Accounts Submission

Accounts Submission

XS CLASSICS LIMITED - Company Information

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XS CLASSICS LIMITED

Company Registration Number:
03772145 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2020

Period of accounts

Start date: 01 July 2019

End date: 30 June 2020

Page 1

XS CLASSICS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2020

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

Page 2

XS CLASSICS LIMITED

Company Information

for the Period Ended 30 June 2020




Director: James potter
Secretary: Graham potter
Registered office: Fridaywood Farm Bungalow
Bounstead Road
Blackheath
Colchester
Essex
England
CO2 0DF
Company Registration Number: 03772145 (England and Wales)

Page 3

XS CLASSICS LIMITED

Profit and Loss Account

for the Period Ended 30 June 2020


Notes
2020
£
2019
£
Gross Profit or (Loss) 17,670 7,177
Administrative Expenses ( 11,198 ) ( 6,507 )
Operating Profit or (Loss) 6,472 670
Profit or (Loss) Before Tax 6,472 670
Profit or (Loss) for Period 6,472 670

The notes form part of these financial statements

Page 4

XS CLASSICS LIMITED

Balance sheet

As at 30 June 2020


Notes
2020
£
2019
£
Fixed assets
Tangible assets: 4 3 3
Total fixed assets: 3 3
Current assets
Stocks: 200 200
Debtors: 9,483 9,483
Cash at bank and in hand: 50 50
Total current assets: 9,733 9,733
Creditors: amounts falling due within one year: ( 15,076 ) ( 21,548 )
Net current assets (liabilities): ( 5,343 ) ( 11,815 )
Total assets less current liabilities: ( 5,340 ) ( 11,812 )
Creditors: amounts falling due after more than one year: ( 49,850 ) ( 49,850 )
Total net assets (liabilities): ( 55,190 ) ( 61,662 )

The notes form part of these financial statements

Page 5

XS CLASSICS LIMITED

Balance sheet continued

As at 30 June 2020


Notes
2020
£
2019
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: ( 55,192 ) ( 61,664 )
Shareholders funds: ( 55,190 ) ( 61,662 )

For the year ending 30 June 2020 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 3 October 2020
And Signed On Behalf Of The Board By:

Name: James potter
Status: Director

The notes form part of these financial statements

Page 6

XS CLASSICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

  • 1. Accounting policies

    Basis of measurement and preparation

    These accounts have been prepared in accordance with the historic cost convention

Page 7

XS CLASSICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

  • 2. Employees


    2020
    2019
    Average number of employees during the period 0 0

Page 8

XS CLASSICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

  • 3. Off balance sheet disclosure

    No

Page 9

XS CLASSICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

4. Tangible Assets

Total
Cost £
At 01 July 2019 9,978
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2020 9,978
Depreciation
At 01 July 2019 9,975
Charge for year -
On disposals -
Other adjustments -
At 30 June 2020 9,975
Net book value
At 30 June 2020 3
At 30 June 2019 3

Page 10