Exact Financial Systems Limited

Exact Financial Systems Limited
Contents Page
For the year ended 31 December 2024

Accountants' report	1
Statement of financial position	2
Notes to the financial statements	3

Exact Financial Systems Limited Accountants' Report For the year ended 31 December 2024
You consider that the company is exempt from an audit for the year ended 31 December 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. .................................................... BROUGHTON & CO LTD 9 Second Avenue Worthing BN14 9NX 30 September 2025 1

Exact Financial Systems Limited
Accountants' Report
For the year ended 31 December 2024

You consider that the company is exempt from an audit for the year ended 31 December 2024 .
You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

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

BROUGHTON & CO LTD
9 Second Avenue
Worthing
BN14 9NX
30 September 2025

1

Registered Number: 03006728 Exact Financial Systems Limited
Statement of Financial Position
As at 31 December 2024

	Notes	2024 £	2023 £
Fixed assets
Tangible fixed assets	3	46,511	60,350
Investments	4	322,406	322,406
		368,917	382,756
Current assets
Debtors		135,064	980,083
Investments		202,894	133,456
Cash at bank and in hand		1,913,463	1,100,122
		2,251,421	2,213,661
Creditors: amount falling due within one year		(192,165)	(233,581)
Net current assets		2,059,256	1,980,080

Total assets less current liabilities		2,428,173	2,362,836
Provisions for liabilities		(7,005)	4,056
Net assets		2,421,168	2,366,892

Capital and reserves
Called up share capital	5	3	3
Capital Redemption Reserve		3	3
Profit and loss account		2,421,162	2,366,886
Shareholders' funds		2,421,168	2,366,892

For the year ended 31 December 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 29 September 2025 and were signed on its behalf by:

-------------------------------
G Butcher
Director

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Exact Financial Systems Limited
Notes to the Abridged Financial Statements
For the year ended 31 December 2024

General Information

Exact Financial Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 03006728, registration address Clyde House, Maison Dieu Road, Dover, Kent, CT16 1RQ.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	25% Reducing Balance

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Current asset investments

Current asset investments are stated at the lower of cost and net realisable value.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 16 (2023 : 16).

3.

Tangible fixed assets

Cost or valuation	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£
At 01 January 2024	90,575	252,333	342,908
Additions	25,000	1,665	26,665
Disposals	(25,000)	-	(25,000)
At 31 December 2024	90,575	253,998	344,573
Depreciation
At 01 January 2024	61,545	221,013	282,558
Charge for year	7,258	8,246	15,504
On disposals	-	-	-
At 31 December 2024	68,803	229,259	298,062
Net book values
Closing balance as at 31 December 2024	21,772	24,739	46,511
Opening balance as at 01 January 2024	29,030	31,320	60,350

4.

Investments

Cost	Loans to participating interests	Total
	£	£
At 01 January 2024	322,406	322,406
Additions	-	-
Disposals	-	-
At 31 December 2024	322,406	322,406

5.

Share Capital

Allotted, called up and fully paid	2024 £	2023 £
10,000 Class A shares of £0.0001 each	1	1
5,000 Class B shares of £0.0001 each	1	1
10,000 Class C shares of £0.0001 each	1	1
	3	3

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Registered Number: 03006728
England and Wales
Abridged Accounts

for the year ended 31 December 2024
for
EXACT FINANCIAL SYSTEMS LIMITED