IRIS Accounts Production v25.1.4.42 07922814 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh079228142024-03-31079228142025-03-31079228142024-04-012025-03-31079228142023-03-31079228142023-04-012024-03-31079228142024-03-3107922814ns15:EnglandWales2024-04-012025-03-3107922814ns14:PoundSterling2024-04-012025-03-3107922814ns10:Director12024-04-012025-03-3107922814ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3107922814ns10:SmallEntities2024-04-012025-03-3107922814ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3107922814ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3107922814ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3107922814ns10:FullAccounts2024-04-012025-03-310792281412024-04-012025-03-3107922814ns10:Director22024-04-012025-03-3107922814ns10:Director32024-04-012025-03-3107922814ns10:RegisteredOffice2024-04-012025-03-3107922814ns5:CurrentFinancialInstruments2025-03-3107922814ns5:CurrentFinancialInstruments2024-03-3107922814ns5:Non-currentFinancialInstruments2025-03-3107922814ns5:Non-currentFinancialInstruments2024-03-3107922814ns5:ShareCapital2025-03-3107922814ns5:ShareCapital2024-03-3107922814ns5:RetainedEarningsAccumulatedLosses2025-03-3107922814ns5:RetainedEarningsAccumulatedLosses2024-03-3107922814ns5:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3107922814ns5:PlantMachinery2024-04-012025-03-3107922814ns5:FurnitureFittings2024-04-012025-03-3107922814ns5:MotorVehicles2024-04-012025-03-3107922814ns5:ComputerEquipment2024-04-012025-03-3107922814ns5:NetGoodwill2024-03-3107922814ns5:NetGoodwill2025-03-3107922814ns5:NetGoodwill2024-03-3107922814ns5:PlantMachinery2024-03-3107922814ns5:FurnitureFittings2024-03-3107922814ns5:MotorVehicles2024-03-3107922814ns5:ComputerEquipment2024-03-3107922814ns5:PlantMachinery2025-03-3107922814ns5:FurnitureFittings2025-03-3107922814ns5:MotorVehicles2025-03-3107922814ns5:ComputerEquipment2025-03-3107922814ns5:PlantMachinery2024-03-3107922814ns5:FurnitureFittings2024-03-3107922814ns5:MotorVehicles2024-03-3107922814ns5:ComputerEquipment2024-03-3107922814ns5:LeasedAssetsHeldAsLessee2024-04-012025-03-3107922814ns5:CostValuation2024-03-3107922814ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3107922814ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3107922814ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2025-03-3107922814ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-03-3107922814ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2025-03-3107922814ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3107922814ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2025-03-3107922814ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-3107922814ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2025-03-3107922814ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-03-3107922814ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2025-03-3107922814ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-03-3107922814ns5:HirePurchaseContracts2025-03-3107922814ns5:HirePurchaseContracts2024-03-3107922814ns5:WithinOneYear2025-03-3107922814ns5:WithinOneYear2024-03-3107922814ns5:BetweenOneFiveYears2025-03-3107922814ns5:BetweenOneFiveYears2024-03-3107922814ns5:AllPeriods2025-03-3107922814ns5:AllPeriods2024-03-31079228141ns10:Director12024-03-31079228141ns10:Director12023-03-31079228141ns10:Director12024-04-012025-03-31079228141ns10:Director12023-04-012024-03-31079228141ns10:Director12025-03-31079228141ns10:Director12024-03-3107922814ns10:Director222024-03-3107922814ns10:Director222023-03-3107922814ns10:Director222024-04-012025-03-3107922814ns10:Director222023-04-012024-03-3107922814ns10:Director222025-03-3107922814ns10:Director222024-03-31
REGISTERED NUMBER: 07922814 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

EXITILE ACCESS LIMITED

EXITILE ACCESS LIMITED (REGISTERED NUMBER: 07922814)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EXITILE ACCESS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mr S G Marvin
Mrs A Knight
Mr G C Davies





REGISTERED OFFICE: Desford Hall
Unit 2 The Coach House
Leicester Lane
Desford
Leicestershire
LE9 9JJ





REGISTERED NUMBER: 07922814 (England and Wales)





