Exalter It Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09469093 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2017

for

Exalter It Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S N H Moosavi

REGISTERED OFFICE:

12-14A Bath Street

Hale

Cheshire

WA14 2EJ

REGISTERED NUMBER:

09469093 (England and Wales)

ACCOUNTANTS:

Complete Accounting Results Ltd

12-14A Bath Street

Hale

Cheshire

WA14 2EJ

FIXED ASSETS

Tangible assets

4

325

639

CURRENT ASSETS

Debtors

5

12,888

18,591

Cash at bank

354

7,252

13,242

25,843

CREDITORS

Amounts falling due within one year

6

(14,721

)

(25,863

)

NET CURRENT LIABILITIES

(1,479

)

(20

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,154

)

619

PROVISIONS FOR LIABILITIES

(65

)

(128

)

NET (LIABILITIES)/ASSETS

(1,219

)

491

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(1,220

)

490

(1,219

)

491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 16 May 2018 and were signed by:

S N H Moosavi - Director

1.	STATUTORY INFORMATION

Exalter It 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

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 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2016

and 31 August 2017

954

DEPRECIATION

At 1 September 2016

315

Charge for year

314

At 31 August 2017

629

NET BOOK VALUE

At 31 August 2017

325

At 31 August 2016

639

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

11,060

Other debtors

12,888

7,531

12,888

18,591

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

9,885

Taxation and social security

7,506

15,978

Other creditors

7,215

-

14,721

25,863