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REGISTERED NUMBER: 06972521 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

EXSA IMPORTS LIMITED

EXSA IMPORTS LIMITED (REGISTERED NUMBER: 06972521)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EXSA IMPORTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr P A Haynes
Mr J S Jordaan
Mr E F F Perold
Mr A F Phillips
Mr S C Smith
Mr L Viljoen





REGISTERED OFFICE: Ground Floor Marlborough House,
298 Regents Park Road
London
N3 2SZ





REGISTERED NUMBER: 06972521 (England and Wales)





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ

EXSA IMPORTS LIMITED (REGISTERED NUMBER: 06972521)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,407 791

CURRENT ASSETS
Stocks 5 115,347 191,409
Debtors 6 893,674 886,218
Cash at bank 1,125,294 917,323
2,134,315 1,994,950
CREDITORS
Amounts falling due within one year 7 1,324,926 1,211,571
NET CURRENT ASSETS 809,389 783,379
TOTAL ASSETS LESS CURRENT LIABILITIES 811,796 784,170

CAPITAL AND RESERVES
Called up share capital 8 1,004 1,004
Share premium 9 249,000 249,000
Retained earnings 9 561,792 534,166
SHAREHOLDERS' FUNDS 811,796 784,170

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 25 February 2025 and were signed on its behalf by:





Mr P A Haynes - Director


EXSA IMPORTS LIMITED (REGISTERED NUMBER: 06972521)

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

1. STATUTORY INFORMATION

EXSA Imports 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.

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.

Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

EXSA IMPORTS LIMITED (REGISTERED NUMBER: 06972521)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 9,632 13,199 22,831
Additions - 3,209 3,209
At 31 August 2024 9,632 16,408 26,040
DEPRECIATION
At 1 September 2023 9,632 12,408 22,040
Charge for year - 1,593 1,593
At 31 August 2024 9,632 14,001 23,633
NET BOOK VALUE
At 31 August 2024 - 2,407 2,407
At 31 August 2023 - 791 791

5. STOCKS
31.8.24 31.8.23
£    £   
Stocks 115,347 191,409

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 866,194 861,389
Other debtors 4,575 4,575
VAT 22,905 20,254
893,674 886,218

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 884,021 855,262
Corporation tax 154,092 112,991
Social security and other taxes 17,767 6,537
Pension Fund 770 390
Other creditors 234,991 234,991
Accruals and deferred income 33,285 1,400
1,324,926 1,211,571

EXSA IMPORTS LIMITED (REGISTERED NUMBER: 06972521)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1,000 Ordinary shares £1 1,000 1,000
1 Ordinary A shares £1 1 1
1 Ordinary B Shares £1 1 1
1 Ordinary C Shares £1 1 1
1 Ordinary D Shares £1 1 1
1,004 1,004

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 September 2023 534,166 249,000 783,166
Profit for the year 427,306 427,306
Dividends (399,680 ) (399,680 )
At 31 August 2024 561,792 249,000 810,792

10. RELATED PARTY DISCLOSURES

The company purchased produce from Exsa Holdings (PTY) Limited totalling £1,745,036 (2023: £1,476,892) in the year. Exsa Holdings (PTY) Limited owns 46% of the shares of the company.

During the year total dividends of £149,600 (2023: £207,840) were paid to the directors.

The company was under the control of the directors throughout the current year.