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REGISTERED NUMBER: 13583157 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

EXI MEP GROUP LIMITED

EXI MEP GROUP LIMITED (REGISTERED NUMBER: 13583157)

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










Page

Company Information 1

Report of the Directors 2

Consolidated Income Statement 3

Consolidated Balance Sheet 4

Company Balance Sheet 6

Notes to the Consolidated Financial Statements 8


EXI MEP GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: T L Evert
R J Kinnersley





REGISTERED OFFICE: 111 Berkeley Road South
Earlsdon
Coventry
CV5 6EF





REGISTERED NUMBER: 13583157 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

EXI MEP GROUP LIMITED (REGISTERED NUMBER: 13583157)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2024


The directors present their report with the financial statements of the company and the group for the year ended 31 March 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

T L Evert
R J Kinnersley

CHARITABLE DONATIONS AND EXPENDITURE
Charitable donations were made throughout the year totalling £10,252 (2023: 4,293).

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





T L Evert - Director


4 December 2024

EXI MEP GROUP LIMITED (REGISTERED NUMBER: 13583157)

CONSOLIDATED
INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
£    £   

TURNOVER 3,929,276 2,750,219

Cost of sales 248,618 33,481
GROSS PROFIT 3,680,658 2,716,738

Administrative expenses 1,951,782 990,052
OPERATING PROFIT 1,728,876 1,726,686

Interest receivable and similar income 21,672 2,308
1,750,548 1,728,994

Interest payable and similar expenses 32 -
PROFIT BEFORE TAXATION 1,750,516 1,728,994

Tax on profit 453,357 331,164
PROFIT FOR THE FINANCIAL YEAR 1,297,159 1,397,830

Profit attributable to:
Owners of the parent 1,088,059 1,170,002
Non-controlling interests 209,100 227,828
1,297,159 1,397,830

EXI MEP GROUP LIMITED (REGISTERED NUMBER: 13583157)

CONSOLIDATED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 15,024 16,697

CURRENT ASSETS
Debtors 6 1,104,378 760,198
Cash at bank 1,034,720 927,878
2,139,098 1,688,076
CREDITORS
Amounts falling due within one year 8 1,234,936 1,160,826
NET CURRENT ASSETS 904,162 527,250
TOTAL ASSETS LESS CURRENT
LIABILITIES

919,186

543,947

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 700,504 429,816
700,607 429,919

NON-CONTROLLING INTERESTS 218,579 114,028
TOTAL EQUITY 919,186 543,947

The company and the group are 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 and the group 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 group 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 and the group as at the end of each financial year and of the group's 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 and the group.

EXI MEP GROUP LIMITED (REGISTERED NUMBER: 13583157)

CONSOLIDATED BALANCE SHEET - continued
31 MARCH 2024


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

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2024 and were signed on its behalf by:





T L Evert - Director


EXI MEP GROUP LIMITED (REGISTERED NUMBER: 13583157)

COMPANY BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 11,994 12,209

CURRENT ASSETS
Debtors 6 353,048 422,801
Investments 7 292 292
Cash at bank 101,204 84,707
454,544 507,800
CREDITORS
Amounts falling due within one year 8 386,206 449,024
NET CURRENT ASSETS 68,338 58,776
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,332

70,985

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 80,229 70,882
80,332 70,985

Company's profit for the financial year 416,963 558,111

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.

EXI MEP GROUP LIMITED (REGISTERED NUMBER: 13583157)

COMPANY BALANCE SHEET - continued
31 MARCH 2024


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

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by:





T L Evert - Director


EXI MEP GROUP LIMITED (REGISTERED NUMBER: 13583157)

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


1. STATUTORY INFORMATION

exi MEP Group 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 General 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% per annum of cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 17 ) .

EXI MEP GROUP LIMITED (REGISTERED NUMBER: 13583157)

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


4. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


5. TANGIBLE FIXED ASSETS

Group
Computer
equipment
£   
COST
At 1 April 2023 22,062
Additions 8,341
Disposals (679 )
At 31 March 2024 29,724
DEPRECIATION
At 1 April 2023 5,365
Charge for year 9,354
Eliminated on disposal (19 )
At 31 March 2024 14,700
NET BOOK VALUE
At 31 March 2024 15,024
At 31 March 2023 16,697

Company
Computer
equipment
£   
COST
At 1 April 2023 14,886
Additions 7,083
Disposals (679 )
At 31 March 2024 21,290
DEPRECIATION
At 1 April 2023 2,677
Charge for year 6,638
Eliminated on disposal (19 )
At 31 March 2024 9,296
NET BOOK VALUE
At 31 March 2024 11,994
At 31 March 2023 12,209

EXI MEP GROUP LIMITED (REGISTERED NUMBER: 13583157)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 1,089,487 755,058 92,733 126,393
Amounts owed by group undertakings 3,134 - 248,994 291,430
Other debtors 11,757 5,140 11,321 4,978
1,104,378 760,198 353,048 422,801

7. CURRENT ASSET INVESTMENTS

Company
2024 2023
£    £   
Shares in group undertakings 292 292

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade creditors 82,719 18,399 5,208 23,175
Amounts owed to group undertakings 7,435 4,936 905 -
Taxation and social security 766,448 643,370 112,113 93,160
Other creditors 378,334 494,121 267,980 332,689
1,234,936 1,160,826 386,206 449,024