GREAT EXPECTATIONS LIMITED

GREAT EXPECTATIONS LIMITED
Statement of Financial Position
As at 31 July 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	74	350
		74	350
Current assets
Debtors	4	36,348	31,163
Creditors: amount falling due within one year	5	(27,597)	(22,824)
Net current assets		8,751	8,339

Total assets less current liabilities		8,825	8,689
Creditors: amount falling due after more than one year	6	(2,271)	(4,938)
Provisions for liabilities	7	(14)	(67)
Net assets		6,540	3,684

Capital and reserves
Called up share capital		101	101
Profit and loss account		6,439	3,583
Shareholders' funds		6,540	3,684

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

Director's 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 29 April 2026 and were signed by:

-------------------------------
Andrew Attwood
Director

GREAT EXPECTATIONS LIMITED
Notes to the Financial Statements
For the year ended 31 July 2025

General Information

GREAT EXPECTATIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02499240, registration address 8 Upthorpe Drive, WANTAGE, OX12 7DF.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	3 years Straight Line
Motor Vehicles	3 years Straight Line
Computer Equipment	3 years Straight Line

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 1 (2024 : 1).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
At 01 August 2024	18,702	17,983	1,106	37,791
Additions	-	-	-	-
Disposals	-	-	-	-
At 31 July 2025	18,702	17,983	1,106	37,791
Depreciation
At 01 August 2024	18,352	17,983	1,106	37,441
Charge for year	276	-	-	276
On disposals	-	-	-	-
At 31 July 2025	18,628	17,983	1,106	37,717
Net book values
Closing balance as at 31 July 2025	74	-	-	74
Opening balance as at 01 August 2024	350	-	-	350

Debtors: amounts falling due after one year

	2025 £	2024 £
Other Debtors	8,042	8,042
Directors Loan Accounts	28,306	23,121
	36,348	31,163

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	0	64
Bank Loans & Overdrafts	24,185	19,546
Corporation Tax	3,268	3,154
PAYE & Social Security	84	0
Accrued Expenses	60	60
	27,597	22,824

Creditors: amount falling due after more than one year

	2025 £		2024 £
Bank Loans & Overdrafts	2,271		4,938
	2,271		4,938

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	14		67
	14		67

Advances and Credits

Andrew Attwood

Current year (2025)

	Brought Forward £		Amount £		Interest £		Repaid £		Written Off £		Waived £		Carry Forward £
Andrew Attwood	23,121		5,185		0		0		0		0		28,306
	23121		5185		0		0		0		0		28306

Previous year (2024)

	Brought Forward £		Amount £		Interest £		Repaid £		Written Off £		Waived £		Carry Forward £
Andrew Attwood	17,189		5,932		0		0		0		0		23,121
	17189		5932		0		0		0		0		23121

Registered Number: 02499240
England and Wales
GREAT EXPECTATIONS LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 August 2024 End date: 31 July 2025