Registered number
07163500
Exterius Facilities Management Ltd
Filleted Accounts
31 July 2023
Exterius Facilities Management Ltd
Registered number: 07163500
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 97,413 86,541
Current assets
Debtors 4 230,007 220,825
Cash at bank and in hand 11,890 18,688
241,897 239,513
Creditors: amounts falling due within one year 5 (455,797) (382,836)
Net current liabilities (213,900) (143,323)
Total assets less current liabilities (116,487) (56,782)
Creditors: amounts falling due after more than one year 6 (167,773) (211,814)
Net liabilities (284,260) (268,596)
Capital and reserves
Called up share capital 11 11
Profit and loss account (284,271) (268,607)
Shareholders' funds (284,260) (268,596)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Gary Traynor
Director
Approved by the board on 24 August 2023
Exterius Facilities Management Ltd
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 27 26
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2022 78,190 165,538 243,728
Additions 6,349 48,290 54,639
Disposals - (16,667) (16,667)
At 31 July 2023 84,539 197,161 281,700
Depreciation
At 1 August 2022 57,289 99,898 157,187
Charge for the year 8,253 26,139 34,392
On disposals - (7,292) (7,292)
At 31 July 2023 65,542 118,745 184,287
Net book value
At 31 July 2023 18,997 78,416 97,413
At 31 July 2022 20,901 65,640 86,541
4 Debtors 2023 2022
£ £
Trade debtors 105,966 108,685
Amounts owed by group undertakings and undertakings in which the company has a participating interest - -
Other debtors 124,041 112,140
230,007 220,825
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 50,487 50,487
Obligations under finance lease and hire purchase contracts 25,084 22,389
Trade creditors 35,418 22,478
Taxation and social security costs 222,900 163,800
Other creditors 121,908 123,682
455,797 382,836
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 122,198 172,684
Obligations under finance lease and hire purchase contracts 45,575 39,130
167,773 211,814
7 Controlling party
The company is controlled by the company directors, by virtue of their shareholding.
8 Other information
Exterius Facilities Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Manor House
Manor Road
Mancetter
Atherstone
CV9 1 TE
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