EXDS Limited - Limited company - abbreviated - 11.6
EXDS Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 30 June 2014 |
| for |
| EXDS Limited |
| EXDS Limited (Registered number: 04261526) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 June 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| EXDS Limited |
| Company Information |
| for the Year Ended 30 June 2014 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| EXDS Limited (Registered number: 04261526) |
| Abbreviated Balance Sheet |
| 30 June 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| EXDS Limited (Registered number: 04261526) |
| Abbreviated Balance Sheet - continued |
| 30 June 2014 |
| The financial statements were approved by the Board of Directors on behalf by: |
| EXDS Limited (Registered number: 04261526) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 June 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance |
| with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2013 |
| Additions |
| At 30 June 2014 |
| DEPRECIATION |
| At 1 July 2013 |
| Charge for year |
| At 30 June 2014 |
| NET BOOK VALUE |
| At 30 June 2014 |
| At 30 June 2013 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |
| EXDS Limited (Registered number: 04261526) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 June 2014 |
| 4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 June 2014 and |
| 30 June 2013: |
| 2014 | 2013 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| 5. | RELATED PARTY TRANSACTIONS |
| The Company agreed to accept the novation of an Option CFD from its employee Steven Grimbley on |
| 30 June 2014 as part of the employee's remuneration for the period. From the date of novation, the |
| Company would benefit from any profits under the contract (a maximum of £26,470) and would |
| become liable for any costs under the contract (a maximum of £320,000). The Option CFD expires on |
| 30 September 2014 and, because the board of Directors believe that this is an onerous contract, a |
| provision of £320,000 has been made in the accounts. |