Exponential Solutions Limited - Accounts to registrar - small 17.2

Exponential Solutions Limited - Accounts to registrar - small 17.2

EXPONENTIAL SOLUTIONS LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v17.2.1.52 08380351 Board of Directors 1.2.16 31.1.17 31.1.17 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure083803512016-01-31083803512017-01-31083803512016-02-012017-01-31083803512015-01-31083803512015-02-012016-01-31083803512016-01-3108380351ns15:EnglandWales2016-02-012017-01-3108380351ns14:PoundSterling2016-02-012017-01-3108380351ns10:Director12016-02-012017-01-3108380351ns10:PrivateLimitedCompanyLtd2016-02-012017-01-3108380351ns10:SmallEntities2016-02-012017-01-3108380351ns10:AuditExemptWithAccountantsReport2016-02-012017-01-3108380351ns10:SmallCompaniesRegimeForDirectorsReport2016-02-012017-01-3108380351ns10:SmallCompaniesRegimeForAccounts2016-02-012017-01-3108380351ns10:FullAccounts2016-02-012017-01-3108380351ns10:Director22016-02-012017-01-3108380351ns10:CompanySecretary12016-02-012017-01-3108380351ns10:RegisteredOffice2016-02-012017-01-3108380351ns5:CurrentFinancialInstruments2017-01-3108380351ns5:CurrentFinancialInstruments2016-01-3108380351ns5:ShareCapital2017-01-3108380351ns5:ShareCapital2016-01-3108380351ns5:RetainedEarningsAccumulatedLosses2017-01-3108380351ns5:RetainedEarningsAccumulatedLosses2016-01-3108380351ns5:PlantMachinery2016-01-3108380351ns5:PlantMachinery2016-02-012017-01-3108380351ns5:PlantMachinery2017-01-3108380351ns5:PlantMachinery2016-01-3108380351ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-01-3108380351ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-01-31


REGISTERED NUMBER: 08380351 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2017

FOR

EXPONENTIAL SOLUTIONS LIMITED

EXPONENTIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 08380351)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

EXPONENTIAL SOLUTIONS LIMITED

COMPANY INFORMATION
for the year ended 31 January 2017







DIRECTORS: D L Harris
Ms C Gadsdon





SECRETARY:





REGISTERED OFFICE: 2a Zodiac House
Calleva Park
Aldermaston
Berkshire
RG7 8HN





REGISTERED NUMBER: 08380351 (England and Wales)





ACCOUNTANTS: Durrants - Calleva
Accountants and Tax Advisors
2a Zodiac House
Calleva Park
Aldermaston
Berkshire
RG7 8HN
Page 1
EXPONENTIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 08380351)

BALANCE SHEET
31 January 2017

31/1/17 31/1/16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,198 13,010

CURRENT ASSETS
Stocks 15,000 15,500
Debtors 5 9,098 -
Cash at bank and in hand 115 9,082
24,213 24,582
CREDITORS
Amounts falling due within one year 6 21,493 40,047
NET CURRENT ASSETS/(LIABILITIES) 2,720 (15,465 )
TOTAL ASSETS LESS CURRENT LIABILITIES 13,918 (2,455 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,818 (2,555 )
SHAREHOLDERS' FUNDS 13,918 (2,455 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 29 September 2017 and were signed on its
behalf by:




D L Harris - Director


The notes form part of these financial statements

Page 2
EXPONENTIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 08380351)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2017

1. STATUTORY INFORMATION

Exponential Solutions Limited 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.

Plant & Machinery etc. - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

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.

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.

Page 3 continued...
EXPONENTIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 08380351)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2017

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2016 21,973
Additions 988
At 31 January 2017 22,961
DEPRECIATION
At 1 February 2016 8,963
Charge for year 2,800
At 31 January 2017 11,763
NET BOOK VALUE
At 31 January 2017 11,198
At 31 January 2016 13,010

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/17 31/1/16
£    £   
Trade debtors 9,098 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/17 31/1/16
£    £   
Bank loans and overdrafts 3,317 -
Trade creditors 4,661 14,112
Taxation and social security 13,015 25,435
Other creditors 500 500
21,493 40,047

Page 4
EXPONENTIAL SOLUTIONS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
EXPONENTIAL SOLUTIONS LIMITED

The following reproduces the text of the report prepared for the directors and members in respect of the
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only
required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary
statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2017 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Durrants - Calleva
Accountants and Tax Advisors
2a Zodiac House
Calleva Park
Aldermaston
Berkshire
RG7 8HN


Date: .............................................

This page does not form part of the statutory financial statements

Page 5