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Unaudited Financial Statements |
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for the Year Ended 30 June 2019 |
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for |
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Exmed Worldwide Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 June 2019 |
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for |
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Exmed Worldwide Limited |
Exmed Worldwide Limited (Registered number: 10833667) |
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Contents of the Financial Statements |
for the Year Ended 30 June 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Exmed Worldwide Limited |
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Company Information |
for the Year Ended 30 June 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
316 Blackpool Road |
Fulwood |
Preston |
Lancashire |
PR2 3AE |
Exmed Worldwide Limited (Registered number: 10833667) |
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Balance Sheet |
30 June 2019 |
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30.6.19 | 30.6.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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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. |
Exmed Worldwide Limited (Registered number: 10833667) |
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Balance Sheet - continued |
30 June 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
and were signed on its behalf by: |
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Exmed Worldwide Limited (Registered number: 10833667) |
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Notes to the Financial Statements |
for the Year Ended 30 June 2019 |
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1. | STATUTORY INFORMATION |
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Exmed Worldwide Limited is a
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The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts,rebates, value added tax and other sales taxes. |
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Revenue from sale of goods is recognised when the significant risks and rewards of ownership have |
transferred to the buyer (usually on despatch of good); the amount of revenue can be measured |
reliably; it is probable that the associated economic benefits will flow to the entity; and the costs |
incurred or to be incurred in respect of the transactions can be measured reliably. |
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Tangible fixed assets |
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Improvements to property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Tangible fixed assets are initially recognised at cost. After initial recognition, tangible assets are |
included at cost less any accumulated depreciation |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Each year the directors review the value of investments in subsidiaries for impairment. Where |
appropriate impairment adjustments are recognised as expenditure in the year that they arise. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
period of the lease. |
Exmed Worldwide Limited (Registered number: 10833667) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2019 |
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2. | ACCOUNTING POLICIES - continued |
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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. |
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Basic financial instruments |
Financial assets and liabilities and equity instruments are classified according to the substance of the |
contractual arrangements entered into. An equity instrument is any contract that evidences a residual |
interest in the assets of the entity after deducting all of its financial liabilities. |
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Short term trade creditors are measured at the transaction price. Other financial liabilities, including |
bank loans, are measured initially at fair value net of transaction costs, and are measured |
subsequently reference to the repayment terms. |
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Short term debtors are measured at transaction price, less any impairment. Loans receivable are |
measured initially at fair value, net of transaction costs, and are measured subsequently at amortised |
cost using effective interest method, less any impairment. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Improvements |
Freehold | to | Plant and |
property | property | machinery |
£ | £ | £ |
COST |
At 1 July 2018 |
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Additions |
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At 30 June 2019 |
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DEPRECIATION |
At 1 July 2018 |
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Charge for year |
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At 30 June 2019 |
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NET BOOK VALUE |
At 30 June 2019 |
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At 30 June 2018 |
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Exmed Worldwide Limited (Registered number: 10833667) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2019 |
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4. | TANGIBLE FIXED ASSETS - continued |
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Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 July 2018 |
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Additions |
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At 30 June 2019 |
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DEPRECIATION |
At 1 July 2018 |
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Charge for year |
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At 30 June 2019 |
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NET BOOK VALUE |
At 30 June 2019 |
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At 30 June 2018 |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
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Disposals | ( |
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At 30 June 2019 |
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NET BOOK VALUE |
At 30 June 2019 |
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During the year the company purchased 100% share capital of Tomlinsons of Lytham Limited a |
company registered in England and Wales. The aggregate share capital and reserve of the company |
as at 30 June 2019 was £452,628 and the profit of the company for the period was£31,121. The |
company subscribed to the shares of another company Hungry Beanz Limited, during the year which |
has been disposed off subsequently. |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.19 | 30.6.18 |
£ | £ |
Trade debtors |
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Amounts owed by associates |
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Other debtors |
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Exmed Worldwide Limited (Registered number: 10833667) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2019 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.19 | 30.6.18 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30.6.19 | 30.6.18 |
£ | £ |
Bank loans |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 444,484 | - |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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30.6.19 | 30.6.18 |
£ | £ |
Bank loans |
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The bank loan is secured by fixed and floating charges on the assets and undertaking of the compnay, |
registered to HSBC UK Bank PLC, dated 28 March 2019. |
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10. | RELATED PARTY DISCLOSURES |
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During the year, the company entered into transactions with the companies under common control. |
The total sale with such related parties during the year was £1,501,106 (2018-£413,724) and the |
amount outstanding from these related parties at the year end was £588,740 (2018-£120,469). |
Amounts owed to companies under common control at the year end is £42,314.. |