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REGISTERED NUMBER: 05019694 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Extreme Works G.b. Limited

Extreme Works G.b. Limited (Registered number: 05019694)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Extreme Works G.b. Limited

Company Information
for the year ended 31 January 2024







DIRECTOR: Mr L J Woodcock





REGISTERED OFFICE: Top Floor
Claridon House
London Road
Stanford le Hope
Essex
SS17 0JU





REGISTERED NUMBER: 05019694 (England and Wales)





ACCOUNTANTS: Vortex Accountants Limited
Top Floor
Claridon House
London Road
Stanford Le Hope
Essex
SS17 0JU

Extreme Works G.b. Limited (Registered number: 05019694)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 120,508 162,673

CURRENT ASSETS
Stocks 5 21,750 56,405
Debtors 6 20,152 -
Cash at bank and in hand 7,814 32,026
49,716 88,431
CREDITORS
Amounts falling due within one year 7 37,067 79,057
NET CURRENT ASSETS 12,649 9,374
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,157

172,047

PROVISIONS FOR LIABILITIES - 36,266
NET ASSETS 133,157 135,781

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 133,156 135,780
SHAREHOLDERS' FUNDS 133,157 135,781

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

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

Extreme Works G.b. Limited (Registered number: 05019694)

Balance Sheet - continued
31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2024 and were signed by:





Mr L J Woodcock - Director


Extreme Works G.b. Limited (Registered number: 05019694)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Extreme Works G.b. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - Straight line over 5 years
Motor vehicles - 20% on reducing balance

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 Statement of Income 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.


Extreme Works G.b. Limited (Registered number: 05019694)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2023 311,237 79,595 390,832
Additions 2,897 - 2,897
At 31 January 2024 314,134 79,595 393,729
DEPRECIATION
At 1 February 2023 168,376 59,783 228,159
Charge for year 39,793 5,269 45,062
At 31 January 2024 208,169 65,052 273,221
NET BOOK VALUE
At 31 January 2024 105,965 14,543 120,508
At 31 January 2023 142,861 19,812 162,673

Extreme Works G.b. Limited (Registered number: 05019694)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 February 2023
and 31 January 2024 18,671
DEPRECIATION
At 1 February 2023 11,202
Charge for year 2,801
At 31 January 2024 14,003
NET BOOK VALUE
At 31 January 2024 4,668
At 31 January 2023 7,469

5. STOCKS
2024 2023
£    £   
Stocks 11,750 11,255
Work-in-progress 10,000 45,150
21,750 56,405

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 20,152 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,319 34,595
Tax - 5,454
VAT 10,050 23,323
Credit card control 6,698 -
Directors' current accounts - 13,185
Accruals and deferred income 3,000 2,500
37,067 79,057

Extreme Works G.b. Limited (Registered number: 05019694)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The Directors Loan Account was repaid within nine months of the year end.