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Registered number: 06953458
Xpert360 Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Starfish Accounting Ltd
ICAEW
3rd Floor
25-29 Queen Street
Maidenhead
Berkshire
SL6 1NB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06953458
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 26,056 -
Tangible Assets 5 20,335 27,678
46,391 27,678
CURRENT ASSETS
Debtors 6 386,089 183,818
Cash at bank and in hand 418,660 289,308
804,749 473,126
Creditors: Amounts Falling Due Within One Year 7 (549,715 ) (448,602 )
NET CURRENT ASSETS (LIABILITIES) 255,034 24,524
TOTAL ASSETS LESS CURRENT LIABILITIES 301,425 52,202
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (5,084 ) (6,920 )
NET ASSETS 296,341 45,282
CAPITAL AND RESERVES
Called up share capital 9 400 400
Profit and Loss Account 295,941 44,882
SHAREHOLDERS' FUNDS 296,341 45,282
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For the year ending 31 December 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Phil Carter
Director
29/09/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Xpert360 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06953458 . The registered office is The Marlowe Innovation Centre, Marlowe Way, Ramsgate, CT12 6FA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website costs and this is amortised to the profit and loss account over its estimated economic life of 3 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33% straight line basis
2.5. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.9. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.10. Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 13)
12 13
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 -
Additions 26,800
As at 31 December 2024 26,800
Amortisation
As at 1 January 2024 -
Provided during the period 744
As at 31 December 2024 744
Net Book Value
As at 31 December 2024 26,056
As at 1 January 2024 -
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 67,897
Additions 14,648
Disposals (25,040 )
As at 31 December 2024 57,505
...CONTINUED
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Depreciation
As at 1 January 2024 40,219
Provided during the period 16,651
Disposals (19,700 )
As at 31 December 2024 37,170
Net Book Value
As at 31 December 2024 20,335
As at 1 January 2024 27,678
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 34,200
Prepayments and accrued income 281,289 18,185
Other debtors 104,800 131,433
386,089 183,818
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 73,899 15,273
Corporation tax - (59,580 )
Other taxes and social security 322,405 168,370
Other creditors 153,411 324,539
549,715 448,602
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 5,084 6,920
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 400 400
10. Directors Advances, Credits and Guarantees
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Ms Louise Carter - 101,500 - - 101,500
The above loan is unsecured, interest free and repayable on demand.
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11. Ultimate Controlling Party
Two of the directors, Phil Carter and David Baker have significant control of the company by virtue of their shareholding.
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