| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2025 |
| FOR |
| Exib Limited |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2025 |
| FOR |
| Exib Limited |
| Exib Limited (Registered number: 04312474) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31st January 2025 |
| Page |
| Company information | 1 |
| Balance sheet | 2 |
| Notes to the financial statements | 4 |
| Exib Limited |
| COMPANY INFORMATION |
| for the Year Ended 31st January 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 48 Clifton Avenue |
| Wembley |
| Middlesex |
| HA9 6BW |
| Exib Limited (Registered number: 04312474) |
| BALANCE SHEET |
| 31st January 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET LIABILITIES | ( |
) | ( |
) |
| Exib Limited (Registered number: 04312474) |
| BALANCE SHEET - continued |
| 31st January 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Other reserves | 11 |
| Retained earnings | 11 | ( |
) | ( |
) |
| ( |
) | ( |
) |
| 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 were approved by the Board of Directors and authorised for issue on |
| Exib Limited (Registered number: 04312474) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31st January 2025 |
| 1. | GENERAL INFORMATION |
| Exib Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is Unit One Fourth Way, Wembley, Middlesex, HA9 0JL |
| 2. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| RELATED PARTY EXEMPTION |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| STOCKS |
| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| 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. |
| Exib Limited (Registered number: 04312474) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31st January 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Long | Plant and | and | Computer |
| leasehold | machinery | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1st February 2024 |
| Additions |
| At 31st January 2025 |
| DEPRECIATION |
| At 1st February 2024 |
| Charge for year |
| Impairments |
| At 31st January 2025 |
| NET BOOK VALUE |
| At 31st January 2025 |
| At 31st January 2024 |
| Exib Limited (Registered number: 04312474) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31st January 2025 |
| 5. | STOCKS |
| 2025 | 2024 |
| £ | £ |
| Stocks |
| Work-in-progress |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Directors' current accounts | - | 84,506 |
| VAT |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts (see note 9) |
| Hire purchase contracts |
| Trade creditors |
| Social security and other taxes |
| Other creditors |
| Directors' current accounts | 130,507 | 128,725 |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans (see note 9) |
| Exib Limited (Registered number: 04312474) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31st January 2025 |
| 9. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2025 | 2024 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank overdrafts |
| Bank loans |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| 10. | CALLED UP SHARE CAPITAL |
| 2025 | 2024 |
| Allotted, called up and fully paid |
| 33,334 'A' Ordinary shares of £1 each | 33,334 | 33,334 |
| 33,333 'B' Ordinary shares of £1 each | 33,333 | 33,333 |
| 33,333 'C' Ordinary shares of £1 each | 33,333 | 33,333 |
| 5,000 'D' Ordinary shares of £1 each | 5,000 | 5,000 |
| 5,000 'E' Ordinary shares of £1 each | 5,000 | 5,000 |
| 5,000 'F' Ordinary shares of £1 each | 5,000 | 5,000 |
| 115,000 | 115,000 |
| 11. | RESERVES |
| Retained | Other |
| earnings | reserves | Totals |
| £ | £ | £ |
| At 1st February 2024 | ( |
) | (487,642 | ) |
| Deficit for the year | ( |
) | ( |
) |
| At 31st January 2025 | ( |
) | (638,412 | ) |
| Exib Limited (Registered number: 04312474) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31st January 2025 |
| 12. | COMMITMENTS UNDER OPERATING LEASES |
| At 31 January 2023 the company had future lease payments under non-cancellable operating leases as follows: |
| 2025 | 2024 |
| Not later than 1 year | 250,000 | 250,000 |
| Later than 1 year and not later than 5 years | 250,000 | 500,000 |
| 500,000 | 750,000 |
| 13. | DIRECTORS PERSONAL GUARANTEES |
| Bank loans and overdrafts are secured by joint and several guarantees given by the directors up to £50,000. |
| 14. | RELATED PARTY TRANSACTIONS |
| No relevant transactions |
| 15. | CONTROLLING PARTY |
| The company has no overall controlling party. |
| 16. | 20. DIRECTORS LOAN |
| No directors loan |