Registration number:
eXPD8 Limited
for the Period from 24 March 2024 to 22 March 2025
eXPD8 Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Profit and Loss Account |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
eXPD8 Limited
Company Information
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Directors |
Mr P Bailey Mr M Thurgood |
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Registered office |
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Auditors |
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eXPD8 Limited
Strategic Report for the Period from 24 March 2024 to 22 March 2025
The directors present their strategic report for the period from 24 March 2024 to 22 March 2025.
Principal activity
The principal activity of the company is the provision of merchandising, compliance audits and supply chain management services to the retail sector.
Fair review of the business
The Company’s turnover increased by 34.4% year on year due the acquisition of new clients and also the inflationary impact of circa 6.6% arising from the 9.7% increase in the NMLW.
Despite the aggregate 28% increase in the NMLW across three years and continuing resource challenges in the economy, the business has performed well through the year with service being maintained to a high standard.
The operating profit for the year was £367k (2024: £107k) which was lower than it would otherwise have been due to costs incurred to in growing the business significantly during the year.
The company has a healthy balance sheet and strong liquidity with net assets of £1,782k (2024 - £1,579k).
Principal risks and uncertainties
The primary risk to the business remains the relative size of certain key contracts, but also the increased cost base due legislative changes, notably Employer’s National Insurance.
The contract risk is mitigated by entering into multiple year contract agreements, and managed by working closely with clients, continuously enhancing services and maintaining service levels.
As a general case, the Government tax and other legislative cost increases have resulted in individual clients reducing their volume and consequently the work available for our employees, but the macro impact is to increase the attractiveness to clients of the eXPD8 flexible resource solution.
The upcoming Workers Rights Act will further damage employment across the economy and will be both challenging and costly for the company. However, it is believed that the macro impact will once again favour eXPD8 relative to other less flexible solutions.
Approved by the
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eXPD8 Limited
Directors' Report for the Period from 24 March 2024 to 22 March 2025
The directors present their report and the financial statements for the period from 24 March 2024 to 22 March 2025.
Directors of the company
The directors who held office during the period were as follows:
Dividends
The directors recommend a final dividend payment of £Nil be made in respect of the financial period ended 22 March 2025 (2024 - £Nil).
Financial instruments
Objectives and policies
The company's objective is to operate in a profitable manner in the United Kingdom.
Price risk, credit risk, liquidity risk and cash flow risk
Price risk
The company is exposed to price risk as a result of its operations. However, sale prices are agreed by management before any work is undertaken and management also have a good knowledge of how long jobs take which means they are able to control the main cost of the company.
Credit risk
The company is exposed to credit risk and management ensure credit checks are completed or references received on all new customers and chase debts as soon as they are overdue.
Liquidity risk
The company's exposure to liquidity risk is minimal and the company has adequate net current assets and no short term borrowings.
Cashflow risk
The company is exposed to cash flow risk as a result of the timing between paying staff wages and the receipt of monies from customers. However the risk is managed by the financial support of the company’s main customer who provide an invoice discounting facility.
Employment of disabled persons
eXPD8 Limited is committed to employment policies that provide and promote equal employment and advancement opportunities and to providing an environment that ensures tolerance and respect for all employees. eXPD8 Limited's policy is that no employee will be treated less favourably, victimised or harassed on the grounds of their disability, gender, marital or civil partnership status, race, nationality, colour, ethnicity, religion, sexual orientation, age, or any other class protected by applicable law.
eXPD8 Limited
Directors' Report for the Period from 24 March 2024 to 22 March 2025
Employee involvement
eXPD8 Limited recognises the importance of engaging with and developing employees for both enhancing the performance of the business and in achieving and maintaining the highest standards in the workplace. This objective is achieved through a number of means. Notably, the company regularly convenes the Employee Representative Group, it uses social media very actively and leverages the Tablet infrastructure to share information. The company continues to invest in people, processes and technology in order to deliver on its core people values.
Future developments
25/26 is expected to show an increase in turnover in circa of 10%, but this is due primarily to inflationary increases in the cost base i.e. NMLW and National Insurance. Underlying volumes are likely to show only a small increase, but this disguises reductions in volume for existing clients as a consequence of additional cost offset by new business wins.
The company will achieve a significantly higher Operating Profit in 25/26 compared to that in 24/25 because of reduced cost of change.
The major driver of future growth will continue to be large whole category focussed contracts of which there are several in the new business pipeline.
In common with many other businesses, employing and retaining quality colleagues and therefore maintaining service levels is difficult, but the company has a program in place to tackle these challenges.
Looking further forwards, the trend to whole category solutions continues and the company is in a strong position to continue growth by deploying it’s unique agile local dedicated resource model and by leveraging its enhanced IT development capability.
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Reappointment of auditors
The auditors ML Audit LLP are deemed to be reappointed under section 487(2) of the Companies Act 2006.
