Company Registration No. 13864441 (England and Wales)
Expiritas Limited
Unaudited accounts
for the year ended 31 January 2024
Expiritas Limited
Unaudited accounts
Contents
Expiritas Limited
Company Information
for the year ended 31 January 2024
Company Number
13864441 (England and Wales)
Registered Office
85 Great Portland Street
First Floor
London
W1W 7LT
England
Accountants
Warwick McArdle
55 Ellerton Road
London
SW18 3NQ
Expiritas Limited
Statement of financial position
as at 31 January 2024
Inventories
102,836
94,373
Cash at bank and in hand
(50)
7,446
Creditors: amounts falling due within one year
(176,658)
(139,633)
Net current liabilities
(72,518)
(36,962)
Total assets less current liabilities
(70,912)
(36,962)
Provisions for liabilities
Net liabilities
(71,217)
(36,962)
Called up share capital
100
100
Profit and loss account
(71,317)
(37,062)
Shareholders' funds
(71,217)
(36,962)
For the year ending 31 January 2024 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 April 2024 and were signed on its behalf by
Naveed Akhtar
Director
Company Registration No. 13864441
Expiritas Limited
Notes to the Accounts
for the year ended 31 January 2024
Expiritas Limited is a private company, limited by shares, registered in England and Wales, registration number 13864441. The registered office is 85 Great Portland Street, First Floor, London, W1W 7LT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
3 years straight line
Computer equipment
3 years straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expiritas Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
1,210
1,199
2,409
At 31 January 2024
1,210
1,199
2,409
Charge for the year
403
400
803
At 31 January 2024
403
400
803
At 31 January 2024
807
799
1,606
Finished goods
102,836
94,373
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,017
3,422
Loans from directors
175,142
85,426
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).