Exegon Limited 02281283 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is Mechanical and Electrical Engineering Digita Accounts Production Advanced 6.30.9574.0 true true true 02281283 2023-05-01 2024-04-30 02281283 2024-04-30 02281283 bus:OrdinaryShareClass1 2024-04-30 02281283 core:CurrentFinancialInstruments 2024-04-30 02281283 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 02281283 core:FurnitureFittings 2024-04-30 02281283 core:OtherRelatedParties 2024-04-30 02281283 bus:SmallEntities 2023-05-01 2024-04-30 02281283 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 02281283 bus:FilletedAccounts 2023-05-01 2024-04-30 02281283 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 02281283 bus:RegisteredOffice 2023-05-01 2024-04-30 02281283 bus:Director1 2023-05-01 2024-04-30 02281283 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 02281283 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02281283 core:PlantMachinery 2023-05-01 2024-04-30 02281283 core:OtherRelatedParties 2023-05-01 2024-04-30 02281283 core:OtherRelatedParties core:RenderingOrReceivingServices 2023-05-01 2024-04-30 02281283 core:OtherRelatedParties core:SaleOrPurchaseGoods 2023-05-01 2024-04-30 02281283 1 2023-05-01 2024-04-30 02281283 countries:England 2023-05-01 2024-04-30 02281283 2023-04-30 02281283 core:FurnitureFittings 2023-04-30 02281283 core:OtherRelatedParties 2023-04-30 02281283 2022-05-01 2023-04-30 02281283 2023-04-30 02281283 bus:OrdinaryShareClass1 2023-04-30 02281283 core:CurrentFinancialInstruments 2023-04-30 02281283 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 02281283 core:FurnitureFittings 2023-04-30 02281283 core:OtherRelatedParties 2023-04-30 02281283 core:OtherRelatedParties 2022-05-01 2023-04-30 02281283 core:OtherRelatedParties core:RenderingOrReceivingServices 2022-05-01 2023-04-30 02281283 core:OtherRelatedParties core:SaleOrPurchaseGoods 2022-05-01 2023-04-30 02281283 2022-04-30 02281283 core:OtherRelatedParties 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02281283

Exegon Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Exegon Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Exegon Limited

Company Information

Director

Mr M J Batty

Registered office

1, 2, & 3 Poulsons Yard
Strattons Walk
Melksham
Wiltshire
SN12 6JL

 

Exegon Limited

(Registration number: 02281283)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

367

432

Current assets

 

Stocks

5

165,581

148,231

Debtors

6

115,551

141,592

Cash at bank and in hand

 

103,509

44,309

 

384,641

334,132

Creditors: Amounts falling due within one year

7

(302,643)

(301,479)

Net current assets

 

81,998

32,653

Net assets

 

82,365

33,085

Capital and reserves

 

Called up share capital

8

1,000

1,000

Retained earnings

81,365

32,085

Shareholders' funds

 

82,365

33,085

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 November 2024
 

.........................................
Mr M J Batty
Director

 

Exegon Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1, 2, & 3 Poulsons Yard
Strattons Walk
Melksham
Wiltshire
SN12 6JL
England

These financial statements were authorised for issue by the director on 28 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Exegon Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Tax

Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is provided in full on timing differences, which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

15% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

 

Exegon Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2023 - 7).

 

Exegon Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 May 2023

14,490

14,490

At 30 April 2024

14,490

14,490

Depreciation

At 1 May 2023

14,123

14,123

At 30 April 2024

14,123

14,123

Carrying amount

At 30 April 2024

367

367

At 30 April 2023

432

432

5

Stocks

2024
£

2023
£

Other inventories

165,581

148,231

6

Debtors

Current

2024
£

2023
£

Trade debtors

92,630

134,457

Prepayments

3,107

1,391

Other debtors

19,814

5,744

 

115,551

141,592

7

Creditors

Creditors: amounts falling due within one year

 

Exegon Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

139,845

222,298

Trade creditors

 

135,767

50,236

Taxation and social security

 

23,158

24,169

Accruals and deferred income

 

3,265

4,776

Other creditors

 

608

-

 

302,643

301,479

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

1,000

1,000

1,000

1,000

       

9

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

139,845

222,298

10

Related party transactions

Income and receivables from related parties

2024

Other related parties
£

Sale of goods

84,952

Amounts receivable from related party

19,242

2023

Other related parties
£

Sale of goods

111,417

Amounts receivable from related party

9,193

Expenditure with and payables to related parties

 

Exegon Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

2024

Other related parties
£

Purchase of goods

167,978

Rendering of services

27,853

195,831

Amounts payable to related party

(112,251)

2023

Other related parties
£

Purchase of goods

281,269

Rendering of services

33,506

314,775

Amounts payable to related party

(41,381)

Loans from related parties

2024

Other related parties
£

Total
£

At start of period

222,298

222,298

Repaid

(84,411)

(84,411)

Interest transactions

1,958

1,958

At end of period

139,845

139,845

2023

Other related parties
£

Total
£

At start of period

249,857

249,857

Repaid

(30,000)

(30,000)

Interest transactions

2,441

2,441

At end of period

222,298

222,298

11

Parent and ultimate parent undertaking

The ultimate controlling party is Mr M Batty.