Enact IT Ltd Accounts






Enact IT Ltd

	Company No. 12162355
		Directors' Report and Unaudited Accounts
		31 August 2025




							Pages

Company Information							2
Directors' Report							3

Profit and Loss Account							4
Statement of Comprehensive Income							5
Balance Sheet							6
Statement of Changes in Equity							7
Notes to the Accounts							8 to 10

Directors

V.H. Mistry
A.D. Turner











































Registered Office

30 Hawk Close
Abbeydale
Gloucester

GL4 4WE

Accountants

Maxim Pensions Ltd
Lovejoys
Frilsham
Thatcham
Berkshire
RG18 9XQ

The Directors present their report and the accounts for the year ended 31 August 2025.

Principal activities

The principal activity of the company during the year under review was VMware Consultancy.




Directors

The Directors who served at any time during the year were as follows:

V.H. Mistry
A.D. Turner








































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

V.H. Mistry
Director
31 August 2025

for the year ended 31 August 2025

	2025	2024
	£	£
Turnover	152,549	160,718

Cost of Sales	(81,930)	(86,742)

Gross profit	70,619	73,976



Administrative expenses	(14,071)	(11,344)



Operating profit	56,548	62,632









Non-equity preference dividends paid	(15,000)	-

Profit on ordinary activities before taxation	41,548	62,632

Taxation	(8,261)	(13,454)

Profit for the financial year after taxation	33,287	49,178

STATEMENT OF COMPREHENSIVE INCOME

for the year ended 31 August 2025

	2025	2024

	£	£
Profit for the financial year after taxation	33,287	49,178







Total comprehensive income for the period	33,287	49,178

at	31 August 2025

Company No.		12162355	Notes	2025	2024
				£	£
Fixed assets

	Tangible assets		5	10,258	9,680


				10,258	9,680
Current assets



	Cash at bank and in hand			51,636	47,033
				51,636	47,033
Creditors: Amount falling due within one year			6	(7,348)	(13,454)
Net current assets				44,288	33,579
Total assets less current liabilities				54,546	43,259




Net assets				54,546	43,259

Capital and reserves
	Called up share capital			1	1



	Profit and loss account		8	54,545	43,258

Total equity				54,546	43,259



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 August 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



Approved by the board on 31 August 2025 and signed on its behalf by:
A.D. Turner
Director
31 August 2025

for the year ended 31 August 2025

		Share Capital	Retained earnings	Total equity
		£	£	£
	At 1 September 2023	1	59,080	59,081




	Profit for the period		49,178	49,178

	Dividends		(65,000)	(65,000)





	At 31 August 2024 and 1 September 2024	1	43,258	43,259




	Profit for the period		33,287	33,287

	Dividends		(22,000)	(22,000)
	At 31 August 2025	1	54,545	54,546

for the year ended 31 August 2025

General information

Enact IT Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 12162355

Its registered office is:

30 Hawk Close

Abbeydale

Gloucester

GL4 4WE

The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Revenue recognition

Turnover represents the fair value of consideration receivable for IT services provided, excluding value added tax. Revenue is recognised when it is probable that economic benefits will flow to the company, the amount can be measured reliably, and the stage of completion of the service can be assessed with reasonable certainty.

For IT consultancy, development work, and project‑based services, turnover is recognised according to the stage of completion at the reporting date. Progress is measured using time incurred, milestones achieved, or other outputs that reflect the transfer of value to the client.
Where the outcome of a service contract cannot be estimated reliably, revenue is recognised only to the extent of recoverable costs incurred. Amounts invoiced in advance of service delivery are recorded as deferred income until the related services are performed.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

25% Reducing Balance

Furniture, fittings and equipment

25% Reducing balance

Leased assets

The company enters into leases for office premises, IT hardware, network equipment, and other technology infrastructure used in the delivery of IT services. Leases are classified as finance leases or operating leases in accordance with FRS 102.

Finance Leases / Right‑of‑Use Assets
Leases that transfer substantially all the risks and rewards of ownership to the company are classified as finance leases. Assets held under finance leases are recognised as right‑of‑use assets within fixed assets at the lower of the fair value of the leased asset and the present value of the minimum lease payments.

Right‑of‑use assets—typically including servers, networking equipment, end‑user devices, and other technology assets—are depreciated over the shorter of the lease term and their useful economic life, unless ownership is expected to transfer to the company, in which case they are depreciated over their useful economic life.

Lease payments are allocated between the reduction of the lease liability and a finance charge. The finance charge is recognised in profit or loss over the lease term using the effective interest method.

Operating Leases
Leases that do not transfer substantially all the risks and rewards of ownership are classified as operating leases. Payments under operating leases—commonly relating to office premises, data‑centre space, and certain IT equipment—are recognised in profit or loss on a straight‑line basis over the lease term, unless another systematic basis better reflects the pattern of benefit derived from the leased asset.

Lease incentives, such as rent‑free periods or contributions to fit‑out costs, are recognised as a reduction of rental expense on a straight‑line basis over the lease term.

Research and development costs

Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.

Investments

Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

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.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	2	2

4	Taxation
		(a) Tax on profit on ordinary activities	2025	2024
		The tax charge is made up as follows:	£	£
		UK corporation tax
		Charge for the period	8,261	13,454

		Total corporation tax	8,261	13,454





		Tax on profit on ordinary activities	8,261	13,454

		(b) Factors affecting the total tax charge for the period
		The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The differences are reconciled below:
		Higher	2025	2024
		8261	£	£
		Profit on ordinary activities before tax	41,548	62,632



		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	-	-
		Expenses not deductible for tax purposes	8,261	13,454




		Tax on profit on ordinary activities	8,261	13,454

5	Tangible fixed assets
			Plant and machinery	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 September 2024	11,443	1,026	12,469
		Additions	-	3,059	3,059



		At 31 August 2025	11,443	4,085	15,528
		Depreciation
		At 1 September 2024	2,289	500	2,789
		Charge for the year	1,716	765	2,481



		At 31 August 2025	4,005	1,265	5,270
		Net book values
		At 31 August 2025	7,438	2,820	10,258
		At 31 August 2024	9,154	526	9,680

6	Creditors:
		amounts falling due within one year
			2025	2024
			£	£



		Obligations under finance lease and hire purchase contracts	(913)	-


		Taxes and social security	8,261	13,454



			7,348	13,454

Share Capital

Share capital is £1.00 Fully Paid

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

9	Dividends
			2025	2024
			£	£
		Dividends for the period:
		Dividends paid in the period	37,000	65,000

			37,000	65,000

		Dividends by type:
		Non-equity preference dividends	15,000	-
		Equity dividends	22,000	65,000
			37,000	65,000