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REGISTERED NUMBER: 04261526 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

EXDS Limited

EXDS Limited (Registered number: 04261526)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


EXDS Limited (Registered number: 04261526)

Abridged Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,437 1,526

CURRENT ASSETS
Stocks 40,000 55,000
Debtors 418,825 361,771
Cash at bank 185,615 290,711
644,440 707,482
CREDITORS
Amounts falling due within one year 325,693 374,285
NET CURRENT ASSETS 318,747 333,197
TOTAL ASSETS LESS CURRENT
LIABILITIES

320,184

334,723

PROVISIONS FOR LIABILITIES 5 360 382
NET ASSETS 319,824 334,341

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 319,724 334,241
SHAREHOLDERS' FUNDS 319,824 334,341

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

EXDS Limited (Registered number: 04261526)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 5 March 2025 and were signed on its behalf by:




Mr S R Grimbley - Director



Ms P J Evans - Director


EXDS Limited (Registered number: 04261526)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

EXDS Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04261526

Registered office: 10 Stinchar Drive
Chandlers Ford
Eastleigh
Hampshire
SO53 4QH

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.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Office 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 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 year 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.

EXDS Limited (Registered number: 04261526)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 86,459
Additions 1,135
At 30 June 2024 87,594
DEPRECIATION
At 1 July 2023 84,933
Charge for year 1,224
At 30 June 2024 86,157
NET BOOK VALUE
At 30 June 2024 1,437
At 30 June 2023 1,526

5. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 360 382

Deferred
tax
£   
Balance at 1 July 2023 382
Movement in year (22 )
Balance at 30 June 2024 360

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
70 Ordinary A £1 70 70
30 Ordinary B £1 30 30
100 100

EXDS Limited (Registered number: 04261526)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr S R Grimbley and Ms P J Evans
Balance outstanding at start of year 800 439
Amounts advanced - 800
Amounts repaid (800 ) (439 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 800