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REGISTERED NUMBER: 06772332 (England and Wales)












EXPERIENCECO LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022






EXPERIENCECO LIMITED (REGISTERED NUMBER: 06772332)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EXPERIENCECO LIMITED

COMPANY INFORMATION
for the year ended 31 December 2022







DIRECTORS: A R Clark
M K Griffith
C Rhodes





REGISTERED OFFICE: Gateway House
8 Milverton Street
LONDON
SE11 4AP





REGISTERED NUMBER: 06772332 (England and Wales)





ACCOUNTANTS: HPCA Limited
Station House
Connaught Road
Brookwood
Woking
Surrey
GU24 0ER

EXPERIENCECO LIMITED (REGISTERED NUMBER: 06772332)

BALANCE SHEET
31 December 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 39,477 48,339

CURRENT ASSETS
Debtors 5 448,393 343,204
Cash at bank 2,177,266 2,048,341
2,625,659 2,391,545
CREDITORS
Amounts falling due within one year 6 (1,094,473 ) (1,076,755 )
NET CURRENT ASSETS 1,531,186 1,314,790
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,570,663

1,363,129

PROVISIONS FOR LIABILITIES 8 (9,610 ) (10,923 )
NET ASSETS 1,561,053 1,352,206

CAPITAL AND RESERVES
Called up share capital 9 900 900
Retained earnings 10 1,560,153 1,351,306
SHAREHOLDERS' FUNDS 1,561,053 1,352,206

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

EXPERIENCECO LIMITED (REGISTERED NUMBER: 06772332)

BALANCE SHEET - continued
31 December 2022


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:





A R Clark - Director


EXPERIENCECO LIMITED (REGISTERED NUMBER: 06772332)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2022

1. STATUTORY INFORMATION

Experienceco Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over the life of the lease
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on reducing balance

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

EXPERIENCECO LIMITED (REGISTERED NUMBER: 06772332)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2021 - 14 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 January 2022 28,264 15,563 68,167 111,994
Additions - - 9,686 9,686
Disposals - - (24,559 ) (24,559 )
At 31 December 2022 28,264 15,563 53,294 97,121
DEPRECIATION
At 1 January 2022 11,769 12,151 39,735 63,655
Charge for year 5,653 3,112 8,509 17,274
Eliminated on disposal - - (23,285 ) (23,285 )
At 31 December 2022 17,422 15,263 24,959 57,644
NET BOOK VALUE
At 31 December 2022 10,842 300 28,335 39,477
At 31 December 2021 16,495 3,412 28,432 48,339

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 394,904 271,569
Amounts owed by group undertakings 11,100 11,100
Other debtors 20,634 20,634
Directors' current accounts - 203
Prepayments 21,755 39,698
448,393 343,204

EXPERIENCECO LIMITED (REGISTERED NUMBER: 06772332)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 154,007 179,383
Tax 165,353 201,835
Social security and other taxes 32,227 20,190
VAT 75,424 177,165
Other creditors 2,553 2,835
Pension 2,639 2,515
Directors' current accounts 3,700 2,967
Deferred income 630,800 455,273
Accrued expenses 27,770 34,592
1,094,473 1,076,755

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year 119,021 108,652
Between one and five years 59,085 29,080
178,106 137,732

8. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax
Accelerated capital allowances 9,610 10,923

Deferred
tax
£   
Balance at 1 January 2022 10,923
Credit to Income Statement during year (1,313 )
Balance at 31 December 2022 9,610

All of the deferred taxation provision relates to timing differences between the recognition of capital allowances and depreciation of fixed assets.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
900 Ordinary shares 1.00 900 900

EXPERIENCECO LIMITED (REGISTERED NUMBER: 06772332)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2022

10. RESERVES
Retained
earnings
£   

At 1 January 2022 1,351,306
Profit for the year 697,847
Dividends (489,000 )
At 31 December 2022 1,560,153

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

2022 2021
£    £   
M K Griffith
Balance outstanding at start of year 202 957
Amounts advanced 9,567 7,788
Amounts repaid (9,879 ) (8,543 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (110 ) 202