Externiture Limited 04338401 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is the manufacturing, installation and maintenance of bus shelters and bus stops. Digita Accounts Production Advanced 6.30.9574.0 true true 04338401 2023-07-01 2024-06-30 04338401 2024-06-30 04338401 bus:OrdinaryShareClass1 2024-06-30 04338401 bus:OrdinaryShareClass2 2024-06-30 04338401 bus:OrdinaryShareClass3 2024-06-30 04338401 core:CurrentFinancialInstruments 2024-06-30 04338401 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 04338401 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 04338401 core:FurnitureFittingsToolsEquipment 2024-06-30 04338401 core:MotorVehicles 2024-06-30 04338401 core:OtherPropertyPlantEquipment 2024-06-30 04338401 core:AllAssociates 2024-06-30 04338401 core:ParentEntities 2024-06-30 04338401 bus:SmallEntities 2023-07-01 2024-06-30 04338401 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 04338401 bus:FilletedAccounts 2023-07-01 2024-06-30 04338401 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04338401 bus:RegisteredOffice 2023-07-01 2024-06-30 04338401 bus:CompanySecretaryDirector1 2023-07-01 2024-06-30 04338401 bus:Director2 2023-07-01 2024-06-30 04338401 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 04338401 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 04338401 bus:OrdinaryShareClass3 2023-07-01 2024-06-30 04338401 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04338401 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 04338401 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 04338401 core:MotorVehicles 2023-07-01 2024-06-30 04338401 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 04338401 core:AllAssociates 2023-07-01 2024-06-30 04338401 core:ParentEntities 2023-07-01 2024-06-30 04338401 countries:EnglandWales 2023-07-01 2024-06-30 04338401 2023-06-30 04338401 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-30 04338401 core:FurnitureFittingsToolsEquipment 2023-06-30 04338401 core:MotorVehicles 2023-06-30 04338401 core:OtherPropertyPlantEquipment 2023-06-30 04338401 core:AllAssociates 2023-06-30 04338401 core:ParentEntities 2023-06-30 04338401 2022-07-01 2023-06-30 04338401 2023-06-30 04338401 bus:OrdinaryShareClass1 2023-06-30 04338401 bus:OrdinaryShareClass2 2023-06-30 04338401 bus:OrdinaryShareClass3 2023-06-30 04338401 core:CurrentFinancialInstruments 2023-06-30 04338401 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 04338401 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-30 04338401 core:FurnitureFittingsToolsEquipment 2023-06-30 04338401 core:MotorVehicles 2023-06-30 04338401 core:OtherPropertyPlantEquipment 2023-06-30 04338401 core:AllAssociates 2023-06-30 04338401 core:ParentEntities 2023-06-30 04338401 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 04338401 core:AllAssociates 2022-07-01 2023-06-30 04338401 core:ParentEntities 2022-07-01 2023-06-30 04338401 2022-06-30 04338401 core:AllAssociates 2022-06-30 04338401 core:ParentEntities 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04338401

Externiture Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Externiture Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Externiture Limited

Company Information

Directors

Mr Matthew Stagg

Mrs Karen Stagg

Company secretary

Mrs Karen Stagg

Registered office

Unit 3 Daytona Drive
Thatcham
Berkshire
RG19 4ZD

Accountants

Mr Andrew Eagles
AIMS Accountants for Business
Twitchen
Odiham Road
Riseley
Berks
RG7 1SD

 

Externiture Limited

(Registration number: 04338401)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

448

1,345

Tangible assets

5

347,755

358,311

 

348,203

359,656

Current assets

 

Stocks

6

425,035

428,427

Debtors

7

1,987,382

1,373,533

Cash at bank and in hand

 

641,710

982,069

 

3,054,127

2,784,029

Creditors: Amounts falling due within one year

8

(2,524,635)

(2,328,520)

Net current assets

 

529,492

455,509

Total assets less current liabilities

 

