2024 37,939 18,677 116,914 173,530
NET BOOK VALUE
At 30 September 2024 715 13,629 13,081 27,425
At 30 September 2023 894 18,172 8,133 27,199

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 474,548 348,891
Other debtors 38,428 45,914
Directors' current accounts 2,633 2,633
Prepayments and accrued income 2,944 2,298
518,553 399,736

Engenuiti Limited (Registered number: 07098752)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 90,000 97,500
Hire purchase contracts 19,233 5,929
Trade creditors 42,098 45,586
Tax 25,281 12,931
Social security and other taxes 26,800 29,405
VAT 77,984 63,717
Other creditors 21,800 25,500
Directors' current accounts 36,213 36,213
Accrued expenses 4,250 4,250
343,659 321,031

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years 90,000 90,000
Bank loans - 2-5 years - 90,000
Hire purchase contracts 9,982 15,911
99,982 195,911

9. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 3,095 2,213

Deferred
tax
£   
Balance at 1 October 2023 2,213
Timing differences 882
Balance at 30 September 2024 3,095

10. RELATED PARTY DISCLOSURES

The Company continued to be a member of The Engenuiti Partnership LLP during the year.