Excorpus Limited 14979517 false 2023-07-04 2024-07-31 2024-07-31 The principal activity of the company is management consultancy. Digita Accounts Production Advanced 6.30.9574.0 true 14979517 2023-07-04 2024-07-31 14979517 2024-07-31 14979517 bus:Director1 2024-07-31 14979517 bus:Director2 2024-07-31 14979517 bus:OrdinaryShareClass1 2024-07-31 14979517 bus:OrdinaryShareClass2 2024-07-31 14979517 core:CurrentFinancialInstruments 2024-07-31 14979517 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 14979517 core:FurnitureFittingsToolsEquipment 2024-07-31 14979517 bus:SmallEntities 2023-07-04 2024-07-31 14979517 bus:AuditExemptWithAccountantsReport 2023-07-04 2024-07-31 14979517 bus:FullAccounts 2023-07-04 2024-07-31 14979517 bus:SmallCompaniesRegimeForAccounts 2023-07-04 2024-07-31 14979517 bus:RegisteredOffice 2023-07-04 2024-07-31 14979517 bus:Director1 2023-07-04 2024-07-31 14979517 bus:Director2 2023-07-04 2024-07-31 14979517 bus:OrdinaryShareClass1 2023-07-04 2024-07-31 14979517 bus:OrdinaryShareClass2 2023-07-04 2024-07-31 14979517 bus:PrivateLimitedCompanyLtd 2023-07-04 2024-07-31 14979517 bus:Agent1 2023-07-04 2024-07-31 14979517 core:ComputerEquipment 2023-07-04 2024-07-31 14979517 core:FurnitureFittingsToolsEquipment 2023-07-04 2024-07-31 14979517 countries:EnglandWales 2023-07-04 2024-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14979517

Excorpus Limited

Annual Report and Unaudited Financial Statements

for the Period from 4 July 2023 to 31 July 2024

 

Excorpus Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 8

 

Excorpus Limited

Company Information

Directors

Ms Rachel Sabine

Mr Laurent Olivier Ben Mohamed Ouali

Registered office

8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
Warwickshire
CV10 7RJ

Accountants

Pattinsons Business Services Ltd Unit 8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
Warwickshire
CV10 7RJ

 

Excorpus Limited

Directors' Report for the Period from 4 July 2023 to 31 July 2024

The directors present their report and the financial statements for the period from 4 July 2023 to 31 July 2024.

Incorporation

The company was incorporated on 4 July 2023 and commenced trading on 25 August 2023

Directors of the company

The directors who held office during the period were as follows:

Ms Rachel Sabine (appointed 4 July 2023)

Mr Laurent Olivier Ben Mohamed Ouali (appointed 17 August 2023)

Principal activity

The principal activity of the company is management consultancy.

Small companies provision statement

This report has 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.

Approved by the Board on 1 April 2025 and signed on its behalf by:

.........................................
Mr Laurent Olivier Ben Mohamed Ouali
Director

 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Excorpus Limited
for the Period Ended 31 July 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Excorpus Limited for the period ended 31 July 2024 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Excorpus Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Excorpus Limited and state those matters that we have agreed to state to the Board of Directors of Excorpus Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Excorpus Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Excorpus Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Excorpus Limited. You consider that Excorpus Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Excorpus Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Pattinsons Business Services Ltd
Unit 8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
Warwickshire
CV10 7RJ

1 April 2025

 

Excorpus Limited

(Registration number: 14979517)
Balance Sheet as at 31 July 2024

Note

2024
£

Fixed assets

 

Tangible assets

5

2,108

Current assets

 

Debtors

6

12,065

Cash at bank and in hand

 

2,158

 

14,223

Creditors: Amounts falling due within one year

7

(13,087)

Net current assets

 

1,136

Net assets

 

3,244

Capital and reserves

 

Called up share capital

8

2

Retained earnings

3,242

Shareholders' funds

 

3,244

For the financial period ending 31 July 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 period 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 1 April 2025 and signed on its behalf by:
 

.........................................
Mr Laurent Olivier Ben Mohamed Ouali
Director

 

Excorpus Limited

Notes to the Unaudited Financial Statements for the Period from 4 July 2023 to 31 July 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:
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
Warwickshire
CV10 7RJ

These financial statements were authorised for issue by the Board on 1 April 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.

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 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.

 

Excorpus Limited

Notes to the Unaudited Financial Statements for the Period from 4 July 2023 to 31 July 2024

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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

3 years straight line

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.

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.

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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks, other third parties and loans to related parties.

 

Excorpus Limited

Notes to the Unaudited Financial Statements for the Period from 4 July 2023 to 31 July 2024

3

Staff numbers

The average number of persons employed by the company during the period, was 2.

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

Depreciation expense

1,191

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

3,300

3,300

At 31 July 2024

3,300

3,300

Depreciation

Charge for the period

1,192

1,192

At 31 July 2024

1,192

1,192

Carrying amount

At 31 July 2024

2,108

2,108

6

Debtors

2024
£

Trade debtors

11,296

Other debtors

769

12,065

 

Excorpus Limited

Notes to the Unaudited Financial Statements for the Period from 4 July 2023 to 31 July 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Taxation and social security

 

1,367

Other creditors

 

11,720

 

13,087

8

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary of £1 each

1

1

Ordinary A of £1 each

1

1

2

2