Exact Systems Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2

Registered number: 08778097

		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Cash at bank and in hand		2,560		3,278

		2,560		3,278
Creditors: Amounts Falling Due Within One Year	4	-		(478 )

NET CURRENT ASSETS (LIABILITIES)			2,560		2,800

TOTAL ASSETS LESS CURRENT LIABILITIES			2,560		2,800

Creditors: Amounts Falling Due After More Than One Year	5		(39,955 )		(21,739 )

NET LIABILITIES			(37,395 )		(18,939 )

CAPITAL AND RESERVES
Called up share capital	6		800,000		800,000
Share premium account			788,902		788,902
Profit and Loss Account			(1,626,297 )		(1,607,841 )

SHAREHOLDERS' FUNDS			(37,395)		(18,939)

For the year ending 31 December 2024 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

P A Gos

Director

28/05/2025

The notes on page 2 form part of these financial statements.

1. General Information

Exact Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08778097 . The registered office is The Hangar, Hadley Park East, Telford, Shropshire, TF1 6QJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

Straight line over 3-4 years

The gain or loss on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the Profit and Loss Account.

2.3. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	-	478

5. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Amounts owed to participating interests	39,955	21,739

6. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	800,000	800,000