Registered number
11606630
EXOS TRADING LIMITED
Filleted Accounts
31 October 2023
EXOS TRADING LIMITED
Registered number: 11606630
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 19,149 23,936
Current assets
Stocks 2,897 3,161
Debtors 4 6,640 6,640
Cash at bank and in hand 397 12
9,934 9,813
Creditors: amounts falling due within one year 5 (162,602) (166,551)
Net current liabilities (152,668) (156,738)
Net liabilities (133,519) (132,802)
Capital and reserves
Called up share capital 100 100
Profit and loss account (133,619) (132,902)
Shareholder's funds (133,519) (132,802)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Haydar Ulus
Director
Approved by the board on 28 October 2024
EXOS TRADING LIMITED
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicle over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 November 2022 37,400
At 31 October 2023 37,400
Depreciation
At 1 November 2022 13,464
Charge for the year 4,787
At 31 October 2023 18,251
Net book value
At 31 October 2023 19,149
At 31 October 2022 23,936
4 Debtors 2023 2022
£ £
Trade debtors 6,640 6,640
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 40,509
Trade creditors 8,090 6,530
Taxation and social security costs 7,661 7,661
Other creditors 146,851 111,851
162,602 166,551
6 Other information
EXOS TRADING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
183 Angel Place
Fore Street
London
UK
N18 2UD
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