Experience Shared Limited 14532252 false 2022-12-09 2024-03-31 2024-03-31 The principal activity of the company is that of professional consultancy activities. Digita Accounts Production Advanced 6.30.9574.0 true 14532252 2022-12-09 2024-03-31 14532252 2024-03-31 14532252 core:RetainedEarningsAccumulatedLosses 2024-03-31 14532252 core:ShareCapital 2024-03-31 14532252 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14532252 core:OfficeEquipment 2024-03-31 14532252 bus:SmallEntities 2022-12-09 2024-03-31 14532252 bus:AuditExemptWithAccountantsReport 2022-12-09 2024-03-31 14532252 bus:FilletedAccounts 2022-12-09 2024-03-31 14532252 bus:SmallCompaniesRegimeForAccounts 2022-12-09 2024-03-31 14532252 bus:Director1 2022-12-09 2024-03-31 14532252 bus:PrivateLimitedCompanyLtd 2022-12-09 2024-03-31 14532252 core:OfficeEquipment 2022-12-09 2024-03-31 14532252 countries:AllCountries 2022-12-09 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 14532252

Experience Shared Limited

Directors' Report and Unaudited Financial Statements

for the Period from 9 December 2022 to 31 March 2024

 

Experience Shared Limited

(Registration number: 14532252)

Balance Sheet as at 31 March 2024

Note

2024
£

Fixed assets

 

Tangible assets

3

876

Current assets

 

Cash at bank and in hand

 

6,489

Creditors: Amounts falling due within one year

4

(5,307)

Net current assets

 

1,182

Net assets

 

2,058

Capital and reserves

 

Called up share capital

100

Retained earnings

1,958

Shareholders' funds

 

2,058

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 29 August 2024 and signed on its behalf by:
 

.........................................

G G Dowdle

Director

 

Experience Shared Limited

Notes to the Unaudited Financial Statements for the Period from 9 December 2022 to 31 March 2024

1

Accounting policies

Statutory information

Experience Shared Limited is a private company, limited by shares, domiciled in England and Wales, company number 14532252. The registered office is at Pegasus House, 463a Glossop Road, Sheffield, S10 2QD.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% straight line

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Experience Shared Limited

Notes to the Unaudited Financial Statements for the Period from 9 December 2022 to 31 March 2024 (continued)

2

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

3

Tangible assets

Office equipment
£

Cost or valuation

Additions

1,168

At 31 March 2024

1,168

Depreciation

Charge for the period

292

At 31 March 2024

292

Carrying amount

At 31 March 2024

876

4

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

560

Accruals and deferred income

1,500

Director's loan account

3,247

5,307

 

Experience Shared Limited

Notes to the Unaudited Financial Statements for the Period from 9 December 2022 to 31 March 2024 (continued)

5

Related party transactions

During the period the director, G G Dowdle, had an interest free loan account with the Company. At the balance sheet date the amount due to G G Dowdle was £3,247.