Registered number
08130746
EXPANSIA INFORMATICS LTD
Filleted Accounts
31 July 2024
EXPANSIA INFORMATICS LTD
Registered number: 08130746
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 13
Current assets
Cash at bank and in hand 557 51
Creditors: amounts falling due within one year 4 (28,336) (11,147)
Net current liabilities (27,779) (11,096)
Total assets less current liabilities (27,779) (11,083)
Creditors: amounts falling due after more than one year 5 (19,785) (21,855)
Net liabilities (47,564) (32,938)
Capital and reserves
Called up share capital 100 100
Profit and loss account (47,664) (33,038)
Shareholders' funds (47,564) (32,938)
The directors are 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 directors acknowledge their 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.
Abhijeet Sonawane
Director
Approved by the board on 16 October 2024
EXPANSIA INFORMATICS LTD
Notes to the Accounts
for the year ended 31 July 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).
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:
Computers & equipment 25% reducing balance
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 306
At 31 July 2024 306
Depreciation
At 1 August 2023 293
Charge for the year 13
At 31 July 2024 306
Net book value
At 31 July 2024 -
At 31 July 2023 13
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs (503) (1,523)
Other creditors 28,839 12,670
28,336 11,147
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 19,785 21,855
6 Other information
EXPANSIA INFORMATICS LTD is a private company limited by shares and incorporated in England. Its registered office is:
83 Nickling Road
Banbury
England
OX16 1BB
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