Expanding Technology Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07340797 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2021 TO 31 DECEMBER 2022

FOR

EXPANDING TECHNOLOGY

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Davies

Mrs E C Davies

Mrs Z R French

SECRETARY:

Mrs Z R French

REGISTERED OFFICE:

Millum House

Hinton Martell

Wimborne

Dorset

BH21 7HE

REGISTERED NUMBER:

07340797 (England and Wales)

ACCOUNTANTS:

Carter & Coley

Chartered Accountants

3 Durrant Road

Bournemouth

Dorset

BH2 6NE

FIXED ASSETS

Tangible assets

4

8,321

9,789

CURRENT ASSETS

Stocks

-

30,000

Debtors

5

4,303

964

Cash at bank

71,058

38,290

75,361

69,254

CREDITORS

Amounts falling due within one year

6

73,376

76,582

NET CURRENT ASSETS/(LIABILITIES)

1,985

(7,328

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,306

2,461

PROVISIONS FOR LIABILITIES

1,581

1,114

NET ASSETS

8,725

1,347

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

8,525

1,147

SHAREHOLDERS' FUNDS

8,725

1,347

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2022 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by:

B Davies - Director

1.	STATUTORY INFORMATION

Expanding Technology 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.

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 services provided during the period, exclusive of 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

-

10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2021 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 November 2021

and 31 December 2022

21,423

9,000

30,423

DEPRECIATION

At 1 November 2021

11,634

9,000

20,634

Charge for period

1,468

-

1,468

At 31 December 2022

13,102

9,000

22,102

NET BOOK VALUE

At 31 December 2022

8,321

-

8,321

At 31 October 2021

9,789

-

9,789

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

4,303

964

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Taxation and social security

48,791

30,087

Other creditors

24,585

46,495

73,376

76,582

7.	RELATED PARTY DISCLOSURES

TRANSACTIONS WITH COMPANIES UNDER COMMON OWNERSHIP

Non interest bearing loans on which no terms of repayment have been agreed. The amount due to companies under common ownership at the balance sheet date amounted to £18,261 (2021 - £44,605).