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REGISTERED NUMBER: 08647916 (England and Wales)
















Financial Statements for the Year Ended 31 August 2024

for

Exe-changes Limited

Exe-changes Limited (Registered number: 08647916)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Exe-changes Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mrs L J McCrum





REGISTERED OFFICE: 22 Jack Saddler Way
Exeter
Devon
EX2 7FP





REGISTERED NUMBER: 08647916 (England and Wales)





ACCOUNTANTS: Plunkett Yates Limited
1 Charlotte Mews
Pavilion Place
Exeter
Devon
EX2 4HA

Exe-changes Limited (Registered number: 08647916)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,129,888 1,109,554

CURRENT ASSETS
Debtors 5 27,783 69,666
Cash at bank and in hand 427,719 304,445
455,502 374,111
CREDITORS
Amounts falling due within one year 6 333,055 168,704
NET CURRENT ASSETS 122,447 205,407
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,252,335

1,314,961

CREDITORS
Amounts falling due after more than one
year

7

(356,172

)

(570,271

)

PROVISIONS FOR LIABILITIES (17,239 ) (17,866 )
NET ASSETS 878,924 726,824

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 878,923 726,823
SHAREHOLDERS' FUNDS 878,924 726,824

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 director acknowledges her 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.

Exe-changes Limited (Registered number: 08647916)

Balance Sheet - continued
31 August 2024


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 director and authorised for issue on 14 March 2025 and were signed by:





Mrs L J McCrum - Director


Exe-changes Limited (Registered number: 08647916)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Exe-changes 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.
Freehold property - 2% on cost
Improvements to property - 5% on cost
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 24 (2023 - 21 ) .

Exe-changes Limited (Registered number: 08647916)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST
At 1 September 2023 941,237 110,094 114,397
Additions - 53,836 8,683
Disposals - - (25,968 )
At 31 August 2024 941,237 163,930 97,112
DEPRECIATION
At 1 September 2023 21,344 8,493 60,903
Charge for year 9,825 8,197 11,608
Eliminated on disposal - - (21,830 )
At 31 August 2024 31,169 16,690 50,681
NET BOOK VALUE
At 31 August 2024 910,068 147,240 46,431
At 31 August 2023 919,893 101,601 53,494

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 38,477 48,742 1,252,947
Additions - 5,424 67,943
Disposals - - (25,968 )
At 31 August 2024 38,477 54,166 1,294,922
DEPRECIATION
At 1 September 2023 16,834 35,819 143,393
Charge for year 5,411 8,430 43,471
Eliminated on disposal - - (21,830 )
At 31 August 2024 22,245 44,249 165,034
NET BOOK VALUE
At 31 August 2024 16,232 9,917 1,129,888
At 31 August 2023 21,643 12,923 1,109,554

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors - 34,625
Other debtors 27,783 35,041
27,783 69,666

Exe-changes Limited (Registered number: 08647916)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 210,423 29,270
Hire purchase contracts 5,494 3,737
Trade creditors - 50,003
Taxation and social security 109,887 80,777
Other creditors 7,251 4,917
333,055 168,704

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 338,796 549,304
Hire purchase contracts 17,376 20,967
356,172 570,271

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 221,832 406,989

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 549,219 578,574

Barclays have a fixed charge over the freehold properties.