Xcel 2000 Limited - Limited company - abbreviated - 11.6

Xcel 2000 Limited - Limited company - abbreviated - 11.6

XCEL 2000 LIMITED - Company Information

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REGISTERED NUMBER: 08494937 (England and Wales)












ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

FOR

XCEL 2000 LIMITED

XCEL 2000 LIMITED (REGISTERED NUMBER: 08494937)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

XCEL 2000 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2014







DIRECTORS: P D Gausten
L F Harrison





REGISTERED OFFICE: 8 London Road
Sittingbourne
Kent
ME10 1NA





REGISTERED NUMBER: 08494937 (England and Wales)





ACCOUNTANTS: Williams Giles Limited
Chartered Accountants
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH
Page 1
XCEL 2000 LIMITED (REGISTERED NUMBER: 08494937)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2014

31.10.14 31.10.13
Notes £    £    £    £   
FIXED ASSETS
Investments 2 502,502 502,502

CREDITORS
Amounts falling due within one year 260,943 362,736
NET CURRENT LIABILITIES (260,943 ) (362,736 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
241,559
139,766

CREDITORS
Amounts falling due after more than one
year
31,657
124,780
NET ASSETS 209,902 14,986

CAPITAL AND RESERVES
Called up share capital 3 102 102
Profit and loss account 209,800 14,884
SHAREHOLDERS' FUNDS 209,902 14,986

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 13 March 2015 and were signed on its behalf by:





P D Gausten - Director


The notes form part of these abbreviated accounts

Page 2
XCEL 2000 LIMITED (REGISTERED NUMBER: 08494937)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 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).

Preparation of consolidated financial statements
The financial statements contain information about Xcel 2000 Limited as an individual company and do not
contain consolidated financial information as the parent of a group. The company has taken the option under
Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Fixed asset investments
Investments held as fixed assets are stated at market value less any provisions for impairment. Investments are
reviewed for impairment annually and if events of changes in circumstances indicate that the carrying value may
not be recoverable. Impairments are calculated such that the carrying value of the fixed asset investment is the
lower of its cost or recoverable amount. The recoverable amount is the higher of net realisable value and value in
use.

2. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 November 2013
and 31 October 2014 502,502
NET BOOK VALUE
At 31 October 2014 502,502
At 31 October 2013 502,502

The company's investments at the balance sheet date in the share capital of companies include the following:

Xcel 2000 Fostercare Services Limited
Nature of business: Fostering, education and support services.
%
Class of shares: holding
Ordinary 100.00
31.10.14 31.10.13
£    £   
Aggregate capital and reserves 212,173 151,793
Profit for the year/period 260,383 145,177

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.14 31.10.13
value: £    £   
102 Ordinary £1 102 102

Page 3 continued...
XCEL 2000 LIMITED (REGISTERED NUMBER: 08494937)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2014

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period the company made loan repayments to the directors. The amounts due at the year end were
£6,333 (2013 - £72,498) to Mrs P. D. Gausten and £74,805 (2013 - £115,649) to Mrs L. F. Harrison.

Page 4