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REGISTERED NUMBER: 04299169 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Extera Limited

Extera Limited (Registered number: 04299169)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Extera Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: R A Bennett
S J Thomson





REGISTERED OFFICE: Unit 10
Manor Park
Banbury
Oxfordshire
OX16 3TB





REGISTERED NUMBER: 04299169 (England and Wales)





ACCOUNTANTS: Handleys Chartered Accountants
10 Manor Park
Banbury
Oxfordshire
OX16 3TB

Extera Limited (Registered number: 04299169)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 146,701 53,694

CURRENT ASSETS
Stocks 31,415 42,806
Debtors 5 872,811 1,125,378
Cash at bank 643,978 665,544
1,548,204 1,833,728
CREDITORS
Amounts falling due within one year 6 633,381 377,539
NET CURRENT ASSETS 914,823 1,456,189
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,061,524

1,509,883

PROVISIONS FOR LIABILITIES 33,756 10,202
NET ASSETS 1,027,768 1,499,681

CAPITAL AND RESERVES
Called up share capital 5,500 10,000
Retained earnings 1,022,268 1,489,681
SHAREHOLDERS' FUNDS 1,027,768 1,499,681

Extera Limited (Registered number: 04299169)

Balance Sheet - continued
30 November 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2024 and were signed on its behalf by:





R A Bennett - Director


Extera Limited (Registered number: 04299169)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

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

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Extera Limited (Registered number: 04299169)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
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.

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 16 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 30,932 116,880 120,392 268,204
Additions - 115,911 11,487 127,398
Disposals - (38,970 ) - (38,970 )
At 30 November 2023 30,932 193,821 131,879 356,632
DEPRECIATION
At 1 December 2022 28,415 74,038 112,057 214,510
Charge for year 689 13,629 4,928 19,246
Eliminated on disposal - (23,825 ) - (23,825 )
At 30 November 2023 29,104 63,842 116,985 209,931
NET BOOK VALUE
At 30 November 2023 1,828 129,979 14,894 146,701
At 30 November 2022 2,517 42,842 8,335 53,694

Extera Limited (Registered number: 04299169)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 710,567 451,164
Other debtors 162,244 674,214
872,811 1,125,378

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 331,866 223,371
Taxation and social security 245,770 111,942
Other creditors 55,745 42,226
633,381 377,539

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
M J Brant
Balance outstanding at start of year 497,111 502,812
Amounts advanced - 38,571
Amounts repaid (497,111 ) (44,272 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 497,111