IRIS Accounts Production v24.2.0.383 06020187 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh060201872022-12-31060201872023-12-31060201872023-01-012023-12-31060201872021-12-31060201872022-01-012022-12-31060201872022-12-3106020187ns15:EnglandWales2023-01-012023-12-3106020187ns14:PoundSterling2023-01-012023-12-3106020187ns10:Director12023-01-012023-12-3106020187ns10:Director22023-01-012023-12-3106020187ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106020187ns10:SmallEntities2023-01-012023-12-3106020187ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3106020187ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106020187ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106020187ns10:FullAccounts2023-01-012023-12-310602018712023-01-012023-12-3106020187ns10:CompanySecretary12023-01-012023-12-3106020187ns10:RegisteredOffice2023-01-012023-12-3106020187ns5:CurrentFinancialInstruments2023-12-3106020187ns5:CurrentFinancialInstruments2022-12-3106020187ns5:ShareCapital2023-12-3106020187ns5:ShareCapital2022-12-3106020187ns5:RetainedEarningsAccumulatedLosses2023-12-3106020187ns5:RetainedEarningsAccumulatedLosses2022-12-310602018712023-01-012023-12-3106020187ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3106020187ns5:ComputerSoftware2023-01-012023-12-3106020187ns5:PlantMachinery2023-01-012023-12-3106020187ns5:IntangibleAssetsOtherThanGoodwill2022-12-3106020187ns5:IntangibleAssetsOtherThanGoodwill2023-12-3106020187ns5:IntangibleAssetsOtherThanGoodwill2022-12-3106020187ns5:PlantMachinery2022-12-3106020187ns5:PlantMachinery2023-12-31
REGISTERED NUMBER: 06020187 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE EXCHANGE MARKETING CONSULTANTS LTD

THE EXCHANGE MARKETING CONSULTANTS LTD (REGISTERED NUMBER: 06020187)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE EXCHANGE MARKETING CONSULTANTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R G Smith
N F Smith





SECRETARY: N F Smith





REGISTERED OFFICE: 9 Gorringe Valley Road
Eastbourne
East Sussex
BN20 9SX





REGISTERED NUMBER: 06020187 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

THE EXCHANGE MARKETING CONSULTANTS LTD (REGISTERED NUMBER: 06020187)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Cash at bank 39,814 46,174

CREDITORS
Amounts falling due within one year 6 (18,580 ) (24,837 )
NET CURRENT ASSETS 21,234 21,337
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,234

21,337

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 21,134 21,237
SHAREHOLDERS' FUNDS 21,234 21,337

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2024 and were signed on its behalf by:




R G Smith - Director



N F Smith - Director


THE EXCHANGE MARKETING CONSULTANTS LTD (REGISTERED NUMBER: 06020187)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

The Exchange Marketing Consultants Ltd 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.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements have had to be made by management in preparing these financial statements.

There were no key assumptions made concerning the future, and other key sources of estimation uncertainty at reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


THE EXCHANGE MARKETING CONSULTANTS LTD (REGISTERED NUMBER: 06020187)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Website development costs
The cost of setting up the company website has been capitalised as an intangible asset on the company's balance sheet. Amortisation is provided on a straight line basis at the annual rate of 25% in order to write this asset off over its expected useful life.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 4,730
AMORTISATION
At 1 January 2023
and 31 December 2023 4,730
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

THE EXCHANGE MARKETING CONSULTANTS LTD (REGISTERED NUMBER: 06020187)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 15,405
DEPRECIATION
At 1 January 2023
and 31 December 2023 15,405
NET BOOK VALUE
At 31 December 2023 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,479 10,446
Trade creditors - 1
Taxation and social security 10,212 14,187
Other creditors 889 203
18,580 24,837

7. ULTIMATE CONTROLLING PARTY

Mr R G Smith owns 56% of the ordinary share capital of the company and is considered to be the ultimate controlling party.