Expervent Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09130183

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		436,534		308,060

			436,534		308,060
CURRENT ASSETS
Debtors	5	1,427,865		970,986
Cash at bank and in hand		888,592		301,600

		2,316,457		1,272,586
Creditors: Amounts Falling Due Within One Year	6	(627,984 )		(702,388 )

NET CURRENT ASSETS (LIABILITIES)			1,688,473		570,198

TOTAL ASSETS LESS CURRENT LIABILITIES			2,125,007		878,258

Creditors: Amounts Falling Due After More Than One Year	7		(83,928 )		(88,866 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(81,707 )		(57,027 )

NET ASSETS			1,959,372		732,365

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			1,959,272		732,265

SHAREHOLDERS' FUNDS			1,959,372		732,365

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Expervent Limited

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 2025 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

Mr Thomas Gray

Director

12/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Expervent Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09130183 . The registered office is 1 Kings Court, Blacket Street, Jarrow, Tyne & Wear, NE32 3QS.

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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. 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	15% Straight Line
Motor Vehicles	15% Straight Line
Fixtures & Fittings	15% Straight Line
Computer Equipment	15% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. 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 year 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.

...CONTINUED

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Expervent Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.5. Taxation - continued

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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 32 (2024: 15)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 August 2024	361,563	261,986	56,264	6,119	685,932
Additions	82,723	128,891	7,592	13,664	232,870
Disposals	-	(21,500 )	-	-	(21,500 )

As at 31 July 2025	444,286	369,377	63,856	19,783	897,302

Depreciation
As at 1 August 2024	226,931	103,471	44,629	2,841	377,872
Provided during the period	39,785	39,036	3,303	1,310	83,434
Disposals	-	(538 )	-	-	(538 )

As at 31 July 2025	266,716	141,969	47,932	4,151	460,768

Net Book Value
As at 31 July 2025	177,570	227,408	15,924	15,632	436,534

As at 1 August 2024	134,632	158,515	11,635	3,278	308,060

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	965,253	953,600
Prepayments and accrued income	46,270	13,636
Other debtors	3,750	3,750
VAT	43,254	-
PAYE	8,507	-
Directors' loan accounts	360,831	-

	1,427,865	970,986

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Expervent Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	28,075	18,800
Trade creditors	219,886	444,302
Bank loans and overdrafts	35,267	38,762
Corporation tax	383,576	129,842
PAYE	-	21,474
VAT	-	17,051
Pension Payable	-	1,046
Filtex Intercompany loan	(65,889 )	(70,889 )
Accruals and deferred income	27,069	102,000

	627,984	702,388

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	83,928	75,521
Bank loans	-	13,345

	83,928	88,866

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	28,075	18,800
Later than one year and not later than five years	83,928	75,521

	112,003	94,321

	112,003	94,321

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 August 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 July 2025
	£	£	£	£	£
Mr Thomas Gray	-	371,349	-	-	371,349

The above loan is unsecured, interest free and repayable on demand.

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