EXTAC Limited - Accounts to registrar (filleted) - small 18.2

EXTAC Limited - Accounts to registrar (filleted) - small 18.2

EXTAC LIMITED - Company Information

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REGISTERED NUMBER: 07829295 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2019

for

EXTAC Limited

EXTAC Limited (Registered number: 07829295)






Contents of the Financial Statements
for the Year Ended 31st December 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

EXTAC Limited

Company Information
for the Year Ended 31st December 2019







DIRECTORS: M W Jarvis
Mrs S C A Jarvis





REGISTERED OFFICE: 29a Crown Street
Brentwood
Essex
CM14 4BA





REGISTERED NUMBER: 07829295 (England and Wales)





ACCOUNTANTS: Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA
Page 1
EXTAC Limited (Registered number: 07829295)

Balance Sheet
31st December 2019

31.12.19 31.12.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,712 1,525

CURRENT ASSETS
Debtors 5 10,425 1,721
Cash at bank 59,267 53,546
69,692 55,267
CREDITORS
Amounts falling due within one year 6 20,790 17,156
NET CURRENT ASSETS 48,902 38,111
TOTAL ASSETS LESS CURRENT
LIABILITIES
50,614
39,636

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 50,514 39,536
SHAREHOLDERS' FUNDS 50,614 39,636

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2019 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 applicable to companies subject to the small companies regime.

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 23rd January 2020 and were signed on its behalf
by:





M W Jarvis - Director


The notes form part of these financial statements

Page 2
EXTAC Limited (Registered number: 07829295)

Notes to the Financial Statements
for the Year Ended 31st December 2019

1. STATUTORY INFORMATION

EXTAC 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue recognition
Turnover represents the gross invoiced value of fees for services rendered less VAT which is operated under the
flat-rate scheme.

The services that had been performed which were not invoiced at the year-end and where fees were receivable
are classified as 'amounts recoverable on contracts' and separately disclosed within debtors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

Page 3 continued...
EXTAC Limited (Registered number: 07829295)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2019

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2019 5,728
Additions 1,197
At 31st December 2019 6,925
DEPRECIATION
At 1st January 2019 4,203
Charge for year 1,010
At 31st December 2019 5,213
NET BOOK VALUE
At 31st December 2019 1,712
At 31st December 2018 1,525

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.19 31.12.18
£    £   
Trade debtors 10,290 1,600
Prepayments 135 121
10,425 1,721

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.19 31.12.18
£    £   
Tax 14,320 11,637
Social security and other taxes 2,351 3,331
Directors' loan accounts 2,597 666
Accruals and deferred income 1,522 1,522
20,790 17,156

Page 4
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
EXTAC Limited

The following reproduces the text of the report prepared for the directors 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of EXTAC Limited for the year ended 31st December 2019 which comprise the Income Statement,
Balance Sheet and the related notes from the company's accounting records and from information and explanations you
have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of EXTAC Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of EXTAC Limited and state those matters that we have agreed to state to the Board of Directors of EXTAC Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than EXTAC Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that EXTAC Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of EXTAC Limited. You consider that EXTAC Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of EXTAC Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA


23rd January 2020

This page does not form part of the statutory financial statements

Page 5