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Logo On Report
Registered Number: 06713008


 

 

 

EXPERT SERVICES GROUP LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 November 2022

End date: 31 October 2023
Director James Anthony Greene
Registered Number 06713008
Registered Office Wilson House 48 Brooklyn Road
Seaford
London
East Sussex
BN25 2DX
Accountants Artifin Accountant
Docklands Business Centre
Suite 12/3D,
10-16 Tiller Road,
E14 8PX
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 October 2023.
Director
The director who served the company throughout the year was as follows:
James Anthony Greene
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
James Anthony Greene
Director

Date approved: 14 August 2024
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 60,000    60,000 
Tangible fixed assets 4 1,001,084    989,168 
1,061,084    1,049,168 
Current assets      
Debtors 5 55,162    153,406 
Investments 6 328,557   
Cash at bank and in hand (30,027)   (45,576)
353,692    107,830 
Creditors: amount falling due within one year 7 (950,028)   (589,915)
Net current assets (596,336)   (482,085)
 
Total assets less current liabilities 464,748    567,083 
Creditors: amount falling due after more than one year 8 (25,701)   (51,324)
Provisions for liabilities 9   (114,689)
Net assets 439,047    401,070 
 

Capital and reserves
     
Called up share capital 10 2    2 
Reserves 11 271,379    271,379 
Profit and loss account 167,666    129,689 
Shareholders' funds 439,047    401,070 
 


For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 14 August 2024 and were signed by:


-------------------------------
James Anthony Greene
Director
3
  Equity share capital   Revaluation reserve   Retained Earnings   Total
£ £ £ £
At 01 November 2021 2  271,379  49,098  320,479 
Profit for the year 80,591  80,591 
Total comprehensive income for the year 80,591  80,591 
Total investments by and distributions to owners
At 31 October 2022 2  271,379  129,689  401,070 
At 01 November 2022 2  271,379  129,689  401,070 
Profit for the year 37,977  37,977 
Total comprehensive income for the year 37,977  37,977 
Total investments by and distributions to owners
At 31 October 2023 2  271,379  167,666  439,047 
4
General Information
EXPERT SERVICES GROUP LIMITED is a private company, limited by shares, registered in , registration number 06713008, registration address Wilson House 48 Brooklyn Road, Seaford, London, East Sussex, BN25 2DX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
2.

Average number of employees

Average number of employees during the year was 32 (2022 : 32).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 November 2022 60,000    60,000 
Additions  
Disposals  
At 31 October 2023 60,000    60,000 
Amortisation
At 01 November 2022  
Charge for year  
On disposals  
At 31 October 2023  
Net book values
At 31 October 2023 60,000    60,000 
At 31 October 2022 60,000    60,000 


4.

Tangible fixed assets

Cost or valuation Motor Vehicles   Computer Equipment   Land and Buildings   Plant and Machinery   Total
  £   £   £   £   £
At 01 November 2022 543,597    7,277    672,399    215,936    1,439,209 
Additions 128,216          128,216 
Disposals        
At 31 October 2023 671,813    7,277    672,399    215,936    1,567,425 
Depreciation
At 01 November 2022 285,810    5,939    64,371    93,921    450,041 
Charge for year 51,485    444    64,371      116,300 
On disposals        
At 31 October 2023 337,295    6,383    128,742    93,921    566,341 
Net book values
Closing balance as at 31 October 2023 334,518    894    543,657    122,015    1,001,084 
Opening balance as at 01 November 2022 257,787    1,338    608,028    122,015    989,168 

The net book value of Land and Buildings, Plant and Machinery includes £ 665,672 (2022 £730,043) in respect of assets leased under finance leases or hire purchase contracts.

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 55,162    137,412 
Prepayments & Accrued Income   15,994 
55,162    153,406 

6.

Investments

2023
£
  2022
£
Asset held for sale 328,557   
328,557   

7.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 59,520    52,320 
Bank Loans & Overdrafts   28,568 
PAYE & Social Security   84,324 
Obligations under HP/Financial Leases 279,064    17,912 
VAT (3,210)   21,198 
Taxes & social security 51,981   
Directors' Current Accounts 562,673    385,593 
950,028    589,915 

8.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 25,701    36,350 
Taxes & social security   14,974 
25,701    51,324 

9.

Provisions for liabilities

2023
£
  2022
£
Other provision   114,689 
  114,689 

10.

Share Capital

Authorised
0 Class A share of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
2 Class A shares of £1.00 each  
 

11.

Reserves

2023
£
  2022
£
Revaluation Reserve b/fwd 271,379    271,379 
271,379    271,379 

5