Company registration number: 11729949
Unaudited financial statements
for the year ended 31 December 2023
for
Extraction & Ducting Services Limited
Pages for filing with the Registrar
Company registration number: 11729949
Extraction & Ducting Services Limited
Balance sheet
as at 31 December 2023
31 Dec 23 31 Dec 22
Note £ £ £ £
Fixed assets
Tangible assets 4 75,134 16,495
75,134 16,495
Current assets
Debtors 375,504 88,571
Cash at bank and in hand 1,968 1,974
377,472 90,545
Creditors: amounts falling due within
one year
(251,673) (97,419)
Net current assets/(liabilities) 125,799 (6,874)
Total assets less current liabilities 200,933 9,621
Creditors: Amounts falling due after
more than one year
(103,157) (5,832)
NET ASSETS 97,776 3,789
Capital and reserves
Called up share capital 100 100
Profit and loss account 97,676 3,689
TOTAL EQUITY 97,776 3,789
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2023.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 11729949
Extraction & Ducting Services Limited
Balance sheet - continued
as at 31 December 2023
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr M Biffin, Director
26 November 2024
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Extraction & Ducting Services Limited
Notes to the financial statements
for the year ended 31 December 2023
1 Company information
Extraction & Ducting Services Limited is a private company registered in England and Wales. Its registered number is 11729949. The company is limited by shares. Its registered office is 69 Walter Road, Swansea, SA1 4QA.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 etc.:
Plant and machinery - 20% straight line
Motor vehicles - 20% straight line
Computer equipment - 20% straight line
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
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Extraction & Ducting Services Limited
Notes to the financial statements - continued
for the year ended 31 December 2023
2 Accounting policies - continued
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 26 (2022 - 20).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 January 2023 20,618
Additions 73,753
At 31 December 2023 94,371
Depreciation
At 1 January 2023 4,123
Charge for year 15,114
At 31 December 2023 19,237
Net book value
At 31 December 2023 75,134
At 31 December 2022 16,495
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