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REGISTERED NUMBER: 11227986 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ESPO TRADING LIMITED

ESPO TRADING LIMITED (REGISTERED NUMBER: 11227986)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ESPO TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A Collier
G Hopkins
K A Smith
S Hines
G J Ford





REGISTERED OFFICE: Espo Barnsdale Way
Grove Park
Leicester
Leicestershire
LE19 1ES





REGISTERED NUMBER: 11227986 (England and Wales)





ACCOUNTANTS: TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

ESPO TRADING LIMITED (REGISTERED NUMBER: 11227986)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 329,213 329,213

CURRENT ASSETS
Debtors 5 11,784 8,270
Cash at bank 120,476 39,192
132,260 47,462
CREDITORS
Amounts falling due within one year 6 414,602 478,610
NET CURRENT LIABILITIES (282,342 ) (431,148 )
TOTAL ASSETS LESS CURRENT LIABILITIES 46,871 (101,935 )

CAPITAL AND RESERVES
Called up share capital 600 600
Retained earnings 46,271 (102,535 )
46,871 (101,935 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:





S Hines - Director


ESPO TRADING LIMITED (REGISTERED NUMBER: 11227986)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

ESPO Trading Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern
In 2018 the Company was incorporated and acquired certain group undertakings funded by a loan from a related party, ESPO. The loan has no maturity date. It is disclosed as repayable on demand within current liabilities. At 31 March 2024, the Company had net current liabilities of £282,342 and net liabilities of £414,602. The loan continues to be relied upon by the Company to meet its day to day working capital requirements. After assessing profit and cash flow projections and on the basis that the loan will be repaid from future generated cash flows, and after considering the shareholders' intention to continue to provide financial support through ESPO for the foreseeable future, the directors have concluded that the Company's financial statements should continue to be prepared on a going concern basis.

ESPO has no intention of calling in the loan and will commit to providing support for the foreseeable future and a minimum of 18 months.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

ESPO TRADING LIMITED (REGISTERED NUMBER: 11227986)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 April 2023
and 31 March 2024 329,213
NET BOOK VALUE
At 31 March 2024 329,213
At 31 March 2023 329,213

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,784 5,708
Other debtors - 2,562
11,784 8,270

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 38,783 116,822
Amounts owed to group undertakings 365,994 250,312
Taxation and social security 7,825 -
Other creditors 2,000 111,476
414,602 478,610

7. RELATED PARTY DISCLOSURES

The company owed £310,000 to ESPO (a public sector buying organisation that is a related party as its members hold a participating interest in this company). Interest accrues at 5% above LIBOR. The loan is unsecured and is repayable on demand.
The company also purchased goods and services from ESPO. The purchases totalled £421,786 (2023 £729,165) and were at an arm's length basis.