Registration number:
Enlighten Training Services Ltd
for the Year Ended 31 October 2017
Bollin House
Bollin Link
Wilmslow
Cheshire
SK9 1DP
Enlighten Training Services Ltd
Contents
Company Information |
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Accountants' Report |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
Enlighten Training Services Ltd
Company Information
Director |
Ms Nadine Williams |
Registered office |
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Accountants |
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Page 1 |
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Enlighten Training Services Ltd
for the Year Ended 31 October 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Enlighten Training Services Ltd for the year ended 31 October 2017 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Enlighten Training Services Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Enlighten Training Services Ltd and state those matters that we have agreed to state to the Board of Directors of Enlighten Training Services Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Enlighten Training Services Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Enlighten Training Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Enlighten Training Services Ltd. You consider that Enlighten Training Services Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Enlighten Training Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Bollin Link
Wilmslow
Cheshire
SK9 1DP
Page 2 |
Enlighten Training Services Ltd
Statement of Comprehensive Income for the Year Ended 31 October 2017
2017 |
2016 |
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Profit for the year |
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Total comprehensive income for the year |
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Page 3 |
Enlighten Training Services Ltd
(Registration number: 09825357)
Balance Sheet as at 31 October 2017
Note |
2017 |
2016 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
- |
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Total equity |
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For the financial year ending 31 October 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Ms Nadine Williams
Director
Page 4 |
Enlighten Training Services Ltd
Statement of Changes in Equity for the Year Ended 31 October 2017
Share capital |
Profit and loss account |
Total |
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At 1 November 2016 |
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Profit for the year |
- |
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Total comprehensive income |
- |
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Dividends |
- |
( |
( |
At 31 October 2017 |
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- |
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Share capital |
Profit and loss account |
Total |
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At 15 October 2015 |
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- |
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Profit for the year |
- |
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Total comprehensive income |
- |
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Dividends |
- |
( |
( |
At 31 October 2016 |
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Page 5 |
Enlighten Training Services Ltd
Notes to the Financial Statements for the Year Ended 31 October 2017
General information |
The company is a private company limited by share capital incorporated in United Kingdom.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with the provisions of Section 1A “Small Entities” of Financial Reporting Standard 102. “The Financial Reporting Standard applicable in the UK and Republic of Ireland” and the Companies Act 2006.
These financial statements for the year ended 31 October 2017 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 1 November 2016. The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in accounting policies to those used previously.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Page 6 |
Enlighten Training Services Ltd
Notes to the Financial Statements for the Year Ended 31 October 2017
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Debtors |
2017 |
2016 |
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Trade debtors |
- |
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Other debtors |
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- |
Total current trade and other debtors |
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Creditors |
2017 |
2016 |
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Due within one year |
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Taxation and social security |
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Corporation tax |
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Page 7 |
Enlighten Training Services Ltd
Notes to the Financial Statements for the Year Ended 31 October 2017
Dividends |
2017 |
2016 |
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£ |
£ |
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Final dividend of £
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38,423 |
31,570 |
Related party transactions |
Transactions with directors |
2017 |
Advances to directors |
At 31 October 2017 |
Ms Nadine Williams |
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Non-interest bearing advances made to director (repayable on demand) |
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Directors' remuneration
The director's remuneration for the year was as follows:
2017 |
2016 |
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Remuneration |
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Other transactions with directors |
Dividends of £38,423 (2016: £31,570) and salary of £8,123 (2016: £4,697) were paid to the Director, Ms Nadine Williams during the year. At the balance sheet date the amount due to the company from Ms Nadine Williams was £1,552 (2016: £nil).
Page 8 |