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REGISTERED NUMBER: 11884176 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Ixtract Ltd

Ixtract Ltd (Registered number: 11884176)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ixtract Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: G Gledhill





REGISTERED OFFICE: D16 Rivington Court Walter Leigh Way
Moss Industrial Estate
Leigh
Greater Manchester
WN7 3PT





REGISTERED NUMBER: 11884176 (England and Wales)





ACCOUNTANTS: KJA Kilner Johnson Ltd
Network House
Stubs Beck Lane
Cleckheaton
BD19 4TT

Ixtract Ltd (Registered number: 11884176)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,449 19,003
Tangible assets 5 162,717 85,283
180,166 104,286

CURRENT ASSETS
Stocks 383,089 276,930
Debtors 6 556,350 184,600
Cash at bank 14,225 28,306
953,664 489,836
CREDITORS
Amounts falling due within one year 7 589,085 305,838
NET CURRENT ASSETS 364,579 183,998
TOTAL ASSETS LESS CURRENT
LIABILITIES

544,745

288,284

PROVISIONS FOR LIABILITIES 43,012 16,723
NET ASSETS 501,733 271,561

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 501,633 271,461
501,733 271,561

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Ixtract Ltd (Registered number: 11884176)

Balance Sheet - continued
30 June 2024


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 28 August 2024 and were signed by:





G Gledhill - Director


Ixtract Ltd (Registered number: 11884176)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Ixtract 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 etc - 25% reducing balance and 10% straight line

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Ixtract Ltd (Registered number: 11884176)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023 29,529
Additions 1,495
At 30 June 2024 31,024
AMORTISATION
At 1 July 2023 10,526
Charge for year 3,049
At 30 June 2024 13,575
NET BOOK VALUE
At 30 June 2024 17,449
At 30 June 2023 19,003

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 110,425
Additions 85,804
At 30 June 2024 196,229
DEPRECIATION
At 1 July 2023 25,142
Charge for year 8,370
At 30 June 2024 33,512
NET BOOK VALUE
At 30 June 2024 162,717
At 30 June 2023 85,283

Ixtract Ltd (Registered number: 11884176)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 181,477 114,107
Amounts owed by participating interests 250,000 -
Other debtors 124,873 70,493
556,350 184,600

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 282,950 157,562
Amounts owed to participating interests 155,499 18,000
Taxation and social security 123,797 109,756
Other creditors 26,839 20,520
589,085 305,838

8. ULTIMATE CONTROLLING PARTY

The controlling party is G Gledhill.

The ultimate controlling party is G Gledhill.