Exo Projects Limited
Exo Projects Limited
Registered number: 11008758
Unaudited Financial Statements
For The Year Ended 31 October 2023
Exo Projects Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Unaudited Financial Statements
Contents | |
Page | |
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Statement of Financial Position | 1—2 |
Notes to the Financial Statements | 3—5 |
Exo Projects Limited
Statement of Financial Position
As At
31 October 2023
Statement of Financial Position
Registered number:
11008758
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
2023 | 2022 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 4 |
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Tangible Assets | 5 |
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Investments | 6 |
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CURRENT ASSETS | |||||
Stocks | 7 |
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Debtors | 8 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 9 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 10 |
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NET LIABILITIES |
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CAPITAL AND RESERVES | |||||
Called up share capital | 11 |
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Income Statement |
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SHAREHOLDERS' FUNDS | (6,189) | (3,786) | |||
Exo Projects Limited
Statement of Financial Position (continued)
As At
31 October 2023
On behalf of the board
Director
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The notes on pages 3 to 5 form part of these financial statements.
Exo Projects Limited
Notes to the Financial Statements
For The Year Ended 31 October 2023
Notes to the Financial Statements
1.
General Information
Exo Projects Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
11008758
. The registered office is Castle Hill House Castle Hill, Nether Stowey, Bridgwater, TA5 1NA.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4.
Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are software development costs and are not yet amortised.
2.5.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery |
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2.6.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
Exo Projects Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2023
4.
Intangible Assets
Other | |||
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£ | |||
Cost | |||
As at 1 November 2022 |
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Additions |
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As at 31 October 2023 |
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Net Book Value | |||
As at 31 October 2023 |
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As at 1 November 2022 |
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5.
Tangible Assets
Plant & Machinery | |
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£ | |
Cost | |
As at 1 November 2022 |
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Additions |
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As at 31 October 2023 |
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Depreciation | |
As at 1 November 2022 |
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Provided during the period |
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As at 31 October 2023 |
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Net Book Value | |
As at 31 October 2023 |
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As at 1 November 2022 |
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6.
Investments
Unlisted | |
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£ | |
Cost | |
As at 1 November 2022 |
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As at 31 October 2023 |
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Provision | |
As at 1 November 2022 |
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As at 31 October 2023 |
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Net Book Value | |
As at 31 October 2023 |
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As at 1 November 2022 |
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Exo Projects Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2023
7.
Stocks
2023 | 2022 | ||
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£ | £ | ||
Stock |
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8.
Debtors
2023 | 2022 | ||
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£ | £ | ||
Due within one year | |||
Other debtors | 9,233 | 1,407 | |
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9.
Creditors: Amounts Falling Due Within One Year
2023 | 2022 | ||
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£ | £ | ||
Trade creditors |
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Bank loans and overdrafts |
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Other creditors | 1,175 | 1,100 | |
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10.
Creditors: Amounts Falling Due After More Than One Year
2023 | 2022 | ||
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£ | £ | ||
Bank loans |
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