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REGISTERED NUMBER: 12161186 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Vac-Xtract Ltd

Vac-Xtract Ltd (Registered number: 12161186)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vac-Xtract Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: J Cooper
S Cooper





REGISTERED OFFICE: Unit 10 The Io Centre
Segensworth
Stephenson Road
Fareham
Hampshire
PO15 5RU





REGISTERED NUMBER: 12161186 (England and Wales)





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

Vac-Xtract Ltd (Registered number: 12161186)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 544,682 489,503

CURRENT ASSETS
Stocks 8,096 12,999
Debtors 5 476,327 361,869
Cash at bank 873,494 831,964
1,357,917 1,206,832
CREDITORS
Amounts falling due within one year 6 320,464 323,543
NET CURRENT ASSETS 1,037,453 883,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,582,135

1,372,792

PROVISIONS FOR LIABILITIES 99,998 89,170
NET ASSETS 1,482,137 1,283,622

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,482,037 1,283,522
SHAREHOLDERS' FUNDS 1,482,137 1,283,622

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Vac-Xtract Ltd (Registered number: 12161186)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by:




J Cooper - Director



S Cooper - Director


Vac-Xtract Ltd (Registered number: 12161186)

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

1. STATUTORY INFORMATION

Vac-Xtract 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 - 15% on reducing balance
Motor vehicles - 15% 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.

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 30 (2022 - 26 ) .

Vac-Xtract Ltd (Registered number: 12161186)

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

4. TANGIBLE FIXED ASSETS
Short Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 September 2022 15,729 177,058 368,262 561,049
Additions 2,647 59,261 76,656 138,564
Disposals - (448 ) - (448 )
At 31 August 2023 18,376 235,871 444,918 699,165
DEPRECIATION
At 1 September 2022 - 24,079 47,467 71,546
Charge for year - 28,903 54,170 83,073
Eliminated on disposal - (136 ) - (136 )
At 31 August 2023 - 52,846 101,637 154,483
NET BOOK VALUE
At 31 August 2023 18,376 183,025 343,281 544,682
At 31 August 2022 15,729 152,979 320,795 489,503

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 265,630 202,907
Other debtors 147,851 138,121
VAT 50,985 13,993
Prepayments 11,861 6,848
476,327 361,869

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 20,176 37,686
Tax 54,835 73,514
Social security and other taxes 934 2,291
Other creditors 9,695 2,798
Directors' current accounts 223,487 198,987
Accrued expenses 11,337 8,267
320,464 323,543

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £75,400 (2022 - £75,400) were paid to the directors .

8. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors by virtue of the 50% holding each in the issued share capital of the company.