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REGISTERED NUMBER: 06923275 (England and Wales)














EXILE COMMUNICATIONS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






EXILE COMMUNICATIONS LTD (REGISTERED NUMBER: 06923275)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


EXILE COMMUNICATIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr G G Harris
Mrs G Harris





REGISTERED OFFICE: Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ





REGISTERED NUMBER: 06923275 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ

EXILE COMMUNICATIONS LTD (REGISTERED NUMBER: 06923275)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,788 14,409
Investments 5 - 12,000
13,788 26,409

CURRENT ASSETS
Debtors 6 - 6,446
Cash at bank 32 13
32 6,459
CREDITORS
Amounts falling due within one year 7 31,826 21,933
NET CURRENT LIABILITIES (31,794 ) (15,474 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,006

)

10,935

CREDITORS
Amounts falling due after more than
one year

8

(5,948

)

(7,332

)

PROVISIONS FOR LIABILITIES (2,620 ) (2,738 )
NET (LIABILITIES)/ASSETS (26,574 ) 865

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings (26,578 ) 861
SHAREHOLDERS' FUNDS (26,574 ) 865

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.

EXILE COMMUNICATIONS LTD (REGISTERED NUMBER: 06923275)

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.

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 31 January 2025 and were signed on its behalf by:




Mrs G Harris - Director



Mr G G Harris - Director


EXILE COMMUNICATIONS LTD (REGISTERED NUMBER: 06923275)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Exile Communications Ltd 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.

The financial statements have been prepared on the going concern basis. The company is expected to continue to receive the financial support of the directors.

TURNOVER
Turnover represents the value, net of value added tax and discounts, of good and services provided to customers.

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 - 15% on reducing balance
Fixtures and fittings - 2% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

EXILE COMMUNICATIONS LTD (REGISTERED NUMBER: 06923275)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2023
and 30 June 2024 9,625 603 2,846 16,875 29,949
DEPRECIATION
At 1 July 2023 - 543 374 14,623 15,540
Charge for year - 9 49 563 621
At 30 June 2024 - 552 423 15,186 16,161
NET BOOK VALUE
At 30 June 2024 9,625 51 2,423 1,689 13,788
At 30 June 2023 9,625 60 2,472 2,252 14,409

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Premium bonds - 12,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 6,446

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,005 2,971
Tax 481 9,197
Social security and other taxes 1,144 1,062
VAT 2,480 -
Other creditors 2,912 3,336
Directors' current accounts 18,326 2,369
Accrued expenses 3,478 2,998
31,826 21,933

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 3,380 3,046
Bank loans - 2-5 years 2,568 4,286
5,948 7,332

EXILE COMMUNICATIONS LTD (REGISTERED NUMBER: 06923275)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary 1 2 2
1 "A" Ordinary 1 1 1
1 "B" Ordinary 1 1 1
4 4

10. 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 G G Harris and Mrs G Harris
Balance outstanding at start of year (2,369 ) 43,572
Amounts advanced - 62,977
Amounts repaid - (108,918 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (2,369 )