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Registered number: 09730610

EXACT START LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
NCL Services Ltd
Chartered Certified Accountants
3 Wood Close
Strensall
York
N Yorks
YO32 5YH

EXACT START LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
Mr S Sonley
REGISTERED OFFICE
48 Ryecroft Avenue
Woodthorpe
York
N Yorks
YO24 2SD
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09730610
ACCOUNTANTS
NCL Services Ltd
Chartered Certified Accountants
3 Wood Close
Strensall
York
N Yorks
YO32 5YH

EXACT START LIMITED

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets319,38523,065
CURRENT ASSETS
Stock21,39820,632
Debtors52,7754,072
Cash at bank and in hand19,14720,710
43,32045,414
CREDITORS: Amounts falling due within one year611,6607,679
NET CURRENT ASSETS31,66037,735
TOTAL ASSETS LESS CURRENT LIABILITIES51,04560,800
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account50,94560,700
SHAREHOLDERS' FUNDS51,04560,800
For the year ending 31/03/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21/10/2024 and signed on their behalf by
.............................
Mr S Sonley
Director

EXACT START LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 15%
Commercial Vehiclesreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20242023
No.No.
Average number of employees11

EXACT START LIMITED

3. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesTotal
£££
Cost
At 01/04/202326,57313,95540,528
At 31/03/202426,57313,95540,528
Depreciation
At 01/04/20235,68311,78017,463
For the year3,1355453,680
At 31/03/20248,81812,32521,143
Net Book Amounts
At 31/03/202417,7551,63019,385
At 31/03/202320,8902,17523,065
4. STOCK 20242023
££
Stock comprises:
Stock21,39820,632
21,39820,632
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors2,7754,072
2,7754,072
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax6,200-
Directors current account4,6204,100
Trade creditors8403,579
11,6607,679

EXACT START LIMITED

7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1.00 each100100
100100