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REGISTERED NUMBER: 04312948 (England and Wales)















EXTRACTION SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023






EXTRACTION SOLUTIONS LIMITED (REGISTERED NUMBER: 04312948)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EXTRACTION SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr N J Wright
Mr N C Parkes





REGISTERED OFFICE: New Connexion House
2 Marsh Lane
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8AE





REGISTERED NUMBER: 04312948 (England and Wales)





ACCOUNTANTS: HAIGH HUDSON
Chartered Certified Accountants
New Connexion House
2 Marsh Lane
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8AE

EXTRACTION SOLUTIONS LIMITED (REGISTERED NUMBER: 04312948)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,000 15,000
Tangible assets 5 248,383 142,995
263,383 157,995

CURRENT ASSETS
Debtors 6 528,241 993,721
Cash at bank 852,902 1,107,694
1,381,143 2,101,415
CREDITORS
Amounts falling due within one year 7 419,496 869,774
NET CURRENT ASSETS 961,647 1,231,641
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,225,030

1,389,636

CREDITORS
Amounts falling due after more than one
year

8

(10,729

)

(13,271

)

PROVISIONS FOR LIABILITIES (46,109 ) (27,169 )
NET ASSETS 1,168,192 1,349,196

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,167,992 1,348,996
SHAREHOLDERS' FUNDS 1,168,192 1,349,196

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

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

EXTRACTION SOLUTIONS LIMITED (REGISTERED NUMBER: 04312948)

BALANCE SHEET - continued
31 OCTOBER 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 26 June 2024 and were signed on its behalf by:





Mr N J Wright - Director


EXTRACTION SOLUTIONS LIMITED (REGISTERED NUMBER: 04312948)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Extraction Solutions 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.

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.

Goodwill
No amortisation of goodwill has been provided as in the directors opinion the market value is in excess of the book valuation.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Tools and Equipment - 10% on cost
Office Equipment - 20% on cost and 10% on cost
Motor Vehicles - 25% on reducing balance

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.

EXTRACTION SOLUTIONS LIMITED (REGISTERED NUMBER: 04312948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 12 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 15,000
NET BOOK VALUE
At 31 October 2023 15,000
At 31 October 2022 15,000

5. TANGIBLE FIXED ASSETS
Tools and Office Motor
Equipment Equipment Vehicles Totals
£    £    £    £   
COST
At 1 November 2022 107,650 14,163 107,458 229,271
Additions 57,732 1,135 83,991 142,858
Disposals (4,417 ) (2,660 ) - (7,077 )
At 31 October 2023 160,965 12,638 191,449 365,052
DEPRECIATION
At 1 November 2022 42,731 8,682 34,863 86,276
Charge for year 14,613 1,727 21,130 37,470
Eliminated on disposal (4,417 ) (2,660 ) - (7,077 )
At 31 October 2023 52,927 7,749 55,993 116,669
NET BOOK VALUE
At 31 October 2023 108,038 4,889 135,456 248,383
At 31 October 2022 64,919 5,481 72,595 142,995

EXTRACTION SOLUTIONS LIMITED (REGISTERED NUMBER: 04312948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
Vehicles
£   
COST
At 1 November 2022 54,001
Transfer to ownership (29,894 )
At 31 October 2023 24,107
DEPRECIATION
At 1 November 2022 24,866
Charge for year 1,135
Transfer to ownership (18,984 )
At 31 October 2023 7,017
NET BOOK VALUE
At 31 October 2023 17,090
At 31 October 2022 29,135

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade Debtors 298,885 990,097
Other Debtors 3,624 3,624
Directors' Current Accounts 225,732 -
528,241 993,721

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 2,542 18,697
Trade Creditors 122,063 487,859
Corporation Tax 85,864 279,883
Social Security and Other Taxes 42,894 23,309
VAT 107,387 51,979
Other Creditors 5,754 8,012
Directors' Current Accounts - 35
Accrued Expenses 52,992 -
419,496 869,774

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 10,729 13,271

EXTRACTION SOLUTIONS LIMITED (REGISTERED NUMBER: 04312948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

9. TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Mr N J Wright
Balance outstanding at start of year (18 ) (30 )
Amounts advanced 372,384 93,112
Amounts repaid (259,500 ) (93,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 112,866 (18 )

Mr N C Parkes
Balance outstanding at start of year (18 ) (30 )
Amounts advanced 372,384 93,112
Amounts repaid (259,500 ) (93,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 112,866 (18 )