ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

EXPONOVIAS TRADE UK LTD - Company Information

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Caseware UK (AP4) 2018.0.196 2018.0.196 2018-12-312018-12-31truetrueNo description of principal activityfalse2017-10-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10385263 2017-10-01 2018-12-31 10385263 2016-09-20 2017-09-30 10385263 2018-12-31 10385263 2017-09-30 10385263 c:Director1 2017-10-01 2018-12-31 10385263 d:OfficeEquipment 2018-12-31 10385263 d:OfficeEquipment 2017-09-30 10385263 d:OfficeEquipment d:OwnedOrFreeholdAssets 2017-10-01 2018-12-31 10385263 d:ComputerEquipment 2017-10-01 2018-12-31 10385263 d:CurrentFinancialInstruments 2018-12-31 10385263 d:CurrentFinancialInstruments 2017-09-30 10385263 d:CurrentFinancialInstruments d:WithinOneYear 2018-12-31 10385263 d:CurrentFinancialInstruments d:WithinOneYear 2017-09-30 10385263 d:ShareCapital 2018-12-31 10385263 d:ShareCapital 2017-09-30 10385263 d:RetainedEarningsAccumulatedLosses 2018-12-31 10385263 d:RetainedEarningsAccumulatedLosses 2017-09-30 10385263 c:FRS102 2017-10-01 2018-12-31 10385263 c:AuditExempt-NoAccountantsReport 2017-10-01 2018-12-31 10385263 c:FullAccounts 2017-10-01 2018-12-31 10385263 c:PrivateLimitedCompanyLtd 2017-10-01 2018-12-31 10385263 c:PublicLimitedCompanyPLCNotQuotedOnAnyExchange 2017-10-01 2018-12-31 iso4217:GBP xbrli:pure

Registered number: 10385263









EXPONOVIAS TRADE UK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2018
 
EXPONOVIAS TRADE UK LIMITED
REGISTERED NUMBER: 10385263

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2018

31 December
30 September
2018
2017
Note
£
£

Fixed assets
  

Tangible assets
 4 
218
554

  
218
554

Current assets
  

Debtors: amounts falling due within one year
 5 
553,726
324,103

Cash at bank and in hand
  
62,960
202,566

  
616,686
526,669

Creditors: amounts falling due within one year
 6 
(437,571)
(414,697)

Net current assets
  
 
 
179,115
 
 
111,972

Total assets less current liabilities
  
179,333
112,526

  

Net assets
  
179,333
112,526


Capital and reserves
  

Called up share capital 
  
100,000
100,000

Profit and loss account
  
79,333
12,526

  
179,333
112,526


Page 1
 
EXPONOVIAS TRADE UK LIMITED
REGISTERED NUMBER: 10385263
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2018

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 November 2019.




M Fossas Sanz
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2
 
EXPONOVIAS TRADE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2018

1.


General information

Exponovias Trade UK Limited is a private company limited by shares and registered in England & Wales. The address of its registered office and principal place of business is C/o Veale Wasbrough Vizards Llp, Barnards Inn, 86 Fetter Lane, London, England, EC4A 1AD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency
The Company's functional and presentational currency is GBP.

 
2.3

Revenue

Revenue is recognised at the point in which a sales is agreed and an invoice raised. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3
 
EXPONOVIAS TRADE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2018

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short term creditors are measured at the transaction price.

Page 4
 
EXPONOVIAS TRADE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2018

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.


3.


Employees

The average monthly number of employees, including directors, during the period was 4 (2017 - 2).


4.


Tangible fixed assets







Computer equipment

£



Cost or valuation


At 1 October 2017
815



At 31 December 2018

815



Depreciation


At 1 October 2017
261


Charge for the period on owned assets
336



At 31 December 2018

597



Net book value



At 31 December 2018
218

Page 5
 
EXPONOVIAS TRADE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2018

5.


Debtors

31 December
30 September
2018
2017
£
£


Trade debtors
553,726
324,103

553,726
324,103



6.


Creditors: Amounts falling due within one year

31 December
30 September
2018
2017
£
£

Trade creditors
52,138
5,219

Corporation tax
15,046
3,088

Other taxation and social security
190,117
76,775

Other creditors
177,270
102,078

Accruals and deferred income
3,000
227,537

437,571
414,697



7.


Related party transactions

During the period, Novieuro SL, Centro Logistico and White Factory Holdings S.L.U provided the company with unsecured interest-free loans. Amounts due are repayable on demand. At the reporting date, the company owed £154,915 (2017:£88,073) to the three companies.

 
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