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REGISTERED NUMBER: 06563261 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Expert in Mind Limited

Expert in Mind Limited (Registered number: 06563261)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Expert in Mind Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: Ms Z Ludwig





REGISTERED OFFICE: 89 Pevensey Road
Hastings
East Sussex
TN38 0RL





REGISTERED NUMBER: 06563261 (England and Wales)





ACCOUNTANTS: Deeks Evans Audit Services Limited
Chartered Accountants
36 Cambridge Road
Hastings
East Sussex
TN34 1DU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Expert in Mind Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Expert in Mind Limited for the year ended 30 April 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Expert in Mind Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Expert in Mind Limited and state those matters that we have agreed to state to the director of Expert in Mind Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Expert in Mind Limited and its director for our work or for this report.

It is your duty to ensure that Expert in Mind Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Expert in Mind Limited. You consider that Expert in Mind Limited 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 financial statements of Expert in Mind Limited. 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 financial statements.






Deeks Evans Audit Services Limited
Chartered Accountants
36 Cambridge Road
Hastings
East Sussex
TN34 1DU


22 November 2023

Expert in Mind Limited (Registered number: 06563261)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,913 37,922

CURRENT ASSETS
Work in progress 130,000 130,000
Debtors 5 1,528,924 1,265,961
Cash at bank 782,482 630,944
2,441,406 2,026,905
CREDITORS
Amounts falling due within one year 6 1,489,617 1,217,575
NET CURRENT ASSETS 951,789 809,330
TOTAL ASSETS LESS CURRENT
LIABILITIES

986,702

847,252

PROVISIONS FOR LIABILITIES 6,150 5,000
NET ASSETS 980,552 842,252

CAPITAL & RESERVES
Called up share capital 8 100 100
Retained earnings 980,452 842,152
SHAREHOLDERS' FUNDS 980,552 842,252

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2023 and were signed by:





Ms Z Ludwig - Director


Expert in Mind Limited (Registered number: 06563261)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Expert in Mind 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 represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services falling within the company's ordinary activities.

In respect of contracts for on going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures fittings and equipment - 15% on reducing balance
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 15 ) .

Expert in Mind Limited (Registered number: 06563261)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Fixtures
fittings
and Computer
equipment equipment Totals
£    £    £   
COST
At 1 May 2022 68,105 38,661 106,766
Additions 3,045 7,251 10,296
Disposals - (1,326 ) (1,326 )
At 30 April 2023 71,150 44,586 115,736
DEPRECIATION
At 1 May 2022 45,690 23,154 68,844
Charge for year 6,373 6,539 12,912
Eliminated on disposal - (933 ) (933 )
At 30 April 2023 52,063 28,760 80,823
NET BOOK VALUE
At 30 April 2023 19,087 15,826 34,913
At 30 April 2022 22,415 15,507 37,922

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,508,287 1,244,321
Prepayments 20,637 21,640
1,528,924 1,265,961

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,272,102 1,027,933
Corporation tax 104,110 103,619
Social security & other taxes 110,037 81,981
Other creditors 306 1,145
Director's current account 212 47
Accruals 2,850 2,850
1,489,617 1,217,575

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 36,570 31,950
Between one and five years - 42,425
36,570 74,375

Expert in Mind Limited (Registered number: 06563261)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100