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Company Registration No. 09202568 (England and Wales)
Esplice Ltd Unaudited accounts for the year ended 30 September 2024
Esplice Ltd Unaudited accounts Contents
Page
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Esplice Ltd Company Information for the year ended 30 September 2024
Directors
Alex Asher Daniel O'Reilly
Company Number
09202568 (England and Wales)
Registered Office
32-38 Leman Street Techspace/Learncube London E1 8EW England
Accountants
The Accountancy Cloud 1 Fore Street Avenue London EC2Y 9DT
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Esplice Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
986 
2,079 
Current assets
Debtors
22,929 
41,141 
Cash at bank and in hand
80,310 
68,869 
103,239 
110,010 
Creditors: amounts falling due within one year
(86,556)
(78,082)
Net current assets
16,683 
31,928 
Total assets less current liabilities
17,669 
34,007 
Creditors: amounts falling due after more than one year
(18,333)
(33,333)
Net (liabilities)/assets
(664)
674 
Capital and reserves
Called up share capital
13 
13 
Share premium
58,330 
58,330 
Profit and loss account
(59,007)
(57,669)
Shareholders' funds
(664)
674 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by
Alex Asher Director Company Registration No. 09202568
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Esplice Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Esplice Ltd is a private company, limited by shares, registered in England and Wales, registration number 09202568. The registered office is 32-38 Leman Street, Techspace/Learncube, London, E1 8EW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Computer equipment
25% Straight Line
Research and development
Expenditure on research and development is written off in the year in which it is incurred. Where appropriate, development expenditure is capitalised and amortised over its useful economic life.
Research and development tax credit
During the financial year, Esplice Limited received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Statement of Profit or Loss in line with disclosure requirements under FRS 102.
Bounce-back Loan
This relates to the Coronavirus outbreak bounce-back loan. No repayments or interest are due in the first 12 months of the loan following which interest will be charged at the rate of 2.5% per annum
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Esplice Ltd Notes to the Accounts for the year ended 30 September 2024
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
699 
5,288 
5,987 
At 30 September 2024
699 
5,288 
5,987 
Depreciation
At 1 October 2023
699 
3,209 
3,908 
Charge for the year
- 
1,093 
1,093 
At 30 September 2024
699 
4,302 
5,001 
Net book value
At 30 September 2024
- 
986 
986 
At 30 September 2023
- 
2,079 
2,079 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,468 
6,221 
Trade debtors
20,407 
34,799 
Accrued income and prepayments
54 
121 
22,929 
41,141 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
5,000 
Trade creditors
23,459 
- 
Taxes and social security
888 
9,022 
Other creditors
2,454 
- 
Loans from directors
(78)
- 
Deferred income
49,833 
64,060 
86,556 
78,082 
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Esplice Ltd Notes to the Accounts for the year ended 30 September 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
18,333 
33,333 
Included in creditors due after more than one year is a Bounce Back Loan due to Santander of £18,333 (2023: £33,333). The loan is repayable over a period of 6 years and accrues an interest rate of 2.5%. £10,000 (2023: £5,000) is included in creditors due within one year.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
128,665 Ordinary shares of £0.0001 each
12.86 
12.86 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Alex Asher
- 
63 
- 
63 
Daniel O'Reilly
- 
15 
- 
15 
- 
78 
- 
78 
Directors' loans are interest-free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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