EXTAC Limited - Accounts to registrar (filleted) - small 22.3

EXTAC Limited - Accounts to registrar (filleted) - small 22.3

EXTAC LIMITED - Company Information

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REGISTERED NUMBER: 07829295 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2022

for

EXTAC Limited

EXTAC Limited (Registered number: 07829295)






Contents of the Financial Statements
for the Year Ended 31st December 2022




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 2022







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 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,200 991

CURRENT ASSETS
Debtors 5 12,368 120
Cash at bank 37,850 30,276
50,218 30,396
CREDITORS
Amounts falling due within one year 6 11,932 4,005
NET CURRENT ASSETS 38,286 26,391
TOTAL ASSETS LESS CURRENT
LIABILITIES
40,486
27,382

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 40,386 27,282
SHAREHOLDERS' FUNDS 40,486 27,382

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2022 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 and authorised for issue on 2nd February 2023 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 2022

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

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

Notes to the Financial Statements - continued
for the Year Ended 31st December 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2022 7,890
Additions 2,335
At 31st December 2022 10,225
DEPRECIATION
At 1st January 2022 6,899
Charge for year 1,126
At 31st December 2022 8,025
NET BOOK VALUE
At 31st December 2022 2,200
At 31st December 2021 991

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 12,122 -
Prepayments 246 120
12,368 120

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Tax 9,717 1,713
Directors' loan accounts 1,243 732
Accruals and deferred income 972 1,560
11,932 4,005

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 2022 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


6th February 2023

This page does not form part of the statutory financial statements

Page 5