Registered number
14891455
ExeGeo Ltd
Unaudited Filleted Accounts
31 May 2024
ExeGeo Ltd
Registered number: 14891455
Balance Sheet
as at 31 May 2024
Notes 2024
£
Fixed assets
Tangible assets 3 1,114
Current assets
Debtors 4 325
Cash at bank and in hand 20,830
21,155
Creditors: amounts falling due within one year 5 (14,252)
Net current assets 6,903
Total assets less current liabilities 8,017
Provisions for liabilities (212)
Net assets 7,805
Capital and reserves
Called up share capital 1
Profit and loss account 7,804
Shareholders' funds 7,805
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 members have 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 D Gough
Director
Approved by the board on 12 November 2024
ExeGeo Ltd
Notes to the Accounts
for the period from 23 May 2023 to 31 May 2024
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). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
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 from the rendering of services is recognised by reference to the stage of completion of the contract.
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:
Plant and machinery over 4 years
Debtors and creditors receivable/ payable within one year
Debtors and creditors with no stated interest rate and receivable anf payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 1,486
At 31 May 2024 1,486
Depreciation
Charge for the period 372
At 31 May 2024 372
Net book value
At 31 May 2024 1,114
4 Debtors 2024
£
Other debtors 325
5 Creditors: amounts falling due within one year 2024
£
Taxation and social security costs 9,164
Other creditors 5,088
14,252
6 Other information
ExeGeo Ltd is a private company limited by shares and incorporated in England. Its registered office is:
14 Cowick Lane
Exeter
Devon
EX2 9HB
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