REGISTERED NUMBER: 03552266 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

EXPERT PURCHASING SOLUTIONS

(CONSULTANCY) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S W Bridges

Ms K S Davies

SECRETARY:

Ms K S Davies

REGISTERED OFFICE:

Pound House

Old Charfield

Wotton Under Edge

Gloucestershire

GL12 8LJ

REGISTERED NUMBER:

03552266 (England and Wales)

ACCOUNTANTS:

Burnside

Chartered Accountants

61 Queen Square

Bristol

BS1 4JZ

BANKERS:

HSBC Bank Plc

118 Commercial Road

Portsmouth

Hampshire

PO1 1EP

FIXED ASSETS

Tangible assets

4

12,078

15,716

CURRENT ASSETS

Debtors

5

14,624

40,201

Cash at bank

48,182

101,206

62,806

141,407

CREDITORS

Amounts falling due within one year

6

14,873

21,614

NET CURRENT ASSETS

47,933

119,793

TOTAL ASSETS LESS CURRENT LIABILITIES

60,011

135,509

PROVISIONS FOR LIABILITIES

7

-

2,986

NET ASSETS

60,011

132,523

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

59,911

132,423

SHAREHOLDERS' FUNDS

60,011

132,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

S W Bridges - Director

1.	STATUTORY INFORMATION

Expert Purchasing Solutions (Consultancy) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents the value of goods despatched and services delivered during the year, excluding value added tax.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on cost

Financial instruments

Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company may not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

Interest bearing bank loans, overdrafts and other loans which meet the criteria of basic financial instruments are initially recorded at the present value of cash payable to the bank, usually being equivalent to the proceeds received net of direct issue costs. These liabilities are subsequently measured at amortised cost, using the effective interest rate method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Foreign currencies

Monetary assets and liabilities denominated 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 rates of exchange ruling on the date of the transaction. Exchange gains and losses are recognised in the profit and loss account.

Going concern

The directors have reviewed the going concern status of the business and fully expect that the company will remain a going concern and will have sufficient working capital to meet its requirements for the foreseeable future. The directors therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Office

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2024

and 28 February 2025

10,835

25,404

30,393

10,387

77,019

DEPRECIATION

At 1 March 2024

9,640

17,996

25,456

8,211

61,303

Charge for year

179

1,111

1,233

1,115

3,638

At 28 February 2025

9,819

19,107

26,689

9,326

64,941

NET BOOK VALUE

At 28 February 2025

1,016

6,297

3,704

1,061

12,078

At 29 February 2024

1,195

7,408

4,937

2,176

15,716

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

9,293

4,646

Other debtors

5,225

4,267

Directors' current accounts

-

25,119

Corporation tax

-

5,801

Prepayments and accrued income

106

368

14,624

40,201

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

739

-

VAT

3,164

6,091

Other creditors

80

-

Directors' current accounts

21

-

Accruals and deferred income

10,869

15,523

14,873

21,614

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

2,295

2,986

Tax losses

(2,295

)

-

-

2,986

Deferred

tax

£

Balance at 1 March 2024

2,986

Provided during year

(2,986

)

Balance at 28 February 2025

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50

Ordinary 'A'

£1

50

50

50

Ordinary 'B'

£1

50

50

100

100

9.	RELATED PARTY DISCLOSURES

At 29 February 2025, the company owed £21 (2024 - The company was owed £25,119) from S W Bridges in respect of a short-term loan. The loan at 28 February 2024 was repaid in full shortly after the year end.

10.	ULTIMATE CONTROLLING PARTY

The company was under the control of S W Bridges and K S Davies throughout the current and previous year. S W Bridges and K S Davies are directors and joint owners of the company.