Registered Number
:
11812156
|
For the year ended 31 March 2021
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2021
Exit Here Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Exit Here Ltd
Statement of Financial Position
2020
2021
9,511
10,300
2
Property
,
plant and equipment
|
197,962
210,445
3
207,473
220,745
4,435
10,678
4
Trade and other receivables
|
73,779
55,438
5
4,683
Cash and cash equivalents
|
16,793
82,909
82,897
Trade and other payables
:
amounts falling due within one
|
year
|
(137,698)
(163,766)
6
(54,801)
(80,857)
Net current liabilities
Total assets less current liabilities
|
126,616
165,944
Trade and other payables
:
amounts falling due after more
|
than one year
|
(13,121)
(56,626)
7
69,990
Net assets
152,823
1,600
1,600
299,400
299,400
(231,010)
(148,177)
69,990
152,823
Shareholders' funds
For the year ended 31 March 2021 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 of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
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For the year ended 31 March 2021
Exit Here Ltd
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 01 December 2021 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2021
Exit Here Ltd
Notes to the Financial Statements
Statutory Information
Exit Here Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration number
|
11812156
.
|
Principal place of business
:
|
277-279 Chiswick High Road
London
W4 4PU
8 Peterborough Road
Harrow
Middlesex
HA1 2BQ
The presentation currency is £ sterling
.
|
Turnover is measured at the fair value of the consideration received or receivable net of VAT
,
where applicable and
|
discounts
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
|
Intangible assets
The company considers its branding and trademarks to have indefinite econoimc lifespans and the director reviews the ongoing economic value of both on an annual basis.
|
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Land and Buildings
Plant and Machinery
Computer Equipment
Motor Vehicles
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
|
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
|
3 of 5
For the year ended 31 March 2021
Exit Here Ltd
Notes to the Financial Statements Continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. Unrelived 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 tax liaibilities or other future taxable profits.
|
2
.
Intangible fixed assets
|
10,300
2,850
13,150
3,639
Charge for year
3,639
9,511
10,300
3
.
Property
,
plant and equipment
|
226,769
16,180
28,294
22,088
10,746
149,461
14,805
-
1,129
6,390
1,128
6,158
155,619
28,478
29,423
16,180
241,574
11,874
Provision for depreciation and impairment
|
16,324
4,138
3,277
3,221
277
5,411
Charge for year
27,288
3,913
5,847
6,720
557
10,251
43,612
8,051
9,124
9,941
834
15,662
139,957
11,040
18,537
20,299
8,129
197,962
144,050
10,469
18,867
25,017
12,042
210,445
2020
2021
10,678
4,435
4 of 5
For the year ended 31 March 2021
Exit Here Ltd
Notes to the Financial Statements Continued
5
.
Trade and other receivables
|
2020
2021
15,355
43,236
40,083
30,543
73,779
55,438
6
.
Trade and other payables
:
amounts falling due within one year
|
2020
2021
Bank loans and overdraft
(
secured
)
|
3,982
-
54,879
47,907
Taxation and social security
|
1,822
2,953
103,083
86,838
163,766
137,698
7
.
Trade and other payables
:
amounts falling due after more than one year
|
2020
2021
Bank loans and overdraft
(
secured
)
|
46,667
-
9,959
13,121
56,626
13,121
8
.
Average number of persons employed
|
During the year the average number of employees was 2 (2020 : 2)
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