REGISTERED NUMBER: 13583157 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

EXI MEP GROUP LIMITED

Page

Company Information

1

Report of the Directors

2

Consolidated Income Statement

3

Consolidated Balance Sheet

4

Company Balance Sheet

6

Notes to the Consolidated Financial Statements

8

DIRECTORS:

T L Evert

R J Kinnersley

REGISTERED OFFICE:

111 Berkeley Road South

Earlsdon

Coventry

CV5 6EF

REGISTERED NUMBER:

13583157 (England and Wales)

ACCOUNTANTS:

Askews Chartered Certified Accountants

5 The Quadrant

Coventry

West Midlands

CV1 2EL

The directors present their report with the financial statements of the company and the group for the year ended 31 March 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

T L Evert

R J Kinnersley

CHARITABLE DONATIONS AND EXPENDITURE

Charitable donations were made throughout the year totalling £10,252 (2023: 4,293).

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

T L Evert - Director

8 September 2025

TURNOVER

4,256,048

3,929,276

Cost of sales

347,709

248,618

GROSS PROFIT

3,908,339

3,680,658

Administrative expenses

2,203,191

1,951,782

OPERATING PROFIT

1,705,148

1,728,876

Interest receivable and similar income

28,033

21,672

1,733,181

1,750,548

Interest payable and similar expenses

-

32

PROFIT BEFORE TAXATION

1,733,181

1,750,516

Tax on profit

430,473

453,357

PROFIT FOR THE FINANCIAL YEAR

1,302,708

1,297,159

Profit attributable to:

Owners of the parent

1,103,973

1,088,059

Non-controlling interests

198,735

209,100

1,302,708

1,297,159

FIXED ASSETS

Tangible assets

5

9,533

15,024

CURRENT ASSETS

Debtors

6

1,122,415

1,104,480

Cash at bank

1,365,069

1,034,720

2,487,484

2,139,200

CREDITORS

Amounts falling due within one year

8

1,373,673

1,234,936

NET CURRENT ASSETS

1,113,811

904,264

TOTAL ASSETS LESS CURRENT LIABILITIES

1,123,344

919,288

CAPITAL AND RESERVES

Called up share capital

103

103

Retained earnings

808,657

700,504

808,760

700,607

NON-CONTROLLING INTERESTS

314,584

218,681

TOTAL EQUITY

1,123,344

919,288

The company and the group are 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 and the group 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 group 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 and the group as at the end of each financial year and of the group's 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 and the group.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by:

T L Evert - Director

FIXED ASSETS

Tangible assets

5

8,945

11,994

CURRENT ASSETS

Debtors

6

544,744

353,048

Investments

7

367

292

Cash at bank

193,079

101,204

738,190

454,544

CREDITORS

Amounts falling due within one year

8

624,303

386,206

NET CURRENT ASSETS

113,887

68,338

TOTAL ASSETS LESS CURRENT LIABILITIES

122,832

80,332

CAPITAL AND RESERVES

Called up share capital

103

103

Retained earnings

122,729

80,229

122,832

80,332

Company's profit for the financial year

609,206

416,963

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by:

T L Evert - Director

1.	STATUTORY INFORMATION

exi MEP Group 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 General 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% per annum of cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group'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 32 (2024 - 31 ) .

4.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

5.	TANGIBLE FIXED ASSETS

Group

Computer

equipment

£

COST

At 1 April 2024

29,724

Additions

4,405

At 31 March 2025

34,129

DEPRECIATION

At 1 April 2024

14,700

Charge for year

9,896

At 31 March 2025

24,596

NET BOOK VALUE

At 31 March 2025

9,533

At 31 March 2024

15,024

Company

Computer

equipment

£

COST

At 1 April 2024

21,290

Additions

4,406

At 31 March 2025

25,696

DEPRECIATION

At 1 April 2024

9,296

Charge for year

7,455

At 31 March 2025

16,751

NET BOOK VALUE

At 31 March 2025

8,945

At 31 March 2024

11,994

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

2025

2024

2025

2024

£

£

£

£

Trade debtors

1,028,614

1,089,487

84,613

92,733

Amounts owed by group undertakings

68,445

3,134

441,730

248,994

Other debtors

25,356

11,859

18,401

11,321

1,122,415

1,104,480

544,744

353,048

7.	CURRENT ASSET INVESTMENTS

Company

2025

2024

£

£

Shares in group undertakings

367

292

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

2025

2024

2025

2024

£

£

£

£

Trade creditors

32,223

82,719

19,368

5,208

Amounts owed to group undertakings

70,040

7,435

75

905

Taxation and social security

673,796

766,448

110,084

112,113

Other creditors

597,614

378,334

494,776

267,980

1,373,673

1,234,936

624,303

386,206