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REGISTERED NUMBER: 08609474 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

EXTRABITS TRADING LIMITED

EXTRABITS TRADING LIMITED (REGISTERED NUMBER: 08609474)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EXTRABITS TRADING LIMITED

COMPANY INFORMATION
for the year ended 31 MARCH 2024







DIRECTORS: N D Poole
E N Poole





SECRETARY: M Poole





REGISTERED OFFICE: P O Box 397
Carterton
Oxfordshire
OX18 9DY





REGISTERED NUMBER: 08609474 (England and Wales)





ACCOUNTANTS: C B Heslop & Company Limited
Chartered Accountants
1 High Street
Thatcham
Berks
RG19 3JG

EXTRABITS TRADING LIMITED (REGISTERED NUMBER: 08609474)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3 53

CURRENT ASSETS
Stocks 200 200
Debtors 5 10,651 6,144
Cash at bank and in hand 1,328 684
12,179 7,028
CREDITORS
Amounts falling due within one year 6 252,125 252,866
NET CURRENT LIABILITIES (239,946 ) (245,838 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(239,943

)

(245,785

)

PROVISIONS FOR LIABILITIES 944 -
NET LIABILITIES (240,887 ) (245,785 )

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (240,890 ) (245,788 )
SHAREHOLDERS' FUNDS (240,887 ) (245,785 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

EXTRABITS TRADING LIMITED (REGISTERED NUMBER: 08609474)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 2 November 2024 and were signed on its behalf by:





N D Poole - Director


EXTRABITS TRADING LIMITED (REGISTERED NUMBER: 08609474)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 MARCH 2024

1. STATUTORY INFORMATION

Extrabits Trading 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.
Plant and machinery - at variable rates on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

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

EXTRABITS TRADING LIMITED (REGISTERED NUMBER: 08609474)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 11,685
DEPRECIATION
At 1 April 2023 11,632
Charge for year 50
At 31 March 2024 11,682
NET BOOK VALUE
At 31 March 2024 3
At 31 March 2023 53

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 5,802 554
Other debtors 4,849 5,590
10,651 6,144

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 704 169
Taxation and social security 2,197 -
Other creditors 249,224 252,697
252,125 252,866

7. ULTIMATE CONTROLLING PARTY

Mr. E. N. Poole, director, controls the company by virtue of a controlling interest of 67% of the issued ordinary share capital.

8. BALANCE SHEET

The balance sheet shows an overall deficit of £240,887.The main creditor is the directors loan of £248,000.