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REGISTERED NUMBER: 12384812 (England and Wales)






















Expensemate Limited

Financial Statements for the Year Ended 31st December 2023






Expensemate Limited (Registered number: 12384812)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Expensemate Limited

Company Information
for the year ended 31st December 2023







DIRECTORS: R M A Clarke
T J Rix
H J Rix
M Binnington





REGISTERED OFFICE: 2 Humber Quays
Wellington Street West
Hull
East Yorkshire
HU1 2BN





REGISTERED NUMBER: 12384812 (England and Wales)





AUDITORS: Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Expensemate Limited (Registered number: 12384812)

Balance Sheet
31st December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 2,818 4,881
Debtors 4 464,044 750,616
466,862 755,497
CREDITORS
Amounts falling due within one year 5 1,727,745 1,757,047
NET CURRENT LIABILITIES (1,260,883 ) (1,001,550 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,260,883

)

(1,001,550

)

CAPITAL AND RESERVES
Called up share capital 775 775
Retained earnings (1,261,658 ) (1,002,325 )
SHAREHOLDERS' FUNDS (1,260,883 ) (1,001,550 )

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 21st May 2024 and were signed on its behalf by:




T J Rix - Director



H J Rix - Director


Expensemate Limited (Registered number: 12384812)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Expensemate Limited 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.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Going concern
The accounts have been prepared on the going concern basis because of the continuing support of the ultimate parent company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

Expensemate Limited (Registered number: 12384812)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 285,526 618,011
Amounts owed by group undertakings 84,778 -
Other debtors 93,740 132,605
464,044 750,616

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,382,111 1,181,195
Trade creditors 904 150,665
Amounts owed to group undertakings - 154,473
Other creditors 344,730 270,714
1,727,745 1,757,047

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Stocks ACA (Senior Statutory Auditor)
for and on behalf of Smailes Goldie

7. CONTINGENT LIABILITIES

The company is party to an unlimited debenture, omnibus guarantee and set-off agreement in favour of Lloyds Banking Group in respect of group borrowings. The potential liability under this agreement amounted to £46,067,086 (2022: £44,377,154).

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. ULTIMATE CONTROLLING PARTY

The parent company of the group of undertakings for which group financial statements are drawn up and of which the company is a member is J. R. Rix & Sons Limited, registered in England and Wales. J. R. Rix & Sons Limited is also the company's ultimate parent undertaking and its registered office is 2 Humber Quays, Wellington Street West, Hull, HU1 2BN. Copies of J. R. Rix & Sons Limited's financial statements can be obtained from Companies House.