Company Registration No. 08234089 (England and Wales)
EXE VALLEY PAYROLL LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
EXE VALLEY PAYROLL LTD
COMPANY INFORMATION
Directors
Mrs J M Bryant
Mr A M Bryant
Miss V H Bryant
Secretary
Mrs J M Bryant
Company number
08234089
Registered office
40 Bluebell Avenue
Tiverton
Devon
EX16 6SX
Accountants
Apsleys Chartered Accountants
21 Bampton Street
Tiverton
Devon
EX16 6AA
EXE VALLEY PAYROLL LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
EXE VALLEY PAYROLL LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Goodwill
3
6,000
12,000
Tangible assets
4
11,906
9,467
17,906
21,467
Current assets
Debtors
5
25,952
12,339
Cash at bank and in hand
931
-
0
26,883
12,339
Creditors: amounts falling due within one year
6
(43,733)
(28,473)
Net current liabilities
(16,850)
(16,134)
Total assets less current liabilities
1,056
5,333
Provisions for liabilities
(1,044)
(346)
Net assets
12
4,987
Capital and reserves
Called up share capital
7
3
3
Profit and loss reserves
9
4,984
Total equity
12
4,987

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

EXE VALLEY PAYROLL LTD
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2025
30 September 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 21 January 2026 and are signed on its behalf by:
Mr A M Bryant
Director
Company Registration No. 08234089
EXE VALLEY PAYROLL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 3 -
1
Accounting policies
Company information

Exe Valley Payroll Ltd is a private company limited by shares incorporated in England and Wales within the United Kingdom.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2
Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10/5 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cos t, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Property improvements
10% straight line
Fixtures and fittings
20% straight line
Computers

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

EXE VALLEY PAYROLL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 4 (2024 - 4).

EXE VALLEY PAYROLL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 October 2024 and 30 September 2025
47,165
Amortisation and impairment
At 1 October 2024
35,165
Amortisation charged for the year
6,000
At 30 September 2025
41,165
Carrying amount
At 30 September 2025
6,000
At 30 September 2024
12,000
4
Tangible fixed assets
Property improvements
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 October 2024
-
0
2,014
28,502
30,516
Additions
-
0
799
5,357
6,156
At 30 September 2025
-
0
2,813
33,859
36,672
Depreciation and impairment
At 1 October 2024
-
0
1,630
19,419
21,049
Depreciation charged in the year
1,476
278
1,963
3,717
At 30 September 2025
1,476
1,908
21,382
24,766
Carrying amount
At 30 September 2025
(1,476)
905
12,477
11,906
At 30 September 2024
8,728
384
355
9,467
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
17,352
12,339
Other debtors
8,600
-
0
25,952
12,339
EXE VALLEY PAYROLL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 6 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
0
144
Corporation tax
13,720
13,303
Other taxation and social security
7,190
4,286
Other creditors
22,823
10,740
43,733
28,473
7
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
2 Ordinary A of £1 each
2
2
1 Ordinary B of £1 each
1
1
3
3
8
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Mrs J M Bryant
-
-
4,300
4,300
Mr A M Bryant
-
-
8,505
8,505
-
12,805
12,805
2025-09-30 2024-10-01 false false false 22 January 2026 CCH Software CCH Accounts Production 2025.100 Payroll Services Mr A M Bryant Miss V H Bryant Miss V H Bryant Mrs J M Bryant 08234089 2024-10-01 2025-09-30 08234089 bus:CompanySecretaryDirector1 2024-10-01 2025-09-30 08234089 bus:Director1 2024-10-01 2025-09-30 08234089 bus:Director2 2024-10-01 2025-09-30 08234089 bus:CompanySecretary1 2024-10-01 2025-09-30 08234089 bus:Director3 2024-10-01 2025-09-30 08234089 bus:RegisteredOffice 2024-10-01 2025-09-30 08234089 2025-09-30 08234089 core:Goodwill 2025-09-30 08234089 core:Goodwill 2024-09-30 08234089 core:NetGoodwill 2025-09-30 08234089 core:NetGoodwill 2024-09-30 08234089 2024-09-30 08234089 core:LeaseholdImprovements 2025-09-30 08234089 core:FurnitureFittings 2025-09-30 08234089 core:ComputerEquipment 2025-09-30 08234089 core:LeaseholdImprovements 2024-09-30 08234089 core:FurnitureFittings 2024-09-30 08234089 core:ComputerEquipment 2024-09-30 08234089 core:CurrentFinancialInstruments 2025-09-30 08234089 core:CurrentFinancialInstruments 2024-09-30 08234089 core:Non-currentFinancialInstruments 2025-09-30 08234089 core:ShareCapital 2025-09-30 08234089 core:ShareCapital 2024-09-30 08234089 core:RetainedEarningsAccumulatedLosses 2025-09-30 08234089 core:RetainedEarningsAccumulatedLosses 2024-09-30 08234089 core:ShareCapitalOrdinaryShareClass1 2025-09-30 08234089 core:ShareCapitalOrdinaryShareClass1 2024-09-30 08234089 core:ShareCapitalOrdinaryShareClass2 2025-09-30 08234089 core:ShareCapitalOrdinaryShareClass2 2024-09-30 08234089 core:ShareCapitalOrdinaryShares 2025-09-30 08234089 core:ShareCapitalOrdinaryShares 2024-09-30 08234089 core:Goodwill 2024-10-01 2025-09-30 08234089 core:LeaseholdImprovements core:LeasedAssetsHeldAsLessee 2024-10-01 2025-09-30 08234089 core:FurnitureFittings 2024-10-01 2025-09-30 08234089 2023-10-01 2024-09-30 08234089 core:NetGoodwill 2024-09-30 08234089 core:NetGoodwill 2024-10-01 2025-09-30 08234089 core:LeaseholdImprovements 2024-09-30 08234089 core:FurnitureFittings 2024-09-30 08234089 core:ComputerEquipment 2024-09-30 08234089 2024-09-30 08234089 core:LeaseholdImprovements 2024-10-01 2025-09-30 08234089 core:ComputerEquipment 2024-10-01 2025-09-30 08234089 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 08234089 bus:FRS102 2024-10-01 2025-09-30 08234089 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 08234089 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 08234089 bus:FullAccounts 2024-10-01 2025-09-30 xbrli:pure xbrli:shares iso4217:GBP