My Local Experts Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08910811

		2026		2025 as restated
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		5,391		12,883
Tangible Assets	5		135		195

			5,526		13,078
CURRENT ASSETS
Debtors	6	10,000		1,383
Cash at bank and in hand		4,303		89

		14,303		1,472
Creditors: Amounts Falling Due Within One Year	7	(30,528 )		(88,641 )

NET CURRENT ASSETS (LIABILITIES)			(16,225 )		(87,169 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(10,699 )		(74,091 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(214 )		(1,134 )

NET LIABILITIES			(10,913 )		(75,225 )

CAPITAL AND RESERVES
Called up share capital	8		200		200
Profit and Loss Account			(11,113 )		(75,425 )

SHAREHOLDERS' FUNDS			(10,913)		(75,225)

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My Local Experts Ltd

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr David Ingram

Director

2nd November 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

My Local Experts Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08910811 . The registered office is 14 Porth Parade, Newquay Cornwall, England, TR7 3JZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are Website development. It is amortised to profit and loss account over its estimated economic life of 5 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

20% Straight Line

2.5. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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.

...CONTINUED

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My Local Experts Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.7. Work in Progress

Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 3)

4. Intangible Assets

	Other
	£
Cost
As at 1 March 2025	45,360

As at 28 February 2026	45,360

Amortisation
As at 1 March 2025	32,477
Provided during the period	7,492

As at 28 February 2026	39,969

Net Book Value
As at 28 February 2026	5,391

As at 1 March 2025	12,883

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 March 2025	300

As at 28 February 2026	300

Depreciation
As at 1 March 2025	105
Provided during the period	60

As at 28 February 2026	165

Net Book Value
As at 28 February 2026	135

As at 1 March 2025	195

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My Local Experts Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

6. Debtors

	2026	2025 as restated
	£	£
Due within one year
Prepayments and accrued income	10,000	1,383

7. Creditors: Amounts Falling Due Within One Year

	2026	2025 as restated
	£	£
Trade creditors	-	1,607
Other taxes and social security	35	-
Net wages	-	18,765
Accruals and deferred income	-	30
Directors' loan accounts	30,493	68,239

	30,528	88,641

8. Share Capital

	2026	2025 as restated
	£	£
Allotted, Called up and fully paid	200	200

9. Related Party Transactions

Mr Stephen Thompson

Former Shareholder and a Director of My Local Experts Ltd.

During the year, Mr Stephen Thompson, a former director and shareholder of the company, formally waived an outstanding loan balance of £4,200 previously owed to them by the company.

Mrs Susan Ingram

Shareholder and a Director of My Local Experts Ltd.

As at the Year End February 2026, My Local Experts Ltd owes an amount of £15,247 to Mrs Susan Ingram. The loan is interest-free, unsecured, and repayable on demand.

Mr David Ingram

Shareholder and a Director of My Local Experts Ltd.

As at the Year End February 2026, My Local Experts Ltd owes an amount of £15,247 to Mr David Ingram. The loan is interest-free, unsecured, and repayable on demand.

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