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EXPERIENCE INTERACTIVE LTD

Registered Number
14132030
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

EXPERIENCE INTERACTIVE LTD
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

NICHOLLS, Nathan

Registered Address

4 Clare Corner
London
SE9 2AE

Registered Number

14132030 (England and Wales)
EXPERIENCE INTERACTIVE LTD
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets356,85781,464
56,85781,464
Current assets
Debtors44,26434,716
Cash at bank and on hand25,2879,514
69,55144,230
Creditors amounts falling due within one year4(52,033)(51,418)
Net current assets (liabilities)17,518(7,188)
Total assets less current liabilities74,37574,276
Creditors amounts falling due after one year5(21,528)-
Net assets52,84774,276
Capital and reserves
Called up share capital11
Revaluation reserve69,73269,732
Profit and loss account(16,886)4,543
Shareholders' funds52,84774,276
The financial statements were approved and authorised for issue by the Director on 26 February 2025, and are signed on its behalf by:
NICHOLLS, Nathan
Director
Registered Company No. 14132030
EXPERIENCE INTERACTIVE LTD
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from rendering of services
Revenue from the rendering of services is recognised when the display solution is provided to the customers
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year43
3.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 June 2393,0044,1968,996106,196
Additions-7068431,549
At 31 May 2493,0044,9029,839107,745
Depreciation and impairment
At 01 June 2322,99883989524,732
Charge for year23,2518632,04226,156
At 31 May 2446,2491,7022,93750,888
Net book value
At 31 May 2446,7553,2006,90256,857
At 31 May 2370,0063,3578,10181,464
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,6578,787
Bank borrowings and overdrafts19,1768,719
Taxation and social security25,5297,918
Other creditors50825,744
Accrued liabilities and deferred income5,163250
Total52,03351,418
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts21,528-
Total21,528-
6.Related party transactions
On 4th December 2023, the company was wholly acquired by Experience Interactive Holdings Ltd which is under the control of the director. As at 31 May 2024, Experience Interactive Holdings Ltd owed the company £2,120 (31 May 2023, Nil).