REGISTERED NUMBER: NI608120 (Northern Ireland)

Exchange Accountants Limited

Unaudited Financial Statements for the Year Ended 31 August 2025

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

Mr W J Gould FCCA

Mr G D Laverty FCCA

Mr C Walls B.A (Hons) FCA

Registered office:

Oakmont House

2 Queens Road

Lisburn

BT27 4TZ

Registered number:

NI608120 (Northern Ireland)

Accountants:

Exchange Accountants Limited

Chartered Certified Accountants

Oakmont House

2 Queens Road

Lisburn

BT27 4TZ

Bankers:

Ulster Bank

91-93 University Road

Belfast

BT7 1NG

Fixed assets

Intangible assets

4

-

44,720

Tangible assets

5

10,214

17,197

Investments

6

10

-

10,224

61,917

Current assets

Stocks

353,982

410,732

Debtors

7

258,852

191,274

Cash at bank and in hand

106,090

101,836

718,924

703,842

Creditors

Amounts falling due within one year

8

(383,914

)

(390,877

)

Net current assets

335,010

312,965

Total assets less current liabilities

345,234

374,882

Creditors

Amounts falling due after more than one year

9

(9,144

)

(51,545

)

Net assets

336,090

323,337

Capital and reserves

Called up share capital

100

100

Retained earnings

335,990

323,237

Shareholders' funds

336,090

323,337

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2026 and were signed on its behalf by:

Mr W J Gould FCCA - Director

Mr C Walls B.A (Hons) FCA - Director

1.	Statutory information

Exchange Accountants Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Exchange Accountants Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% Reducing balance

Work in progress

In accordance with UITF 40, work in progress is reflected in the accounts at the expected revenue due for work carried out during the period that has not yet been invoiced.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 13 (2024 - 14 ) .

4.	Intangible fixed assets

Other

intangible

Goodwill

assets

Totals

£

£

£

Cost

At 1 September 2024

and 31 August 2025

688,840

7,439

696,279

Amortisation

At 1 September 2024

644,120

7,439

651,559

Charge for year

44,720

-

44,720

At 31 August 2025

688,840

7,439

696,279

Net book value

At 31 August 2025

-

-

-

At 31 August 2024

44,720

-

44,720

5.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 September 2024

and 31 August 2025

115,937

Depreciation

At 1 September 2024

97,412

Charge for year

8,311

At 31 August 2025

105,723

Net book value

At 31 August 2025

10,214

At 31 August 2024

18,525

6.	Fixed asset investments

Shares in

group

undertakings

£

Cost

Additions

10

At 31 August 2025

10

Net book value

At 31 August 2025

10

7.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

151,935

166,956

Amounts owed by associates

104,878

22,393

Other debtors

2,039

1,925

258,852

191,274

8.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

36,000

36,000

Hire purchase contracts

690

8,273

Payments on account

206,157

202,866

Trade creditors

13,992

13,258

Taxation and social security

112,060

113,653

Other creditors

15,015

16,827

383,914

390,877

9.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

9,144

50,855

Hire purchase contracts

-

690

9,144

51,545

10.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

45,144

86,855

Hire purchase contracts

690

8,963

45,834

95,818

Bank loans and overdrafts are secured by directors' personal guarantees.

Hire purchase contracts are secured on the assets to which they relate.