Enter Yes Ltd iXBRL

Company Registration Number: NI628546

Enter Yes Ltd

Unaudited Financial Statements

for the financial year ended 31 January 2025

Enter Yes Ltd

Company Registration Number: NI628546

BALANCE SHEET

as at 31 January 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets

17,749

19,452

─────────

Current Assets

Debtors

17,176

31,364

Cash at bank and in hand

3,240

36,451

─────────

20,416

67,815

─────────

Creditors: amounts falling due within one year

(46,520)

(41,588)

─────────

Net Current (Liabilities)/Assets

(26,104)

26,227

─────────

Total Assets less Current Liabilities

(8,355)

45,679

Creditors:

amounts falling due after more than one year

(110,513)

(10,063)

─────────

Net (Liabilities)/Assets

(118,868)

35,616

═════════

Capital and Reserves

Called up share capital

Retained earnings

(118,869)

35,615

─────────

Shareholders' (Deficit)/Funds

(118,868)

35,616

═════════

The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 3 October 2025



________________________________
Mr. Kris Kelly
Director

Enter Yes Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 January 2025

General Information

Enter Yes Ltd is a company limited by shares incorporated in Northern Ireland. 25 Donegall Street, Belfast, BT1 2FF is the registered office, which is also the principal place of business of the company . The principal activity of the company is to create and collaborate on award winning animation, VFX and digital projects for advertising, games, film and television. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the year ended 31 January 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Fixtures, fittings and equipment

33% Straight line

Motor vehicles

25% Reducing Balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including director, during the financial year was:

2025

2024

Number

Number

Employees

═════════


4.	Tangible assets
		Fixtures,	Motor	Total
		fittings and	vehicles
		equipment
		£	£	£
	Cost
	At 1 February 2024	34,629	34,075	68,704
	Additions	7,772	-	7,772
		─────────	─────────	─────────
	At 31 January 2025	42,401	34,075	76,476
		─────────	─────────	─────────
	Depreciation
	At 1 February 2024	26,860	22,392	49,252
	Charge for the financial year	7,001	2,474	9,475
		─────────	─────────	─────────
	At 31 January 2025	33,861	24,866	58,727
		─────────	─────────	─────────
	Net book value
	At 31 January 2025	8,540	9,209	17,749
		═════════	═════════	═════════
	At 31 January 2024	7,769	11,683	19,452
		═════════	═════════	═════════


5.	Debtors	2025	2024
		£	£

	Trade debtors	15,536	15,040
	Director's current account	-	13,324
	Taxation (Note 8)	1,640	-
	Prepayments and accrued income	-	3,000
		─────────	─────────
		17,176	31,364
		═════════	═════════


6.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Loan	8,278	13,716
	Trade creditors	9,245	4,650
	Amounts owed to group undertakings	9,588	-
	Taxation (Note 8)	356	12,418
	Director's current account	2,409	-
	Other creditors	6,394	6,394
	Accruals	10,250	4,410
		─────────	─────────
		46,520	41,588
		═════════	═════════


7.	Creditors	2025	2024
	Amounts falling due after more than one year	£	£

	Loan	110,513	10,063
		═════════	═════════

	Loans
	Repayable in one year or less, or on demand (Note 6)	8,278	13,716
	Repayable between one and two years	16,556	9,770
	Repayable between two and five years	93,957	293
		─────────	─────────
		118,791	23,779
		═════════	═════════


8.	Taxation	2025	2024
		£	£

	Debtors:
	VAT	1,640	-
		═════════	═════════
	Creditors:
	VAT	-	7,976
	Corporation tax	-	4,442
	PAYE / NI	356	-
		─────────	─────────
		356	12,418
		═════════	═════════

Capital commitments

The company had no material capital commitments at the financial year-ended 31 January 2025.