Expandi Digital Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07181693 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2020

for

Expandi Digital Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Apostoliti

O Celli

J D Sibley

P A Smith

REGISTERED OFFICE:

Unit 3 Walker Avenue

Wolverton Mill

Milton Keynes

MK12 5TW

REGISTERED NUMBER:

07181693 (England and Wales)

ACCOUNTANTS:

B&P Tax Legal Finance LLP

38 Craven Street

London

WC2N 5NG

CURRENT ASSETS

Debtors

5

170,981

244,319

Cash at bank

249,416

39,290

420,397

283,609

CREDITORS

Amounts falling due within one year

6

304,243

180,124

NET CURRENT ASSETS

116,154

103,485

TOTAL ASSETS LESS CURRENT LIABILITIES

116,154

103,485

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

116,054

103,385

116,154

103,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2021 and were signed on its behalf by:

R Apostoliti - Director

1.	STATUTORY INFORMATION

Expandi Digital Ltd 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.

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 consideration received or receivable excluding discounts and taxes from the activities of designing and implementing digital and social media campaigns and providing digital strategy.

Tangible fixed assets

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

Fixtures and fittings are depreciated at 33.33%.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2020

and 31 December 2020

8,291

DEPRECIATION

At 1 January 2020

and 31 December 2020

8,291

NET BOOK VALUE

At 31 December 2020

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Amounts owed by group undertakings

170,981

239,944

Other debtors

-

4,375

170,981

244,319

The previous year has been amended, reallocating the inter-group related company balances to accurately represent the intercompany and third party debtors.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

102,301

120,813

Amounts owed to group undertakings

70,171

-

Taxation and social security

106,596

23,579

Other creditors

25,175

35,732

304,243

180,124

7.	RELATED PARTY DISCLOSURES

As at year end the company owed the following to,

2020

2019

Expandi ITALY Limited

66,098.00

(28,299.00

)

Expandi UK Limited

2,605.00

32,033.00

NetPartnering.com Italia srl

1,468.00

NetPartnering Limited UK

1,021.00

And the company was expected to receive the following,

NetPartnering.com SARL

2,081.00

OnChannel BV Netherlands

899.00

(23,883.00

)

OnChannel Limited UK

124,939.00

5,615.00

OnChannel Sarl France

23,900.00

(23,883.00

)

OnChannel srl Italy

19,162.00

927.00

8.	ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent company is Expandi Limited. Expandi Limited prepared group financial statements and copies can be obtained from Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ.