Company Registration No. 06660819 (England and Wales)
Expert Financial Limited
Unaudited accounts
for the year ended 31 December 2023
Expert Financial Limited
Unaudited accounts
Contents
Expert Financial Limited
Company Information
for the year ended 31 December 2023
Directors
Matthew William Hays
Samuel Shortt
Company Number
06660819 (England and Wales)
Expert Financial Limited
Statement of financial position
as at 31 December 2023
Tangible assets
71,186
6,420
Cash at bank and in hand
14,375
20,531
Creditors: amounts falling due within one year
(82,995)
(65,252)
Net current assets
35,407
45,539
Total assets less current liabilities
106,593
51,959
Creditors: amounts falling due after more than one year
(100,701)
(40,077)
Called up share capital
100
100
Profit and loss account
5,792
11,782
Shareholders' funds
5,892
11,882
For the year ending 31 December 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by
Matthew William Hays
Director
Company Registration No. 06660819
Expert Financial Limited
Notes to the Accounts
for the year ended 31 December 2023
Expert Financial Limited is a private company, limited by shares, registered in England and Wales, registration number 06660819.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
33% Straight Line
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2023
-
20,360
20,360
Additions
69,895
427
70,322
At 31 December 2023
69,895
20,787
90,682
At 1 January 2023
-
13,940
13,940
Charge for the year
1,942
3,614
5,556
At 31 December 2023
1,942
17,554
19,496
At 31 December 2023
67,953
3,233
71,186
At 31 December 2022
-
6,420
6,420
Amounts falling due within one year
Accrued income and prepayments
100,277
85,947
Expert Financial Limited
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,861
6,861
Obligations under finance leases and hire purchase contracts
3,799
-
Taxes and social security
56,098
42,484
Other creditors
1,166
1,407
Loans from directors
(11,400)
(14,209)
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
65,115
-
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).