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Company Registration No. 13549139 (England and Wales)
Exactitude Ltd Unaudited accounts for the year ended 31 August 2024
Exactitude Ltd Unaudited accounts Contents
Page
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Exactitude Ltd Company Information for the year ended 31 August 2024
Directors
Mark Hung Megan Hung
Company Number
13549139 (England and Wales)
Registered Office
36 ARMISTICE AVENUE SPRINGFIELD CHELMSFORD Essex CM1 6AR ENGLAND
Accountants
SilverstoneBKS Limited 127 Raphael Drive Shoeburyness Southend on Sea Essex SS3 9UR
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Exactitude Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,161 
6,450 
Current assets
Debtors
9,527 
12,000 
Cash at bank and in hand
41,976 
27,954 
51,503 
39,954 
Creditors: amounts falling due within one year
(55,158)
(37,231)
Net current (liabilities)/assets
(3,655)
2,723 
Net assets
506 
9,173 
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
486 
9,153 
Shareholders' funds
506 
9,173 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by
Mark Hung Director Company Registration No. 13549139
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Exactitude Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Exactitude Ltd is a private company, limited by shares, registered in England and Wales, registration number 13549139. The registered office is 36 ARMISTICE AVENUE, SPRINGFIELD, CHELMSFORD, Essex, CM1 6AR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Computer equipment
25% Straight line
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
3,519 
4,805 
8,324 
At 31 August 2024
3,519 
4,805 
8,324 
Depreciation
At 1 September 2023
794 
1,080 
1,874 
Charge for the year
639 
1,650 
2,289 
At 31 August 2024
1,433 
2,730 
4,163 
Net book value
At 31 August 2024
2,086 
2,075 
4,161 
At 31 August 2023
2,725 
3,725 
6,450 
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Exactitude Ltd Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
12,000 
Amounts falling due after more than one year
Other debtors
9,527 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
14,378 
12,709 
Taxes and social security
40,780 
24,522 
55,158 
37,231 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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