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REGISTERED NUMBER: 13416848 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Extract Vac Ltd

Extract Vac Ltd (Registered number: 13416848)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Extract Vac Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: S Ormston





REGISTERED OFFICE: Unit 9 CLarance Wharf
Mumby Road
Gosport
Hampshire
PO12 1AJ





REGISTERED NUMBER: 13416848 (England and Wales)





ACCOUNTANTS: PD Accountancy Services Ltd
1 Post Office House
184 Bridge Road
Sarisbury Green
Southampton
Hampshire
SO31 7ED

Extract Vac Ltd (Registered number: 13416848)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,598 5,847

CURRENT ASSETS
Stocks 15,000 26,000
Debtors 5 23,852 17,671
Cash at bank 42,914 68,950
81,766 112,621
CREDITORS
Amounts falling due within one year 6 1,565 30,453
NET CURRENT ASSETS 80,201 82,168
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,799

88,015

PROVISIONS FOR LIABILITIES 3,342 1,111
NET ASSETS 101,457 86,904

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 101,456 86,903
SHAREHOLDERS' FUNDS 101,457 86,904

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Extract Vac Ltd (Registered number: 13416848)

Balance Sheet - continued
31 May 2023


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 director and authorised for issue on 13 February 2024 and were signed by:





S Ormston - Director


Extract Vac Ltd (Registered number: 13416848)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Extract Vac Ltd 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.

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.

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

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 - 25% on reducing balance
Computer equipment - 25% 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Extract Vac Ltd (Registered number: 13416848)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 June 2022 4,037 2,699 6,736
Additions 20,872 1,914 22,786
Disposals (1,141 ) - (1,141 )
At 31 May 2023 23,768 4,613 28,381
DEPRECIATION
At 1 June 2022 498 391 889
Charge for year 2,426 908 3,334
Eliminated on disposal (440 ) - (440 )
At 31 May 2023 2,484 1,299 3,783
NET BOOK VALUE
At 31 May 2023 21,284 3,314 24,598
At 31 May 2022 3,539 2,308 5,847

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 20,503 750
Amounts owed by associates 3,100 16,900
VAT 46 -
Prepayments 203 21
23,852 17,671

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Tax - 21,321
VAT - 7,957
Directors' current accounts 765 375
Accrued expenses 800 800
1,565 30,453

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 (2022 - £9,000) were paid to the director .

8. ULTIMATE CONTROLLING PARTY

The controlling party is S Ormston.