EXPANDABLE IT LIMITED

Company Registration Number:
05046576 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

EXPANDABLE IT LIMITED

Contents of the Financial Statements

for the Period Ended 29 February 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

EXPANDABLE IT LIMITED

Company Information

for the Period Ended 29 February 2024




Director: Mike Barnett
Ian Hutty
Registered office: 40
Kildale Close
Sutton On Hull
Hull
East Yorkshire
HU8 9NW
Company Registration Number: 05046576 (England and Wales)

EXPANDABLE IT LIMITED

Directors' Report Period Ended 29 February 2024

The directors present their report with the financial statements of the company for the period ended 29 February 2024

Principal Activities

IT Support company to industry

Directors

The directors shown below have held office during the whole of the period from 01 March 2023 to 29 February 2024
Mike Barnett
Ian Hutty

This report was approved by the board of directors on 31 October 2024
And Signed On Behalf Of The Board By:

Name: Mike Barnett
Status: Director

EXPANDABLE IT LIMITED

Profit and Loss Account

for the Period Ended 29 February 2024


Notes

2024
£

2023
£
Turnover 9,026 9,073
Cost of sales ( 1,732 ) ( 851 )
Gross Profit or (Loss) 7,294 8,222
Income from coronavirus (COVID-19) business support grants 0 0
Administrative Expenses ( 3,847 ) ( 3,518 )
Operating Profit or (Loss) 3,447 4,704
Profit or (Loss) Before Tax 3,447 4,704
Tax on Profit ( 665 ) ( 866 )
Profit or (Loss) for Period 2,782 3,838

The notes form part of these financial statements

EXPANDABLE IT LIMITED

Balance sheet

As at 29 February 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 1,013 1,351
Total fixed assets: 1,013 1,351
Current assets
Debtors: 5 4,869 5,230
Cash at bank and in hand: 8,455 7,157
Total current assets: 13,324 12,387
Creditors: amounts falling due within one year: 6 ( 3,811 ) ( 4,619 )
Net current assets (liabilities): 9,513 7,768
Total assets less current liabilities: 10,526 9,119
Total net assets (liabilities): 10,526 9,119

The notes form part of these financial statements

EXPANDABLE IT LIMITED

Balance sheet continued

As at 29 February 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 40 40
Profit and loss account: 10,486 9,079
Shareholders funds: 10,526 9,119

For the year ending 29 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

This report was approved by the board of directors on 31 October 2024
And Signed On Behalf Of The Board By:

Name: Mike Barnett
Status: Director

The notes form part of these financial statements

EXPANDABLE IT LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

EXPANDABLE IT LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 3 3

EXPANDABLE IT LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 3. Off balance sheet disclosure

    No

EXPANDABLE IT LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Tangible assets

Fixtures & fittings Total
Cost £ £
At 01 March 2023 7,142 7,142
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 29 February 2024 7,142 7,142
Depreciation
At 01 March 2023 5,791 5,791
Charge for year 338 338
On disposals - -
Other adjustments - -
At 29 February 2024 6,129 6,129
Net book value
At 29 February 2024 1,013 1,013
At 28 February 2023 1,351 1,351

EXPANDABLE IT LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. Debtors


2024
£

2023
£
Trade debtors 4,869 5,230
Total 4,869 5,230

EXPANDABLE IT LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 95 95
Taxation and social security 3,009 3,367
Accruals and deferred income 50 875
Other creditors 657 282
Total 3,811 4,619