ACCOUNTANTS: Armstrongs Bishop Simmons
Chartered Accountants and Tax Advisors
Gethin House
36 Bond Street
Nuneaton
Warwickshire
CV11 4DA

EXITILE ACCESS LIMITED (REGISTERED NUMBER: 07922814)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 74,261 104,917
Investments 6 30 30
74,291 104,947

CURRENT ASSETS
Stocks 54,285 47,563
Debtors 7 468,317 908,758
Cash at bank 187,988 56,168
710,590 1,012,489
CREDITORS
Amounts falling due within one year 8 285,761 490,804
NET CURRENT ASSETS 424,829 521,685
TOTAL ASSETS LESS CURRENT
LIABILITIES

499,120

626,632

CREDITORS
Amounts falling due after more than one
year

9

(77,521

)

(88,575

)

PROVISIONS FOR LIABILITIES (16,530 ) (24,064 )
NET ASSETS 405,069 513,993

CAPITAL AND RESERVES
Called up share capital 361,041 500,320
Retained earnings 44,028 13,673
SHAREHOLDERS' FUNDS 405,069 513,993

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

EXITILE ACCESS LIMITED (REGISTERED NUMBER: 07922814)

BALANCE SHEET - continued
31 MARCH 2025


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 9 July 2025 and were signed on its behalf by:





Mr S G Marvin - Director


EXITILE ACCESS LIMITED (REGISTERED NUMBER: 07922814)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Exitile Access 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of goods.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


EXITILE ACCESS LIMITED (REGISTERED NUMBER: 07922814)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued
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 9 (2024 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 100,000
AMORTISATION
At 1 April 2024
and 31 March 2025 100,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

EXITILE ACCESS LIMITED (REGISTERED NUMBER: 07922814)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 24,087 26,199 116,366 13,899 180,551
Additions - - - 5,611 5,611
At 31 March 2025 24,087 26,199 116,366 19,510 186,162
DEPRECIATION
At 1 April 2024 15,714 9,244 43,134 7,542 75,634
Charge for year 1,485 3,438 27,941 3,403 36,267
At 31 March 2025 17,199 12,682 71,075 10,945 111,901
NET BOOK VALUE
At 31 March 2025 6,888 13,517 45,291 8,565 74,261
At 31 March 2024 8,373 16,955 73,232 6,357 104,917

Included within the net book value of motor vehicles is £45,290 in respect of assets held under hire purchase agreements. (2024 : £73,231)

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2024
and 31 March 2025 30
NET BOOK VALUE
At 31 March 2025 30
At 31 March 2024 30

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 430,394 420,483
Other debtors 6,381 472,243
Directors' current accounts 21,669 4,865
Prepayments 9,873 11,167
468,317 908,758

EXITILE ACCESS LIMITED (REGISTERED NUMBER: 07922814)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 10) 15,447 14,474
Trade creditors 103,744 226,081
Corporation tax 35,925 5,935
Social security and other taxes 3,731 4,327
VAT 11,915 71,632
Other creditors 30 30
Positive Cashflow Account 90,023 129,404
Directors' current accounts 9,189 23,773
Accrued expenses 5,757 5,148
285,761 490,804

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 1-2 years 2,500 10,000
Bank loans - 2-5 years - 2,500
Preference shares 15,759 1,365
Hire purchase contracts (see note 10) 59,262 74,710
77,521 88,575

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares 15,759 1,365

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 15,447 14,474
Between one and five years 59,262 74,710
74,709 89,184

Non-cancellable operating leases
2025 2024
£    £   
Within one year 7,000 7,000
Between one and five years 17,500 24,500
24,500 31,500

EXITILE ACCESS LIMITED (REGISTERED NUMBER: 07922814)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
Mr S G Marvin
Balance outstanding at start of year 4,864 (1,303 )
Amounts advanced 41,046 46,167
Amounts repaid (24,242 ) (40,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,668 4,864

Mrs A Knight
Balance outstanding at start of year (23,773 ) (22,423 )
Amounts advanced 34,583 38,650
Amounts repaid (20,000 ) (40,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,190 ) (23,773 )

12. RELATED PARTY DISCLOSURES

During the year the company donated £2,500 (2024: £5,000) to Friends of Ashanti, a charity connected via mutual directors/trustees.