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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
Page
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Expert Financial Limited Company Information for the year ended 31 December 2023
Directors
Matthew William Hays Samuel Shortt
Company Number
06660819 (England and Wales)
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Expert Financial Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
71,186 
6,420 
Current assets
Debtors
104,027 
90,260 
Cash at bank and in hand
14,375 
20,531 
118,402 
110,791 
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)
Net assets
5,892 
11,882 
Capital and reserves
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
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Expert Financial Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 December 2023
67,953 
3,233 
71,186 
At 31 December 2022
- 
6,420 
6,420 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
100,277 
85,947 
Other debtors
3,750 
4,313 
104,027 
90,260 
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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)
Accruals
26,471 
28,709 
82,995 
65,252 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
35,586 
40,077 
Obligations under finance leases and hire purchase contracts
65,115 
- 
100,701 
40,077 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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