Xtron Systems Limited,Ltd - AccountsLtd - Accounts

Xtron Systems Limited,Ltd - AccountsLtd - Accounts


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Xtron Systems Limited
Registered Number:06986821
For the year ended 31 January 2020
England and Wales
Report of the Directors and Financial Statements
2
For the year ended 31 January 2020
Xtron Systems Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
06986821
As at 31 January 2020
Xtron Systems Limited
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
37,685
44,139
2
37,685
44,139
Current assets
Inventories
32,550
57,426
3
Trade and other receivables
193,930
108,837
4
550
Cash and cash equivalents
606,240
772,503
227,030
Trade and other payables: amounts falling due within one
year
(145,487)
(656,024)
5
81,543
116,479
Net current assets
Total assets less current liabilities
154,164
125,682
Trade and other payables: amounts falling due after more
than one year
(16,667)
(76,927)
6
77,237
Net assets
109,015
Capital and reserves
Called up share capital
100
100
Retained earnings
77,137
108,915
77,237
109,015
Shareholders' funds
For the year ended 31 January 2020 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 of its financial statements for the year ended 31 January 2020 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr CJ Foster Director
These financial statements were approved and authorised for issue by the Board on 29 January 2021 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 January 2020
Xtron Systems Limited
Notes to the Financial Statements
Statutory Information
Xtron Systems Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 06986821.
Registered address:
Unit 8
Calder Vale Road, Horbury
Wakefield
West Yorkshire
WF4 5ER
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15 Reducing balance
25 Reducing balance
Computer equipment
25 Reducing balance
Motor vehicles
25 Reducing balance
Fixtures and fittings
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 February 2019
175,706
10,588
3,333
29,952
131,833
1,287
1,287
-
-
-
Additions
At 31 January 2020
29,952
3,333
11,875
176,993
131,833
Provision for depreciation and impairment
At 01 February 2019
131,567
8,496
2,671
24,718
95,682
Charge for year
7,741
845
165
1,308
5,423
At 31 January 2020
139,308
9,341
2,836
26,026
101,105
At 31 January 2020
Net book value
30,728
3,926
497
2,534
37,685
At 31 January 2019
36,151
5,234
662
2,092
44,139
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5
For the year ended 31 January 2020
Xtron Systems Limited
Notes to the Financial Statements Continued
3. Inventories
2019
2020
£
£
Stocks
57,426
32,550
4. Trade and other receivables
2019
2020
£
£
Trade debtors
24,233
71,827
Other debtors
84,604
122,103
193,930
108,837
5. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Bank loans and overdraft
(8,000)
14,237
Trade creditors
186,264
58,419
Taxation and social security
42,469
32,684
Other creditors
435,291
40,147
656,024
145,487
6. Trade and other payables: amounts falling due after more than one year
2019
2020
£
£
Bank loans and overdraft
76,927
16,667
Other creditors
-
-
76,927
16,667
7. Average number of persons employed
During the year the average number of employees was 11 (2019 : 14)
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