Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrue2024-01-018No description of principal activity8 05326363 2024-01-01 2024-12-31 05326363 2023-01-01 2023-12-31 05326363 2024-12-31 05326363 2023-12-31 05326363 c:Director1 2024-01-01 2024-12-31 05326363 d:FurnitureFittings 2024-01-01 2024-12-31 05326363 d:ComputerEquipment 2024-01-01 2024-12-31 05326363 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 05326363 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05326363 d:ShareCapital 2024-12-31 05326363 d:ShareCapital 2023-12-31 05326363 d:SharePremium 2024-12-31 05326363 d:SharePremium 2023-12-31 05326363 d:RetainedEarningsAccumulatedLosses 2024-12-31 05326363 d:RetainedEarningsAccumulatedLosses 2023-12-31 05326363 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05326363 c:FullAccounts 2024-01-01 2024-12-31 05326363 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05326363 c:Micro-entities 2024-01-01 2024-12-31 05326363 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 05326363









ENITIATIVE.BIZ LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
ENITIATIVE.BIZ LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 5


 
ENITIATIVE.BIZ LIMITED
REGISTERED NUMBER: 05326363

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible Assets
  
94,226
39,338

Tangible assets
  
6,426
8,606

Investments
  
5
5

  
100,657
47,949

Current assets
  

Debtors
  
4,133,566
4,989,756

Bank & cash balances
  
341,588
514,478

  
4,475,154
5,504,234

Creditors: amounts falling due within one year
  
(4,291,145)
(5,275,709)

Net current assets
  
 
 
184,009
 
 
228,525

Total assets less current liabilities
  
284,666
276,474

  

Net assets
  
284,666
276,474


Capital and reserves
  

Called up share capital 
  
17,066
17,066

Share premium account
  
676,210
676,210

Profit and loss account
  
(408,610)
(416,802)

  
284,666
276,474



The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Page 1

 
ENITIATIVE.BIZ LIMITED
REGISTERED NUMBER: 05326363
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
T Virden
Director

Date: 15 July 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
ENITIATIVE.BIZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Enitiative.biz Limited is a private company, limited by shares, registered in England and Wales. The address of the company's registered office is Ground Floor, 45 Pall Mall, London, SW1Y 5JG.
The company’s principal activities during the year under review consisted of earning commissions from chartering third-party boats, yachts, and related services through its website


2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 105 the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the company continues to adopt the going concern basis in preparing its financial statements.

 
2.3

Revenue

Turnover comprises revenue recognised by the company in respect of commission earned by chartering of boats, yachts, and related services, it also comprises management services provided to subsidiary companies.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
ENITIATIVE.BIZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25%
straight-line
Computer equipment
-
33%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 4

 
ENITIATIVE.BIZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Admin
8
8

 
Page 5