Experior Technical Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05659781 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Experior Technical Services Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Ms S Cooper

T J Harrison

C Zivoder

T J Harrison

REGISTERED OFFICE:

The Great Barn

Alcester Road

Wootton Wawen

Henley in Arden

Warwickshire

B95 6HJ

REGISTERED NUMBER:

05659781 (England and Wales)

ACCOUNTANTS:

Davies Archytas Accountants Ltd

14, The Oaks

Clews Road

Oakenshaw

Redditch

Worcestershire

B98 7ST

FIXED ASSETS

Tangible assets

4

12,394

16,526

CURRENT ASSETS

Debtors

24,424

73

Cash at bank

1,862

11,197

26,286

11,270

CREDITORS

Amounts falling due within one year

16,529

58,985

NET CURRENT ASSETS/(LIABILITIES)

9,757

(47,715

)

TOTAL ASSETS LESS CURRENT LIABILITIES

22,151

(31,189

)

CREDITORS

Amounts falling due after more than one year

(41,667

)

-

PROVISIONS FOR LIABILITIES

(2,355

)

(3,140

)

NET LIABILITIES

(21,871

)

(34,329

)

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

(21,971

)

(34,429

)

SHAREHOLDERS' FUNDS

(21,871

)

(34,329

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 April 2021 and were signed on its behalf by:

T J Harrison - Director

1.	STATUTORY INFORMATION

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

Tangible fixed assets

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

Government grants

During the financial year, the company received grants under the Coronavirus Job Retention Scheme. The total of these grants were £46,481, accounted for on an accruals basis.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2020 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2020

and 31 March 2021

118,929

DEPRECIATION

At 1 April 2020

102,403

Charge for year

4,132

At 31 March 2021

106,535

NET BOOK VALUE

At 31 March 2021

12,394

At 31 March 2020

16,526

5.

LOANS

An analysis of the maturity of loans is given below:

31.3.21

31.3.20

£

£

Amounts falling due within one year or on demand:

Bank loans

8,333

828

Amounts falling due between one and two years:

Bank loans - 1-2 years

10,000

-

Amounts falling due between two and five years:

Bank loans - 2-5 years

31,667

-

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.21

31.3.20

value:

£

£

100

Ordinary

£1

100

100

7.	RELATED PARTY DISCLOSURES

During the year, the company provided services to Wemtech CTS Limited, which resulted in an income charge of £166,000 (2020 - £175,000) within the Financial Statements. The company also provided services to Wemtech Limited, which resulted in an income charge of £44,000 (2020 - £70,000) within the Financial Statements.

Amounts owed to/from Wemtech Limited and Wemtech CTS Limited at the year end totalled £16,934 (2020 - £21,332).

8.	ULTIMATE CONTROLLING PARTY

The controlling party at the financial year end was Wemtech (Holdings) Limited by virtue of its 100% holding in the issued share capital of the company.