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Registered number: 07789947
Expertina Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
LK & Associates Limited
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of Expertina Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Expertina Limited for the year ended 31 March 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Expertina Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Expertina Limited and state those matters that we have agreed to state to the director of Expertina Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Expertina Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Expertina Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Expertina Limited . You consider that Expertina Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Expertina Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
LK & Associates Ltd
28/10/2024
LK & Associates Limited
ICAEW Chartered Accountants
2a High Street
Thames Ditton
KT7 0RY
Page 1
Page 2
Balance Sheet
Registered number: 07789947
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 591 793
591 793
CURRENT ASSETS
Debtors 5 1 46,542
Cash at bank and in hand 104 104
105 46,646
Creditors: Amounts Falling Due Within One Year 6 (32,011 ) (21,797 )
NET CURRENT ASSETS (LIABILITIES) (31,906 ) 24,849
TOTAL ASSETS LESS CURRENT LIABILITIES (31,315 ) 25,642
Creditors: Amounts Falling Due After More Than One Year 7 (8,387 ) (10,575 )
NET (LIABILITIES)/ASSETS (39,702 ) 15,067
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (39,703 ) 15,066
SHAREHOLDERS' FUNDS (39,702) 15,067
Page 2
Page 3
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
D R Jones
Director
28/10/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Expertina Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07789947 . The registered office is PO Box 4385, 07789947, Companies House Default Address, Cardiff, CF14 8LH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2023 1,012
As at 31 March 2024 1,012
Depreciation
As at 1 April 2023 219
Provided during the period 202
As at 31 March 2024 421
Net Book Value
As at 31 March 2024 591
As at 1 April 2023 793
Page 4
Page 5
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings - 46,542
Other debtors 1 -
1 46,542
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 10,700 13,659
Other creditors 21,211 8,038
Taxation and social security 100 100
32,011 21,797
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank Loans > 1 year 8,387 10,575
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5