Approved by the
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eXPD8 Limited
Statement of Directors' Responsibilities
The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
• | select suitable accounting policies and apply them consistently; |
• | make judgements and accounting estimates that are reasonable and prudent; |
• | state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
• | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
eXPD8 Limited
Independent Auditor's Report to the Members of eXPD8 Limited
Opinion
We have audited the financial statements of eXPD8 Limited (the 'company') for the period from 24 March 2024 to 22 March 2025, which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 22 March 2025 and of its profit for the period then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
eXPD8 Limited
Independent Auditor's Report to the Members of eXPD8 Limited
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Directors' Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page 5, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit engagement team:
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obtained an understanding of the nature of the industry and sector, including the legal and regulatory framework that the company operates in and how the company is complying with the legal and regulatory framework; |
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inquired of management, and those charged with governance, about their own identification and assessment of the risks or irregularities, including known and actual, suspected or alleged instances of fraud; |
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discussed matters about non-compliance with laws and regulations and how fraud might occur including assessment of how and where the financial statements may be susceptible to fraud. |
eXPD8 Limited
Independent Auditor's Report to the Members of eXPD8 Limited
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undertaken a review of manual journals processed in the accounting system, applying professional scepticism to ensure they are in line with our expectation that they are not unusual in the normal course of business. |
However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity’s operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
For and on behalf of
Freshford House
Redcliffe Way
BS1 6NL
eXPD8 Limited
Profit and Loss Account for the Period from 24 March 2024 to 22 March 2025
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Note |
24 March 2024 to 22 March 2025 |
26 March 2023 to 23 March 2024 |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating profit |
367,479 |
107,776 |
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Interest payable and similar expenses |
( |
( |
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Profit before tax |
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Tax on profit |
( |
- |
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Profit for the financial period |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the period other than the results above.
eXPD8 Limited
(Registration number: 04601274)
Balance Sheet as at 22 March 2025
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Note |
22 March |
23 March |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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Approved and authorised by the
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eXPD8 Limited
Statement of Changes in Equity for the Period from 24 March 2024 to 22 March 2025
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Share capital |
Retained earnings |
Total |
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At 26 March 2023 |
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Profit for the period |
- |
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At 23 March 2024 |
1,000 |
1,578,917 |
1,579,917 |
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Share capital |
Retained earnings |
Total |
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At 24 March 2024 |
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Profit for the period |
- |
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At 22 March 2025 |
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eXPD8 Limited
Notes to the Financial Statements for the Period from 24 March 2024 to 22 March 2025
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General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of the company's registered office and principal place of business is:
These financial statements were authorised for issue by the
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Accounting policies |
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Summary of disclosure exemptions
In accordance with Section 1.8 of FRS 102 the company is considered to be a qualifying entity and has taken advantage of the disclosure exemption as set out in paragraph 1.12(b) in relation to the preparation of the cash flow statement and related notes.
Name of parent group
These financial statements are consolidated in the financial statements of IZIT Group Limited.
The financial statements of IZIT Group Limited may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.
Disclosure of long or short period
Going concern
The directors are confident that the business has adequate resources and accordingly the company has continued to prepare its financial statements on a going concern basis.
eXPD8 Limited
Notes to the Financial Statements for the Period from 24 March 2024 to 22 March 2025
Key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.
Revenue recognition
Revenue comprises the fair value of the consideration received or receivable for the sale of goods and for the provision of services in the ordinary course of the company’s activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue for the sale of goods when all the following conditions are satisfied:
a) the significant risks and rewards of ownership have been transferred to the buyer;
b) the company retains no continuing involvement or control over the goods;
c) the amount of revenue can be reliably measured;
d) it is probable that future economic benefits will flow to the company; and
e) specific criteria have been met for each of the groups activities.
The company recognises revenue from the provision of services in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
a) the amount of revenue can be reliably measured;
b) it is probable that future economic benefit will flow to the company;
c) the stage of completion of the contract at the end of the reporting period can be reliably measured; and
d) the costs incurred and the costs to complete the contract can be reliably measured.
