Exchange Communications Group Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09294667 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Exchange Communications Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T W Sime

REGISTERED OFFICE:

5 Chapel Mews

Chapel Street

Bicester

Oxford

OX26 6BS

REGISTERED NUMBER:

09294667 (England and Wales)

ACCOUNTANTS:

McLay McAlister & McGibbon LLP

Chartered Accountants

145 St Vincent Street

Glasgow

G2 5JF

FIXED ASSETS

Tangible assets

4

-

10,047

Investments

5

303

10,350

CURRENT ASSETS

Debtors

6

4,227,270

2,745,945

Cash at bank

84,954

906,217

4,312,224

3,652,162

CREDITORS

Amounts falling due within one year

7

(3,237,330

)

(3,132,749

)

NET CURRENT ASSETS

1,074,894

519,413

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,075,197

529,763

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

1,075,097

529,663

1,075,197

529,763

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 12 December 2025 and were signed by:

T W Sime - Director

1.	STATUTORY INFORMATION

Exchange Communications Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Exchange Communications Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 etc

-

10% on cost

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Debtors

Trade debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence the asset is impaired.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash in hand and bank overdrafts.

Creditors

Trade creditors and other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.

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 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

100,470

DEPRECIATION

At 1 April 2024

90,423

Charge for year

10,047

At 31 March 2025

100,470

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

10,047

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

303

NET BOOK VALUE

At 31 March 2025

303

At 31 March 2024

303

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Amounts owed by group undertakings

785,610

413,208

Amounts owed by associates

450,000

150,000

Other debtors

2,991,660

2,182,737

4,227,270

2,745,945

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Amounts owed to group undertakings

3,184,547

3,120,813

Taxation and social security

51,783

10,936

Other creditors

1,000

3,237,330

3,132,749

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other debtors is amounts owed from the director of £2,650,036 (2024:£1,841,255). Interest is being charged at 2.25% per annum.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T W Sime, due to his 95% holding of the ordinary shares of the company.