877,695

815,165

Provisions for liabilities

(84,364)

(56,605)

Net assets

 

793,331

758,560

Capital and reserves

 

Called up share capital

9

75

75

Capital redemption reserve

25

25

Retained earnings

793,231

758,460

Shareholders' funds

 

793,331

758,560

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Externiture Limited

(Registration number: 04338401)
Balance Sheet as at 30 June 2024

Approved and authorised by the Board on 31 March 2025 and signed on its behalf by:
 

.........................................
Mrs Karen Stagg
Company secretary and director

 

Externiture Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 3 Daytona Drive
Thatcham
Berkshire
RG19 4ZD
England

These financial statements were authorised for issue by the Board on 31 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Externiture Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Externiture Limited

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

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 44 (2023 - 40).

 

Externiture Limited

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

4

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 July 2023

8,970

8,970

At 30 June 2024

8,970

8,970

Amortisation

At 1 July 2023

7,625

7,625

Amortisation charge

897

897

At 30 June 2024

8,522

8,522

Carrying amount

At 30 June 2024

448

448

At 30 June 2023

1,345

1,345

 

Externiture Limited

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

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2023

243,361

387,503

138,585

769,449

Additions

62,370

76,142

14,095

152,607

Disposals

-

(65,320)

-

(65,320)

At 30 June 2024

305,731

398,325

152,680

856,736

Depreciation

At 1 July 2023

143,505

210,706

68,239

422,450

Charge for the year

45,126

84,055

22,670

151,851

Eliminated on disposal

-

(65,320)

-

(65,320)

At 30 June 2024

188,631

229,441

90,909

508,981

Carrying amount

At 30 June 2024

117,100

168,884

61,771

347,755

At 30 June 2023

99,856

188,109

70,346

358,311

6

Stocks

2024
£

2023
£

Other inventories

425,035

428,427

7

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

1,207,181

544,098

Amounts owed by related parties

11

705,128

673,195

Prepayments

 

59,225

89,431

Other debtors

 

15,848

66,809

   

1,987,382

1,373,533

8

Creditors

Creditors: amounts falling due within one year

 

Externiture Limited

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

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

81,421

151,601

Trade creditors

 

492,545

385,302

Amounts owed to group undertakings and undertakings in which the company has a participating interest

11

1,134,574

1,164,587

Taxation and social security

 

132,693

144,736

Accruals and deferred income

 

-

49,450

Other creditors

 

683,402

432,844

 

2,524,635

2,328,520

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

A Ordinary Share of £1 each

50

50

50

50

B Ordinary Share of £1 each

13

13

13

13

C Ordinary Share of £1 each

12

12

12

12

75

75

75

75

10

Dividends

Final dividends paid

2024
£

2023
£

Final dividend of £4,000.00 (2023 - £12,000.00) per each A Ordinary Share

200,000

600,000

 

 

Interim dividends paid

2024
£

2023
£

Interim dividend of £Nil per each A Ordinary Share

-

-

 

 

11

Related party transactions

 

Externiture Limited

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

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

26,499

24,577

Contributions paid to money purchase schemes

79,992

91,998

106,491

116,575

Summary of transactions with parent

Grupo Zogg Industrial Ltd
 Payable on demand
 

Loans to related parties

2024

Associates
£

Total
£

At start of period

673,195

673,195

Advanced

31,933

31,933

At end of period

705,128

705,128

2023

Associates
£

Total
£

At start of period

725,871

725,871

Repaid

(52,676)

(52,676)

At end of period

673,195

673,195

Loans from related parties

2024

Parent
£

Total
£

At start of period

1,164,587

1,164,587

Advanced

200,000

200,000

Repaid

(230,013)

(230,013)

At end of period

1,134,574

1,134,574

2023

Parent
£

Total
£

At start of period

564,587

564,587

Advanced

600,000

600,000

At end of period

1,164,587

1,164,587