Company registration number:
03712040
Exousia Ltd
Unaudited filleted financial statements
31 May 2024
Exousia Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Exousia Ltd
Directors and other information
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Director |
Mr S T Munir |
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Secretary |
Mrs A B Munir |
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Company number |
03712040 |
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Registered office |
53 Hindes Road |
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Harrow |
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Middx |
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HA1 1SQ |
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Accountants |
Doshi & Co. Accountants |
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6th Floor, AMP House |
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Dingwall Road |
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Croydon |
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CR0 2LX |
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Exousia Ltd
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of Exousia Ltd
Year ended 31 May 2024
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 May 2024 which comprise the statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Doshi & Co. Accountants
6th Floor, AMP House
Dingwall Road
Croydon
CR0 2LX
18 February 2025
Exousia Ltd
Statement of financial position
31 May 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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5 |
1,682 |
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1,682 |
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_______ |
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_______ |
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1,682 |
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1,682 |
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Current assets |
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Debtors |
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6 |
- |
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2,467 |
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Cash at bank and in hand |
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55,218 |
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61,667 |
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_______ |
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_______ |
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55,218 |
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64,134 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
56,415) |
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(
64,953) |
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_______ |
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_______ |
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Net current liabilities |
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(
1,197) |
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(
819) |
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_______ |
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Total assets less current liabilities |
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485 |
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863 |
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_______ |
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Net assets |
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485 |
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863 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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2 |
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2 |
Profit and loss account |
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483 |
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861 |
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_______ |
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Shareholders funds |
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485 |
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863 |
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_______ |
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_______ |
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For the year ending 31 May 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
18 February 2025
, and are signed on behalf of the board by:
Mr S T Munir
Director
Company registration number:
03712040
Exousia Ltd
Notes to the financial statements
Year ended 31 May 2024
1.
General information
The company is a private company limited by shares, registered in . The address of the registered office is 53 Hindes Road, Harrow, Middx, HA1 1SQ.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement policy
The company is dormant as defined by section 1169 of the Companies Act 2006. The company incurred no significant transactions during the current year or prior year.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
5.
Tangible assets
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Computer equipment |
Total |
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£ |
£ |
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Cost |
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At 1 June 2023 and 31 May 2024 |
2,243 |
2,243 |
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_______ |
_______ |
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Depreciation |
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At 1 June 2023 and 31 May 2024 |
561 |
561 |
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Carrying amount |
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At 31 May 2024 |
1,682 |
1,682 |
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_______ |
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At 31 May 2023 |
1,682 |
1,682 |
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_______ |
_______ |
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6.
Debtors
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2024 |
2023 |
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£ |
£ |
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Other debtors |
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- |
2,467 |
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_______ |
_______ |
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7.
Creditors: amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Trade creditors |
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1 |
1 |
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Other creditors |
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56,414 |
64,952 |
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_______ |
_______ |
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56,415 |
64,953 |
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_______ |
_______ |
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