Company registration number 12984549 (England and Wales)
YOUR EXPERTS GROUP LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
YOUR EXPERTS GROUP LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
YOUR EXPERTS GROUP LTD
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
19,427
19,481
Current assets
Debtors
4
14,055
8,488
Cash at bank and in hand
1,814
104
15,869
8,592
Creditors: amounts falling due within one year
5
(27,543)
(18,453)
Net current liabilities
(11,674)
(9,861)
Total assets less current liabilities
7,753
9,620
Creditors: amounts falling due after more than one year
6
(5,605)
(10,085)
Net assets/(liabilities)
2,148
(465)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
2,147
(466)
Total equity
2,148
(465)

For the financial period ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

The financial statements were approved and signed by the director and authorised for issue on 24 February 2026
Mr T S Allen
Director
Company registration number 12984549 (England and Wales)
YOUR EXPERTS GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
- 2 -
1
Accounting policies
Company information

Your Experts Group Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Hazlemere, 70 Chorley New Road, Bolton, Lancashire, BL1 4BY.

1.1
Basis of preparation

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.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is measured at the fair value of the consideration received or receivable, e xcluding discounts, rebates, value added tax and other sales taxes.

1.3
Tangible fixed assets

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

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

Plant and equipment
25% reducing balance
Computers
33% straight line
Motor vehicles
25% reducing balance
1.4
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. Bank overdrafts are shown within borrowings in current liabilities.

1.5
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 tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

YOUR EXPERTS GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 3 -

The carrying amount of deferred tax assets is reviewed at each reporting end date 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. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 November 2023
10,384
912
22,799
34,095
Additions
5,676
1,125
-
0
6,801
At 31 October 2024
16,060
2,037
22,799
40,896
Depreciation and impairment
At 1 November 2023
4,840
457
9,317
14,614
Depreciation charged in the period
2,805
679
3,371
6,855
At 31 October 2024
7,645
1,136
12,688
21,469
Carrying amount
At 31 October 2024
8,415
901
10,111
19,427
At 31 October 2023
5,544
455
13,482
19,481
YOUR EXPERTS GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2024
3
Tangible fixed assets
(Continued)
- 4 -

Included within tangible fixed assets are assets held under hire purchase agreements with a net book value of £8,820. Obligations under these agreements amount to £10,085, of which £4,481 are due within one year. The agreements are secured on the related assets.

4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
5,680
-
0
Other debtors
8,375
8,488
14,055
8,488
5
Creditors: amounts falling due within one year
2024
2023
£
£
Obligations under finance leases
4,481
4,182
Trade creditors
642
-
0
Taxation and social security
4,875
-
0
Other creditors
15,340
12,277
Accruals and deferred income
2,205
1,994
27,543
18,453

Included within other creditors is £15,340 that the company owed to the director at the year end. The director’s loan account is non-interest bearing and has no formal repayment terms.

6
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Obligations under finance leases
5,605
10,085
2024-10-31 2023-11-01 false false false 24 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr T S Allen 12984549 2023-11-01 2024-10-31 12984549 2024-10-31 12984549 2023-10-31 12984549 core:PlantMachinery 2024-10-31 12984549 core:ComputerEquipment 2024-10-31 12984549 core:MotorVehicles 2024-10-31 12984549 core:PlantMachinery 2023-10-31 12984549 core:ComputerEquipment 2023-10-31 12984549 core:MotorVehicles 2023-10-31 12984549 core:CurrentFinancialInstruments 2024-10-31 12984549 core:CurrentFinancialInstruments 2023-10-31 12984549 core:Non-currentFinancialInstruments 2024-10-31 12984549 core:Non-currentFinancialInstruments 2023-10-31 12984549 core:ShareCapital 2024-10-31 12984549 core:ShareCapital 2023-10-31 12984549 core:RetainedEarningsAccumulatedLosses 2024-10-31 12984549 core:RetainedEarningsAccumulatedLosses 2023-10-31 12984549 bus:Director1 2023-11-01 2024-10-31 12984549 core:PlantMachinery 2023-11-01 2024-10-31 12984549 core:ComputerEquipment 2023-11-01 2024-10-31 12984549 core:MotorVehicles 2023-11-01 2024-10-31 12984549 2022-11-01 2023-10-31 12984549 core:PlantMachinery 2023-10-31 12984549 core:ComputerEquipment 2023-10-31 12984549 core:MotorVehicles 2023-10-31 12984549 2023-10-31 12984549 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12984549 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12984549 bus:FRS102 2023-11-01 2024-10-31 12984549 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 12984549 bus:FullAccounts 2023-11-01 2024-10-31 xbrli:pure xbrli:shares iso4217:GBP