Company registration number 08447129 (England and Wales)
EXACT SURVEYORS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
EXACT SURVEYORS LIMITED
CONTENTS
Page
Balance sheet
2
Notes to the financial statements
3 - 4
EXACT SURVEYORS LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF EXACT SURVEYORS LIMITED FOR THE YEAR ENDED 31 MARCH 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Exact Surveyors Limited for the year ended 31 March 2023 which comprise, the 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 at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Exact Surveyors Limited, as a body, in accordance with the terms of our engagement letter dated 18 March 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Exact Surveyors Limited and state those matters that we have agreed to state to the board of directors of Exact Surveyors Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Exact Surveyors Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Exact Surveyors 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 Exact Surveyors Limited. You consider that Exact Surveyors 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 Exact Surveyors 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.

Haslehursts Limited
14 November 2023
Chartered Accountants
88 Hill Village Road
Four Oaks
Sutton Coldfield
West Midlands
B75 5BE
EXACT SURVEYORS LIMITED
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
151
178
Current assets
Debtors
4
10,690
10,630
Cash at bank and in hand
10,055
13,511
20,745
24,141
Creditors: amounts falling due within one year
5
(7,901)
(7,520)
Net current assets
12,844
16,621
Net assets
12,995
16,799
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
12,895
16,699
Total equity
12,995
16,799

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 14 November 2023
Mr P K Clements
Director
Company registration number 08447129 (England and Wales)
EXACT SURVEYORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information

Exact Surveyors Limited is a private company limited by shares incorporated in England and Wales. The registered office is 88 Hill Village Road, Sutton Coldfield, West Midlands, United Kingdom, B75 5BE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over it's estimated useful life.

Plant and equipment
15% reducing balance
Computers
33% straight line
1.4
Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement except to the extent that is relates to items recognised in other comprehensive income or directly equity.

Current tax

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 data.

Deferred tax

Deferred tax is recognised in respect of all timing differences and have originated but not reversed the balance sheet date.

 

Timing differences arise from 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 reversal of the timing difference

 

Unrelieved tax losses and other deferred tax 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.

EXACT SURVEYORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 and 31 March 2023
1,144
Depreciation and impairment
At 1 April 2022
966
Depreciation charged in the year
27
At 31 March 2023
993
Carrying amount
At 31 March 2023
151
At 31 March 2022
178
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
10,690
10,630
5
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
6,730
6,927
Other creditors
1,171
593
7,901
7,520
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