Finance income and costs policy
Interest income and expenses are recognised using the effective interest rate method.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
eXPD8 Limited
Notes to the Financial Statements for the Period from 24 March 2024 to 22 March 2025
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recongised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been encated or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are stated in the balance sheet at cost, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
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Asset class |
Amortisation method and rate |
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Software development costs |
straight line over 5 years |
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Office equipment |
straight line over 2 to 5 years |
Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
eXPD8 Limited
Notes to the Financial Statements for the Period from 24 March 2024 to 22 March 2025
Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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Turnover |
The analysis of the company's turnover for services provided in the period by market is as follows:
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24 March 2024 to 22 March 2025 |
26 March 2023 to 23 March 2024 |
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UK |
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eXPD8 Limited
Notes to the Financial Statements for the Period from 24 March 2024 to 22 March 2025
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Operating profit |
Arrived at after charging/(crediting):
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24 March 2024 to 22 March 2025 |
26 March 2023 to 23 March 2024 |
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Depreciation expense |
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Amortisation expense |
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Operating lease expense - property |
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Operating lease expense - plant and machinery |
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- |
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Interest payable and similar expenses |
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24 March 2024 to 22 March 2025 |
26 March 2023 to 23 March 2024 |
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Interest on bank overdrafts and borrowings |
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Foreign exchange gains |
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Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
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24 March 2024 to 22 March 2025 |
26 March 2023 to 23 March 2024 |
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Wages and salaries |
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Social security costs |
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Pension costs, defined contribution scheme |
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Other employee expense |
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The average number of persons employed by the company (including directors) during the period, analysed by category, was as follows:
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24 March 2024 to 22 March 2025 |
26 March 2023 to 23 March 2024 |
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Administration and support |
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Other departments |
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eXPD8 Limited
Notes to the Financial Statements for the Period from 24 March 2024 to 22 March 2025
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Directors' remuneration |
The directors' remuneration for the period was as follows:
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24 March 2024 to 22 March 2025 |
26 March 2023 to 23 March 2024 |
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Remuneration |
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Contributions paid to money purchase schemes |
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286,797 |
325,344 |
During the period the number of directors who were receiving benefits and share incentives was as follows:
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24 March 2024 to 22 March 2025 |
26 March 2023 to 23 March 2024 |
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Accruing benefits under money purchase pension scheme |
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In respect of the highest paid director:
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24 March 2024 to 22 March 2025 |
26 March 2023 to 23 March 2024 |
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Remuneration |
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Company contributions to money purchase pension schemes |
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Auditors' remuneration |
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24 March 2024 to 25 March 2025 |
26 March 2023 to 23 March 2024 |
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Audit of the financial statements |
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eXPD8 Limited
Notes to the Financial Statements for the Period from 24 March 2024 to 22 March 2025
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Taxation |
Tax charged/(credited) in the income statement:
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24 March 2024 to 22 March 2025 |
24 March 2023 to 26 March 2024 |
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Current taxation |
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UK corporation tax |
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- |
The tax on profit before tax for the period is higher than the standard rate of corporation tax in the UK (2024 - higher than the standard rate of corporation tax in the UK) of
The differences are reconciled below:
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24 March 2024 to 22 March 2025 |
26 March 2023 to 23 March 2024 |
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Profit before tax |
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Corporation tax at standard rate |
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Effect of expense not deductible in determining taxable profit (tax loss) |
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Tax (decrease)/increase arising from group relief |
( |
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Deferred tax not recognised |
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( |
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Deferred tax expense relating to changes in tax rates or laws |
- |
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Total tax charge |
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- |
eXPD8 Limited
Notes to the Financial Statements for the Period from 24 March 2024 to 22 March 2025
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Intangible assets |
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Software development costs |
Total |
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Cost or valuation |
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At 24 March 2024 |
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Additions acquired separately |
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At 22 March 2025 |
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Amortisation |
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At 24 March 2024 |
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Amortisation charge |
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At 22 March 2025 |
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Carrying amount |
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At 22 March 2025 |
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At 23 March 2024 |
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The amortisation of intangible assets is included in administrative expenses in the profit and loss account.
Individually material intangible assets
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eXPD8 Limited
Notes to the Financial Statements for the Period from 24 March 2024 to 22 March 2025
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Tangible assets |
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Office equipment |
Total |
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Cost |
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At 24 March 2024 |
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Additions |
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At 22 March 2025 |
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Depreciation |
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At 24 March 2024 |
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Charge for the period |
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At 22 March 2025 |
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Carrying amount |
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At 22 March 2025 |
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At 23 March 2024 |
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Debtors |
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Current |
22 March |
23 March |
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Trade debtors |
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Amounts owed by related parties |
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Other debtors |
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Prepayments |
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Accrued income |
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Cash and cash equivalents |
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22 March |
23 March |
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Cash at bank |
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eXPD8 Limited
Notes to the Financial Statements for the Period from 24 March 2024 to 22 March 2025
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Creditors |
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22 March |
23 March |
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Due within one year |
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Trade creditors |
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Amounts due to related parties |
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Social security and other taxes |
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Outstanding defined contribution pension costs |
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Other creditors |
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Accruals |
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Corporation tax liability |
82,459 |
- |
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Deferred income |
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Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the company to the scheme and amounted to £
Contributions totalling £
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Share capital |
Authorised, allotted, called up and fully paid shares
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22 March |
23 March |
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No. |
£ |
No. |
£ |
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1,000 |
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1,000 |
Rights, preferences and restrictions
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Ordinary A shares have the following rights, preferences and restrictions: |
eXPD8 Limited
Notes to the Financial Statements for the Period from 24 March 2024 to 22 March 2025
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Reserves |
Profit and loss
This reserve represents accumulated profits net of any distributions made to shareholders.
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Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
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22 March |
23 March |
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Not later than one year |
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Later than one year and not later than five years |
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The amount of non-cancellable operating lease payments recognised as an expense during the period was £
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Related party transactions |
Summary of transactions with parent and other group companies
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Parent and ultimate parent undertaking |
The company's immediate parent is
The most senior parent entity producing publicly available financial statements is
The ultimate controlling party is