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REGISTERED NUMBER: 07263942











Unaudited Financial Statements

for the Period 1 April 2023 to 30 June 2024

for

Expose Designs Ltd

Expose Designs Ltd (Registered number: 07263942)






Contents of the Financial Statements
for the Period 1 April 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Expose Designs Ltd

Company Information
for the Period 1 April 2023 to 30 June 2024







DIRECTORS: Mrs S C Marriott
Mrs H J Marriott
B D Marriott





SECRETARY:





REGISTERED OFFICE: Unit 2c Rudgwick Brickworks
Lynwick Street
Rudgwick
Horsham
West Sussex
RH12 3UW





REGISTERED NUMBER: 07263942





ACCOUNTANTS: Reeves Wilkinson Limited trading as Botting & Co
Chartered Certified Accountants
41b Beach Road
Littlehampton
West Sussex
BN17 5JA

Expose Designs Ltd (Registered number: 07263942)

Balance Sheet
30 June 2024

30.6.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 362,304

CURRENT ASSETS
Debtors 5 1,813,621 554,554
Cash at bank 3,239,454 3,269,993
5,053,075 3,824,547
CREDITORS
Amounts falling due within one year 6 (5,595 ) (684,218 )
NET CURRENT ASSETS 5,047,480 3,140,329
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,047,480

3,502,633

CREDITORS
Amounts falling due after more than one
year

7

-

(302,127

)

PROVISIONS FOR LIABILITIES - (51,983 )
NET ASSETS 5,047,480 3,148,523

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 5,047,180 3,148,223
5,047,480 3,148,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

Expose Designs Ltd (Registered number: 07263942)

Balance Sheet - continued
30 June 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by:





B D Marriott - Director


Expose Designs Ltd (Registered number: 07263942)

Notes to the Financial Statements
for the Period 1 April 2023 to 30 June 2024

1. STATUTORY INFORMATION

Expose Designs Ltd is a private company, limited by shares , registered in Not specified/Other. 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 as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 20% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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 company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Expose Designs Ltd (Registered number: 07263942)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 June 2024

2. ACCOUNTING POLICIES - continued

Going concern
On 1st April 2024 the company sold its entire trade and assets to a third party company for 600,000 Euros (£505,263).

It is the intention of the directors to enter into a Members Voluntary Liquidation to distribute the company's assets to the shareholders and liquidate the company.

Consequently, the accounts have been prepared on the basis that the company is no longer a going concern and asset and liability values shown in the accounts reflect the going concern status of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 13 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 April 2023 608,563
Additions 415,013
Disposals (590,233 )
Revaluations (300,290 )
At 30 June 2024 133,053
DEPRECIATION
At 1 April 2023 246,259
Charge for period 79,590
Eliminated on disposal (192,796 )
At 30 June 2024 133,053
NET BOOK VALUE
At 30 June 2024 -
At 31 March 2023 362,304

Cost or valuation at 30 June 2024 is represented by:

Plant and
machinery
etc
£   
Valuation in 2024 (300,290 )
Cost 433,343
133,053

Expose Designs Ltd (Registered number: 07263942)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 31.3.23
£    £   
Trade debtors 10,559 142,706
Other debtors 1,803,062 411,848
1,813,621 554,554

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 31.3.23
£    £   
Hire purchase contracts - 21,237
Trade creditors 143 351,286
Taxation and social security - 306,937
Other creditors 5,452 4,758
5,595 684,218

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 31.3.23
£    £   
Bank loans - 161,420
Hire purchase contracts - 140,707
- 302,127

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 June 2024 and the year ended 31 March 2023:

30.6.24 31.3.23
£    £   
B D Marriott and Mrs S C Marriott
Balance outstanding at start of period - -
Amounts advanced 1,071,949 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 1,071,949 -

Mrs H J Marriott
Balance outstanding at start of period - -
Amounts advanced 294,608 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 294,608 -