Company Registration No. 12457713 (England and Wales)
ENTERPRISING HABITS LTD
Unaudited accounts
for the year ended 28 February 2025
ENTERPRISING HABITS LTD
Unaudited accounts
Contents
ENTERPRISING HABITS LTD
Company Information
for the year ended 28 February 2025
Directors
MR IBRAR UL HASSAN SYED
MRS ANAM ZUBAIR
MR SABAR HUSSAIN
MR MOHAMMAD IMRAN ASMAT HASHMI
MRS SAMINA KOUSAR
Company Number
12457713 (England and Wales)
Registered Office
The Community Hub
70 Abel Street
Burnley
Lancashire
BB10 1QU
United Kingdom
Accountants
SJ & Associates Ltd, Chartered Certified Accountants
2nd Floor
33 Bent Street
Manchester
Lancashire
M8 8NW
ENTERPRISING HABITS LTD
Statement of financial position
as at 28 February 2025
Tangible assets
3,028
1,106
Cash at bank and in hand
19,196
27,182
Creditors: amounts falling due within one year
(29,203)
(25,041)
Net current assets
1,016
2,141
Profit and loss account
4,044
3,247
Members' funds
4,044
3,247
For the year ending 28 February 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by
MR IBRAR UL HASSAN SYED
Director
Company Registration No. 12457713
ENTERPRISING HABITS LTD
Notes to the Accounts
for the year ended 28 February 2025
ENTERPRISING HABITS LTD is a private company, limited by guarantee, registered in England and Wales, registration number 12457713. The registered office is The Community Hub, 70 Abel Street, Burnley, Lancashire, BB10 1QU, United Kingdom.
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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 remained unchanged from the previous year, and also 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% per annum reducing balance method
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
ENTERPRISING HABITS LTD
Notes to the Accounts
for the year ended 28 February 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Tangible fixed assets
Computer equipment
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
5,719
2,322
Loans from directors
3,350
2,719
Deferred income
11,051
15,050
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Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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Average number of employees
During the year the average number of employees was 5 (2024: 4).