Exposure Sport Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07633419 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Exposure Sport Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S McGeeney

REGISTERED OFFICE:

48 Brook Dene

Winslow

Buckinghamshire

MK18 3FU

REGISTERED NUMBER:

07633419 (England and Wales)

ACCOUNTANTS:

L K Bartlett

19 Tweedale Close

Mursley

Buckinghamshire

MK17 0SB

CURRENT ASSETS

Debtors

5

68,807

33,240

Cash at bank

4,313

3,093

73,120

36,333

CREDITORS

Amounts falling due within one year

6

66,373

26,107

NET CURRENT ASSETS

6,747

10,226

TOTAL ASSETS LESS CURRENT LIABILITIES

6,747

10,226

CREDITORS

Amounts falling due after more than one year

7

5,633

8,758

NET ASSETS

1,114

1,468

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,113

1,467

SHAREHOLDERS' FUNDS

1,114

1,468

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 27 November 2023 and were signed by:

S McGeeney - Director

1.	STATUTORY INFORMATION

Exposure Sport 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.

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.

Plant and machinery etc

-

33% on cost

Taxation

Taxation for the year 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 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 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

and 31 March 2023

1,398

DEPRECIATION

At 1 April 2022

and 31 March 2023

1,398

NET BOOK VALUE

At 31 March 2023

-

5.

DEBTORS

31.3.23

31.3.22

£

£

Amounts falling due within one year:

Trade debtors

16,092

4,105

Other debtors

47,048

23,468

63,140

27,573

Amounts falling due after more than one year:

Other debtors

5,667

5,667

Aggregate amounts

68,807

33,240

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans and overdrafts

18,288

5,446

Taxation and social security

17,944

14,166

Other creditors

30,141

6,495

66,373

26,107

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans

5,633

8,758

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23

31.3.22

£

£

S McGeeney

Balance outstanding at start of year

23,468

24,417

Amounts advanced

23,580

-

Amounts repaid

-

(949

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

47,048

23,468