Registered number
05084305
Enterprise Eight Limited
Unaudited Filleted Accounts
31 August 2024
Enterprise Eight Limited
Registered number: 05084305
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 151,258 179,291
Current assets
Stocks 11,280 10,984
Debtors 4 140,680 135,645
Cash at bank and in hand 116,408 203,799
268,368 350,428
Creditors: amounts falling due within one year 5 (67,397) (145,208)
Net current assets 200,971 205,220
Total assets less current liabilities 352,229 384,511
Creditors: amounts falling due after more than one year 6 (7,500) (17,500)
Provisions for liabilities (3,848) -
Net assets 340,881 367,011
Capital and reserves
Called up share capital 100,002 100,002
Profit and loss account 240,879 267,009
Shareholders' funds 340,881 367,011
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Y Mak
Director
Approved by the board on 29 May 2025
Enterprise Eight Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Property Improvements Over the term of the lease
Plant and machinery 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current liabilities are not discounted.
Operating lease agreements
Rent applicable to 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 21 12
3 Tangible fixed assets
Property Improvements Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 598,097 182,492 780,589
Additions - 3,186 3,186
Disposals - (21,065) (21,065)
At 31 August 2024 598,097 164,613 762,710
Depreciation
At 1 September 2023 439,845 161,453 601,298
Charge for the year 23,924 2,988 26,912
On disposals - (16,758) (16,758)
At 31 August 2024 463,769 147,683 611,452
Net book value
At 31 August 2024 134,328 16,930 151,258
At 31 August 2023 158,252 21,039 179,291
4 Debtors 2024 2023
£ £
Trade debtors 5,224 5,153
Other debtors 135,456 130,492
140,680 135,645
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 559 1,039
Corporation tax 12,593 50,096
Other taxes and social security costs 29,187 29,246
Other creditors 15,058 54,827
67,397 145,208
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 7,500 17,500
7 Operating lease commitments
At 31 August 2024 the company had annual commitments under non-cancellable operating leases:
Land and buildings
2024 2023
£ £
Within one year 65,000 65,000
Within two to five years 260,000 260,000
Over five years 65,000 130,000
390,000 455,000
8 Loans to directors
Included within Other debtors at 31 August 2024 are the following transactions with directors:
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
C Y Mak
Directors Loan Account 45,900 46,236 (44,796) 47,340
45,900 46,236 (44,796) 47,340
9 Related party transactions
Included within other creditors is an amount due to a close family member of the sole director of £655 (2023: £3,655). There is no formal arrangement in respect of repayment terms of this loan.

Included within other debtors is an amount due from C Mak, shareholder, of £34,588 (2023: £34,617).
10 Controlling party
The controlling party is Chun Yen Mak by virtue of his majority shareholding.
11 Other information
Enterprise Eight Limited is a private company limited by shares and incorporated in England. Its registered office is:
Kinnair & Company
Aston House
Redburn Road
Newcastle upon Tyne
NE5 1NB
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