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REGISTERED NUMBER: 10391548 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Exposed Technology Limited

Exposed Technology Limited (Registered number: 10391548)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Exposed Technology Limited

Company Information
for the year ended 31 August 2024







DIRECTOR: P A Lawson





SECRETARY: Mrs C M Lawson





REGISTERED OFFICE: 36 Montgomery Close
Warrington
United Kingdom
Cheshire
WA5 8DL





REGISTERED NUMBER: 10391548 (England and Wales)

Exposed Technology Limited (Registered number: 10391548)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 28,492 22,571

CURRENT ASSETS
Debtors 6 29,274 29,157
Cash at bank 642 738
29,916 29,895
CREDITORS
Amounts falling due within one year 7 (33,920 ) (31,256 )
NET CURRENT LIABILITIES (4,004 ) (1,361 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,488

21,210

CREDITORS
Amounts falling due after more than one year 8 (15,327 ) (18,417 )

PROVISIONS FOR LIABILITIES (1,912 ) (1,987 )
NET ASSETS 7,249 806

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7,149 706
7,249 806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Exposed Technology Limited (Registered number: 10391548)

Statement of Financial Position - continued
31 August 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





P A Lawson - Director


Exposed Technology Limited (Registered number: 10391548)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Exposed Technology Limited ('The Company') is primarily engaged in the provision of IT managment consultancy.

The company is a private company limited by shares and is incorporated in England and Wales. The registered office address is 36 Montgomery Close, Warrington, Cheshire, WA5 8DL and the registered number is 10391548.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No material uncertainties that may cast doubt about the ability of the company to continue as a going concern has been identified by the director.

Therefore the director considers it appropriate to prepare the financial statements on the going concern basis.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Home office - 10% on cost
Office equipment - 33% on cost
Computer equipment - 33% on cost

Assets under construction are not depreciated until such a time that they are fully operational

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 statement of financial position date.


Exposed Technology Limited (Registered number: 10391548)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Assets
Home under Office Computer
office construction equipment equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 - 13,470 12,621 20,650 46,741
Additions - 8,408 3,923 5,180 17,511
Reclassification/transfer 21,878 (21,878 ) - - -
At 31 August 2024 21,878 - 16,544 25,830 64,252
DEPRECIATION
At 1 September 2023 - - 7,258 16,912 24,170
Charge for year 2,187 - 5,515 3,888 11,590
At 31 August 2024 2,187 - 12,773 20,800 35,760
NET BOOK VALUE
At 31 August 2024 19,691 - 3,771 5,030 28,492
At 31 August 2023 - 13,470 5,363 3,738 22,571

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,768 14,426
Other debtors 16,506 14,731
29,274 29,157

Exposed Technology Limited (Registered number: 10391548)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,840 4,083
Taxation and social security 27,648 24,840
Other creditors 2,432 2,333
33,920 31,256

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 15,327 18,417

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
P A Lawson
Balance outstanding at start of year 6,545 6,065
Amounts advanced 11,044 19,000
Amounts repaid (8,726 ) (18,520 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,863 6,545