Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Mr G Hextall 17/05/2006 24 December 2024 The principal activity of the Company during the financial year was that of the provision of management consultancy services. 05819739 2024-09-30 05819739 bus:Director1 2024-09-30 05819739 2023-09-30 05819739 core:CurrentFinancialInstruments 2024-09-30 05819739 core:CurrentFinancialInstruments 2023-09-30 05819739 core:ShareCapital 2024-09-30 05819739 core:ShareCapital 2023-09-30 05819739 core:RetainedEarningsAccumulatedLosses 2024-09-30 05819739 core:RetainedEarningsAccumulatedLosses 2023-09-30 05819739 core:FurnitureFittings 2023-09-30 05819739 core:OfficeEquipment 2023-09-30 05819739 core:FurnitureFittings 2024-09-30 05819739 core:OfficeEquipment 2024-09-30 05819739 2023-10-01 2024-09-30 05819739 bus:FilletedAccounts 2023-10-01 2024-09-30 05819739 bus:SmallEntities 2023-10-01 2024-09-30 05819739 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 05819739 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05819739 bus:Director1 2023-10-01 2024-09-30 05819739 core:FurnitureFittings 2023-10-01 2024-09-30 05819739 core:OfficeEquipment core:TopRangeValue 2023-10-01 2024-09-30 05819739 2022-10-01 2023-09-30 05819739 core:OfficeEquipment 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Company No: 05819739 (England and Wales)

HEXPERTISE LTD

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

HEXPERTISE LTD

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

HEXPERTISE LTD

BALANCE SHEET

As at 30 September 2024
HEXPERTISE LTD

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,589 915
1,589 915
Current assets
Debtors 4 20,160 20,880
Cash at bank and in hand 492,048 494,382
512,208 515,262
Creditors: amounts falling due within one year 5 ( 45,605) ( 46,895)
Net current assets 466,603 468,367
Total assets less current liabilities 468,192 469,282
Net assets 468,192 469,282
Capital and reserves
Called-up share capital 12 12
Profit and loss account 468,180 469,270
Total shareholders' funds 468,192 469,282

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

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Hexpertise Ltd (registered number: 05819739) were approved and authorised for issue by the Director on 24 December 2024. They were signed on its behalf by:

Mr G Hextall
Director
HEXPERTISE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
HEXPERTISE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hexpertise Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5 Handley Gardens, Bolton, BL1 5GR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 15 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Tangible assets

Fixtures and fittings Office equipment Total
£ £ £
Cost
At 01 October 2023 157 2,808 2,965
Additions 0 1,171 1,171
Disposals 0 ( 292) ( 292)
At 30 September 2024 157 3,687 3,844
Accumulated depreciation
At 01 October 2023 143 1,907 2,050
Charge for the financial year 2 495 497
Disposals 0 ( 292) ( 292)
At 30 September 2024 145 2,110 2,255
Net book value
At 30 September 2024 12 1,577 1,589
At 30 September 2023 14 901 915

4. Debtors

2024 2023
£ £
Trade debtors 20,160 20,880

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 42,221 42,321
Other creditors 3,384 4,574
45,605 46,895