Registration number: 13961887

This & That Exeter Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

This & That Exeter Ltd

Company Information

Directors

Mrs Cassie Ann Kite Mr Paul Andrew Kite

Registered office

Unit 14-15 Bakers Yard Alphin Brook Road Marsh Barton Trading Estate Exeter Devon EX2 8RG

Accountants

Wortham Jaques Limited 130a High Street, Crediton, Devon EX17 3LQ

This & That Exeter Ltd

(Registration number: 13961887)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	22,512	25,476
Current assets
Stocks	5	3,092	3,218
Debtors	6	3,038	548
Cash at bank and in hand		18,315	6,741
		24,445	10,507
Creditors: Amounts falling due within one year	7	(8,994)	(14,315)
Net current assets/(liabilities)		15,451	(3,808)
Total assets less current liabilities		37,963	21,668
Provisions for liabilities		(4,277)	(4,841)
Net assets		33,686	16,827
Capital and reserves
Called up share capital		2	2
Retained earnings		33,684	16,825
Shareholders' funds		33,686	16,827

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 December 2025 and signed on its behalf by:
 

......................................... Mrs Cassie Ann Kite Director

This & That Exeter Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 14-15 Bakers Yard
Alphin Brook Road
Marsh Barton Trading Estate
Exeter
Devon
EX2 8RG
United Kingdom

These financial statements were authorised for issue by the Board on 17 December 2025.

2	Accounting policies

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred 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.

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.

This & That Exeter Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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 recognised 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 enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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:

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.

Trade 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

This & That Exeter Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

This & That Exeter Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	6,039	26,448	32,487
Additions	2,666	-	2,666
At 31 March 2025	8,705	26,448	35,153
Depreciation
At 1 April 2024	1,721	5,290	7,011
Charge for the year	1,398	4,232	5,630
At 31 March 2025	3,119	9,522	12,641
Carrying amount
At 31 March 2025	5,586	16,926	22,512
At 31 March 2024	4,318	21,158	25,476

5

Stocks

	2025 £	2024 £
Other inventories	3,092	3,218

6

Debtors

Current	2025 £	2024 £
Prepayments	667	548
Other debtors	2,371	-
	3,038	548

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	8,154	-
Accruals and deferred income	840	726
Other creditors	-	13,589
	8,994	14,315

This & That Exeter Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £7,750.00 (2024 - £1,000.00) per each Ordinary £1		15,500		2,000

9	Related party transactions

Transactions with directors

2025	At 1 April 2024 £	Advances to director £	At 31 March 2025 £
Directors loan account	13,589	(15,960)	(2,371)

2024	At 1 April 2023 £	Advances to director £	Repayments by director £	At 31 March 2024 £
Directors loan account	264	16,325	(3,000)	13,589

Dividends paid to directors

		2025 £		2024 £
Mr Paul Andrew Kite
Dividends paid to director		7,750		1,000
Mrs Cassie Ann Kite
Dividends paid to director		7,750		1,000

10	Parent and ultimate parent undertaking

The ultimate controlling party is the company's directors.