Registered number
10863003
Extraction Services Limited
Filleted Accounts
31 July 2025
Extraction Services Limited
Registered number: 10863003
Balance Sheet
as at 31 July 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 118,336 167,176
Current assets
Debtors 4 289,923 310,503
Cash at bank and in hand 219,754 68,156
509,677 378,659
Creditors: amounts falling due within one year 5 (137,392) (75,372)
Net current assets 372,285 303,287
Total assets less current liabilities 490,621 470,463
Creditors: amounts falling due after more than one year 6 (9,259) (42,035)
Provisions for liabilities (29,584) (41,794)
Net assets 451,778 386,634
Capital and reserves
Called up share capital 100 100
Profit and loss account 451,678 386,534
Shareholders' funds 451,778 386,634
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C P West
Director
Approved by the board on 25 August 2025
Extraction Services Limited
Notes to the Accounts
for the year ended 31 July 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant, machinery and office equipment 20% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2024 116,105 297,830 413,935
At 31 July 2025 105,985 247,330 353,315
Depreciation
At 1 August 2024 43,092 203,667 246,759
At 31 July 2025 52,455 182,524 234,979
Net book value
At 31 July 2025 53,530 64,806 118,336
At 31 July 2024 73,013 94,163 167,176
4 Debtors 2025 2024
£ £
Trade debtors 73,131 68,353
Director's loan 161,098 178,844
Other debtors 55,694 63,306
289,923 310,503
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 10,000 11,190
Obligations under finance lease and hire purchase contracts 22,776 22,776
Trade creditors 19,362 18,957
Taxation and social security costs 84,434 22,333
Other creditors 820 116
137,392 75,372
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 1,667 11,667
Obligations under finance lease and hire purchase contracts 7,592 30,368
9,259 42,035
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
CP West
Interest free 178,844 - (17,746) 161,098
178,844 - (17,746) 161,098
8 Controlling party
The controlling party was Mr CP West.
9 Other information
Extraction Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Snapes Lodge Farm
Sudborough
Kettering
Northants
NN14 3BS
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