EXODOS LIMITED - Accounts

EXODOS LIMITED - Accounts

EXODOS LIMITED - Company Information

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Registered Number: 10819571
England and Wales

 

 

 

EXODOS LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 October 2019

End date: 30 September 2020

EXODOS LIMITED
Contents Page
For the year ended 30 September 2020
Director Sally Barter
Registered Number 10819571
Registered Office 28 Stoke Heights
Fair Oak
Eastleigh
Hampshire
SO50 8AJ
Accountants JSR MANAGEMENT & HR CONSULTANCY SERVICES LTD
1 The Bridgeway
Portsmouth Road, Woolston
Southampton
SO19 7PE
1
The directors present their annual report and the financial statements for the year ended 30 September 2020.
Principal activities
Principal activity of the company during the financial year was of Cleaning and Service Provision
Director
The director who served the company throughout the year was as follows:
Sally Barter
Statement of director's responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions
Employment of disabled persons
Applications for employment by disabled persons are always fully considered, bearing in mind the respective aptitudes and abilities of the applicant concerned. In the event of employees becoming disabled every effort is made to ensure that their employment with the company continues and the appropriate training is arranged. It is the policy of the company that the training, career development and promotion of a disabled person should, as far as possible, be identical to that of an employee who does not suffer from a disability.

On behalf of the board.


----------------------------------
Sally Barter
Director

Date approved: 05 May 2021
2
 
 		 Notes
 		 2020
£		   2019
£
Fixed assets      
Intangible fixed assets 3 7,338    11,007 
Tangible fixed assets 4 518    398 
7,856    11,405 
Current assets      
Debtors 5 6,344    1,942 
Cash at bank and in hand 23,645    21,492 
29,989    23,434 
Creditors: amount falling due within one year 6 (27,562)   (34,868)
Net current assets 2,427    (11,434)
 
Total assets less current liabilities 10,283    (29)
Provisions for liabilities 7 (46)   (68)
Net assets 10,237    (97)
 

Capital and reserves 		     
Called up share capital 1    1 
Profit and loss account 10,236    (98)
Shareholders funds 10,237    (97)
 


For the year ended 30 September 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 05 May 2021 and were signed by:


--------------------------------
Sally Barter
Director
3
General Information
EXODOS LIMITED is a private company, limited by shares,registered in England and Wales,registration number 10819571,registration address 28 Stoke Heights , Fair Oak, Eastleigh, Hampshire, SO50 8AJ

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Franchise Fees
Franchise Fees is stated at cost less amortization. Amortization is calculated on a straight line basis over the estimated expected useful economic life of the Franchise Fees of 5 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 5 (2019 : 5).
3.

Intangible fixed assets

Cost Franchise Fees   Total
  £   £
At 01 October 2019 18,345    18,345 
Additions -    - 
Disposals -    - 
At 30 September 2020 18,345    18,345 
Amortisation
At 01 October 2019 7,338    7,338 
Charge for year 3,669    3,669 
On disposals -    - 
At 30 September 2020 11,007    11,007 
Net book values
At 30 September 2020 7,338    7,338 
At 30 September 2019 11,007    11,007 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 October 2019 636    636 
Additions 292    292 
Disposals -    - 
At 30 September 2020 928    928 
Depreciation
At 01 October 2019 238    238 
Charge for year 172    172 
On disposals -    - 
At 30 September 2020 410    410 
Net book values
Closing balance as at 30 September 2020 518    518 
Opening balance as at 01 October 2019 398    398 


5.

Debtors: amounts falling due within one year

2020
£		   2019
£
Trade Debtors 4,364    1,509 
Other Debtors 1,980    433 
6,344    1,942 

6.

Creditors: amount falling due within one year

2020
£		   2019
£
Trade Creditors 922    - 
Corporation Tax 2,220    528 
PAYE & Social Security -    2,679 
Accrued Expenses -    219 
Other Creditors -    1,310 
Wages & Salaries Control Account 5,356    4,718 
Directors' Current Accounts 16,576    22,772 
VAT Control Account 2,488    2,642 
27,562    34,868 

7.

Provisions for liabilities

2020
£		   2019
£
Deferred Tax -    68 
Pension Provisions 46    - 
46    68 

4