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Company Registration No. 13864441 (England and Wales)
Expiritas Limited Unaudited accounts for the year ended 31 January 2024
Expiritas Limited Unaudited accounts Contents
Page
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Expiritas Limited Company Information for the year ended 31 January 2024
Director
Naveed Akhtar
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
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Expiritas Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,606 
- 
Current assets
Inventories
102,836 
94,373 
Debtors
1,354 
852 
Cash at bank and in hand
(50)
7,446 
104,140 
102,671 
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
Deferred tax
(305)
- 
Net liabilities
(71,217)
(36,962)
Capital and reserves
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
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Expiritas Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Foreign exchange
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
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 taxation
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.
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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 
At 1 February 2023
- 
- 
- 
Additions
1,210 
1,199 
2,409 
At 31 January 2024
1,210 
1,199 
2,409 
Depreciation
Charge for the year
403 
400 
803 
At 31 January 2024
403 
400 
803 
Net book value
At 31 January 2024
807 
799 
1,606 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
102,836 
94,373 
102,836 
94,373 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
491 
817 
Trade debtors
828 
- 
Other debtors
35 
35 
1,354 
852 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,017 
3,422 
Other creditors
(1)
50,000 
Loans from directors
175,142 
85,426 
Accruals
500 
785 
176,658 
139,633 
8
Share capital
2024 
2023 
£ 
£ 
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).
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