REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 July 2021 to 29 September 2022 |
for |
Exmed Worldwide Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 July 2021 to 29 September 2022 |
for |
Exmed Worldwide Limited |
Exmed Worldwide Limited (Registered number: 10833667) |
Contents of the Financial Statements |
for the Period 1 July 2021 to 29 September 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Exmed Worldwide Limited |
Company Information |
for the Period 1 July 2021 to 29 September 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
316 Blackpool Road |
Fulwood |
Preston |
Lancashire |
PR2 3AE |
Exmed Worldwide Limited (Registered number: 10833667) |
Balance Sheet |
29 September 2022 |
29.9.22 | 30.6.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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) |
Balance Sheet - continued |
29 September 2022 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Exmed Worldwide Limited (Registered number: 10833667) |
Notes to the Financial Statements |
for the Period 1 July 2021 to 29 September 2022 |
1. | STATUTORY INFORMATION |
Exmed Worldwide Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,rebates, value added tax and other sales taxes. |
Revenue from sale of goods and provision of service is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of good) and the services has been delivered to the buyer; 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. |
Government grants |
Government grants are recognised as other income once there is reasonable assurance that all conditions relating to the grant have been attained and that the grant will be received. |
During the year the company was in receipt of relief in respect of the Coronavirus Statutory Sick Pay claims. The income is recorded based on the claim periods made relating the financial year. |
Tangible fixed assets |
Freehold property | - |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Tangible fixed assets are initially recognised at cost. After initial recognition, tangible assets are |
included at cost less any accumulated depreciation. The depreciation rates above are after considering the residual value of the assets. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
Exmed Worldwide Limited (Registered number: 10833667) |
Notes to the Financial Statements - continued |
for the Period 1 July 2021 to 29 September 2022 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period 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. |
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. |
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. |
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. |
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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
Exmed Worldwide Limited (Registered number: 10833667) |
Notes to the Financial Statements - continued |
for the Period 1 July 2021 to 29 September 2022 |
4. | TANGIBLE FIXED ASSETS |
Improvements |
Freehold | to | Plant and |
property | property | machinery |
£ | £ | £ |
COST |
At 1 July 2021 |
Additions |
Disposals | ( |
) | ( |
) |
At 29 September 2022 |
DEPRECIATION |
At 1 July 2021 |
Charge for period |
Eliminated on disposal | ( |
) | ( |
) |
At 29 September 2022 |
NET BOOK VALUE |
At 29 September 2022 |
At 30 June 2021 |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 July 2021 |
Additions |
Disposals | ( |
) |
At 29 September 2022 |
DEPRECIATION |
At 1 July 2021 |
Charge for period |
Eliminated on disposal | ( |
) |
At 29 September 2022 |
NET BOOK VALUE |
At 29 September 2022 |
At 30 June 2021 |
Exmed Worldwide Limited (Registered number: 10833667) |
Notes to the Financial Statements - continued |
for the Period 1 July 2021 to 29 September 2022 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 July 2021 |
and 29 September 2022 |
NET BOOK VALUE |
At 29 September 2022 |
At 30 June 2021 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.9.22 | 30.6.21 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.9.22 | 30.6.21 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
29.9.22 | 30.6.21 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 82,686 | 92,643 |
Exmed Worldwide Limited (Registered number: 10833667) |
Notes to the Financial Statements - continued |
for the Period 1 July 2021 to 29 September 2022 |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
29.9.22 | 30.6.21 |
£ | £ |
Bank loans |
A 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. |
Further borrowings with HSBC UK Bank Ltd are secured by way of a legal mortgage dated 25 June 2020 which is secured on Freehold Property at 11 and 11a Market Square, Lytham St Annes. |
10. | ULTIMATE CONTROLLING PARTY |
The controlling party is ASP Holdings Ltd. |
This is by virtue of its majority shareholding in the company. |