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Unaudited Financial Statements |
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for the Year Ended 31 October 2021 |
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for |
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Enable Holidays Limited |
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Unaudited Financial Statements |
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for the Year Ended 31 October 2021 |
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for |
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Enable Holidays Limited |
Enable Holidays Limited (Registered number: 04834377) |
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Contents of the Financial Statements |
for the year ended 31 October 2021 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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Enable Holidays Limited |
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Company Information |
for the year ended 31 October 2021 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
Global House |
303 Ballards Lane |
London |
N12 8NP |
Enable Holidays Limited (Registered number: 04834377) |
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Statement of Financial Position |
31 October 2021 |
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31.10.21 | 31.10.20 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings | 9 | ( |
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SHAREHOLDERS' FUNDS |
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The director acknowledges her 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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Enable Holidays Limited (Registered number: 04834377) |
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Notes to the Financial Statements |
for the year ended 31 October 2021 |
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1. | STATUTORY INFORMATION |
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Enable Holidays Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. Turnover is recognised on a departure date basis. |
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Other operating income |
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Included within other operating income are Covid-19 grants of £81,180 and bank interest income of £20. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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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. |
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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. |
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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. |
Enable Holidays Limited (Registered number: 04834377) |
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Notes to the Financial Statements - continued |
for the year ended 31 October 2021 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and |
machinery | fittings | Totals |
£ | £ | £ |
COST |
At 1 November 2020 |
and 31 October 2021 |
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DEPRECIATION |
At 1 November 2020 |
and 31 October 2021 |
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NET BOOK VALUE |
At 31 October 2021 |
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At 31 October 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.21 | 31.10.20 |
£ | £ |
ABTA bond |
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VAT |
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Other debtors and prepayments |
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The ABTA bond is a refundable cash bond. |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.21 | 31.10.20 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors | ( |
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Corporation tax |
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PAYE |
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Deposits received in advance |
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Accrued expenses |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.10.21 | 31.10.20 |
£ | £ |
Bank loans |
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The above loan is guaranteed by the UK Government under BBLS (the BBLS Guarantee) . There are no capital or interest repayments for the first 19 months after the date of draw down after which the total amount payable must be repaid by way of 60 consecutive monthly repayments (consisting of capital and interest). Interest is charged at a rate of 2.5% on the outstanding principle amount. |
Enable Holidays Limited (Registered number: 04834377) |
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Notes to the Financial Statements - continued |
for the year ended 31 October 2021 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.10.21 | 31.10.20 |
value: | £ | £ |
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Ordinary shares | £1 | 96,000 | 96,000 |
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6% Redeemable Preference | £1 | 145,000 | 145,000 |
241,000 | 241,000 |
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The 6% Redeemable Preference shares of £1 each will only be redeemed subject to CAA's approval, as agreed with the Directors. The directors has waived all dividends due in respect of the redeemable preference shares up to 31st October 2021. |
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9. | RESERVES |
Retained |
earnings |
£ |
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At 1 November 2020 | ( |
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Deficit for the year | ( |
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At 31 October 2021 | ( |
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