Enterprise Financial Services (UK) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04145661 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ENTERPRISE FINANCIAL SERVICES (UK) LTD

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

4,380

5,854

4,380

5,854

CURRENT ASSETS

Debtors

6

181,951

208,574

Investments

7

477,980

Cash at bank

45,099

94,309

705,030

780,863

CREDITORS

Amounts falling due within one year

8

(18,621

)

(65,520

)

NET CURRENT ASSETS

686,409

715,343

TOTAL ASSETS LESS CURRENT
LIABILITIES

690,789

721,197

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

690,689

721,097

SHAREHOLDERS' FUNDS

690,789

721,197

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 September 2025 and were signed by:

N R Larkin - Director

1.	STATUTORY INFORMATION

Enterprise Financial Services (UK) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04145661

Registered office:

3000 Manchester Business Park

Aviator Way

Manchester

M22 5TG

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 sales of services and is recognised when the services are completed.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty 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

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

5,000

AMORTISATION

At 1 April 2024

and 31 March 2025

5,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 April 2024

8,666

19,131

27,797

Additions

-

360

At 31 March 2025

8,666

19,491

28,157

DEPRECIATION

At 1 April 2024

5,965

15,978

21,943

Charge for year

675

1,159

1,834

At 31 March 2025

6,640

17,137

23,777

NET BOOK VALUE

At 31 March 2025

2,026

2,354

4,380

At 31 March 2024

2,701

3,153

5,854

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts recoverable on

contracts

51,817

76,352

S455 tax

13,629

22,105

Other debtors

59,260

27,759

Directors' current accounts

57,245

82,358

181,951

208,574

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

Investments

477,980

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Corporation tax

6,235

47,475

Deferred tax

1,095

-

Social security and other taxes

-

2,333

Other creditors

121

5,941

Accrued expenses

11,170

9,771

18,621

65,520

9.	OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments in respect of operating leases at 31st March 2025 of £72,000 (2024: Nil)

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

N R Larkin

Balance outstanding at start of year

82,358

99,215

Amounts repaid

(25,113

)

(16,857

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

57,245

82,358

No interest has been charged on the directors loan account. The amount outstanding at the year end, which is repayable on demand and classified in debtors, was £57,245 (2024: £82,358).

11.	ULTIMATE CONTROLLING PARTY

The controlling party is N R Larkin.