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REGISTERED NUMBER: 04556716 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

CULTRIX LIMITED

CULTRIX LIMITED (REGISTERED NUMBER: 04556716)






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


CULTRIX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: S Wilders
D Wilders





REGISTERED OFFICE: Unit 26
Kendray Business Centre
Thornton Road, Kendray
Barnsley
South Yorkshire
S70 3NA





REGISTERED NUMBER: 04556716 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

CULTRIX LIMITED (REGISTERED NUMBER: 04556716)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,271 6,499
Investments 5 12,251 12,251
19,522 18,750

CURRENT ASSETS
Stocks 6 - 715
Debtors 7 166,838 144,052
Cash at bank and in hand 4,032 3,752
170,870 148,519
CREDITORS
Amounts falling due within one year 8 152,484 124,556
NET CURRENT ASSETS 18,386 23,963
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,908

42,713

CREDITORS
Amounts falling due after more than one
year

9

(35,615

)

(39,839

)

PROVISIONS FOR LIABILITIES 12 (1,714 ) (1,235 )
NET ASSETS 579 1,639

CAPITAL AND RESERVES
Called up share capital 13 100 100
Retained earnings 479 1,539
SHAREHOLDERS' FUNDS 579 1,639

CULTRIX LIMITED (REGISTERED NUMBER: 04556716)

BALANCE SHEET - continued
31 OCTOBER 2023


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.

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 & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2024 and were signed on its behalf by:





S Wilders - Director


CULTRIX LIMITED (REGISTERED NUMBER: 04556716)

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

1. STATUTORY INFORMATION

Cultrix 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.

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 cost
Computer equipment - 25% on cost

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 & Loss Account and Retained Earnings, 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.

CULTRIX LIMITED (REGISTERED NUMBER: 04556716)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022 10,439 35,838 46,277
Additions - 2,570 2,570
At 31 October 2023 10,439 38,408 48,847
DEPRECIATION
At 1 November 2022 9,349 30,429 39,778
Charge for year 140 1,658 1,798
At 31 October 2023 9,489 32,087 41,576
NET BOOK VALUE
At 31 October 2023 950 6,321 7,271
At 31 October 2022 1,090 5,409 6,499

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 12,251
NET BOOK VALUE
At 31 October 2023 12,251
At 31 October 2022 12,251

6. STOCKS
2023 2022
£    £   
Stocks - 715

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 60,228 35,190
Other debtors 17,883 24,403
Directors' current accounts 88,635 84,367
Prepayments 92 92
166,838 144,052

CULTRIX LIMITED (REGISTERED NUMBER: 04556716)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 10) 30,679 6,681
Trade creditors 32,893 13,835
Tax 19,071 21,654
Social security and other taxes 15,240 4,119
VAT 47,046 70,409
Other creditors 4,079 4,533
Accrued expenses 3,476 3,325
152,484 124,556

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 10) 35,615 39,839

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,101 17,929

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 2,186 1,537
Bank loans 28,493 5,144
30,679 6,681

Amounts falling due between one and two years:
Bank loans - 1-2 years 6,458 5,274

Amounts falling due between two and five years:
Bank loans - 2-5 years 17,056 16,636

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,101 17,929

CULTRIX LIMITED (REGISTERED NUMBER: 04556716)

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

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 2,186 1,537

12. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,714 1,235

Deferred
tax
£   
Balance at 1 November 2022 1,235
Provided during year 479
Balance at 31 October 2023 1,714

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares £1 100 100

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
S Wilders
Balance outstanding at start of year 84,367 63,641
Amounts advanced 39,700 49,176
Amounts repaid (35,432 ) (28,450 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 88,635 84,367

15. ULTIMATE CONTROLLING PARTY

Mr S Wilders, director, controls the company by virtue of holding 100% of the issued share capital.