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Company Registration No. 13549139 (England and Wales)
Exactitude Ltd Unaudited accounts for the period from 5 August 2021 to 31 August 2022
Exactitude Ltd Unaudited accounts Contents
Page
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Exactitude Ltd Company Information for the period from 5 August 2021 to 31 August 2022
Directors
Mark Hung Megan Hung
Company Number
13549139 (England and Wales)
Registered Office
36 ARMISTICE AVENUE SPRINGFIELD CHELMSFORD Essex CM1 6AR ENGLAND
Accountants
SilverstoneBKS Limited 127 Raphael Drive Shoeburyness Southend on Sea Essex SS3 9UR
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Exactitude Ltd Statement of financial position as at 31 August 2022
2022 
Notes
£ 
Fixed assets
Tangible assets
3,330 
Current assets
Debtors
24,524 
Cash at bank and in hand
22,956 
47,480 
Creditors: amounts falling due within one year
(42,035)
Net current assets
5,445 
Net assets
8,775 
Capital and reserves
Called up share capital
20 
Profit and loss account
8,755 
Shareholders' funds
8,775 
For the period ending 31 August 2022 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2022 and were signed on its behalf by
Mark Hung Director Company Registration No. 13549139
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Exactitude Ltd Notes to the Accounts for the period from 5 August 2021 to 31 August 2022
1
Statutory information
Exactitude Ltd is a private company, limited by shares, registered in England and Wales, registration number 13549139. The registered office is 36 ARMISTICE AVENUE, SPRINGFIELD, CHELMSFORD, Essex, CM1 6AR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Computer equipment
25% Straight line
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 5 August 2021
- 
- 
- 
Additions
2,895 
1,200 
4,095 
At 31 August 2022
2,895 
1,200 
4,095 
Depreciation
Charge for the period
301 
464 
765 
At 31 August 2022
301 
464 
765 
Net book value
At 31 August 2022
2,594 
736 
3,330 
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Exactitude Ltd Notes to the Accounts for the period from 5 August 2021 to 31 August 2022
5
Debtors: amounts falling due within one year
2022 
£ 
Trade debtors
24,524 
6
Creditors: amounts falling due within one year
2022 
£ 
VAT
13,980 
Taxes and social security
28,054 
Loans from directors
1 
42,035 
7
Average number of employees
During the period the average number of employees was 1.
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