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REGISTERED NUMBER: 06935568 (England and Wales)













LEXTAN LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






LEXTAN LIMITED (REGISTERED NUMBER: 06935568)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEXTAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: J S Hadley





REGISTERED OFFICE: Unit 19
Milland Road Industrial Estate
Neath
West Glamorgan
SA11 1NJ





REGISTERED NUMBER: 06935568 (England and Wales)





ACCOUNTANTS: Carr, Jenkins & Hood
3 New Mill Court
Enterprise Park
Swansea
SA7 9FG

LEXTAN LIMITED (REGISTERED NUMBER: 06935568)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 26,069 23,188
Tangible assets 5 3,414,972 2,191,159
Investments 6 200,878 200,878
3,641,919 2,415,225

CURRENT ASSETS
Debtors 7 983,135 1,111,842
Cash at bank and in hand 64,216 79,357
1,047,351 1,191,199
CREDITORS
Amounts falling due within one year 8 2,498,190 1,168,039
NET CURRENT (LIABILITIES)/ASSETS (1,450,839 ) 23,160
TOTAL ASSETS LESS CURRENT LIABILITIES 2,191,080 2,438,385

CREDITORS
Amounts falling due after more than one
year

9

1,133,635

1,642,086
NET ASSETS 1,057,445 796,299

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 1,057,442 796,296
1,057,445 796,299

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

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

LEXTAN LIMITED (REGISTERED NUMBER: 06935568)

BALANCE SHEET - continued
31 DECEMBER 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 20 August 2024 and were signed by:





J S Hadley - Director


LEXTAN LIMITED (REGISTERED NUMBER: 06935568)

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


1. STATUTORY INFORMATION

Lextan 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.

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Short leasehold - 10% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 20% 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.

LEXTAN LIMITED (REGISTERED NUMBER: 06935568)

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


2. ACCOUNTING POLICIES - continued

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 131 (2022 - 104 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 23,900
Additions 5,750
At 31 December 2023 29,650
AMORTISATION
At 1 January 2023 712
Charge for year 2,869
At 31 December 2023 3,581
NET BOOK VALUE
At 31 December 2023 26,069
At 31 December 2022 23,188

LEXTAN LIMITED (REGISTERED NUMBER: 06935568)

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


5. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 January 2023 131,691 945,250 2,228,957
Additions - 931,563 586,910
Disposals (131,691 ) (4,657 ) -
At 31 December 2023 - 1,872,156 2,815,867
DEPRECIATION
At 1 January 2023 - 151,975 1,143,552
Charge for year - 141,096 207,405
Eliminated on disposal - (310 ) -
At 31 December 2023 - 292,761 1,350,957
NET BOOK VALUE
At 31 December 2023 - 1,579,395 1,464,910
At 31 December 2022 131,691 793,275 1,085,405

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023 222,741 58,083 3,586,722
Additions 99,543 144,750 1,762,766
Disposals - (9,171 ) (145,519 )
At 31 December 2023 322,284 193,662 5,203,969
DEPRECIATION
At 1 January 2023 85,021 15,015 1,395,563
Charge for year 25,364 20,338 394,203
Eliminated on disposal - (459 ) (769 )
At 31 December 2023 110,385 34,894 1,788,997
NET BOOK VALUE
At 31 December 2023 211,899 158,768 3,414,972
At 31 December 2022 137,720 43,068 2,191,159

LEXTAN LIMITED (REGISTERED NUMBER: 06935568)

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


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 200,878
NET BOOK VALUE
At 31 December 2023 200,878
At 31 December 2022 200,878

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 500,418 417,647
Other debtors 482,717 694,195
983,135 1,111,842

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 670,342 348,553
Hire purchase contracts 140,148 -
Trade creditors 987,304 400,955
Taxation and social security 400,301 214,729
Other creditors 300,095 203,802
2,498,190 1,168,039

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 690,974 898,786
Hire purchase contracts 142,661 -
Trade creditors - 343,300
Other creditors 300,000 400,000
1,133,635 1,642,086