REGISTERED NUMBER: NI066101 (Northern Ireland)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Exploiting Technology Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Robinson

Ms M D Robinson

SECRETARY:

R Robinson

REGISTERED OFFICE:

12 Parterre Crescent

Dundrum

Co. Down

BT33 0WJ

REGISTERED NUMBER:

NI066101 (Northern Ireland)

ACCOUNTANTS:

M.B.McGrady & Co

Chartered Accountants

Rathmore House

52 St Patricks Avenue

Downpatrick

Co. Down

BT30 6DS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

14

19

14

19

CURRENT ASSETS

Cash at bank

293,641

290,445

CREDITORS

Amounts falling due within one year

6

4,614

11,108

NET CURRENT ASSETS

289,027

279,337

TOTAL ASSETS LESS CURRENT LIABILITIES

289,041

279,356

PROVISIONS FOR LIABILITIES

4

3

NET ASSETS

289,037

279,353

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

7

289,036

279,352

SHAREHOLDERS' FUNDS

289,037

279,353

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 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 29 October 2025 and were signed on its behalf by:

R Robinson - Director

1.	STATUTORY INFORMATION

Exploiting Technology Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company 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.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 2 ).

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 February 2024

and 31 January 2025

999

AMORTISATION

At 1 February 2024

and 31 January 2025

999

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 February 2024

and 31 January 2025

464

100

5,729

6,293

DEPRECIATION

At 1 February 2024

448

97

5,729

6,274

Charge for year

4

1

-

5

At 31 January 2025

452

98

5,729

6,279

NET BOOK VALUE

At 31 January 2025

12

2

-

14

At 31 January 2024

16

3

-

19

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Tax

2,273

-

Directors' current accounts

1,443

10,194

Accrued expenses

898

914

4,614

11,108

7.

RESERVES

Retained

earnings

£

At 1 February 2024

279,352

Profit for the year

9,684

At 31 January 2025

289,036